Your Etobicoke Real Estate Market Housing Update

Posted on: May 12th, 2020

Welcome to your Etobicoke real estate market housing update. We are in the midst of our 9th week of isolation here in Etobicoke.  For those of you that are at home, are you getting the hang of it yet? I know it has turned a lot of people’s lives upside down and for others it’s business as usual if they were already working from home. 

For me working from home, surprisingly I have found my home to be a tad bit smaller than I realized throughout this quarantine? Have you found that? I’ll tell you one thing though, I am so very grateful to have a home as my refuge that I am healthy and safe in right now! 

If you haven’t heard by now, after a stellar 1st Quarter of real estate activity in the GTA that suggested a record breaking spring market was in store. The Coronavirus pandemic and resulting government health and safety measures abruptly changed everything! As expected, social distancing orders have quieted the market.

Etobicoke and Toronto Real Estate

What is in store for us in the coming months?

(more…)

Want more? Sign up for updates it's FREE!
I respect your privacy and will NEVER sell, rent or share your email address.

Mimico and New Toronto Real Estate Monthly Report

Posted on: May 12th, 2020

What happened in the real estate market in Mimico and New Toronto last month? In the midst of the Covid 19 pandemic affecting us all, there were a total of 34 homes sold in April 2020. This represents a decrease of 67 homes since the month of March 2020. Interestingly sales in the GTA decreased 67% in the same month. See my post about it here

April 2020 Sold Prices

Take a look at the average sales price for each home type for Mimico and New Toronto.

Mimico and New Toronto Real Estate

As to be expected there was a decrease in the average sales price in the condo market segment. However the average price of a detached home is holding steady.

Have you been thinking about buying a home in Mimico or New Toronto and not sure what the future holds? 

(more…)

Want more? Sign up for updates it's FREE!
I respect your privacy and will NEVER sell, rent or share your email address.

Toronto and Etobicoke Real Estate Home Sales for April 2020

Posted on: May 7th, 2020

As we continue our 8th week of isolation during the state of emergency, you may have concerns about how the real estate market is being impacted by Covid 19. Here is a break down of Toronto and Etobicoke Real Estate Home Sales for April 2020. 

Toronto Regional Real Estate Board President Michael Collins released the following key housing market statistics for April 2020:

Home Sales and Listings

As to be expected due to the state of emergency, there was a huge decrease in sales in the Greater Toronto Area as REALTORS® reported 2,975 residential transactions through TRREB’s MLS® System. This is down by 67% compared to April 2019 even though that isn’t even a fair comparison.

Weekday sales remained within a relatively steady range during the month of April averaging 130 per day.

New listings amounted to 6,174 in April also down on a year-over-year basis by a similar rate compared to sales (-64.1 %).

Etobicoke Real Estate

 

Read on to find out more about Toronto and Etobicoke Real Estate Home Sales for April 2020. 

(more…)

Want more? Sign up for updates it's FREE!
I respect your privacy and will NEVER sell, rent or share your email address.

Amidst the Covid 19 Pandemic – Should you defer your mortgage?

Posted on: April 14th, 2020

What a drastic change from one month ago! Most of us are working from home and under some sort of quarantine. On top of daily updates about Covid 19 and our economic challenges, you are undoubtedly hearing about the effect on the current real estate market. Amidst the Covid-19 Pandemic you may be wondering if you should defer your mortgage?  

Etobicoke Real Estate

Let’s take a look at what happened this past March.

(more…)

Want more? Sign up for updates it's FREE!
I respect your privacy and will NEVER sell, rent or share your email address.

Toronto and Etobicoke Real Estate Home Sales for March 2020

Posted on: April 8th, 2020

Like many people, you may have concerns about how the real estate market is being impacted by Covid 19? Here is a break down of Toronto and Etobicoke Real Estate Home Sales for March 2020. 

Toronto Regional Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,012 home sales through TRREB’s MLS® System in March 2020 – up by 12.3% compared to 7,132 sales reported in March 2019.

However, despite a strong increase in sales for March 2020 as a whole, there was a clear break in market activity between the pre-COVID-19 and post-COVID-19 periods. For the purposes of this release, the start of the post-COVID-19 period was the week beginning Sunday, March 15.

Read on to find out more about Toronto and Etobicoke Real Estate Home Sales for March 2020. 

(more…)

Want more? Sign up for updates it's FREE!
I respect your privacy and will NEVER sell, rent or share your email address.

Mimico and New Toronto Real Estate Monthly Report

Posted on: April 1st, 2020

Mimico and New Toronto Real Estate was still very hot last month. Even with all the changes in the world, there were a total of 101 homes sold, an increase of 5 homes from the month before. Overall the month of March did very well.

March 2020 Sold Prices

Take a look at the average sales price for each home type for Mimico and New Toronto.

Mimico and New Toronto Real Estate

Have you been thinking about buying a home in Mimico or New Toronto and not sure what the future holds? 

(more…)

Want more? Sign up for updates it's FREE!
I respect your privacy and will NEVER sell, rent or share your email address.

How does a first time buyer get into the Toronto real estate market today?

Posted on: March 10th, 2020

I hear it so often these days. “How can a first time buyer afford these prices in Toronto?” and “How does a first time buyer get into the Toronto real estate market today?”

New toronto and Mimico Real Estate

According to the latest stats from the Toronto Regional Real Estate Board (TRREB) the average sales price of a home in the GTA is $839,363 which is up 15.4% from a year ago. With the low amount of houses currently for sale it is estimated that prices will continue to increase throughout the year. What is a first time buyer to do? Is the dream of home ownership just never meant to be?

(more…)

Want more? Sign up for updates it's FREE!
I respect your privacy and will NEVER sell, rent or share your email address.

Toronto and Etobicoke Real Estate Home Sales for February 2020

Posted on: March 4th, 2020

Did you hear how well the Toronto and Etobicoke real estate markets performed this past February 2020?

In line with the forecast contained in the Toronto Regional Real Estate Board’s recently released Market Year in Review and Outlook Report, TRREB President Michael Collins announced a very strong year-over-year sales and price growth in February 2020.

Greater Toronto Area REALTORS® reported 7,256 residential transactions through TRREB’s MLS® System in February 2020, representing a 45.6% increase compared to a 10-year sales low in February 2019. However, February 2020 sales were still below the 2017 record result. Year-over-year sales growth, for the GTA as a whole, was strongest for ground-oriented home types.

Toronto and Etobicoke Real Estate Agent

 

(more…)

Want more? Sign up for updates it's FREE!
I respect your privacy and will NEVER sell, rent or share your email address.

Mimico and New Toronto Real Estate Monthly Report

Posted on: March 3rd, 2020

Mimico and New Toronto Real Estate is Hot! Last month there were 97 homes that sold in the Mimico and New Toronto neighbourhoods.

Are these areas you are considering for your next home?

With a variety of home styles to choose from in Mimico and New Toronto, it’s a great place to consider for your first move or even your next move. The waterfront and the many trails make it a great place for the outdoor enthusiast and nature lover. With a close commute to downtown Toronto, lots of local shops and restaurants to choose from, many great schools, lots of local parks and close to all major highways what else could you ask for?

February 2020 Sold Prices

Take a look at the full report here for Mimico and New Toronto real estate to see what the average sold prices are for each home type.

Mimico and New Toronto Real Estate

(more…)

Want more? Sign up for updates it's FREE!
I respect your privacy and will NEVER sell, rent or share your email address.

Mimico and New Toronto Real Estate Monthly Report

Posted on: February 25th, 2020

Interested in knowing how the real estate market is performing in the Mimico and New Toronto neighbourhoods?

Is this an area you have been considering for your next home?

There are a variety of home styles to choose from in Mimico and New Toronto so it’s a great place to consider for your first move or even next move. With the appeal of the waterfront and it’s many trails and outdoor activities it is a great place for the outdoor enthusiast and nature lover. Couple that with a close commute to downtown Toronto, lots of local shops and restaurants to choose from, many great schools, lots of local parks and close to all major highways what else could you ask for?

Mimico and New Toronto Real Estate Update

(more…)

Want more? Sign up for updates it's FREE!
I respect your privacy and will NEVER sell, rent or share your email address.