Welcome To 5 Mariner Terrace, Suite 1503

FOR SALE

MLS: C3831855

This is It! Tastefully Upgraded 2BR Split Layout Corner Unit. Open Concept With Over 1250Sf. High Ceilings. Natural Light Galore. Large Master Bedroom With A Custom Walk-In Closet. Master Ensuite With Tub and Shower. Chefs Kitchen With A Breakfast Bar, Pantry, Gas Stove And Stainless Steel  Appliances. Use The Den As A Home Office. Gorgeous Water View and Stunning West Exposure. TTC, Groceries, Shops And Restaurants, Bars, Cinema, Schools, Parks And Trails. Highway Nearby. Just Move In.

Inclusions:   All Window Coverings. All Light Fixtures. All Stainless Steel Appliances: Fridge, Stove, Microwave/Hood Fan, Dishwasher. Stacked Washer and Dryer. Parking. Locker. Visitor Parking. 30,000sf Super Club. Gym, Basketball ,Squash, Tennis, Pool. BBQ. Excellent Price/sf.

For more pictures and information:

http://www.cityoftorontorealestate.ca/Property/5-Mariner-Terrace-1503-Toronto 

For all of your real estate questions please contact me direct (416-520-6746) or by email, David@DavidStoddard.ca

Oh, by the way……if you know of someone who would appreciate the level of service I provide, please call me, text me or email me with their name and number. I’ll be happy to follow up and take great care of them.

GTA Condo Market Report Q1 2017

Condo Market Conditions Tightened Further in Q1 2017

 

 

Greater Toronto Realtors reported 7,251 condo apartment sales through the MLS in the first quarter of 2017. The number of transactions represented a 21.7% increase compared to 5,959 transactions reported in Q1 2016.

 In the City of Toronto, which accounted for 70% of condo apartment sales in the GTA, sales were up by 18.8%. The average selling price in the City of Toronto was $521,842 up 23.2% from Q1 2016.

 The number of new listings in the GTA reported in Q1 was down by 18.8% compared to the same period in 2016. The number of active listings in the GTA reported in Q1 was down by 63.4% compared to the same period in 2016.

 With a double-digit annual increase in sales and a double-digit annual decline in new listings, condo market conditions tightened substantially over the past year.

 “Condominium apartments have historically been the housing type of choice for many first-time buyers due to the relatively low price point compared to ground oriented housing options. Given that more than half of intending home buyers are expected to be first-time home buyers in 2017, according to a recent Ipsos poll conducted for TREB, it makes sense that demand for this housing type has remained strong,” said Toronto Real Estate Board Larry Cerqua.

 The average GTA selling price grew in Q1 up by 24.3% from the same time last year to $489,551.

 “Market conditions became much tighter in the condominium market segment over the past year, with sales accounting for a greater share of listings. As competition between buyers increased further, the pace of price growth accelerated,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

 

 Other notable statistics include the average days on the market for Q1 2017 at 16 days, down from 31 days in Q1 2016.

 Sellers are looking for market value for their property. I prepare a comparative market analysis (CMA) for all of my Buyer clients prior to submitting an offer to determine the property’s market value range 

 Real estate is very building  specific. The numbers as reported above are GTA averages. Results in one building do not indicate that all other buildings  are experiencing the same results.

 The number of condominium apartments listed for rent in the Q1 2017 was up on a year-over-year basis but by less than 1%. 

 Greater Toronto Area lease transactions were up by 3.5% in Q1 2017 compared to Q1 2016.

 With demand for condominium apartment rentals remaining very strong, the annual growth rate for average rents was well-above the rate of inflation for one-bedroom and two-bedroom unit types.

 The average one-bedroom rent for the TREB market area as a whole was up by 7.8 per cent on a year-over-year basis to $1,791. The average two-bedroom rent was up by 6.8 per cent to $2,432.

 The vacancy rate for a condo apartment in the City of Toronto for Q1 2017 was 1.0%.

 

 Do you have any questions about Toronto Real Estate? Please contact me direct at or by email, David@DavidStoddard.ca

** You can follow my real estate posts on FACEBOOK. Click here to LIKE my real estate page

 Oh, by the way……if you know of someone who would appreciate the level of service I provide, please call me, text me or email me with their name and number. I’ll be happy to follow up and take great care of them.

 

Amazing Clients! Amazing Results!

 

“David was a great asset to have in our search for a first home. He was incredibly patient with us, as we were novices to the real estate world. He was very knowledgeable about the ins and outs of the real estate business, and would frequently predict with high accuracy how much a unit would sell. He put in a tremendous amount of work on our behalf, and much of it was done on tight schedules to meet offer dates and closing dates. He was a pleasure to work with.

– Chris and Sylvia

GTA Real Estate Market Report March 2017

Tight Market Conditions Continue in March

 

Greater Toronto Realtors reported 12,077 residential sales through the Toronto MLS system in March 2017. The number of transactions in March represented a 17.7% increase compared 10,260 transactions reported in March 2016.

 For the region as a whole, strong annual rates of sales growth were experienced for detached homes, townhomes and condo apartments. The pace of semi-detached sales growth was slower. The year-over-year dip in new listings was likely the issue.

Condo apartments in the GTA had the highest sales increase year-over-year at 23.9%.

The number of new listings reported in March was up 15.2% compared to the same period in 2016. Active listings were 7,865 in March 2017-down 35.2% from March 2016. The strongest growth in new listings was experienced in the detached market segment. While new listings were up strongly compared to last year, the rate of new listings growth was still lower than the rate of sales growth. As a result GTA market conditions continued to tighten.

 “It has been encouraging to see that policymakers have not implemented any knee-jerk policies regarding the GTA housing market. Different levels of government are holding consultations with market stakeholders and TREB has participated and will continue to participate in these discussions. Policy makers must remember that it is the interplay between the demand for and supply of listings that influences price growth ,” said Larry Cerqua, TREB’s President.

The average price in March was up by 33.2% from the same time last year to $916,567. Semi-detached homes in the GTA led the way in terms of an average price increase at 34.4% compared to the same time last year.

 

 “Annual rates of price growth continued to accelerate in March as growth in sales outstripped growth in listings. A substantial period of months in which listings growth is greater than sales growth will be required to bring the GTA housing market back into balance. As policy makers seek to achieve this balance, it is important that an evidence-based approach is followed,” said Jason Mercer, TREB’s Director of Market Analysis.

Sales of Toronto (416 area code) condominium apartments increased by 29.0% in March 2017. The average selling price of a Toronto condo increased by 32.0% in March 2017 from the same time last year to $550,299.

Condominium apartments accounted for 27.0% of total GTA sales in March while detached homes accounted for 48.7% of the total sales.

Other notable statistics include the average days on the market for March at 10 days, down 37.5%. The sales-to-listings ratio for March 2017 was 154% which is classified as a very big seller’s market. A ratio from 24%-28% is considered a balanced market.  

 Sellers are looking for market value for their property. I prepare a comparative market analysis (CMA) for all of my Buyer clients prior to submitting an offer to determine the property’s market value range 

 Real estate is very neighbourhood specific, building specific  and even very street specific in some areas. The numbers as reported above are GTA averages. Results in one neighbourhood , on one street or in one building do not indicate that all other neighbourhoods, streets or buildings are experiencing the same results. We are still seeing multiple offers in some areas for the best homes and condos.

 

 

For all of your real estate questions please contact me direct (416-520-6746) or by email, David@DavidStoddard.ca

** You can follow my real estate posts on FACEBOOK. Click here to LIKE my real estate page

Oh, by the way……if you know of someone who would appreciate the level of service I provide, please call me, text me or email me with their name and number. I’ll be happy to follow up and take great care of them.

 

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Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca

** You can follow my real estate posts on FACEBOOK. Click here to LIKE my real estate page.

Oh, by the way……if you know of someone who would appreciate the level of service I provide, please call me, text me or email me with their name and number. I’ll be happy to follow up and take great care of them.