Archive for Toronto MLS Condo Market Trends & Stats
Toronto Condo Stats For April 2012 From The Toronto Real Estate Board
With its monthly market report, the Toronto Real Estate Board brings us plenty of new Toronto condo sales stats. While single-detached homes saw the strongest sales growth in April (an increase of 22 per cent year-over-year), condominium sales also increased year over year in both the 905 and 416 area codes. In the 416 area [...]
Market Hits New High For Average Sale Price – Year-Over-Year Increase Drops
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 [...]
Toronto Real Estate Board Releases Q1 Condo Report
The Toronto Real Estate Board has released its Toronto condo sales report for the first quarter of 2012. According to the report, 5,027 condo apartment transactions took place through the Toronto MLS Listings during the first quarter of 2012, which is a two per cent increase over last year’s first quarter. In addition, new condo [...]
Restrict Foreign Buyers In Toronto – Finally Someone Got It Right !!
We’ve all seen the condo cranes on Toronto’s skyline and everywhere you drive in downtown Toronto you come across new development sites and sales centres. You might be asking yourself… are there that many people moving into central Toronto? The trend we’ve seen for condo builders over the last 8-12 months is signs that the supply of [...]
Is The Market Hitting The Top?
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 [...]
Toronto Real Estate Does It Again – Another Record Month
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 [...]
Economist Apologizes For Getting Toronto Real Estate Market Predictions Wrong For 2011
It seems all of the economists got it wrong for 2011… they generally agreed that last year’s Toronto house and condo market was going to be slower than 2010 with a 3-5% appreciation rate. At least Craig Alexander, Chief Economist at TD Canada Trust was willing to say that the science of economic predictions is [...]
Downtown Toronto Condo Market Showed Mixed Signals In January
The downtown Toronto condo market showed a lot of contrasting numbers between east and west of Yonge. In January, downtown condo average sale prices were up 8.6% in C01, west of Yonge and south of Bloor and up by 3.5% in C08 east of Yonge and south of Bloor compared to one year ago. This [...]
Toronto Condo Rental Market Tightens
According to the latest Toronto condo rental market statistics from the Toronto Real Estate Board, the leasing of condos was up during the last quarter of 2011 – and the number of condos listed for rent using the Toronto MLS Listings was down. What does this mean for condo owners and investors? Essentially, they’ll have [...]
Downtown Toronto Condo Price Appreciation Matches The Overall Market
In December, downtown condo average sale prices were up 5.2% in C01, west of Yonge and south of Bloor and up by 5.6% in C08 east of Yonge and south of Bloor compared to one year ago. When you compare year-over-year average numbers, both condo areas tracked the overall market average quite well… The C01 [...]
