Gillian Santink’s · Not intended to solicit Buyers or Sellers currently under contract with...
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Don Mills Real Estate Report Gillian Santink’s Not intended to solicit Buyers or Sellers currently under contract with another Realtor. [email protected] Office: 416-494-7653 | Direct: 416-689-8821 Connect with me on-line www.GillianSantink.com HALLMARK REALTY LTD., BROKERAGE Each Office Independently Owned and Operated 685 Sheppard Ave. E #401, Toronto, ON, M2K 1B6 Sales Up and Listings Down in February TORONTO, ONTARIO, March 3, 2017 – Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 8,014 residential sales through TREB’s MLS® System in February 2017. Despite the fact that February 2016 had one more day due to the leap year day, this result was up on a year-over- year basis by 5.7 per cent compared to 7,583 sales reported last year. “The February statistics tell me that many Greater Toronto Area households continue to view home ownership as a great long-term investment. The high demand for ownership housing we’re seeing is broad-based, with strong sales growth for most low-rise home types and condominium apartments. This makes sense given the results of a recent consumer survey undertaken for TREB by Ipsos, which found an even split between intending first-time buyers and existing homeowners who indicated that they were planning on purchasing a home in 2017,” said Cerqua. While the demand for ownership housing grew over the past year, new listings entered into TREB’s MLS® System in February were down on a year-over-year basis by 12.5 per cent to 9,834. The MLS® HPI Composite Benchmark Price was up by 23.8 per cent compared to February 2016. Similarly, the average selling price was up by 27.7 per cent year-over-year to $875,983. Annual rates of price growth continued to be strongest for low-rise home types, particularly detached houses. Growth rates for condominium apartment prices were also in the double digits, likely a result of strong demand from first-time buyers. “The listing supply crunch we are experiencing in the GTA has undoubtedly led to the double digit home price increases we are now experiencing on a sustained basis, both in the low-rise and high-rise market segments. Until we see a marked increase in the number of homes available for sale, expect very strong annual rates of price growth to continue,” said Jason Mercer, TREB’s Director of Market Analysis. Thinking of Downsizing and need some help? Red Coats Moving solutions is one of the best kept secrets in Toronto, I highly recommend Vicky and her crew. Together, we can help you make a smooth transition into your new home. Call for a Complimentary Consultation 416-920-1317 [email protected] www.redcoatsmoving.com Vicky Riley Keyes, President, Red Coats Moving Solutions Let our experienced team help Downsizing • Decluttering • Moving • Home Clear-Out
Transcript of Gillian Santink’s · Not intended to solicit Buyers or Sellers currently under contract with...
Not intended to solicit Buyers or Sellers currently under contract with another Realtor.
416-494-7653
Connect with me on-linewww.GillianSantink.com
HALLMARK REALTY LTD., BROKERAGEEach Office Independently Owned and Operated
685 Sheppard Ave. E #401, Toronto, ON, M2K 1B6
Don Mills Real Estate ReportGillian Santink’s
TORONTO, ONTARIO, October 5, 2016 – Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 9,902 sales through TREB’s MLS® System in September 2016. This result was up by 21.5 per cent compared to September 2015. For the region as a whole, strong annual rates of sales growth were experienced for all major home types. The pace of detached sales growth was slower in the City of Toronto and the number of semi-detached sales was down compared to last year. In both cases, the year-overyear dip in new listings was likely the issue. “We continued to see strong demand for ownership housing up against a short supply of listings in the Greater Toronto Area in September. The sustained lack of inventory in many neighbourhoods across the GTA continued to underpin high rates of price growth for all home types,” said Mr. Cerqua.
Both the MLS® Home Price Index (HPI) Composite Benchmark and the average selling price for all home types combined were up strongly on a year-over-year basis in September. The MLS® HPI Composite Benchmark grew by 18 per cent compared to September 2015. The average selling price was up by 20.4 per cent to $755,755. It is important to remember that the MLS® HPI provides a price growth measure for a benchmark home, thereby allowing for an apples-toapples comparison from one year to the next. The average selling price can be influenced by changes in both market conditions and the mix of homes sold.
Sales Growth Continues in September
AD SPACE, RECENT SALES, RECENT LISTED, ETC.
AD SPACE, RECENT SALES, RECENT LISTED, ETC.
AD SPACE, RECENT SALES, RECENT LISTED, ETC.
Not intended to solicit Buyers or Sellers currently under contract with another Realtor.
Office: 416-494-7653 | Direct: 416-689-8821
Connect with me on-linewww.GillianSantink.com
HALLMARK REALTY LTD., BROKERAGEEach Office Independently Owned and Operated
685 Sheppard Ave. E #401, Toronto, ON, M2K 1B6
Sales Up and Listings Down in FebruaryTORONTO, ONTARIO, March 3, 2017 – Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 8,014 residential sales through TREB’s MLS® System in February 2017. Despite the fact that February 2016 had one more day due to the leap year day, this result was up on a year-over-year basis by 5.7 per cent compared to 7,583 sales reported last year.
“The February statistics tell me that many Greater Toronto Area households continue to view home ownership as a great long-term investment. The high demand for ownership housing we’re seeing is broad-based, with strong sales growth for most low-rise home types and condominium apartments. This makes sense given the results of a recent consumer survey undertaken for TREB by Ipsos, which found an even split between intending first-time buyers and existing homeowners who indicated that they were planning on purchasing a home in 2017,” said Cerqua.
While the demand for ownership housing grew over the past year, new listings entered into TREB’s MLS® System in February were down on a year-over-year basis by 12.5 per cent to 9,834.
The MLS® HPI Composite Benchmark Price was up by 23.8 per cent compared to February 2016. Similarly, the average selling price was up by 27.7 per cent year-over-year to $875,983. Annual rates of price growth continued to be strongest for low-rise home types, particularly detached houses. Growth rates for condominium apartment prices were also in the double digits, likely a result of strong demand from first-time buyers.
“The listing supply crunch we are experiencing in the GTA has undoubtedly led to the double digit home price increases we are now experiencing on a sustained basis, both in the low-rise and high-rise market segments. Until we see a marked increase in the number of homes available for sale, expect very strong annual rates of price growth to continue,” said Jason Mercer, TREB’s Director of Market Analysis.
Thinking of Downsizing and need some help?
Red Coats Moving solutions is one of the best kept secrets in Toronto, I highly recommend
Vicky and her crew. Together, we can help you make a smooth transition into your new home.
Call for a Complimentary Consultation 416-920-1317 [email protected] www.redcoatsmoving.com
Vicky Riley Keyes, President, Red Coats Moving Solutions
Let our experienced team helpDownsizing • Decluttering • Moving • Home Clear-Out
Not intended to solicit Buyers or Sellers currently under contract with another Realtor.
Office: 416-494-7653 | Direct: 416-689-8821
Connect with me on-linewww.GillianSantink.com
HALLMARK REALTY LTD., BROKERAGEEach Office Independently Owned and Operated
685 Sheppard Ave. E #401, Toronto, ON, M2K 1B6
Don Mills Real Estate Report
Property # of sales
Average Sold Price
Average days to sell
16 Dallimore Circle
120 Dallimore Circle1 bed / 1 bath (500-599 sq ft) 4 303,475$ 11
1 + 1 bed / 1 bath (600-699 sq ft) 1 288,000$ 322 bed / 1 bath (600-699 sq ft) 1 317,000$ 23
2 + 1 bed / 2 bath (700-799 sq ft) 1 357,500$ 751 bed / 2 bath (700-799 sq ft) 1 379,250$ 8
75 The Donway West0 bed / 1 bath (0-499 sq ft) 2 296,500$ 18
1 bed / 1 bath (500-599 sq ft) 1 318,000$ 322 bed / 1 bath (600-699 sq ft) 2 396,650$ 16
85 The Donway West1 + 1 bed / 2 bath (700-799 sq ft) 1 468,000$ 22
99 The Donway West1 bed / 1 bath (600-699 sq ft) 1 372,000$ 85
160 The Donway West2 bed / 1 bath (800-899 sq ft) 1 275,000$ 8
205 The Donway West1 + 1 bed / 1 bath (600-699 sq ft) 2 405,500 10
215 The Donway West2 bed / 2 bath (1000-1199 sq ft) 1 550,000$ 302 bed / 2 bath (1200-1399 sq ft) 1 745,000$ 72 bed / 2 bath (1400-1599 sq ft) 1 720,000$ 252 bed / 2 bath (1600-1799 sq ft) 1 874,888$ 9
225 The Donway West
245/255 The Donway West 2 bed / 2 bath (1200-1399 sq ft) 1 550,000$ 3
2 + 1bed / 2 bath (1200-1399 sq ft) 1 675,000$ 74801 Lawrence Ave E.
2 bed / 2 bath (1200-1399 sq ft) 1 612,000$ 41101 Leslie St.
2 bed / 2 bath (900-999 sq ft) 1 525,500$ 91103 Leslie St.
2 + 1 bed / 2 bath (900-999 sq ft) 1 519,900$ 61105 Leslie St.
1200 / 1210 Don Mills Rd.2 bed / 2 bath (1000-1199 sq ft) 1 488,000$ 22 bed / 2 bath (1200-1399 sq ft) 1 675,000$ 2
Statistics courtesy of Toronto Real Estate Board, and reflect sales as reported.
No sales in this period.
December 1st 2016 to February 28th, 2017
Don Mills Condominiums
No sales in this period.
No sales in this period.
Property Type # of sales
Average Sold Price
Average days to sell
Bungalow 16 1,841,868$ 91 1/2 storey 1 1,791,800$ 7
2 Storey 1 2,303,000$ 9Detached Listed Over $2,000,000
2 Storey 1 2,450,000$ 114Detached Listed Over $3,000,000
2 Storey 1 3,188,000$ 17Detached Listed Over $4,000,000
2 Storey 1 4,238,000$ 2Semi Detached House
2 StoreyAtt/Row/Townhouse
David Dunlap area (2 Storey)David Dunlap area (3 Storey) 2 951,000$ 9
Preakness area (3 Storey)Overland / Barbara Green /
Cora Urbel areaStatistics courtesy of Toronto Real Estate Board, and reflect sales as reported.
Property Type # of sales
Average Sold Price
Average days to sell
Condo Townhouse75 The Donway West 1 888,000$ 6
Haldenby area 1 850,000$ 9Cora Urbel Area
Barber Greene / Southill, Cottonwood, Broadpath area
1 729,000$ 8
Dutch Myrtle /Wax Myrtle Way / Birchbank
Statistics courtesy of Toronto Real Estate Board, and reflect sales as reported.
No sales in this period.
No sales in this period.
No sales in this period.
No sales in this period.
No sales in this period.
No sales in this period.
Don Mills Houses December 1st 2016 to February 28th, 2017
December 1st 2016 to February 28th, 2017Don Mills Condo Townhouses
Detached Listed Under $2,000,000
Average Price # of SalesFeb-17 Feb-16 % Change Feb-17 Feb-16 % Change
City of Toronto (416) $859,186 $720,633 19.2% City of Toronto (416) 2,900 2,794 3.8%Rest of GTA (905) $885,508 $665,380 33.1% Rest of GTA (905) 5,114 4,789 6.8%GTA $875,983 $685,738 27.7% GTA 8,014 7,583 5.7%Source: Toronto Real Estate BoardDays on Market Feb-17 Feb-16 % Change Active Listings Feb-17 Feb-16 % ChangeTreb Total 13 21 -38.1% Treb Total 5,400 10,902 -50.5%Source: Toronto Real Estate Board # of properties for sale in the GTA
NOTE: The shortage of available properties for sale is continuing to drive prices up.As you can see, the number of active listings at the end of February, was 50.5% below 2016 levels.
Key Toronto Real Estate Board Stats for February
