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June Real Estate Market Update

Wednesday Jun 9th, 2021

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toronto real estate market update

June Toronto & GTA Real Estate Market Update Residential transactions reported through TRREB’s MLS® System remained high in May 2021, but fell short of the 2016 record and were below this year’s March peak. Despite a slight ebb in sales over the last two months, market conditions remained tight enough to push the average selling price to an all-time record in May. Greater Toronto Area REALTORS® reported 11,951 sales in May 2021 – more than double the result... [read more]

APRIL 2021 GTA Real Estate Market Update

Friday May 7th, 2021

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APRIL 2021 GTA Real Estate Market Update   The Toronto Regional Real Estate Board (TRREB) has released the sales figures for April. 13,663 transactions reported through the local MLS represent a new monthly sales record for April, making it the tenth consecutive month with record-setting sales.    April 2020 will be remembered as the first full month of the pandemic, making for poor comparisons…sales were up 362.1% from the same time last year. However, if we... [read more]

MARCH 2021 - Toronto Real Estate Market Report

Tuesday Apr 6th, 2021

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March 2021 GTA Real Estate Report. For the third straight month of 2021, record home sales continued in March across the Greater Toronto Area (GTA) with buyers taking advantage of favourable borrowing costs and continued improvement in many sectors of the economy.   GTA REALTORS® reported 15,652 sales in March 2021 – close to double that of March 2020. While sales were strong, it is important to remember that for the second half of March we are comparing against the... [read more]

February 2021 Market Report and Sales Stats

Monday Mar 15th, 2021

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GTA Housing Market Report

Record home sales in the Greater Toronto Area (GTA) continued in February as buyers remained confident in their employment situations and took advantage of ultra-low borrowing costs. With multiple buyers continuing to compete for many available listings, double-digit annual price growth was the norm throughout the GTA, with stronger rates of growth in the suburbs surrounding the City of Toronto.   GTA REALTORS® reported 10,970 sales through TRREB’s MLS® System... [read more]

Is now the right time to sell your Toronto condo investment?

Saturday Mar 6th, 2021

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If you own a condo in Toronto as an investment and you are thinking of selling it, there are several factors you should consider.   Your Investment Goals Think about your investment objective - are you looking for appreciation in value or cash flow? Your cash flow depends upon how much money you have invested, your mortgage payment, costs such as condo fees and property taxes and how much rent you are getting each month. The current market conditions Is it... [read more]

January 2021 Market Report and Sales Stats

Tuesday Feb 16th, 2021

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January 2021 home sales amounted to 6,928 – up by more than 50% compared to January 2020. This strong start to 2021 included sales growth across all major segments including condominium apartments, both in the City of Toronto and surrounding GTA regions.   New listings were also up on a year-over-year basis in January, but not by the same annual rate as sales. This means market conditions tightened compared to January 2020, resulting in the continuation of double-digit... [read more]

Selling Your Toronto Condo?

Saturday Feb 13th, 2021

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Selling a Condo in Toronto ? This video gives you 10 steps you need to take to sell your condo for the maximum price and to sell it quickly. 1. Determine the condo's market value 2. Declutter & depersonalize 3. Storage 4. Fix & Repair 5. Paint 6. Get your condo professionally cleaned 7. Lighting 8. Staging your Toronto condo 9. Pricing Strategy 10. Make your condo easy to view to buyers If you are thinking about selling your condo in Toronto... [read more]

Buying a Condo in Toronto - Follow These 11 Steps

Monday Feb 8th, 2021

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👉👉👉SUBSCRIBE TO MY YOUTUBE CHANNEL ✅ https://bit.ly/2v7gSi6 FREE BUYERS GUIDE! ✅ https://alexmoloneyhomes.com/home-buyers-guide If you are thinking about buying a condo in Toronto, I'm going to explain to you the whole buying process and give you a step by step guide in terms of what to know before buying a condo in Toronto, what you need to do, how you need to do it, so regardless if you're a first-time buyer, you're upgrading to a larger condo,... [read more]

The St. Regis Residences Toronto - 311 Bay Street

Wednesday Feb 3rd, 2021

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311 Bay Street Condos

Welcome to the luxurious St. Regis Residences Toronto located at 311 Bay Street in the heart of the Financial District with top-of-the-line finishes and appliances. This beautifully designed 2 bedroom, 2 full bathroom suite features gorgeous Interior furnishings with a large expansive open concept living & dining areas. This condo boasts 10.5 feet, coffered ceilings throughout & is one of the best floor plans in the building. The 2nd bedroom has been converted into a unique custom... [read more]

Toronto Real Estate - Glossary of terms

Friday Jan 29th, 2021

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Toronto Real Estate - Glossary of terms    Addendum The Tarion Addendum (expected to be a joint Tarion/HCRA addendum if the HCRA is designated in early 2021) is a required part of the agreement of purchase and sale for a residential condo and contains important information that both the builder and condo buyer are required to agree to.   Adjustable-rate mortgage There are two types of conventional loans: the fixed-rate and the adjustable-rate mortgage. In an... [read more]

Toronto Condo Finances

Saturday Jan 23rd, 2021

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Reserve Funds A reserve fund is a fund that condo corporations use for major repair or replacement of common elements and assets as needed. The Condo Act requires that all condo corporations have a reserve fund. Adequate reserve funds and proper use of those funds are critical to maintaining the structural integrity of the condo corporation’s property. Reserve funds may only be used for major repairs and replacements of the common elements and assets of the condo corporation. Condo... [read more]

Toronto Condo Living

Friday Jan 15th, 2021

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Toronto Condo Living Your Unit and Common Elements In a condo corporation, as an owner, you typically own your individual unit and collectively share in the ownership of and expenses for the common elements. Unlike units, common elements may not be for the exclusive use of a particular unit owner. Common elements may include parking garages, elevators, lobbies, and much more. They may also include structural elements like the walls between the units, doors, plumbing and... [read more]

Is now a good time to buy a Toronto Condo?

Wednesday Jan 13th, 2021

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The condo market is presently in an unusual situation, particularly in downtown Toronto. There are a few factors for this and has some people asking is now a good time to buy a Toronto condo? And.... the answer is..... possibly Let's go through these factors 1. Airbnb rule changes. The government changed the laws when it comes to short-term rentals so many investors/ entrepreneurs have been impacted by this. Owners or individuals running an airbnb business can now only... [read more]

What is a Condominium?

Friday Jan 8th, 2021

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What is a Condominium? When most people hear the word “condo” they may think of a single residential tower or maybe a townhouse, but what “condo” really refers to is a specific kind of real estate ownership structure that involves shared ownership of common elements and community decision making. This means that a condo could resemble a park, parking lot, or even an empty field. If you are considering purchasing property in a condo corporation, it is important to... [read more]

Best Toronto Condo Neighbourhoods

Tuesday Dec 29th, 2020

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This video shows you the best Toronto Neighbourhoods for condo living. Watch the video here: https://youtu.be/l58B_hwtbYw If you are looking where to live in Toronto check out the links in the description below. Depending on your lifestyle, price point and needs there are many great neighbourhoods to live in Toronto. Here are my Top 5 Best Toronto Neighbourhoods. #1 YORKVILLE. Yorkville is Toronto's most expensive condo neighbourhood and has some of the most... [read more]

November Sales Stats are in

Wednesday Dec 9th, 2020

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    The record pace of home sales in the fall continued with 8,766 sales reported in November by Greater Toronto Area REALTORS® through the Toronto Regional Real Estate Board’s (TRREB) MLS® System. This result was up by 24.3% compared to November of last year.   Generally speaking, year-over-year growth in sales was stronger for single-family homes in the GTA regions... [read more]

Toronto Housing Market Report - August 2020

Wednesday Sep 9th, 2020

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Toronto Regional Real Estate Board (TRREB) announced that the strong rebound in Greater Toronto Area (GTA) home sales continued with a record result for the month of August. GTA REALTORS® reported 10,775 residential sales through TRREB’s MLS® System in August 2020 – up by 40.3% compared to August 2019.   Sales were up on a year-over-year basis for all major home types, both in the City of Toronto and surrounding GTA regions. It should be noted that the low-rise... [read more]

July 2020 - A record month !

Monday Aug 10th, 2020

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JULY 2020 - Record Month!   The Toronto Regional Real Estate Board (TRREB) has released the sales figures for July and a new monthly sales record has been set with 11,081 transactions reported on the MLS. This represents a 29.5% increase over July 2019 and a 27.4% increase from June. Historically, we would experience a dip in the summer months but with COVID-19 impacting vacation plans, we are seeing the results of pent up demand from the market downturn experienced in April and... [read more]

Just Listed - 55 Stewart Street #729 in King West - $699,000

Monday Aug 10th, 2020

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55 Stewart Street - A beautiful King West Condo For Sale. Rarely Available, Sun-Filled 1 Bedroom + Den With Stunning Southeast Views Overlooking Victoria Memorial Park In Prime King West. Great Layout With No Wasted Space! Over 700 Sq Ft With Spacious 116 Sq Ft Balcony And Prime Parking Space. Cn Tower And City Skyline Views. Large Kitchen Island To Entertain. The Den Has Been Converted To A Huge Walk-In Closet With Custom Built-Ins. Soon To Be Home Of The Luxury 1 Hotel. Common Areas Under... [read more]

North York Luxury Condo Tour - $2,295,000

Tuesday Jul 28th, 2020

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North York Condos for sale - In this video I'll show you a luxury condo tour at Bayview and Sheppard in Toronto, listed at $2,295,000. This condo is 2156 square feet with 2 bedrooms, 3 bathrooms, 2 parking spaces, 2 lockers and private elevator access. With picturesque views overlooking North York, this condo is perfect for someone looking to downsize from a house to a larger condo. Directly adjacent to Bayview Village Shopping and the TTC/Subway Building Amenities Include 24 Hr Concierge,... [read more]

Toronto Real Estate - June Stats

Tuesday Jul 7th, 2020

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Toronto Regional Real Estate Board President Lisa Patel announced that Greater Toronto Area REALTORS® reported 8,701 sales through TRREB’s MLS® System in June 2020. This result represented a very substantial increase over the May 2020 sales result, both on an actual (+89 per cent) and seasonally adjusted basis (+84 per cent), and was only down by 1.4 per cent compared to June 2019. Year-over-year growth in sales was reported in some areas and market segments.... [read more]

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