North Toronto and Lawrence Park Real Estate in 2018
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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.

Call Adam for a Home Valuation at 416-575-6900
email at adam@adamsaunders.biz


2018 Periodic Updates


GTA REALTORS Release September Stats:
TORONTO, ONTARIO, October 3, 2018
- Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS reported 6,455 sales through TREB's MLS System in September 2018 - up 1.9 per cent compared to September 2017. The average selling price for September 2018 sales was up by 2.9 per cent over the same period to $796,786. The MLS HPI composite benchmark price was up by two per cent year-over-year.

New listings entered into TREB's MLS System in September 2018 amounted to 15,920 - down by 3.1 per cent compared to September 2017. With sales up year-over-year and new listings down, market conditions became tighter. Many buyers may have found it more difficult to find a home meeting their needs.

"It is healthy to see sales and prices in many areas across the Greater Toronto Area up a bit, compared to last year’s lows. At the same, however, it is important to remember that TREB's market area is made up of over 500 communities. Market conditions have obviously unfolded differently across these communities. This is why it's important to work with a REALTOR who is familiar with local market conditions in your areas of interest,” said Mr. Bhaura.

"While higher borrowing costs and tougher mortgage qualification rules have kept sales levels off the record pace set in 2016, many households remain positive about home ownership as a quality long-term investment. As the GTA population continues to grow, the real challenge in the housing market will be supply rather than demand. The Toronto Real Estate Board is especially concerned with issues affecting housing supply as we move towards municipal elections across the region," added Mr. Bhaura.

On a monthly basis, after preliminary seasonal adjustment, sales edged up by 0.2 per cent in September 2018 compared to August 2018. The average selling price, after preliminary seasonal adjustment, edged lower by 0.5 per cent month-over-month.

"Generally speaking, annual rates of price growth have been stronger for higher density home types in 2018, including condominium apartments, townhouses and semi-detached houses. In many neighbourhoods, these home types provide more affordable home ownership options. This is why a policy focus on increasing mid-density housing options throughout the GTA is important," 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.


Davisville Village
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. Syrianos.

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 Market Analysis.




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