Toronto Real Estate Statistics: TREB Mid March Update

Toronto Real Estate Board says GTA resale housing market still down

March 19, 2008 — Resale home transactions in the Greater Toronto Area continued at a moderate pace during the first half of March, Toronto Real Estate Board President Maureen O’Neill announced today.

With 3,183 transactions to mid-month, sales in the GTA and in Toronto declined 14 per cent and 18 per cent respectively compared to the same timeframe a year ago.

“It’s important to recognize that we have endured the snowiest winter since 1939 and this has undoubtedly affected the market,” said Ms. O’Neill. “The storm that pounded the GTA during the second weekend of March likely had more people focused on shoveling sidewalks than house hunting.”

Despite moderate activity, the value of homes in our city continues to appreciate. At an average of $385,405 in the GTA and $409,116 in Toronto, prices have increased five and four per cent respectively compared to a year ago.

As well, some neighbourhoods experienced an increase in activity during the first half of March.

At the North end of the Greater Toronto Area, Georgina (N17) experienced a 39 per cent increase in sales during the first half of March, driven mainly by detached home transactions.The Agincourt area of Scarborough (E07) experienced a 12 per cent overall increase in sales compared to a year ago based primarily on strong condominium apartment sales.

Strong condominium apartment sales also allowed the Weston area in York (W04) to hold strong, with a 28 per cent overall increase compared to a year ago.

Toronto’s Downtown core (C01) has also experienced healthy sales activity so far this month, due to strong condominium apartment sales as well. Overall sales in this area were up 11 per cent compared to a year ago.

“Condominium apartments have weathered the winter best so far this year, with 733 sales to date but we remain confident that once the snow has melted, we will see a very active spring market overall,” said Ms. O’Neill. “The land transfer tax in Toronto concerns us and we continue to keep a watchful eye on how this tax plays out in the market.”

Source:  TREB (Toronto Real Estate Board)

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Toronto Real Estate Statistics: February 2008

Its that time of the month again, time to show some graphs from February 2008’s Toronto Real Estate Board’s numbers.  Just a reminder, if you are looking to buy or sell your Toronto Home or Toronto Condo, the charts below can be custom made for your distict, your street or your neighbourhood.  Now, lets take a look at some graphs. 

Toronto Real Estate Average Days on Market

Toronto Real Estate February 2008 Average Days on Market 

The average days on market for February was 30.78.  Down 10.65% over the same time period in 2007.

Toronto Real Estate  February Number of Units Sold

Toronto Real Estate Statistics February 2008, Number of Units Sold

The number of units sold in February was 6424,  Down 12.59 % over the same period last year.

Toronto Real Estate February Sold to Asked Ratio

Toronto Real Estate Statistics February 2008, Average Sold to asked ratio

The Sold to Asking price ratio for February was 98.34 %.  Up .31% over the same time period last year.

Toronto Real Estate February Average Median Selling Price

Toronto Real Estate Statistics February 2008, Median Selling Price

The average median selling price for February was $330,000.00. Up 5.77% over the same time period 2007.

Toronto Real Estate February Average Mean Selling Price

Toronto Real Estate Statistics February 2008, Average Mean Selling Price

The average mean selling price in february is $385,770.00.  Up 3.45% over February 2007.

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Toronto Real Estate: Marketing Your Home to Get Top Dollar

There is more to selling your home than just putting it on the Toronto Real Estate Boards MLS and sticking a for sale sign in the lawn.  Yes you could do that and it might work,  but what if you want to get the most money for your Toronto Home.

There are many ways to put your home in front of as many potential buyers possible.  Over the next couple of weeks I will be covering different ways to market your home that will result in putting the most cash in your pocket.

  • Professional Photographer – High quality photos showcases your home and sets your listing apart from the rest
  • Virtual Tour – Gives potental buyers get to view the entire home 24 hrs a day.
  • Home Warranty – Sell your home faster and for more money.
  • Online Marketing – optimising the listing to be seen by the most possible buyers
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Toronto Real Estate Terrible MLS Photo of the Day #12

Toronto Terrible MLS Photo of the day logo 

Yup, another addition of the Toronto Real Estate Terrible MLS Photo of the day.  Todays photo is really no photo at all.  I can’t believe how many times I look for listings and find “no photo available”.  The Toronto MLS allows for 1 main photo plus 8 additional photos of the property for a total of 9 photos.  I can understand the no photo on day one for the first couple of hours, beyond that I can’t.  Maybe home sellers are more forgiving, or maybe, just maybe they don’t know.  This image was pulled from a listing 13 days on the market.  I wonder how many showings it got?

Toronto Real Estate Terrible MLS photo of the day #12

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Featured Toronto Condos: 33 Sheppard Ave East.

33-sheppard-ave-e-condos

Welcome to Radiance @ Minto Gardens, a beautiful condo apartment building located at 33 Sheppard Ave East.  Directly across the street from the TTC’s Sheppard subway stop on the Yonge st. line.  With highway 401 just minutes south on Yonge Street this building offers excellent transportation downtown by subway or out of town on the highway.

Local Attractions.

The yonge and Sheppard area is full of Shopping directly across the street.  There are lots of restaurants within walking distance and there is a movie theatre just steps away.  There is Bayview Village shopping center a 5 minute drive away and Centerpoint Mall is 10 minutes north at Steeles.

Types of Condos

33 Sheppard Ave East features condo apartments including bachelors, 1 bedroom, 1 bedroom plus den, 2 bedrooms,  and 2 bedrooms plus den.  Some of the dens can be used as another bedroom.

Apartment Amenities

33 Sheppard Ave has some really great amenities that are found only in luxury Toronto Condos.  There is a 24 hour concierge and security system.  The gym features an indoor pool, exercise room, recreation room and sauna.  Some of the entertainment includes a cafe bar lounge, billiards lounge virtual golf and a bbq area.

Maintenance Fees

Maintenance fees cover heat, central air conditioning, parking, building insurance, common elements.  Not included are water, hydro cable and taxes.

Steven Campbell, Sales Representative
Forest Hill Real Estate Inc., Brokerage

Fill in the form below for a list of condos For Sale or Rent sent to your email.

Toronto Real Estate Statistics: TREB reports 800,000 square foot plus month

 March 11, 2008 — In February, TREB Members reported 844,348 square feet of space leased through the TorontoMLS system, Commercial Council Chair Garry Lander announced today. “This figure is up marginally over January’s 842,475 square foot total, and we should see those figures climb even higher as the IC&I Spring market gradually takes off.”Lease rates remained relatively unchanged from their year-ago levels, with Industrial space trading for $5.84 sfn and commercial space going for $15.23 sfn.

Sales Market Highlights

In February, TREB Members reported 63 sales of IC&I properties. Of these, 38 were Industrial properties of all size categories, which averaged $109.38 per square foot. This compares with a price of $72.57 per square foot derived from non-MLS sources.

Source: TREB (Toronto Real Estate Board)

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Toronto Real Estate Terrible MLS Photo of the Day #10

Terrible MLS photo of the day logo

Todays edition of the Toronto Real Estate Terrible mls photo of the day brings us to a scary question.  Did the REALTOR® who took the photo flush before taking the picture.  Also, does anyone want to play find the REALTOR®?

Terrible MLS Photo of the Day #10

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