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Greetings!
The early signs are pointing to an active spring market and one that is primarily driven by sellers. Multiple offers are becoming increasingly common and we expect this trend to continue through April and May. The supply levels remain low, below historical norms, which is giving buyers fewer homes to choose from. We are keeping close tabs on the upcoming provincial elections this June as real estate regulations continue to be a hot topic of discussion amongst the party leaders.
This month be sure to like our Facebook page for a chance to win two tickets to visit the Art Gallery of Ontario, review the monthly market statistics, and much more!
Elaine, Alex and Otto
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| "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." |
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| | | | End-users Flooding Condo Market to Detriment of Renters
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| | "The new mortgage rules have redirected Toronto’s would-be low-rise home buyers to the condo market, driving up prices and, in the process, deterring condo investors from purchasing units renters desperately rely on."
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20 Things You Should Deep Clean This Spring
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| There are a few places you won't need to tackle again until next year. |
| | | Easter Long Weekend Events & Activities in Toronto |
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Rarely Available, Bright Spacious 1+1 In The Heart Of North York!
Property Type: Condo Apartment Size: 700-799 Sq Ft # of Bedrooms: 1+1 # of Bathrooms: 1
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| Custom 2-Level Corner Sub-Penthouse, in Prime Downtown Harbourfront With Stunning Open Lake & City Views!
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| Ultra Exclusive Fully Furnished Suite At The Coveted Tiff Tower
Property Type: Condo Apartment Size: 1200-1399 Sq Ft # of Bedrooms: 2+1 # of Bathrooms: 2
Neighborhood: C01 Waterfront Communities FOR LEASE! |
| Yonge & Front Recently Renovated Unit
Property Type: Condo Apartment Size: 800-899 Sq Ft # of Bedrooms: 1+1 # of Bathrooms: 1
Neighborhood: C08 Waterfront Communities FOR LEASE! |
| | NEWSLETTER SIGNUP
Click here to continue receiving Toronto real estate market updates, homeowner tips, client discounts at participating home services partners, chances to win prizes, access to exclusive listings, investment opportunities, free seminar invitations and more! |
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ThinkTorontoHomes, Royal LePage Terrequity Platinum Realty
293 Eglinton Ave. East, Toronto, Ontario M4P 1L3 Canada www.thinktorontohomes.com | info@thinktorontohomes.com |
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