I have listed a new property at 505 533 Richmond ST W in Toronto. See details here
This Trendy, Upgraded 2 Bedroom Loft Features Hardwood Floors, Floor To Ceiling Windows, Motorized Window Blinds, Open Concept Layout, 9' Exposed Concrete Ceilings, King-Sized Master, Large Custom Built Closets, Granite Counter Tops, Gas Range Stove And Gas Hookup On Spacious L-Shaped Terrace. Includes Parking And Locker.
*This is an update for Toronto as a whole and things can look very different between different areas and home types. If you would like to dig deeper into the numbers that matter more to you, please book a call with me here.
Key Takeaways:
Prices are down.
Sales are down.
New Listings are down.
Days on market are up.
August is usually the slowest month of the year so expect this trend to continue.
The next Bank Of Canada Rate announcement is September 4th.
Looking at numbers after the first week of July, Toronto Freehold homes are in a Balance Market at 3.6 Months Of Inventory and Toronto Condos are up in a Buyers Market at 6.4 Months Of Inventory.
Data below.
I have sold a property at 76 5050 Intrepid DR in Mississauga on Aug 2, 2024. See details here
Incredible Two Bedroom & Two Bath Stacked Townhouse In The Family-Friendly Community Of Churchill Meadows. Open Concept Main Floor With Tons Of Natural Light & Private Balcony Overlooking Park Master Br W/ 4Pc En-suite And Walk In Closet. Spacious Open Concept Kitchen W/ Breakfast Bar, With Two Private Balconies. 1 Surface Parking Space Close To Suite Entrance Included In The Rent. Amazing Location!! Minutes Walk To All Amenities, Shopping Centers, Schools, Erin Mills, Credit Valley Hospital, Hwy 403, And More.
I have listed a new property at 76 5050 Intrepid DR in Mississauga. See details here
Incredible Two Bedroom & Two Bath Stacked Townhouse In The Family-Friendly Community Of Churchill Meadows. Open Concept Main Floor With Tons Of Natural Light & Private Balcony Overlooking Park Master Br W/ 4Pc En-suite And Walk In Closet. Spacious Open Concept Kitchen W/ Breakfast Bar, With Two Private Balconies. 1 Surface Parking Space Close To Suite Entrance Included In The Rent. Amazing Location!! Minutes Walk To All Amenities, Shopping Centers, Schools, Erin Mills, Credit Valley Hospital, Hwy 403, And More.
I have listed a new property at LPH01 2 Augusta AVE in Toronto. See details here
New, Bright And Massive Corner Unit With CN Tower City Views, 2 Parking Spots With EV Charging, Extra Large Oversized Private Locker Room, Floor To Ceiling Windows And Steps From The New Waterworks Food Hall, Streetcar, Subway, Universities, Groceries, Fine Dining & Cafes, Entertainment Centre, Parks And More. What Else Can You Ask For? This Is Your Rare Opportunity To Live In 940 Square Feet Of Luxury In The Heart Of Queen West.
*This an update for Toronto as a whole and things can look very different between different areas and home types. If you would like to dig deeper into the numbers that matter more to you, please book a call with me here.
Key Takeaways:
Prices have come down a little bit.
There are lots of options for buyers right now.
If things continue moving as they are now, prices will come down more.
The Bank of Canada interest rate announcement has had no effect on the market so far.
The summer is a slow time for real estate and I expect things to be slow until at least September.
Looking at numbers after the first week of July, Toronto Freehold homes are now up in a Balance Market at 3.2 Months Of Inventory and Toronto Condos are up in a Buyers Market at 5.6 Months Of Inventory.
Data below.
I have listed a new property at LPH01 2 Augusta AVE in Toronto. See details here
Incredible Opportunity To Live In The New Rush Condo By Alterra Located In The Heart Of Queen West At Richmond And Spadina. This 939 Sqft Corner Unit Has A Perfect Layout With Bright And Modern Finishes And A Ton Of Natural Sunlight. Minutes Walk To Streetcar, Subway, Universities, Groceries, Fine Dining & Cafes, Entertainment Centre, Etc. Unit Includes A Tandem EV Hookup Parking Spot That Fits Two Cars As Well As An Attached And Private Oversized Storage Locker.
Key Takeaways:
The amount of homes available for sale continued to go up.
Prices remained relatively flat.
Simply put, Detached and Semi-Detached freehold homes are in a sellers market and condos are leaning into a buyers market.
Sales activity was very slow as many buyers were “waiting to see whats going to happen with interest rates”
The Bank Of Canada lowered interest rates .25% which will save variable rate holders about $10-15 less per $100,000 of their mortgage. (June will be a good test to see how people actually react to this)
Running numbers after the first week of June, Toronto Freehold homes are up at 2.5 Months Of Inventory (Sellers Market) and Toronto Condos are up at 4.9 Months Of Inventory (Balanced Market).
Data below.
*I intentionally like to keep these reports short and straightforward. If you have questions about any specific aspect of the market or want me to expand on the data shared, please reach out.
I have sold a property at 4909 30 Shore Breeze DR in Toronto on May 23, 2024. See details here
Incredible Opportunity To Live In One Of The Most Sought After Floor Plans In Eau Du Soleil Condos With Breathtaking Unobstructed South Views Of Lake Ontario And The Toronto Skyline. With Resort Style Amenities And Luxurious Designs, This Spacious 1+Den Has Everything You Need Including A Walkout To The Balcony From Both The Living Room And Bedroom.
I have sold a property at 134 Cleanside RD in Toronto on May 23, 2024. See details here
Highly Sought After 4 Year Old Freehold Home With Finished Basement Near Warden Subway Station, New LRT and Renowned High Ranking School Satec W.A. Porter. Incredible Floor Plan With 4 Bedrooms (4th BR Converted To Family Room But Easily Can Convert Back To 4th BR), 3 Full Baths + A Powder Room and Convenient Backyard Garage Access Upgraded With EV Charging. Lots Of $$ Spent On Upgrades, Finished Paved Backyard, Smart Garage Opener With Wifi Support, Large Windows, Wired Basement For Home Theatre Surround Sound. Close to All Amenities, Schools, TTC, GO, Playgrounds, Parks, Place Of Worship, Shopping, Plazas, And Groceries.
I have sold a property at 1202 2 Augusta AVE in Toronto on May 2, 2024. See details here
Incredible Opportunity To Live In The Brand New Rush Condo By Alterra Located In The Heart Of Queen West At Richmond And Spadina. This 565 Sqft Unit Has A Perfect Layout With Bright And Modern Finishes And A Big Balcony. Minutes Walk To Streetcar, Subway, Universities, Groceries, Fine Dining & Cafes, Entertainment Centre, Etc. Unit Includes An Ev Hookup Parking Spot And One Locker. Internet Included In Rent.
Key Takeaways:
Data below.
*I intentionally like to keep these reports short and straightforward. If you have questions about any specific aspect of the market or want me to expand on the data shared, please reach out.
