Toronto Home Sales & Prices Continue To Grow in January 2015
TORONTO, February 4, 2015 -
Toronto Real Estate Board President Paul Etherington announced a strong start to 2015, with robust year-over-year sales and average price growth in January. Greater Toronto Area REALTORS® reported 4,355 home sales through the TorontoMLS system during the first month of the year. This result represented a 6.1 per cent increase over January 2014. The average selling price for January 2015 home sales was up by 4.9 per cent year-over-year to $552,575. The MLS® Home Price Index (HPI) Composite benchmark was up by 7.5 percent compared to January 2014. 4.
Just Sold! Welcome to suite 1105 in the Prestigious Residences at the top of Renaissance Plaza, Yorkville, Toronto. As you open the door to your suite you will be mesmerized by the breathtaking unobstructed south view of Toronto. 1105 is an opportunity to take this space and create your own masterpiece. A renovation jewel. With 1260 sq ft your designer can create your perfect comfort and definition of luxury not found in newly constructed condo buildings.
Check Out The Beautiful View of Toronto From This Suite,
ROYAL LEPAGE 2014 HOUSE PRICE SURVEY & THE YEAR AHEAD
TORONTO, January 14, 2015 – For the first half of 2015, Royal LePage expects a confluence of factors and the lower cost of oil to support continued positive price momentum in the Greater Toronto Area (GTA), which should experience the highest major market price increases. Ontario’s strengthened export economy buttressed by a flourishing U.S. economy and lower Canadian dollar; improved labour market trends; and unsatisfied demand from countless home buyers who lost out in 2014 GTA bidding wars are expected to carry the all-important 2015 spring market, according to the Royal LePage House Price Survey and Market Survey Forecast released today.
Continuing low inventory and a complete lack of a winter slowdown saw significant increases across all major Toronto housing types. Detached bungalows rose 11.6 per cent to $647,535, while prices for standard two storey homes increased 8.6 per cent to $745,062. Standard condominium prices saw an increase of 6.9 per cent year-over-year to $384,680.
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
Thank You For Client Referrals
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!
Buyer Inspection Of Property Video, No Wasting Your Time
As your buyer real estate agent, I inspect properties for you, But Now, I am excited to offer you my new "Pre- Inspect Property Video " which will save you even more valuable time. Once I consult with you in regards to your wish list for your new property purchase, I will visit potential properties and take a video of the home or condo, then quickly e-mail it to you for review. No more visiting properties that don't meet your expectations with ugly surprises. Please don't hesitate to contact me when ever you are ready to purchase your property.
How I Work For You To Achieve Your Real Estate Objectives
The Wild West is Currently in The Cold North. Ready, Set Fire, The Highest Bid Wins the Purchase Battle in Toronto.
February 20,2015. Caution! Central Toronto’s homes for sale are currently in multiple offers. Whoever pulls the trigger the fastest for the highest purchase price wins. If you’re not represented by a Realtor you will not even have a chance to view the property let alone be prepared to submit an offer because the property is only listed for 5 -7 days before offers are presented. This is a very short time frame to make one of the biggest decisions of one’s life. Sure, if you are a seller you “may” (if your property is located in a demand location) reap the rewards of this current trend, however you will be in the same market purchasing, therefore you will also be a buyer who finds out the highest bid was $100,000 higher than what the neighbourhood statistics show. For example, can you justify paying $900,000 in a neighbourhood where the average home values are in the range $650,000- $750,000. As a Realtor, I have plenty of valuable facts and statistics to educate you on neighbourhood market values, you will have plenty of information to make an educated decision in addition to setting a maximum budget for each home. You don’t need to pull the trigger aimlessly, there will always be a better home available around the corner.
Gossip Real Estate, Eva Bonomolo
Tour of A Home Inspection
Take a tour of a Home Inspection, Know What To Expect. I advise all my clients to have a Home Inspection done prior to any offer on a home purchase.