Dec
More sales (6,391, up 14% over last year) and fewer active listings (16,092, down 12%) in November meant competition among buyers, and higher prices - shocking, eh? The average selling price for all dwelling types was $538,881, a year-over-year increase of 11.3% (which is significant). The MLS® Home Price Index (HPI) Composite Benchmark...
Read MoreThe Danforth is such a great part of Toronto. The subway provides access for local residents to quickly get downtown, and at the same time conveniently brings folks to the area to enjoy the great restaurants, pub and shops. The neighbourhood brims with activity. Set just...
Read MoreNov
As shown in TREB's latest report, October was another strong - if somewhat frustrating - month in the Toronto real estate market. The key points are that, compared to October 2012, there are fewer homes on the market (-10.5%), they are selling faster (DOM -2.6%), and...
Read MoreOne can't talk real estate without at some point touching on the issue of 'staging'. The idea is that somebody replaces some or all of your furniture with nicer stuff, and blows the socks off potential buyers. Sounds simple enough. As I have written before, when...
Read MoreNestled within the urban forest that characterizes the Beach, Neville Park Blvd is a quiet cul-de-sac near the very end of Queen St East. Number 151 is a gorgeous, three bedroom detached home that has been extensively renovated over the last year. The two storey rear addition was re-built...
Read MoreOct
Today TREB released the sales statistics for September. As I noted recently, sales activity has been up significantly this year, and September continued that trend: sales volume was up 30% over September, 2012. At the same time, the number of both new and active (total) listings were...
Read MoreLeslieville is well-known for its solidly built, red brick semis. This house is a fine example of that type. Set just north of Gerrard St E, one block east of Jones, this is a great three-bedroom, two-bathroom starter home that has been extensively renovated and...
Read MoreYesterday (Sept.5th) TREB released the monthly sales stats for August. Following a busier-than-usual July, August sales were up 21% to 7,569 residential transactions (compared to 6,249 sales in August 2012). The average price also continues to rise, up 5.5% year-over-year. Of note, the Composite Home Index, which...
Read MoreAug
In last month's report I mentioned that the early July market seemed to be busier than usual. That apparent activity translated into strong sales volume of 8,544 transactions, up 16% over the same month last year, and - as has been the case for most of...
Read MoreJul
June was a typically busy month in the Toronto real estate market. The number of sales reported in the Toronto MLS in June 2013 (9061) was just a shade under last year (9129). The average price ($531,374) increased by a fairly typical 4.7% year-over-year. (Regular readers...
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