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April, 2018 Real Estate Market Stats

TORONTO, ONTARIO, May 3, 2018  "While average selling prices have not climbed back to last year's record peak, April's price level represents a substantial gain over the past decade. Recent polling conducted for TREB by Ipsos tells us that the great majority of buyers are purchasing a home within which to live. This means these buyers are treating home ownership as a long-term investment. A strong and diverse labour market and continued population growth based on immigration should continue to underpin long-term home price appreciation," said Mr. Syrianos. Full Report

Condo Report: Seller's Market Conditions Continue in Q4 2017

January 22, 2018 – Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 5,773 condominium apartment sales through TREB’s MLS® System in the fourth quarter of 2017. This result was down by 15.4 per cent compared to the last three months of 2016.

Over the same period, new condominium apartment listings were up by 9.8 per cent to 8,186. While sales were down relative to listings, market conditions still remained tight, with a sales-to-new listings ratio of 70 per cent. “Demand for condominium apartments remained strong relative to listings in the fourth quarter. Even with the uptick in listings, which was certainly welcome, there was enough competition between buyers to prompt double-digit annual rates of price growth. This points to the fact that we still do have a supply problem in the GTA that needs to be addressed to ensure the long term sustainability of the marketplace,” said Mr. Syrianos. Full Report

 

17 Vanwart Dr (Basement) 2 Bedrooms $1350 + Utilities

Renting Basement Only *Split Two Bedroom Layout *Suitable For Working Couple *Large Master Bedroom With Big Windows *Laminate And Ceramic Flooring *Newer Fridge & Stove *Lots Of Storage Space *Mirrored Closets *Fully Fenced *Huge Deck *One Driveway Parking Space *Side Separate Entrance* Shared Lawn Maintenance *Shovel Your Own Pathway And Driveway *Close To Scarborough Town Centre, Shopping, Parks, Ttc, Hospitals, Hwy 401..Everything!

LOOKING FOR A HOUSE OR CONDO?

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CONDOS FOR SALE

****Best Price In The Area****Upgraded Corner Unit Penthouse With Unobstructed Sunfilled South View Of Cn Tower,$$$ Spent On Upgrades.Appr. 900 Sqft! Beautiful New Custom Kit W/Marble Countertop,Marble Backsplash,Under Cabinet Lighting.Crown Mldng Thru-Out & 9' Smooth Ceiling Thru-Out.Upgraded Bathrooms W/Newer Vanities.Master Ens W/Mrbl Flr & Shower.Custom Drapery.Beautiful Light Fixtures. Flr Decking On Balcony.1 Parking & 1Locker.

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