All Posts in Tag: Weekly Communication

Greater Toronto Area REALTORS® reported 3,158 transactions through the TorontoMLS system during the first 14 days of September 2013. This result was up by 29 per cent in comparison to September 2012. Sales were up for all major home types on a year-over-year basis. The condominium apartment segment led the way with strong sales growth in the City of Toronto.

I will be away from Thursday September 19th until Saturday September 21st.

Please Call David Viti – Broker of Record should anything requires immediate attention.

Back to School! Got the kiddies off to a brand new school year and settling into a fall rhythm after a busier than usual summer. Another strong sales month for the GTA Real Estate Market. Both strong volume and sales pricing. Read the full Report.

My apologies that it has been several weeks since my last “weekly communication”. This summer has been busier than what I have been used to in the past 4-5 years. Typically I expected a slowdown (transactions not pricing) to the point where the market would seem to be stagnant. Last year we planned a 3 week family vacation around it and although I had full support/coverage in my absence it was largely uneventful.

Toronto Real Estate Board Commercial Division Members reported 681,000 square feet of combined industrial, commercial/retail and office space leased through the TorontoMLS system in July (space leased on a per square foot net basis for which pricing was disclosed). This result, which was driven by the industrial market segment, was 55 per cent higher compared to July 2012. Year-over-year growth in average lease rates reported on a per square foot net basis was mixed in July. Average industrial and office lease rates were down compared to last year, whereas the average commercial/retail lease rate was up.

It’s been a few weeks since my last communication as the market has still been fairly brisk compared to summers past.

The summer market is upon us and I expect to see a relative slow down on both transactions and new inventory coming out on market. Choice properties are still very much going into multiple offers and fetching new price highs.

June 26, 2013 — The Ministry of Municipal Affairs and Housing has released the province’s rent increase guideline for 2014. The 2014 guideline will be 0.8 per cent. The new rent increase guideline applies to a rent increase that begins any time between January 1, 2014 and December 31, 2014.

Greater Toronto Area (GTA) REALTORS® reported 10,182 sales through the TorontoMLS system in May 2013, representing a dip of 3.4 per cent compared to May 2012. Sales of single-detached homes in the GTA were up by almost one per cent compared to the same period last year, including a three per cent year-over-year increase in the City of Toronto.

Good morning everyone and my apologies for the break in weekly communications. It has been busy both in business and in family affairs.