Real Estate in mid-town Toronto
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possible, whether buying, selling or leasing, or looking for an investment property. Sellers may contact Adam for a confidential Valuation of their property. Adam's knowledge of Toronto and the numerous communities within our vibrant city is extensive, having lived and worked in the city all of his life.
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2018 Periodic Updates
GTA REALTORS® Release February Stats
TORONTO, ONTARIO, March 6, 2018 – Toronto Real Estate Board President Tim Syrianos
announced that Greater Toronto Area REALTORS® reported 5,175 residential transactions
through TREB’s MLS® System in February 2018. This result was down 34.9 percent compared to
the record 7,955 sales reported in February 2017.
The number of new listings entered into TREB’s MLS® System totaled 10,520, a 7.3 per cent
increase compared to the 9,801 new listings entered in February 2017. However, the level of
new listings remained below the average for the month of February for the previous 10 years.
“When TREB released its Outlook for 2018, the forecast anticipated a slow start to the year
compared to the historically high sales count reported in the winter and early spring of 2017.
Prospective home buyers are still coming to terms with the psychological impact of the Fair
Housing Plan, and some have also had to reevaluate their plans due to the new OFSI-mandated
mortgage stress test guidelines and generally higher borrowing costs,” said Mr. Syrianos.
The MLS® Home Price Index Composite Benchmark was up by 3.2 per cent on a year-over-year
basis for the TREB market area as a whole. This growth was driven by the apartment and
townhouse market segments, with annual benchmark price increases of 18.8 per cent and 7.5
per cent respectively. Single-family detached and attached benchmark prices were down slightly
compared to February 2017.
The overall average selling price for February sales was down
12.4% year-over-year to $767,818. However, putting aside the price spike reported in the first
quarter of 2017, it is important to note that February’s average price remained 12 per cent
higher than the average reported for February 2016, which represents an annualized increase
well above the rate of inflation for the past two years.
“As we move further into the spring and summer months, growth in sales and selling prices is
expected to pick up relative to last year. Expect stronger price growth to continue in the
comparatively more affordable townhouse and condominium apartment segments. This being
said, listings supply will likely remain below average in many neighbourhoods in the GTA, which,
over the long-term, could further hamper affordability,” said Jason Mercer, TREB’s Director of
GTA REALTORS Release January 2018 Stats
TORONTO, ONTARIO, February 6, 2018 – Toronto Real Estate Board President Tim Syrianos
announced that Greater Toronto Area REALTORS reported 4,019 residential transactions
through TREB’s MLS® System in January 2018. This result was down by 22 per cent compared
to a record 5,155 sales reported in January 2017.
The number of new listings entered into TREB’s MLS System amounted to 8,585 – a 17.4 per
cent increase compared to 7,314 new listings entered in January 2017. However, it is important
to note that the level of new listings was the second lowest for the month of January in the past
“TREB released its outlook for 2018 on January 30th. The outlook pointed to a slower start to
2018, especially compared to the record-setting pace experienced a year ago. As we move
through the year, expect the pace of home sales to pick up, as the psychological impact of the
Fair Housing Plan starts to wane and home buyers find their footing relative to the new OSFImandated
stress test for mortgage approvals through federally regulated lenders,” said Mr.
The MLS Home Price Index Composite Benchmark was up by 5.2 per cent year-over-year. This
annual rate of growth was driven by the condominium apartment market segment, with doubledigit
annual growth versus the single-family segment, with prices essentially flat compared to
last year. The overall average selling price was down by 4.1 per cent year-over-year to
$736,783. This decline was weighted toward the detached segment of the market. In the City
of Toronto, the average selling price was up for all home types except for detached houses.
“It is not surprising that home prices in some market segments were flat to down in January
compared to last year. At this time last year, we were in the midst of a housing price spike
driven by exceptionally low inventory in the marketplace. It is likely that market conditions will
support a return to positive price growth for many home types in the second half of 2018. The
condominium apartment segment will be the driver of this price growth,” said Jason Mercer,
TREB’s Director of Market Analysis.
2017 Annual Statistics Update
North Toronto (Sherwood and Broadway)
2017 Sales Compared to 4 previous years.
2017 Sales Compared to 5 previous years.
GTA REALTORS Release Annual Stats for 2017 Summary
TORONTO, ONTARIO, January 4, 2018
Toronto Real Estate Board President Tim Syrianos
announced that Greater Toronto Area REALTORS reported 92,394 sales through TREB’s MLS
System in 2017. This total was down 18.3 per cent compared to the record set in 2016.
Record sales in Q1 were followed by a decline in Q2 and Q3 after the Ontario Fair Housing Plan
(FHP) was announced. The pace of sales picked up in Q4, as the impact of the FHP started to
wane, and some buyers arguably brought forward their home purchase in response to the new
OSFI stress test guidelines effective January 1, 2018.
“Much of the sales volatility in 2017 was brought about by government policy decisions.
Research from TREB, the provincial government and Statistics Canada showed that foreign
home buying was not a major driver of sales in the GTA. However, the Ontario Fair Housing
Plan, which included a foreign buyer tax, had a marked psychological impact on the
marketplace. Looking forward, government policy could continue to influence consumer
behavior in 2018, as changes to federal mortgage lending guidelines come into effect,” said Mr.
The average selling price for 2017 as a whole was $822,681 – up 12.7 per cent compared to
2016. This annual growth was driven more so by extremely tight market conditions during the
first four months of the year. In the latter two-thirds of 2017, fewer sales combined with
increased listings resulted in slower price growth. In December, the MLS Home Price Index
(HPI) Composite Benchmark was up by 7.2 per cent year over year, and the overall average
selling price was up by 0.7 per cent year over year.
“It is interesting to note that home price growth in the second half of 2017 differed substantially
depending on market segment. The detached market segment – the most expensive on
average – experienced the slowest pace of growth as many buyers looked to less expensive
options. Conversely, the condominium apartment segment experienced double-digit growth, as
condos accounted for a growing share of transactions,” said Jason Mercer, TREB’s Director of