By: Mark Stern

November Newsletter

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Dear Friend,   November 2019     Another strong month of sales as Toronto realtors sold 8,491 residential homes through TREB’s MLS System in October 2019. Sales numbers were up 14% over the 7,448 sales reported in October 2018. Fewer new listings brought to market, a lower inventory of homes available for sale and continued demand drove the average price higher as it rose 5.5%...Read More

By: Mark Stern

October Newsletter

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October 2019   Dear Friend,   The strong and upward trend in real estate sales in the GTA continued last month with sales increasing by a hefty 22.0% to 7,825. This reflects the continued and renewed confidence in the market due to lower interest rates and strong employment in the GTA. Discounted five (5) year fixed mortgage rates can be as low as 2.6% right now! What can...Read More

By: Mark Stern

September Newsletter

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September 2019   Dear Friend, The GTA real estate market continued its strong trend as Toronto Realtors sold 7,711 residential properties in August 2019. This result represented a 13.4 % increase compared to 6,797 sales reported in August 2018. Sales were up on a year-over-year basis for all major market segments, with annual rates of sales growth strongest for low-rise home types i...Read More

By: Mark Stern

August Newsletter

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August 2019   Dear Friend July was an extremely busy month for the Toronto real estate market, and all of the factors highlighted the “hot” market we are experiencing.   With the total number of sales YTD being up 10.7 % over last year and the number of homes available for sale down 9.1%, multiple offer situations and homes selling at asking price or over and quicker we...Read More

By: Mark Stern

July Newsletter

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July 2019   Dear Friend,   Sales in June were up 10.4% over June of last year as the Toronto Real Estate Board reported 8,860 sales through TREB’s MLS System. The overall average selling price in June 2019 was $832,703 up by 3% compared to the average of $808,066 in June 2018 and up 7.9% from the start of 2019!   The continuing increase in prices are a direct result of co...Read More

By: Mark Stern

June Newsletter

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June 2019   Dear Friend,   9,989 listings sold through TREB's MLS® System in May 2019, a substantial increase of 18.9 % over May 2018. Prices also increased bringing the year to date average price to $805,098, up 3.6 % since the start of the year. The year-over-year increase in sales activity reflects polling results that indicated that more home buyers in the Greater Toronto Are...Read More

By: Mark Stern

May Newsletter

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May 2019   Dear Friend,   As the comedian said, “There’s good news and there’s bad news”.   The good news There was a huge year over year jump in home sales in April, up 16.8 % to 9,042 compared to 7,744 in April 2018, with a significant 1.9 %  price increase. Price growth continued to be driven by the condominium apartment segment which is up 5% s...Read More

By: Mark Stern

April Real Estate Newsletter

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April 2019   Dear Friend,   Toronto Real Estate Board members reported 7,187 residential sales through TREB’s MLS System in March 2019, almost the same amount as the 7,188 sales reported in March 2018. While the number of sales remain the same, the number of new listings, homes available for sale, was down by 5.1 % year-over-year.  This lack of inventory has created a shortage...Read More

By: Mark Stern

March Newsletter

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March 2019,   Dear Friend,   No real surprises in the market, approximately the same number of sales as last February, 5,025, with approximately the same number of listings, 13,284, which is less than 3 listings for every sale, making it an overall “sellers” market as buyers have few choices when purchasing a home.   While this is an average number, the reality is that h...Read More

January Newsletter

By: Mark Stern

January Newsletter

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January 2019 Dear Friend, The Toronto Real Estate Board finished off 2018 with 3,780 sales, a little bit less than the 4,500 I predicted, and that was accompanied by 31.5% fewer new listings than December 2017, a sign that tight market conditions will continue in many neighborhoods. The Toronto market remains price segregated, with luxury properties, those over $1,500,000, being the most impacted ...Read More