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February 2019 Market Watch

March 5th, 2019




January 2019 - Market Watch

February 6th, 2019
Sales
Up 0.6% from January 2018

New Listings
Up 10.5% from January 2018

Active Listings
Up 0.6% from January 2018

Average Price
Down 1.7% from January 2018

Average Days on the Market
Down 3.1% from January 2018


Latest Done Deal in the Globe & Mail - 6 Twenty Ninth St.

January 29th, 2019

Large, Luxurious Toronto Infill Home Gets Warm Winter Reception

6 Twenty Ninth St., Toronto

Asking price: $1,278,800

Selling price: $1,268,800

Taxes: $6,000 (2018)

Days on the market: 10

Listing agents: Nigel Denham and Robert Nelson, Sotheby’s International Realty Canada

The Action 


Upscale yet classic materials fill the interior, such as hardwood floors and decorative trim in the master b ...

December 2018 Market Watch

January 7th, 2019

December and 2018 Annual Statistics Released

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported a total of 77,426 residential transactions through TREB's MLS® System in 2018. This result represented a 16.1 per cent decline compared to 92,263 sales reported in 2017. Total new listings entered into TREB's MLS® System were down by 12.7 per ce ...

November 2018 Market Watch

December 5th, 2018

GTA Realtors Release November Stats.

Toronto Real Estate Board President Garry Bhaura announced the continuation of moderate price growth in November 2018 compared to November 2017. The MLS® Home Price Index (HPI) Composite Benchmark was up by 2.7 per cent year-over-year. The average selling price was up by 3.5 per cent year-over-year to $788,345.

Greater Toronto Area REALTORS® reported 6,251 ...

October Market Watch

November 5th, 2018
GTA Realtors Release October Stats

Greater Toronto, November 5, 2018 – Toronto Real Estate Board President Garry Bhaura announced year-over-year increases in home sales and average sale prices reported through TREB’s MLS® System in October 2018.

Greater Toronto Area REALTORS® reported 7,492 sales through TREB’s MLS® System in October 2018 – a six per cent increase compared to October 2017. ...

What is Title Insurance?

November 1st, 2018

WHAT IS TITLE INSURANCE?

When I meet with my clients to sign the documents for the purchase closing, I am often asked, “What is title insurance and why do I need it?”.  This column will discuss title insurance and its benefits for homebuyers.

Title insurance is an insurance policy that protects your title or ownership to the property. Unlike other forms of insurance, title insurance is ...

Latest Done Deal in the Globe and Mail - 237 Cranbrooke Ave

October 29th, 2018

Sellers pocket $101,000 premium for Toronto house with 'little bonuses’


237 Cranbrooke Ave., Toronto

Asking price: $1,649,000

Selling price: $1.75-million

Previous selling prices: $695,800 (2007); $550,000 (2005); $386,000 (1998)

Taxes: $6,497 (2017)

Days on the market: Nine

Listing agents: Rob Nelson and Nigel Denham, Sotheby’s International Realty Canada

The Action

In June, house hun ...

Market Watch - September 2018

October 3rd, 2018
GTA Realtors Release September Stats

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 6,455 sales through TREB's MLS® System in September 2018 – up 1.9 per cent compared to September 2017. The average selling price for September 2018 sales was up by 2.9 per cent over the same period to $796,786. The MLS® HPI composite benchmark price was ...

Understanding the Occupancy Closing

October 3rd, 2018

Understanding the Occupancy Closing

If you have purchased a brand-new condominium from the builder, it is likely that your pre-construction builder Agreement of Purchase and Sale will provide for two closings – an interim occupancy closing and following that, a final closing. This column will examine the interim occupancy closing.

The interim occupancy closing is the date when you obtai ...

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