Posted by: torontocondo | May 11, 2016

Toronto Housing Sales Hit Record,Home Prices Soar In April

Distillery District Condos

Distillery District Condos

 

Toronto- The Toronto Real Estate Board says Home sales hit a record for April with prices higher compared to last year.

The Toronto Board says Home sales totaled 12,085 for April, up 7.4% compared to the same month last year.

The average resale Toronto Home Price(All types) was $739,082, increasing 16.2% year over year.

Competition between Toronto Home buyers remains very competitive due to a lack of new listing and the ever-increasing average resale Home price.

Active Toronto MLS Listings were down -26.9% and new Toronto MLS listings dropped -9.9% compared to April 2015.

Pictured Above: Distillery District Condos For Sale

Iris Li is a Toronto Condos Realtor specializing in both new and resale Toronto Downtown Condominiums. and Toronto Homes for sale.

Call/Text Today!

www.BuySellTorontoRealEstate.com

 

Posted by: torontocondo | May 4, 2016

Toronto Downtown Condos Average April Price Increases

Burano Condos For Sale downtown Toronto.

Burano Condos For Sale downtown Toronto.

Toronto Downtown Condos Average Price Increases April 2016

The spring Toronto Condo Market is heading for another record-breaking year for 2016.

Positive results for both Toronto Condos and Toronto Homes for sale have seen both average prices and sales increase, even without fewer MLS listings, over the last several months.

The average price for all Toronto Condos in the 416 area was $436,545 for April 2016.

In the Toronto Downtown area (C01) Condos sold for an average price of $487,778, up 4.95% from a year ago.

Not to be outdone, Toronto Condos in the (C08) Toronto district sold on average for $460,817, up 2.28% this April.

In some popular Toronto Downtown Condo locations bidding wars have taken place when there are simply more Toronto Condo Buyers than Condominiums for sale.

Even bidding wars are seen for choice Toronto Condos for rent as well.

As a result the Toronto Condo Market is staying healthy and resilient overcoming any small talk of a forthcoming housing bubble.

Iris Li is a Toronto Condos Realtor specializing in both new and resale Toronto Downtown Condominiums. and Toronto Homes for sale.

Call/Text Today!

www.BuySellTorontoRealEstate.com

Posted by: torontocondo | April 18, 2016

Toronto Downtown Condos Increase In Average Price March 2016

U Condos Bay Street

U Condos Bay Street

Toronto Downtown Condos Average Price Increase March 2016

The spring Toronto Condo Market is heading for another positive year for 2016.

Positive results for both Toronto Condos and Toronto Homes for sale have seen both average prices and sales increase over the last several months.

The average price for all Toronto Condos in the 416 area was $416,251 this March.

In the Toronto Downtown area (C01) Condos sold for an average price of $471,359, up 7.93% from a year ago.

Not to be outdone Condos in the (C08) Toronto district sold on average for $462,015, up 2.44% this March.

In some popular Toronto Downtown Condo locations bidding wars have taken place when there are simply more Toronto Condo Buyers than Condominiums for sale.

Even bidding wars are seen for choice Toronto Condos for rent as well.

As a result the Toronto Condo Market is staying healthy and resilient overcoming any small talk of a forthcoming housing bubble.

Iris Li is a Toronto Condos Realtor specializing in both new and resale Toronto Downtown Condominiums. and Toronto Homes for sale.

Call Today!

Related:

U Condos Bay Street Sale/Rent

www.BuySellTorontoRealEstate.com

Posted by: torontocondo | April 8, 2016

Toronto Condo And Home Sales/Average Price March 2016

Chaz Condos For Sale/Rent

Chaz Condos For Sale/Rent 45 Charles Street Toronto.

Chaz3hang

Toronto Home And Condo  Sales, Average Price March Results

There were 1,808 Toronto Condos sold, with an average price of $416,251 for these Toronto Condominiums, many in the downtown area.

  • Toronto Detached Homes average price increased 12.4% to $1,174,358.
  • Toronto Semi-Detached Homes,the average price increase $817,611 up 12.9%.
  • Toronto Townhomes  the average price up 13.9% to $623,534.
  • Toronto Condo apartments , the average price $416,251, up 4.3%

Toronto home-buyers are competing for even fewer Detached Homes for sale resulting in rising average Home prices.

The average price for a Toronto Detached Home in March, was $1,174,358 up 12.4% from a year ago.

Iris Li is a Toronto Condos Realtor specializing in both new and resale  Toronto Yorkville Condos For Sale and Toronto Homes for sale.

Pictured Above: Chaz Condos 45 Charles East For Sale/Rent

Related Toronto Condo Blog Posts:

Toronto Condo And Toronto Home Average Price March 2016

Toronto Downtown Condos Average Price March 2016

Toronto Condos

Five St Joseph Condos

 

Vancouver has reached the almost impossible level for single-detached Home ownership and Toronto is not far behind.

Across Canada Homes were still affordable in the fourth quarter of 2015 according to RBC Economics Research.

Soaring Home prices in Vancouver and Toronto are making these two cities unaffordable  for many Home buyers.

Toronto home-buyers are competing for even fewer Detached Homes for sale resulting in rising average Home prices.

The average price for a Toronto Detached Home in February, was $1,211,459 up 16.3% from a year ago.

Purchasing a Toronto Condo is now the only realistic and affordable option for many first-tine Home buyers.

Pictured Above: 5 St Joseph Street Condos For Sale/Rent

 

Iris Li is a Toronto Condos Realtor specializing in both new and resale  Toronto Yorkville Condos For Sale and Toronto Homes for sale.

 

Posted by: torontocondo | March 5, 2016

Toronto Home And Condos Average Price/Sales February 2016

5 St Joseph Condos

Five St Joseph Condos For Sale/Rent

Toronto Home And Condo  Sales, Average Price February Results

There were 1,439 Toronto Condos sold, with an average price of $435,579 for these Toronto Condominiums, many in the downtown area.

  • Toronto Detached Homes sales increased 11.8%, the average price increased 20.7% to $1,211,459.
  • Toronto Semi-Detached Homes sales up 21.9%, the average price increase $848,835 up 20.7%.
  • Toronto Townhomes sales up 11.0%, the average price up 13.9% to $578,667.
  • Toronto Condo apartments sales up 25.6% , the average price $435,579, up 17.8%

Toronto home-buyers are competing for even fewer Detached Homes for sale resulting in rising average Home prices.

The average price for a Toronto Detached Home in February, was $1,211,459 up 16.3% from a year ago.

Iris Li is a Toronto Condos Realtor specializing in both new and resale  Toronto Yorkville Condos For Sale and Toronto Homes for sale.

Pictured Above: 5 St Joseph Street Condos For Sale/Rent

Related Toronto Condo Blog Posts:

Toronto Condo And Toronto Home Average Price February 2016

Toronto Downtown Condos Average Price February 2016

Posted by: torontocondo | February 17, 2016

Vancouver Home Sales Drive Canadian Real Estate Prices Higher

Vancouver Home sales are driving the average Canadian Home price even higher as prices soar 17%.

The average Home sale price in Vancouver in the month of January was $1.1 million, up 32.3 per cent year-over-year.

Toronto was keeping up as well with the average Toronto Home price coming in at $631,092, up 14.2%

New Federal mortgage regulations in effect Mid-February will require larger down payments on Homes that cost between $500,000 and $1 million.

Both Toronto downtown Condos and Toronto Homes all increased in average price in the month of January.

Iris Li is a Toronto Condos Realtor specializing in both new and resale  Toronto Yorkville Condos For Sale and Toronto Homes for sale.

See Below:

Toronto Downtown Condos Average Price January 2016

Toronto Condo And Toronto Home Average Price January

Posted by: torontocondo | February 5, 2016

Toronto Condo And Toronto Home Average Price January

Emerald Park Condos For Sale

Emerald Park Condos For Sale

Toronto Home And Condo  Sales, Average Price January Results

There were 897 Toronto Condos sold, with an average price of $416,104 for these Toronto Condominiums, many in the downtown area.

  • Toronto Detached Homes sales increased 11.2%, the average price increased 11.6% to $1,061,789.
  • Toronto Semi-Detached Homes sales down -3.2%, the average price increase $713,972 up 7.3%.
  • Toronto Townhomes sales up 14.7%, the average price up 1.3% to $519,732.
  • Toronto Condo apartments sales up 11.6% , the average price $416,104, up 8.6%

Toronto home-buyers are competing for even fewer Detached Homes for sale resulting in rising average Home prices.

The average price for a Toronto Detached Home in January, was $1,061,789 up 11.6% from a year ago.

Iris Li is a Toronto Condos Realtor specializing in both new and resale  Toronto Yorkville Condos For Sale and Toronto Homes for sale.

Pictured Above: Emerald Park Condos for sale/rent.

Related Toronto Condo Blog Posts:

Toronto Downtown Condos Average Price January 2016

Posted by: torontocondo | February 1, 2016

Toronto King West Condos Very Popular 2016

King West Condos For Sale Toronto

King West Condos For Sale Toronto

Showing a client some of these demand Toronto Condos in the King Street West area. In fact one of these Condos had three offers registered on the Saturday with final offers to be presented the following Tuesday.

The Toronto Real Estate Market is Hot!! Both for Toronto Condos and for single detached Toronto Homes.

We made appointments for several Home listings a week in advance and had to cancel showing because they were all sold or had many offers already!

It appears the 2016 Toronto Real Estate Market is starting the New Year just where it left off in 2015!

Iris Li is a Toronto Condos Realtor specializing in both new and resale Toronto Downtown Condominiums. and Toronto Homes for sale.

Pictured Above: King Street West Condos Toronto For Sale

Related:

Toronto Downtown Condos Average Price November 2015

 

 

Posted by: torontocondo | January 19, 2016

Record Toronto Home Sales In 2016-Real Estate Board

Emerald Park Condos For Sale

Emerald Park Condos For Sale

The Toronto Real Estate Board (TREB) is forecasting record Home sales and record Home prices in 2016.

TREB estimates that Toronto Realtors will sell between 95,500 and 105,000 residential Homes this year, close to the record high of 101,229 Home transactions in 2015.

The average Toronto Home selling price is expected to be between $655,000 and $665,000 in 2016.

The sales and average Toronto Home prices will be a result of low borrowing cost continuing and most important more available Home listings.

Iris Li is a Toronto Condos Realtor specializing in both new and resale Toronto Downtown Condominiums. and Toronto Homes for sale.

Pictured Above: Emerald Park Condos for sale/rent.

Related:

Toronto Downtown Condos Average Price November 2015

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