Tag Archives: MLS

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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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 Board MLS Update: GTA Resale Housing Down but Healthy

March 5, 2008 — President Maureen O’Neill announced today, Toronto Real Estate Board Members recorded 6,015 resale home transactions last month, down 11 per cent in the Greater Toronto Area overall , 14 per cent in the City of Toronto and 9 per cent in the 905 suburbs compared to February 2007.

“To get an accurate perspective of current market conditions, a number of factors have to be considered,” said Ms. O’Neill. “With 18,018 properties available for sale, inventory has decreased seven per cent from last February.

“This indicates that despite moderate sales, there is not an over-supply of homes on the market. Generally, properties that are listed are selling fairly quickly and with a list to sale price ratio of 99 per cent, for the most part, sellers are realizing their asking price,” O’Neill added.

Despite the decrease in the number of sales from this time last year, there was positive news with respect to prices in February. At $382,048 in the Greater Toronto Area and $424,235 in the City of Toronto, the average price increased four and two per cent respectively compared to February 2007. As well, the time on market in February was 30 days compared to 35 days a year ago.

Despite the overall decline, some GTA neighbourhoods experienced strong sales in February.

In Pickering (E13) sales rose 28 per cent overall compared to a year ago due to a strong increase in condo townhouse and condo-apartment transactions.

Strong condo-apartment sales also drove transactions in Rexdale (W10) to an overall increase of 18 per cent compared to February 2007.

Richmond Hill North (N05) experienced a 19 per cent sales increase compared to a year ago primarily as a result of strong detached home transactions.

“All economic indicators are in place for an active year in the GTA, and as the weather improves sales are expected to increase as well,” said Ms. O’Neill.

Source:  TREB (Toronto Real Estate Board)

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Toronto Real Estate Terrible MLS Photo of the Day #8

terrible MLS photo of the day logo

Today’s terrible MLS photo is not so much a terrible photo, but a very bad photo because it was the only image used for a home valued at over $1,000,000.00.  I am sorry, but if you are listing a million dollar home, spend the little bit of money and have a professional real estate photographer shoot your photos for you.  I do it with $300,000.00 homes, why wouldn’t you do it with a million dollar MLS listing.

million dollar terrible mls photo of the day

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Toronto Real Estate Terrible MLS Photo of the Day #7

terrible mls photo of the day logo

Yes it is another edition of the Toronto Real Estate Terrible MLS Photo of the Day.  Usually I post this series on Tuesday’s and Friday’s.  Unfortunately I was busy on Tuesday this week so we are posting a day late.  This series has been popular with all readers so I have decided to keep my Tuesday and Friday schdule and I will post 2-3 more as time permits during the week, making it an almost daily feature here, so make sure you subscribe below.

Toronto MLS Terrible photo of the day #7

I am sure the view would look just as nice with the inside being bright.

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Toronto Real Estate Terrible MLS Photo of the Day #6

Terrible MLS photo of the day #6

Todays terrible MLS photo of the day is a photo of a plant.  Yes, it is a plant.  I think I will buy a house just to get a plant.  I think if you are going to publish a photo of a plant on the MLS, maybe it is time to consider hiring a professional photographer.

Toronto Real Estate Terrible MLS photo of the day #6

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Toronto Real Estate Board reports sales near 3,000 at mid-month

February 20, 2008 — Resale home transactions in the Greater Toronto Area declined in the first two weeks of February, Toronto Real Estate Board President Maureen O’Neill announced today.

The first half of the month yielded 2,775 transactions, down 14 per cent from the 3,240 sales recorded in the same timeframe last year. The moderation in sales was more pronounced within the City of Toronto–down 18 per cent to 1,066 from last February’s 1,308—than in the 905 suburbs, which saw transactions off 11 per cent.

“It’s important to recognize that the mid-month report provides an indication of market conditions based on a very brief period,” said Ms. O’Neill.

“However, we believe the harsh winter weather we’ve experienced in the early part of the month has had a negative impact on both sales and inventory levels. If you can’t get buyers out to your open house, then you are less inclined to list. And fewer listings means less appealing product for the potential home-buyer. It’s a compound effect.”

Although sales eased, several positive factors were also noted. At $385,735, the average price in the GTA rose seven per cent compared to $358,533 recorded in mid-February 2007. Within the City of Toronto, the average rose 11 per cent to $434,657, although pockets within the East end (Agincourt, for example) rose at the more affordable pace of around five per cent. As well, properties are remaining on the market fewer days.

The average number of days on market is currently 31 versus 35 days at the same time last year.

Furthermore, a few neighborhoods both within and outside of the 416 area code saw increased sales over the first half of February, 2007.

In Ajax (E14) sales were up 11 per cent compared to mid-February 2007, based mainly on an increase in detached home sales.

In the West region, the W3 (York South) district saw a 41 per cent increase in transactions, driven by strong sales of semi-detached homes.

Central Richmond Hill (N04) also experienced a notable increase in sales compared to the same timeframe last year. Transactions were up 21 per cent, primarily due to an increase in attached row sales.

“We are optimistic that we will see a strong spring market because the economic fundamentals remain in place,” said Ms. O’Neill. “Prices are still particularly affordable in Toronto’s East end.”

Source:  TREB (Toronto Real Estate Board)

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