December MLS sales totalled 4,718 houses and condominiums in all the districts.  This sales number was up 7.3% from one year ago and came in as the 3^rd best December in TREB history.

36.2% of the market sales were condo townhouses and high-rise suites with 1,710 units changing hands during the month.

Sales for this year totalled 89,347 homes That made 2011 the 2^nd best year for sales in the Toronto Real Estate Board’s history after 2007.

The December average sale price came in at $451,436 – up 4% from one year ago. The average for the year was $465,412,  up 7.9% from 2010.

East of Yonge and south of Bloor in the C08 downtown TREB district, the condo sales price average was $412,843 while west of Yonge in C01 the average was $409,572.

Watch the video below for the full report.

Toronto Hits Number Two For Real Estate Sales in 2011 is a post from: Toronto Real Estate | Toronto MLS Listings | Toronto Homes For Sale

November MLS sales totalled 7,092 houses and condominiums in all the districts.  This sales number was barely changed from October and came in as the 3rd best November in TREB history.

Sales for the first eleven months of this year totalled just over 87,000 homes… on track to have an annual sales result of over 91,000.  That would make 2011 clearly the 2nd best year for sales in the Toronto Real Estate Board’s history after 2007.

Take a look at the November Toronto real estate market report and see what’s happening in our local real estate market!

Toronto Home Sales Expected To Be Second Best Ever is a post from: Toronto Real Estate | Toronto MLS Listings | Toronto Homes For Sale

If you look back to news reports and at certain blog commentators from one year ago, all was doom and gloom.  Prices were going to fall, people who bought real estate were foolish and renting was the absolute smart thing to do.

Unfortunately for all those who took that advice, it hasn’t worked out that way!  Prices are up, inventory is low and, although thankfully not as crazy as it was in the spring, the market is still busy as we approach the Christmas holiday season.

On average somone who continued renting for the past year would have missed gaining approximately $32,000 in property appreciation – not too shabby considering most people only save $4,000 to $10,000 annually if they’re a tenant.

Take a look at the October Toronto real estate market report and see what’s happening in our local real estate market!

October Toronto Real Estate Sales Continue To Post Price Increases is a post from: Toronto Real Estate | Toronto MLS Listings | Toronto Homes For Sale

Hi, it’s Thomas Cook from Toronto’s Real Estate Team at RE/MAX Hallmark and here is our September 2011 Toronto real estate market report.

September’s average sale price was up substantially compared to one year ago but the listing inventory was lower.

We’re going to talk about what’s normal and what’s abnormal in the September market as we go thru this month’s report.
 
So let’s look at the September Toronto Real Estate Board statistics.

Toronto Real Estate Market Continues To Roll – September Was 2nd Best Ever is a post from: Toronto Real Estate | Toronto MLS Listings | Toronto Homes For Sale

Hi, I’m Thomas Cook from Toronto’s Real Estate Team at RE/MAX Hallmark and here is our July 2011 Toronto real estate market report.

July’s average sale price was up compared to one year ago but the listing inventory was lower.

We’re going to talk about the effect of a drop in the ratio of sales-so-listings (or as they say in Miami – the percent chance of selling) on the marketplace as we go thru this month’s report.

The press always seems to talk about “affordability” as if buyers are in danger of getting themselves in over their heads in terms of mortgage debt.   We’re going to discuss that and show you two interesting graphs in this month’s market analysis.

Grab a coffee and watch this month’s video analysis of the Toronto house and condo market.

July 2011 Toronto Real Estate Market Video Analysis Now Ready is a post from: Toronto Real Estate | Toronto MLS Listings | Toronto Homes For Sale

Hi, it’s Thomas Cook from Toronto’s Real Estate Team at RE/MAX Hallmark and here is our June 2011 Toronto real estate market analysis.

June was another stellar month for sales as you’ll soon hear and again the number of houses and condos on the market was the lowest in the past 12 years.

We’re going to talk about the effect of that low inventory on the marketplace as we go thru this month’s report.

Here’s Your Video Analysis Of The June Toronto Real Estate Market is a post from: Toronto Real Estate | Toronto MLS Listings | Toronto Homes For Sale

Photos and video displayed on that listing play an important part in how excited a buyer might get when they view them and how keen they are to go and view the property in person!

One of the problems with the Toronto Real Estate Board system in the past was the restriction on only being allowed to show nine photos of a listing.

Now Our Team Can Promote Our Listings In Several More Ways

Even with small condos or 2-bedroom houses I often have as many as 12-15 photos and sometimes as many as 20-25 that I could display if given the chance.

With the new system just implemented by the Board, I can now link the listing on the public site, Realtor.ca, to all XX photos I have of the house and neighbourhood or the condo suite and building amenities. 

I can also display the full-colour 6-page feature sheet we create for each of our listings AND link to the video we do with our high-definition camera with wide-angle lens PLUS connect to the floor plans for each level of the home.

Many agents who either take zero or a few poor photos only will find that they’re even less likely to be providing their seller clients with the high quality marketing that’s needed in today’s competitive real estate market.

Click on the links to see how Toronto’s Real Estate Team – Thomas & Sally Cook PLUS markets our  house listings and our condo listings.

New Toronto Real Estate Board Options Allow Technology Minded Agents To Market Their Listings More Effectively is a post from: Toronto Real Estate | Toronto MLS Listings | Toronto Homes For Sale

Many questions have been raised about the status of the downtown Toronto condo market and how sustainable it is.

In this multi-part series entitled “Status Of Downtown Toronto’s Condo Market“, you’ll get the facts about what’s happening now and what’s expected to happen in the next few years. 

There are some surprises along with positives and negatives to the market so be sure to watch all parts of the series.

Part 1 of the Status Of The Toronto Condo Market Video

Comprehensive Analysis Of The Downtown Toronto Condo Market Is A ‘Must Watch’ is a post from: Toronto Real Estate | Toronto MLS Listings | Toronto Homes For Sale

Toronto real estate market predictions are often based on what the mortgage lending rates are.  With the latest Bank Of Canada news, and a recent drop in 5-year fixed rate mortgages, it seems that we’re in for a busy rest of 2011.

The TD Economics Report now predicts that the Bank Of Canada rate will probably not move until at least the beginning of 2012 and won’t move much even then.  This means that low mortgage rates will continue to help houses and condos be more affordable going into the next 6-12 months.

The Toronto Real Estate Market Video Report for May goes into some detail on what happened during the month and how that will impact our market going forward.

TD Economics Predicts Rate Will Remain Stable Into 2012 is a post from: Toronto Real Estate | Toronto MLS Listings | Toronto Homes For Sale

Lease transactions for condominium apartments and town homes increased by 18 per cent from 4,319 to 5,079 from January 2011 to April 2011 over the same time period last year, according to the Toronto Real Estate Board (TREB). There were also 9,374 rental units listed on the Toronto MLS Listings, an increase of 10 per cent.

Condominium apartment leases are on the rise according to the Toronto Real Estate Board.

These numbers mean that there is an increase in the number of condominiums being completed because investors are more likely to rent their units.

Demand seems to be increasing faster than supply, making rental market conditions a bit tighter. A one-bedroom apartment rented for 1.5 per cent higher than last year, at $1,485. Two-bedrooms were up 2.5 per cent to $1,958 when compared to the first quarter of 2011.

In the Toronto Real Estate Board’s central districts, 1,166 two-bedroom apartment and 1,846 one-bedroom apartment lease transactions were reported. One-bedroom apartments were leased for an average of $1,547 and two-bedroom apartments for $2,188, and increase year-over-year of 1.2 per cent and 1.9 per cent, respectively.

To see the TREB’s numbers for the East, West and North Area, read the full report available here:

http://www.torontorealestate.ca/agent_files/pdffiles/TREB-RentalMarketReport-Jan-April2011.pdf

First Quarter 2011 Toronto Real Estate Rental Figures is a post from: Toronto Real Estate | Toronto MLS Listings | Toronto Homes For Sale