Real Estate in mid-town Toronto
When you are thinking of Selling or Buying in Toronto, Adam Saunders can help. Give Adam a call at 416-575-6900 in order to obtain confidential consultation. Adam will work in partnership with you to ensure you get the best support
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.
His role in the process of selling or buying is to ensure the transactions are as smooth and as stress free as possible. Adam will provide capable guidance and insight to your benefit. Adam can recommend lawyers, home inspectors, mortgage brokers, insurance brokers, movers, home staging and more, as your needs dictate. Adam takes your satisfaction personally and looks forward to being of service to you. He will thank you for that opportunity.
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2018 Periodic Updates
GTA REALTORS Release March Stats
TORONTO, ONTARIO, April 4, 2018 – Toronto Real Estate Board President Tim Syrianos
announced that Greater Toronto Area REALTORS® reported 7,228 residential transactions
through TREB’s MLS® System in March 2018. This result was down by 39.5 per cent compared
to a record 11,954 sales reported in March 2017 and down 17.6 per cent relative to average
March sales for the previous 10 years.
The number of new listings entered into TREB’s MLS® System totaled 14,866 – a 12.4 per cent
decrease compared to March 2017 and a three per cent decrease compared to the average for
the previous 10 years.
“TREB stated in its recent Market Outlook report that Q1 sales would be down from the record
pace set in Q1 2017,” said Mr. Syrianos. “The effects of the Fair Housing Plan, the new OSFImandated
stress test and generally higher borrowing costs have prompted some buyers to put
their purchasing decision on hold. Home sales are expected to be up relative to 2017 in the
second half of this year.”
The MLS Home Price Index Composite Benchmark was down by 1.5 percent on a year-over-year
basis for the TREB market area as a whole. The overall average selling price was down by 14.3
per cent compared to March 2017.
While the change in market conditions certainly played a role, the dip in the average selling price
was also compositional in nature. Detached home sales, which generally represent the highest
price points in a given area, declined much more than other home types. In addition, the share
of high-end detached homes selling for over $2 million in March 2018 was half of what was
reported in March 2017, further impacting the average selling price.
“Right now, when we are comparing home prices, we are comparing two starkly different periods
of time: last year, when we had less than a month of inventory versus this year with inventory
levels ranging between two and three months. It makes sense that we haven’t seen prices climb
back to last year’s peak. However, in the second half of the year, expect to see the annual rate
of price growth improve compared to Q1, as sales increase relative to the below-average level of
listings,” 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