By: Mark Stern

August Newsletter

Tags: August Real Estate Newsletter

August 2017,   Dear Friend,   Another good month for the Toronto real estate board, as TREB members sold 5,921 homes in July. The average sales price now stands at $857 823, up 17% over year-end 2016 of $729,827. There are 18,751 active listings on the market and with an anticipated sale of 5,500 homes in August, There are 4 listings, (homes listed for sale) for the average buyer to choo...Read More

By: Mark Stern

July Newsletter

Tags: July Newsletter

  July 2017. Dear Friend, June’s sale of 7,974 homes brought the year to date number to 54,813, at an average price of $870,106, up 19% since the start of the year. Historically, 53.97% of the year’s sales are done by June 30, so it looks like 2017 will have 100,000 homes sold, down from the record breaking 113,000 of 2016. Having said that, I must admit, that I would not be s...Read More

By: Mark Stern

April Newsletter

Tags: April Newsletter

April 2017 Dear Friend As expected, (March being the start of the Spring Market) Toronto Real Estate Board Realtors reported 12,077 residential sales through TREB’s MLS® System. For the TREB market area as a whole, annual sales growth was strongest for condominium apartments and detached houses. While new listings were up strongly compared to last year, the rate new listings growth ...Read More

By: Mark Stern

March Newsletter

Tags: March Newsletter

March 2017   Dear Friend,   More of the same, with no end in sight!   That pretty much sums up the Toronto real estate market. Record level sales, record level prices as 8,014 residential homes sold in February through the Toronto Real Estate Board MLS system.   It’s obvious that many Greater Toronto Area households as well as overseas investors continue to view ...Read More

By: Mark Stern

December Newsletter

Tags: December Newsletter

December 2016,   Dear Friend,   Toronto real estate board members reported  the sale of 8,547 homes in November 2016. This result represented a 16.5% increase compared to November 2015. The average price of a home was up approximately 22% compared to a year ago, and now stands at $729, 849.   The talk of lack of inventory, increase in prices, strong demand and buyers frus...Read More

By: Mark Stern

December Newsletter

Tags: Newsletter

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By: Mark Stern

November Newsletter

Tags: Homes

?November 2016 Dear Friend, The Toronto real estate market continued its torrid pace with the sale of 9,768 homes. The largest annual rate of sales growth was in the condominium apartment market segment, primarily due to the affordability factors, as other home types prices continue to move out of the reach of some first time buyers.   The big news in October was the CBC’s Marke...Read More

By: Mark Stern

October Newsletter

Tags: October Newsletter

  October 2016 Dear Friend, September marked another huge month of sales as Toronto area realtors sold a record 9,902 homes. For the region as a whole, strong annual rates of sales growth were experienced for all major home types. The pace of detached sales growth was slower in the City of Toronto and the number of semi-detached sales was down compared to last year.     The av...Read More

By: Mark Stern

July Newsletter

Tags: Newsletter

Enter Blog Post HereJuly 2016 Dear Friend, As of the end of June, Toronto Real Estate Board members sold 60,293 listings, another record month. On average 54% of all the sales in a given year are done in the first 6 months, and that means that another 51,000 homes will be sold by December 31st.. Historically May is the busiest month of the year (10.77% of the annual sales) and it’s...Read More

By: Mark Stern

June Newsletter

Tags: June Newsletter

June 2016   Dear Friend, Once again, the Toronto Real Estate Board has experienced a new record for home sales. May’s sale of 12,870 homes, marked a 10.6% increase over the same period last year. While sales were up, the number of new listings taken was down 6.4% thus exacerbating the shortage of homes for sale which has resulted in the price of homes increasing once again. The average...Read More