“The GTA resale market is functioning properly.  Sales were high as buyers continued to take advantage of affordable home ownership opportunities.  Listings grew as home owners reacted to strong sales and price growth,” said Toronto Real Estate Board President Tom Lebour.  “More balanced market conditions will result in sustainable rates of annual price growth in the second half of 2010.

” The average price for April transactions was $437,600 – up 13 per cent compared to the average of $385,641 recorded in April 2009.

 ”Home sales continue to be driven by many different segments of the market, with sales growth for all major home types in both the City of Toronto and surrounding 905 regions,”  said Jason Mercer, TREB’s Senior Manager of Market Analysis.   ”Home sales will remain strong in the second half of 2010, but will slip from the current record pace as borrowing costs rise.”

Source: TREB (Toronto Real Estate Board)

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Welcome to  Alfred Ave.  A 4 bedroom home  Located in North York, near Sheppard Ave East and Willowdale Ave.  This home sits in the prestigeous Willowdale neighbourhood, it is close to the subway and is in the Earl Haig school district.  The basement features a seperate entrance with 2 possible rental units.

Features

Extensively Renovated 4 Br Family Home

Prestigious Willowdale Neighborhood.

New Laminate Floors Truout Main & 2nd Floor,

Fresh Paint Truout,

New Windows/Furnace/Central Air Conditioning/Electric Panel

New Waterproofed Basement

2 Laundry Rooms

New Appliances With 5 Year Warranty.

Close To Subway,

Earl Haig High School

3 Fridge (With 5 Years Warranty),

Stove,

Built in Dishwasher,

2 Washers,

2 Dryers (One Set Has 5 Yrs Warranty),

Microwave,

Garage Door Opener W/ 2 Remotes,

New Furnace (2008),

New Hot Water Tank (2008)

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Back in February I started working on this series to offer up a guide to Toronto Condos.  Hopefully you have been reading them along the way.  I have now published 10 featured articles.  Watch for upcoming features including Pemberton Ave, Beecroft Rd and Olive Ave.  On this site the series has been mostly focus on North York Condos in MLS district C14 and C07,  Starting next week I will be starting a new series on my other Blog called Featured Downtown Toronto Condos.

• 797 Don Mills Road 
• 28 Harrison Garden Blvd
• 33 Empress Ave.
• 1 Rean Dr.
• 33 Sheppard Ave East
• 10 NorthTown Way
• 17 Barberry Place
• 31 Bales Ave.
• 19 Avondale Ave.
• 60 Byng Ave.

Watch as this series gets more frequent, leave a comment if you would like to see a particular condo building featured.

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Sales volumes in the GTA decreased 18 per cent compared to the first half of October 2007, when 3,297 transactions were recorded and are down 10 per cent compared to the same period in 2006 when 3,007 sales took place.

In the City of Toronto 1,140 sales took place in the first half of this month. This represents a 21per cent decline from the 1,446 sales that took place in the same period a year ago and a 13 per cent decrease from the 1,312 transactions recorded in the first half of October 2006.

In the 905 Region there were 1,560 sales in the first two weeks of this month, a 16 per cent decrease from the 1,851 transactions that took place during the same timeframe in 2007 and down eight per cent from the 1,695 homes sold during the first half of October 2006.

House prices declined throughout the GTA during the first half of the month. The average priceof a GTA home is currently $353,772, down 11 per cent from $399,013 recorded the comparable period in 2007.

In the City of Toronto the current average price $375,804, a 15 per cent decrease from the $441,878 average recorded at mid-October 2007.

In the 905 Region the average price of a home is currently $337,671. This represents an eight per cent decline from the $365,527 average recorded during the first half of October 2007.

With 27,559 properties currently listed on the TorontoMLS system, there is now 30 per cent more available stock from which to choose as compared to a year ago when 21,182 homes were listed.

“More choice can mean slightly longer wait times for sellers whose homes are now on average, selling after 34 days on the market as compared to 29 days a year ago,” said Ms. O’Neill. “The list to sales ratio is 97 per cent of the list price.”

Increased sales activity was noted in specific pockets located throughout the GTA.

Sales in Oshawa (E16) increased 15 per cent compared to the first half of October 2007, based mainly on solid sales of detached homes.

In Brampton West (W24) sales in the first half of October increased 21 per cent compared to the same period a year ago mainly due to strong attached row house sales.

Downtown East (C08) experienced a 16 per cent overall increase in activity compared to mid-October 2007 primarily as a result of condominium apartment sales.

Newmarket saw a 17 per cent increase in sales compared to the first half of October 2007 as a result of strong condominium apartment and semi-detached home sales.

Previous news releases have incorporated 2006 comparisons. This was necessary in order to place the market statistics in a broader context. We will be referencing 2006 in its entirety at the end of the month when it will be more relevant.

“While we continue to watch the economic picture globally, it is the local real estate climate that will determine our market place,” said Ms. O’Neill. “After the 2007 record highs, 2008 is an encouraging market for buyers.”

Source: TREB (Toronto Real Estate Board)

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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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Really, somewhere deep in the forest there is a house, I promise. 

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It has been a little while since publishing a Terrible MLS photo of the day, I do plan on being more frequent with them because I have fun with them.  Feel free to e-mail your bad photos for inclusion in this series.

Todays bad photo is just wrong.  nothing says don’t buy me like a photo with the pets in it.  Not only do most buyers not want to buy a house that had pets, they certainly don’t want to see them.

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In April, the price for Industrial space (all size categories) declined six per cent to $5.43 sfn from last April’s figure of $5.76 sfn. Commercial space (all size categories) averaged $14.91 sfn, down nine per cent from last April’s $16.41 sfn.

Sales Market Highlights

In April, TREB Members recorded 58 sales of Industrial/Commercial Properties. Of these, 39 were industrial properties of all size categories, which transacted for an average of $87.04 per square foot. This compares to a figure of $101.59 per square foot from non-MLS® sources, which reported the sale of a number of unusually expensive Industrial properties in April.

Source: TREB (Toronto Real Estate Board)

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May 5, 2008 — With 8,762 houses sold in the Greater Toronto Area, April’s resale housing activity was down seven per cent from the record 9,452 transactions from the same timeframe a year ago, Toronto Real Estate Board President Maureen O’Neill announced today.

“The market is showing signs for a healthy 2008 compared to the diminished activity we saw in the first quarter of the year,” said Ms. O’Neill. “We continue to experience a supply and demand situation and to-date, it remains a sellers market.”

Sales activity however, was markedly different in the 416 and 905 regions. With 3,467 transactions in the City of Toronto, sales were down 10 per cent from a year ago. The 905 region was down five per cent from April 2007 sales, with 5,295 homes changing hands.

April’s GTA average price was $398,687, up eight per cent from the same period a year ago. In the City of Toronto, the average price was $446,781, up six per cent from last April. In the 905 region the average price increased five per cent compared to a year ago, to $367,196.

Several neighbourhoods experienced strong sales in April.

Scarborough East (E08) saw an eight per cent overall sales increase compared to April 2007, driven by robust detached home sales.

Caledon (W28) experienced a 15 per cent increase compared to the same timeframe a year ago as a result of strong condominium sales.

Condominium sales also drove Willowdale (C07) to a 32 per cent increase from a year ago.

In Thornhill sales increased eight per cent from last April due to strong detached home sales. “The number of listings on the Toronto Real Estate Board’s Multiple Listing Service has increased to 24,539, up seven per cent from a year ago, which is good for homebuyers, who will find a greater range of options in the market,” said Ms. O’Neill. “With prices continuing to appreciate and increased listing inventory there are favourable factors in today’s market for consumers.”

Source: TREB (Toronto Real Estate Board) 

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Wow,  I think there might be a back yard there somewhere.

If you have a terrible photo you think should be part of the series, feel free to contact me.

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