JUNE 2016
Toronto Real Estate Board President Mark McLean announced that there were 12,870 home sales reported through TREB's MLS® System in May 2016. This result represented a new record for the month of May and a 10.6 per cent increase over the same period last year. In contrast, the number of new listings was down over the same time frame by 6.4 per cent. The decline in listings was experienced in both the low-rise and condominium apartment market segments.
"Whether we're talking about existing homeowners or people looking to purchase for the first time, there is no shortage of buyers in the marketplace today. So, while the record number of home sales through the first five months of 2016 is not necessarily surprising, it does sometimes mask the larger story in the GTA: the shortage of listings, which has resulted in strong upward pressure on home prices," said Mr. McLean. "Widespread competition between buyers of singles, semis and townhouses across the GTA has underpinned the robust annual rates of price growth experienced so far this year. With this said, however, it is also important to understand that tighter market conditions for condominium apartments have resulted in price growth well above the rate of inflation in this market segment as well," said Jason Mercer,
TREB's Director of Market Analysis.
Continued low inventory is bringing record sale prices. The skills of a powerful negotiator and experienced realtor on both the buying and selling side is invaluable in today’s market. Call me to discuss your real estate goals.
MARKET STATS WATCH870
YEAR
Sales
Avg Selling Price
Avg Days on Market
2016
12,870
$751,908
15
2015
11,640
$649,648
18
RECENTLY SOLD
6 Parkwood Avenue
Suite 802
$595,000
________ testimonial ________
Rosanne is one of the best in the business. On moving to Toronto with a young family she made finding the right home easy and stress free. Professional & polite she delivered! I would recommend
Jamie Edwards
President & CEO, MediaCom Canada.
FEATURED
LISTING
6 Parkwood Avenue
Suite 401
Offered for Sale at $442,000
Luxurious 1 bedroom suite at the coveted Code Condominium in South Forest Hill. Superb Layout With Floor to Ceiling Glass in all Principal Rooms. Stylish Finishes. Live Luxuriously In One Of Toronto's Most Prestigious Enclaves. Distinguished 9 Storey Residence In The Heart Of Stunning Forest Hill. Across
From Sprawling Winston Churchill Park/Ravine, Minutes To Public Transit, Esteemed Schools, 66,000Sqft Loblaws, Lcbo, Forest Hill Village, Shops and
Restaurants.
Luxurious 1 bedroom suite at the coveted Code Condominium in South Forest Hill. Superb Layout With Floor to Ceiling Glass in all Principal Rooms. Stylish Finishes. Live Luxuriously In One Of Toronto's Most Prestigious Enclaves. Distinguished 9 Storey Residence In The Heart Of Stunning Forest Hill. Across
From Sprawling Winston Churchill Park/Ravine, Minutes To Public Transit, Esteemed Schools, 66,000Sqft Loblaws, Lcbo, Forest Hill Village, Shops and
Restaurants.
2 - 2
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Luxurious 1 bedroom suite at the coveted Code Condominium in South Forest
Hill. Superb Layout With Floor to Ceiling Glass in all Principal Rooms.
My Toronto this Month
Relaxing by the pool!
Hall and Oats at the Molson Amphitheatre
So proud. Graduation Day!
TD Toronto Jazz Festival
Take a water taxi to Wards Island and lunch at Island Cafe
