Hi, it’s Thomas Cook from Toronto’s Real Estate Team at RE/MAX Hallmark and here is our April 2012 Toronto real estate market report.

April’s average sale price again hit an all-time record high and the listing inventory is lower than historic levels.

April MLS sales totalled 10,350 houses and condominiums in all the districts. This sales number was up almost 18% from one year ago and just over 19% above the average for April since the year 2000.

28% of the market sales were condo townhouses and high-rise suites with 2,943 units changing hands during the month.

The April average sale price came in at $517,556 – up 8.4% from one year ago.

East of Yonge and south of Bloor in the C08 downtown TREB district, the condo sales price average stayed flat at $398,672 while west of Yonge in C01 the average increased to $425,604. I’ll give you more condo market details in just a few minutes.

Watch our complete April Toronto Real Estate Market by clicking on the video icon below…

Market Hits New High For Average Sale Price – Year-Over-Year Increase Drops is a post from: Toronto Real Estate | Toronto MLS Listings | Toronto Homes For Sale

March MLS sales totalled 9,690 houses and condominiums in all the districts.  This sales number was up almost 8% from one year ago but up almost 18% above the average for March since the year 2000.

Just under one-third of the market sales were condo townhouses and high-rise suites with 2,933 units changing hands during the month.

The March average sale price came in at $504,117 – up 10.5% from one year ago.

East of Yonge and south of Bloor in the C08 downtown TREB district, the condo sales price average dropped to $397,870 while west of Yonge in C01 the average was down $10,000 to $417,000.  I’ll give you more condo market details in just a few minutes.

Click on the video below to watch the entire March Toronto Real Estate Market Report.

Here’s the text version to read.

Is The Market Hitting The Top? is a post from: Toronto Real Estate | Toronto MLS Listings | Toronto Homes For Sale

February MLS sales totalled 7,032 houses and condominiums in all the districts. This sales number was up 12.3% from one year ago and was 12.5% above the average for Februarys since the year 2000.

31.1% of the market sales were condo townhouses and high-rise suites with 2,187 units changing hands during the month.

The February average sale price came in at $502,508 – up 10.6% from one year ago.

East of Yonge and south of Bloor in the C08 downtown TREB district, the condo sales price average was $405,000 while west of Yonge in C01 the average was $426,700.

Click on the video below to watch the entire February Toronto Real Estate Market Report.

Here’s the text version to read.

Toronto Real Estate Does It Again – Another Record Month is a post from: Toronto Real Estate | Toronto MLS Listings | Toronto Homes For Sale

January MLS sales totalled 4,718 houses and condominiums in all the districts.  This sales number was up 5.3% from one year ago and was about average for Januarys since the year 2000.

32.6% of the market sales were condo townhouses and high-rise suites with 1,489 units changing hands during the month.

The January average sale price came in at $463,534 – up 8.5% from one year ago.

Click on the video below to watch the entire January Toronto Real Estate Market Report.

Toronto’s Real Estate Market Continues Strong Due To Low Inventory And No Snow ! 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

The Toronto Real Estate Board has released its June 2011 Market Report, reporting that 10,230 homes were sold in the Greater Toronto Area during the month, which is an increase of 21% over June 2010 – the third best June on record, after 2007 and 2009.

The Toronto Real Estate Board says sales jumped 21% in June.

“The strong June result capped off an interesting first half of 2011,” said the Toronto Real Estate Board’s president, Richard Silver. “The pace of sales was a bit sluggish at the beginning of the year, but rebounded in May and June. Because of the positive affordability picture, home buyers remained confident in their ability to purchase and pay for a home over the long term.”

Listings dropped this year, which the Toronto Real Estate Board says is lessening the amount of potential Toronto real estate purchases.

“While sales have been strong, we would be on track for a record number of transactions in 2011 if not for the decline in listings so far this year,” said Jason Mercer, the Toronto Real Estate Board’s senior manager of market analysis. “Tight supply meant more competition between home buyers and an accelerating annual rate of price growth in the second quarter. Home owners will likely react to the strong price growth by listing their homes in greater numbers. A better supplied market would result in more moderate price increases,” he said.

The Toronto Real Estate Board says that 4,899 detached homes in the city were sold in June 2011, with a median price of $502,000. The next highest-selling property type was condominium apartments with 2,480 sold at a median price of $308,450.

For the full Toronto Real Estate Board report, click here.

Toronto Real Estate Sales Up In June 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

The Toronto real estate house and condominium market this spring is looking a lot like last year with near record sales, low house and condo inventories and imminent interest rate increases predicted for this summer and beyond.

Last year, sellers finally realized by early May that they could get a good price for their homes and decided to list them all at once.  Inventory jumped almost 15% in one month and the average sale price peaked for the year.  After the dust settled, thru a busy June, the Bank of Canada raised their rates and the market slowed down.

This year in the GTA, listings of houses and condos are lower than they’ve been since before 2000 and so far there’s no indication that move-up sellers are going to jump into the market.

To get the full market scoop, click on our March Toronto Real Estate Market Report video below.

We’ve included the entire RE/MAX Ontario First Buyer’s Report for you to download and read compliments of Toronto’s Real Estate Team… please enjoy!

Will The Spring Real Estate Market In Toronto Peak In April Or May? is a post from: Toronto Real Estate | Toronto MLS Listings | Toronto Homes For Sale

Toronto Real Estate – Market Firms Up in November

Well, the fall market is now over and we’re into the traditional Christmas-New Years slow period.

Although the last half of the year has been slower than the first, 2010 overall has been excellent.  By the end of December we should be very close to the record MLS sales attained during the 2009 calendar year.

I think most professional real estate agents are actually glad it’s slowed down somewhat in the July to December period this year.

When the market is crazy like it was in the first 5-6 months, it’s very frustrating for our buyer clients.  They fall in love with a home, put an offer in but don’t get it.  Then they have to repeat that scenario perhaps four or five times before they get lucky and win the ‘home’ lottery.

Everyone’s hoping that 2011 keeps an even keel with moderate sales price appreciation and very little multiple offer foolishness going on.

Watch November’s Toronto Real Estate Market Report and learn what happened and what to expect going into 2011!

Toronto’s Real Estate Market Firms Up In November is a post from: Toronto Real Estate | Toronto MLS Listings | Toronto Homes For Sale