416-925-9191 Tiffany Sly, Sales Representative, Chestnut Park Real Estate Limited, Brokerage

"I highly recommend Tiffany’s services to any person in search of their new home, and trust that you will be treated with the same warm and qualified service that I was lucky enough to experience."

Heather

Buyer/Seller Misc.

Oct
18
2018

Our September Chestnut Park Market Report is OUT!

The new normal in the Toronto residential real estate market has arrived. It has been finding its way for several months now, guided by the implementation of mortgage stress testing, the foreign buyer tax, and a number of mortgage interest rate hikes. It is now crystal clear, that the frenzied market of 2016 and early […]

Sep
20
2018

Our August Chestnut Park Market Report is out – the increase of sales will continue through to the end of this year.

Market data for August came in as expected. Both the average sale price and the number of residential properties reported sold increased compared to August 2017. The average sale price for all properties sold came in at $765,270, or almost 5 percent higher than last year’s average sale price of $730,969. The number of properties […]

Jun
11
2018

Our May Chestnut Park Resale Market Report is Out! The City Has and Continues to Rebound …

There were no surprises in the May resale figures for the Toronto and area residential market. The three themes that emerge are that the city of Toronto resale market continues to strengthen (416 region); the 905 region continues as a drag on the overall market; and the high-end of the resale market ($2 Million plus) […]

May
9
2018

Our April 2018 Market Report is Out! The proof is in the pudding – the Ontario Fair Housing Plan was not the answer.

The Toronto and area residential resale market continued its recovery in April. For the fourth consecutive month the market has shown improvement in both the growth of average sale prices and the number of properties reported sold. In April 7,792 residential properties were reported sold, and the average sale price for all properties reported sold […]

Mar
27
2018

Our February Resale Market Report is Out! Inventory is down and prices are up!

There were no surprises in February’s residential resale data. Last year in February the market was verging on delirium. With record low mortgage interest rates, a severe supply problem, and a collective psychological belief that if you didn’t buy immediately you would be shut out of the market permanently. Under these conditions it was not […]

Feb
25
2018

Our January 2018 Market Report is out. Buyer psychology & inventory still lacking but the condominium apartment market continues to be HOT!

The residential resale market in the rst month of 2018 is, in a phrase, a tale of two markets. Actually, that is not entirely true. It is a tale of many markets, a fractured landscape that varies by housing type, and, importantly, by location. The overall data for the greater Toronto area indicates that compared […]

Jan
22
2018

Our Chestnut Park December 2017 Market Report is Out! Everything points to a balanced, sustainable, yet strong residential resale market for 2018!

We move into 2018 saddled by a number of market factors that make predictions more difficult than they already are for any year in real estate. 2017 was, without doubt, one of the most remarkable years in the history of the Toronto residential real estate market. The year began in the most frenzied fashion possible. […]

Dec
14
2017

Our November Chestnut Park Market Report is out ! November finished strong but in a fractured fashion – not all markets were equal …

November finished strong but in a fractured fashion. To use a cliché, not all markets were equal in November. The City of Toronto (area code 416) continues to strengthen, following the market declines after the province’s announcement of the Ontario Fair Market Plan and in particular a 15 percent tax imposed on foreign buyers in […]

Oct
24
2017

Our September Chestnut Park Market Report is out! The market has recovered since the April announcements but some areas more than others …

The monthly average sale price had been on a downward spiral ever since the provincial government announced the introduction of a 15 percent foreign buyers tax on April 20th. In September the average sale price came in at $775,546. September’s average sale price was 6 percent higher than August’s average sale price, and almost 3 […]

Aug
18
2017

Our July Chestnut Park Market Report is out! The market has changed because of psychology …

It is safe to say that the lull in the Toronto and area residential resale market is not due exclusively to the summer doldrums, although the seasonal slowdown that happens every year in July and August is no doubt adding to the slow market. In July, 5,921 residential properties were reported sold for the greater […]

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©2018 Your friendly Toronto real-estate agent: Tiffany Sly,
Chestnut Park Real Estate Limited, Brokerage,
1300 Yonge Stree, Suite 100. Toronto, Ontario. , M4T 1X3 416.925.9191