June 4, 2008 — The Greater Toronto Area resale housing market recorded 9,411 transactions in May, Toronto Real Estate Board President Maureen O’Neill announced today.
On a year-over-year basis the GTA average price increased four per cent to $398,148 in May from the May 2007 average of $382,787. Prices increased three per cent in the City of Toronto to $434,271 from $422,163 during the same period a year ago, while in the 905 Region there was a five per cent increase to $374,629 from $355,341 last May.
“Price gains show that real estate continues to be a solid investment for the consumer,” said Ms. O’Neill. “We are confident about the market because employment in the GTA continues to be strong and interest rates remain low. As long as consumers have the financial resources to buy homes and a variety of choices to manage carrying costs, the market should remain stable.”
“May’s sales figures represent a 16 per cent decline in the GTA from the record month a year ago when 11,146 sales were recorded,” said Ms. O’Neill. “More than 9,000 properties changing hands still represents considerable market activity.”
In the City of Toronto, there were 3,711 sales, down 19 per cent from last May’s 4,578 sales and down 6 per cent from May 2006. In the 905 Region, 5,700 transactions were recorded, which represents a 13 per cent decline from the 6,568 sales during the same period a year ago but up 4 per cent from May 2006.
“The Toronto Land Transfer Tax has been in effect for four months and the decline in sales has been running for the same time period,” said Ms. O’Neill. “We’re keeping a close watch on the effect of this new tax.”
Two specific areas North of Toronto experienced increased sales activity in May. In Uxbridge (N16) sales were up 10 per cent, while Stouffville (N12) saw a 12 per cent increase in sales, driven mainly by detached home transactions.
Source: TREB (Toronto Real Estate Board)
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Below are some Charts and Graphs looking at the Toronto Real Estate Boards statistics for the month of April 2008 using information taken from the MLS and include all Toronto Districts. Within the next few days we will look at statistics for North York Condos in district C14 and some stats for the Condos on Harrison Garden Blvd.
April Number of Units Sold
There were 9393 units sold in April, up over 2000 units over March’s total
April Average Days on Market
April’s average days on market was 27.94, Down 2 days on average from March
April Sold to Asking Price Ratio
On average properties in Toronto sold for 98.52% of the Asking Price, the average is up marginally from March’s 98.34%.
April Average Selling Price
The average selling price for real estate in Toronto jumped almost $21,000 in April to $404,614.
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Last week was the first week that I published available inventory for Toronto’s North York Condos for sale. I do plan on continuing the series since is was well recieved. It will be moved to the Listings page and will be updated weekly. The series will be updated on Thursdays or Fridays.
If you want to recieve current Toronto Condos for Sale updates by RRS feed or by e-mail, you will need to subscribe on the listings page as it has a different feed than the Main page feed.
This site is regularly updated. You can have all updates sent straight to your inbox. Subscribe to East Toronto Real Estate Blog by Email today. Once you enter your e-mail address, you will be sent a confirmation e-mail. You will need to click the link in the e-mail to confirm you subscription.
Today I am playing around with a new feature to make the East Toronto Real Estate Blog a little more fun. I have added seesmic.com video to the blog and comments section. You will be able to choose if you want to leave a text or video comment in reply to any new post since I have turned the comments off all prior articles. As a mini bonus if you have your own website I have also added the “Do Follow” tag. Thanks to Dustin Luther at the Rain City Guide and 4realz for introducing me to the seesmic site.
I don’t have a set plan on how often I will post video but as I get more comfortable with it I am sure they will be more frequent.
This site is regularly updated. You can have all updates sent straight to your inbox. Subscribe to East Toronto Real Estate Blog by Email today. Once you enter your e-mail address, you will be sent a confirmation e-mail. You will need to click the link in the e-mail to confirm you subscription.
Below is a list of the current available Condos for sale in Toronto’s North York at Yonge St and Sheppard area as of May 22nd, 08. Please fill in the form below for a price list with pictures. The Buildings included in this list are 16, 18, 28, 30, 51, 55, 78 and 80 Harrison Garden Blvd., 33 Sheppard Ave East and 31, 35 Bales Ave.
Harrison Garden Blvd Condos For Sale
16 - 4 units availavle
3 1 bedroom with 1 washroom
1 2 bedroom with 2 washrooms
18 - 3 Units Available
1 1 bedroom with 1 washroom
1 1 bedroom plus den with 1 washroom
1 2 bedrooms plus den with 2 washroom
28 - 9 Units Available
1 - 1 bedroom with 1 washroom
2 - 1 bedroom plus den with 1 washroom
5 - 2 bedrooms and 2 washrooms
1 - 3 bedrooms 2 washrooms penthouse
30 - 3 Units Available
1 - 1 bedroom with 1 washroom
1 - 1 bedroom plus den with 1 washroom
1 - 2 bedrooms with 2 washrooms
51 - 2 Units Available
1 - 1 bedroom with 1 washroom (penthouse)
1 - 2 bedrooms with 2 washrooms
55 - 1 Unit Available
1 - 2 bedroom with 2 washrooms
78 - 11 Units Available
1 - 1 bedroom with 1 washroom
2 - 1 bedroom plus den with 1 washroom
7 - 2 bedroom plus 2 washrooms
1 - 2 bedroom plus den and 2 washrooms
80 - 9 Units Available
4 - 1 bedroom plus den with 1 washroom
1 - 1 bedroom plus den with 2 washroom
1 - 2 bedroom with 2 wahsroom
3 - 2 bedrooms plus den with 2 washrooms
1 - 2 bedrooms plus den with 3 washrooms
Sheppard Ave East Condos for Sale
33 - 5 Units Avaible
1 -1 bedroom plus 1 washroom
1 - 1 bedroom plus den and 1
3 - 2 Bedrooms and 2 washrooms
Bales Ave. Condos for Sale
31 - 5 Units Available
2 - 1 bedroom and 1 washroom
1 - 2 bedrooms and 1 washroom
1 - 2 bedrooms plus den and 2 washrooms
1 - 3 bedrooms and 2 washrooms
35 - 1 Unit Available
1- 2 bedrooms and 1 washroom
This site is regularly updated. You can have all updates sent straight to your inbox. Subscribe to East Toronto Real Estate Blog by Email today. Once you enter your e-mail address, you will be sent a confirmation e-mail. You will need to click the link in the e-mail to confirm you subscription.
