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

"She has a very kind and friendly disposition, she was in tune with my needs and wants in a home and she delivered fast and quick results."

Yemi

Tag Market Report

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 […]

Apr
6
2018

Our Chestnut Park March Market Report is Out – Once again, the lack of supply resulted in rising average sale prices.

In March the Toronto residential real estate market clearly demonstrated its resilience. Notwithstanding the provincial government’s attempt to engineer the market, it continues to respond to forces that have nothing to do with the Ontario Fair Housing Plan. That’s due primarily to the fact that the underlying basis for the province’s measures, namely foreign buyer […]

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 […]

Nov
16
2017

Our October Chestnut Park Real Estate Market Report is out! The market has rebounded – We now have an increase in supply for buyers, and steady but sustainable price increases for sellers!

The Toronto residential resale market returned to form in October. It returned to where it should have been before the frenzy set in at the beginning of this year and buyers began competing for properties indiscrimately and paying unreasonable prices. Price increases of 30 percent on a year-over-year basis are simply unsustainable. Even without the […]

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 […]

Jul
20
2017

Our June Chestnut Park Market Report is Out! Is our Pattern Similar to Vancouver??

June’s residential resale market data is as bewildering as the data was in May. The attention-getting news is that sales were lower by 37.3 percent compared to sales achieved in June 2016. Last year 12,725 properties were reported sold. This June only 7,974. Normally when sales are o by almost 40 percent other key market […]

Jun
13
2017

Our May 2017 Chestnut Park Market Report is out! The market has cooled but it’s only temporary …

There have been a number of changes in the Toronto and area residential resale market in the last two months, and yet in many ways it continues to resemble the market that had politicians and economists expressing sustainability concerns in February and in March. How is the market different? It can be summed up in […]

May
12
2017

Our Chestnut Park Real Estate Market Report for April is out! Sales taper off as inventory rises …

The Toronto and area marketplace behaved uncharacteristically in April. For the first time in many years the number of sales this month was fewer than the number of sales reported in the corresponding month the year before. In April there were 11,630 sales of residential properties in the greater Toronto area, a 3.2 percent decline […]

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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