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REAL REPORT

MAY 2016

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

YEAR

 

Sales

 

Avg Selling Price

 

Avg Days on Market

2016

 

12,085

 

$739,082 

 

15

2015

 

11,254

 

$636,094 

 

18

RECENTLY SOLD

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

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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

 

GO Raptors!

Spectacular lake views at The Waterworks

Lily will be at Woofstock this month

ROSANNE AGASEE B.A

Real Estate Sales Representative

 

Personal Number: 416.993-6765

E: rosanne@rosanneagasee.com

www.rosanneagasee.com

Forest Hill Real Estate Inc., Yorkville

28A Hazelton Avenue

Toronto, Ontario M5R 2E2

Office: 416.975.5588

Fax: 416.975-8599