May 4, 2016 -- Toronto Real Estate Board President Mark McLean announced that there were 12,085 sales reported through TREB's MLS® System in April 2016. This result, which represented a record for the month of April, was up by 7.4 per cent in comparison to April 2015.For the TREB market area as a whole, annual sales growth was experienced for all major home types except semi-detached houses. In the City of Toronto, sales were down for detached and semi-detached houses as well as townhouses on a year-over-year basis. This dip in sales in the '416' area code was due to a lack of low-rise listings. Many would-be buyers were not able to find a home that met their needs.
"While April's sales result represented a new record for sales, that number could have been even higher if we had benefitted from more supply. In the City of Toronto in particular, some households have chosen not to list their home for sale because of the second substantial Land Transfer Tax and associated administration fee. The lack of available inventory, coupled with record sales, continued to translate into robust annual rates of price growth," said Mr. McLean.
"As we move into the busiest time of the year, in terms of sales volume, strong competition between buyers will continue to push home prices higher. A greater supply of listings would certainly be welcome, but we would need to see a number of consecutive months in which listings growth outpaced sales growth before market conditions become more balanced," 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 WATCH
Avg Selling Price
Avg Days on Market
8 Rean Suite 1910
105% of asking!
________ testimonial ________
From the moment I met Rosanne I was quite confident she was fantastic. Renovating and selling a property is already enough work, but having to do this on an international level is additional stress. Rosanne connected me with all the right sources and our property was transformed and put on the market with ease and speed. Less then one day of showing property there was a bidding war and property sold for over asking price. I cannot thank Rosanne enough for her time, effort and professional work ethic to get our unit renovated and sold in record time.
Sarah from NYC
Forest Hill Code Condo
6 Parkwood Ave
$349,900 & $435,900
3 - 3
Rare Opportunity To Own At Boutique 'Code Condo' In Forest Hill. Two Distinctive Open Concept, One Bedroom Suites Boasting Floor To Ceiling Glass In Principal Rooms, 9Ft Ceilings, Superb Layout And Finishes. Located In One Of Toronto's Most Affluent Enclaves.
My Toronto this Month
Saturday Afternoon Jazz at The Pilot
Pasta Bar for more great city views
and delicious food
The Roof Bar at Park Hyatt for gorgeous views of the city
Spectacular lake views at The Waterworks
Lily will be at Woofstock this month