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Greater Toronto Area (GTA) REALTORS reported 5,879 transactions through the TorontoMLS system in September 2012. The average selling price for these transactions was $503,662, representing an increase of more than 8.5 per cent compared to last year.

In the market — I will be able to share September stats in the next communication.

An overall slower pace is expected although prices are remaining steady with many neighbourhoods still increasing slightly.

GTA REALTORS Release Mid-Month Resale Figures (click here for more details) September 18, 2012 — Greater Toronto Area (GTA) REALTORS reported 2,544 transactions through the TorontoMLS system in the first 14 days of September. This result was down by 15 per cent compared to the 2,995 sales reported during the same period in 2011. However,…

Good afternoon everyone; The fall real estate market is starting with vigor!  Many more homes are coming to market and many more bidding wars are taking place.  As expected, quality homes in desirable neighbourhoods are bringing many buyers with strong offers.  Sale prices are pushing past previous highs in several neighbourhoods.   The key to increasing…

Yesterday figures were released that the Toronto rental vacancy rate was at 1.5%.  This translates to a very tight supply of apartments for prospective renters.  Not since the early 90’s has there been such short supply (and in the early 80’s it was Air Supply — Sorry bad joke). You may remember several weeks ago…

I am back from holidays and would like to express a sincere thank you to my colleagues who managed my affairs while I was away. I am very glad and proud to be part of our Century 21 Fine Living brokerage. This summer’s real estate market is taking the same historical path in that overall…