Thursday, November 21, 2019

Outstanding Wexford Value

Thousands Spent On Upgrades! Updated Kitchen W/Granite Counters & Ss Appliances, Fabulous French Door W/O To Enormous Deck (20X26Ft) Backing Onto Greenspace. Exotic Hardwood Floors, Pot Lights Throughout, Finished Basement W/ Newer 3Pce Bath & Heated Floors, Freshly Painted, Neutral In Decor. Terrific Flow!!! Private West Facing Fully Fenced Backyard Perfect For Entertaining. Not To Be Missed!!!

Thursday, November 14, 2019

Spectacular Value In Bayview Village

Over 7100 Sq Ft Of Land. Bright & Spacious 3 Bdrm Bungalow With Many Updates Including Windows, Doors, Shingles Furnace & Ac. Recently Painted, Hardwood Floors Throughout. Double Car Garage. Perfect For Investor, Builder Or End User. Awaits Your Decorator's Touch!!! Steps To Parks,Trails, Shopping & Ttc. Walking Distance To Subway. Earl Haig School Zone

Superb Bayview Village Home

4,350 Sq Ft Of Luxurious Space, Spacious Gourmet Kitchen With Centre Island/Ceramic Floors,Large Breakfast Area Overlooking Sunny Garden, Short Walk To Bessarion Subway,Earl Haig District, Landlord Would Like To Meet The Tenant Prior To Acceptance Of An Offer To Lease!

Wednesday, November 13, 2019

TREB MLS Average Resale Home Price - October 2019

TREB MLS Sales-To-New Listings Ratio - October 2019

TREB MLS New Listings - October 2019


TORONTO, November 5, 2019 - Toronto Real Estate Board President Michael Collins
announced that Greater Toronto Area REALTORS® reported 8,491 residential sales
through TREB’s MLS® System in October 2019. This result represented a 14 per cent
increase compared to 7,448 sales reported in October 2018. GTA-wide, sales were up on a year-over-year basis for all major home types. “A strong regional economy obviously fuels population growth. All of these new households need a place to live and many have the goal of purchasing a home. The
problem is that the supply of available listings is actually dropping, resulting in tighter
market conditions and accelerating price growth,” said Mr. Collins.
“During the recent federal election, some parties committed to more flexibility on the mortgage lending front, including the reintroduction of a 30-year amortization period for insured mortgages and more flexibility in the application of the OSFI mortgage stress test. These and other housing-related policy options should be brought forth in the new minority parliament,” continued Mr. Collins. The trend of annual growth in sales versus annual decline in new listings continued in October 2019, with new listings down by 9.6 per cent compared to October 2018. The resulting tighter market conditions compared to a year ago resulted in positive annual rates of price growth across all major market segments, from a GTA-wide perspective. “All levels of government affecting the GTA plus many international organizations have recognized that we continue to face a supply issue in our region for all types of housing.
TREB looks forward to continuing its work with policy makers at all levels to bring more
supply online, which will help ensure a sustainable pace of price and rent growth over the longer term,” said TREB CEO John Di Michele.
The MLS® Home Price Index Composite Benchmark was up by 5.8 per cent on a year over- year basis in October 2019 – the strongest annual rate of growth since December 2017. The average selling price for all home types combined was up by 5.5 per cent to $852,142, compared to $807,538 in October 2018.
“As market conditions in the GTA have steadily tightened throughout 2019, we have seen an acceleration in the annual rate of price growth. While the current pace of price growth remains moderate, we will likely see stronger price growth moving forward if sales growth continues to outpace listings growth, leading to more competition between home buyers,” said Jason Mercer, TREB’s Chief Market Analyst.

TREB MLS Sales - October 2019