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" Thank you Eva, your approach to your business is truly outstanding, Stef and I have raved about the effort you put into finding us our home in Toronto. Simply world class! Thanks again. Anthony Cassar"
Toronto Real Estate Board Monthly Resale Housing Statistics
Sales and Average Price Up in March
April 3, 2014 -- Toronto Real Estate Board President Dianne Usher announced that Greater Toronto Area REALTORS® reported strong year-over-year increases in TorontoMLS home sales and the average selling price in March 2014. Home ownership affordability, backstopped by low borrowing costs, continued to be a key factor underlying this growth.
A total of 8,081 sales were reported in March 2014 – up by 7.2 per cent in comparison to March 2013. Sales growth was much stronger in March compared to the first two months of the first quarter. Sales for Q1 as a whole were up by three per cent compared to the first three months of 2013.
According to the Royal LePage House Price Survey, most regions showed healthy year-over-year price growth, with the average price of a home in Canada rising between 2.5 per cent and 5.4 per cent. In the first quarter, the average price of a two-storey home increased 5.4 per cent to $428,943, while detached bungalows rose 4.4 per cent year-over-year to $380,765. Standard condominiums posted slightly lower gains of 2.5 per cent to $252,174.
Toronto housing prices continued on their upward trajectory in the first quarter, with scarce inventory and multiple-offer scenarios driving prices up in desirable neighbourhoods. Detached bungalows and standard two-storey homes both saw robust year-over-year price appreciation, rising 4.1 per cent to $589,250 and 6.8 per cent to $716,698, respectively. Standard condominiums posted a more modest increase of 1.5 per cent to an average price of $364,979.
New! Home Energy Improvement Loan From The City of Toronto
New!City of Toronto's Home Energy Loan Program Kicks Off- March 24,2014
The City of Toronto has launched a new pilot program that provides low interest loans to homeowners who are interested in making their homes more energy efficient. The program is called HELP – Home Energy Loan Program.
For many people, the high upfront costs of doing energy improvements, such as installing new windows or a new energy efficient furnace, can make it difficult for them to take action. Through HELP, homeowners can access low interest loans from the City that they pay back over time on their property tax bill.
If your home postal code starts with any of these three digits, you are eligible to apply for a HELP loan: M1C; M1E; M1K; M1L; M1M; M1N; M3N; M4B; M4C; M4E; M4J; M4K; M4L; M4M; M5A; M6P; M6S.
As this is a pilot program, only certain areas of the City are eligible at this time, but
Are you curious what a condominium suite or home has sold for in a particular neighbourhood in Toronto? In my video series, I will provide you with a few sold prices of homes and condominiums, so you can decide if this is the neighbourhood where you would like to live.
Corso Italia, St. Clair Ave. W & Dufferin, Toronto
Royal LePage 2013 A Year In Review, Q4 Statistics
Conditions are ripe for a strong market in 2014.
TORONTO, January 9, 2014 – According to the Royal LePage House Price Survey and Market Survey Forecast released today, the average price of a home in Canada increased between 1.2 per cent and 3.8 per cent in the fourth quarter of 2013.
The survey showed year-over-year average price increases in the fourth quarter of 2013 of 3.6 per cent to $418,282 for standard two-storey homes and 3.8 per cent to $380,710 for detached bungalows, while the average price of a standard condominium rose 1.2 per cent to $246,530. Prices are expected to maintain healthy momentum into 2014, with Royal LePage projecting a 3.7 per cent increase nationally from 2013 and a shift to a seller’s market in the first portion of the year. Watch President of Royal LePage interviewed on CTV, talking 2014 housing market forcast.
I would like to thank my clients for all their referrals.
I thank you for the trust you place in my service and knowledge of real estate.
It gives me great joy to work for a friend that you referred. I respect the time and effort you took to talk about your experience with the sale or purchase of your home and I will honor that with your referrals.
I will continue to dedicate myself to providing the highest standard of service always. To every one of my clients, I know you have a choice when selecting a Realtor and Brokerage. At Royal LePage we thank you for choosing us. After all, Helping you is what we do!
Your Home may be in a neighbourhood which is in great demand due to a large supply of buyers presently in the Toronto Spring Real Estate Market. Singe Detached Homes and Semi Detached Homes are in short supply in various pockets of Toronto right now. I will advise you if your home is in a neighhourhood which is in great demand.
Please don’t hesitate or Call me so I can send you the latest sold or for sale properties on your street or neighbourhood to determine the demand in your area.