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

Chestnut Parks number three team

Tag Real Estate Market

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 […]

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 […]

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 […]

Apr
25
2017

The Ontario Fair Housing Plan – will it work? and what will be the impact on the real estate resale market?

On April 20th, the provincial government introduced the Ontario Fair Housing Plan. It is an omnibus package of measures with the stated intent to “help more people find affordable homes, protect buyers and renters and bring stability to the real estate market.” Two questions emerge: will it work, and what will be the impact on […]

Apr
20
2017

Our March Market Report is Out – The Toronto market place continues to be shaped by global factors as much as local factors such as supply and low mortgage interest rates.

March residential resale numbers were staggering, in every category. More than 12,077 homes changed hands in March, up almost 18 percent compared to the 10,260 that were reported sold last year. In comparing 2017 against 2016 it must be remembered that 2016 smashed all records for residential resales. The most daunting statistic emerging for March’s data […]

Nov
16
2016

Our October Chestnut Park Market Report is out! – The Seller’s market continues and how the new mortgage rules is affecting buyers…

In October the Federal Finance Minister implemented new “stress testing” for buyers looking for high ratio loans. A buyer seeking a high ratio loan normally has less than 20 percent of the purchase of the property. The new “stress testing” rules require borrowers to be qualified at banks’ posted rates, and not the discounted rates, […]

Jun
20
2016

Our Toronto Market Report is out – This was the best May in the history of the Toronto!

May 2016 was the best May in the history of the Toronto and area residential resale market. The market has evolved in such a way that every month new records are set. May was no exception. The 12,870 reported sales were a record. That number eclipsed May 2015 sales by more than 10 percent. Last […]

Mar
16
2016

Our February Toronto Market Report is out. The average sale price hits a new record!

January’s exceptional start paled in comparison to February’s results. February set a new high water mark for sale prices in Toronto. This speaks to the power of the Toronto resale market. In the past when records for average sale prices have been set its usually in the months of April and May, the months that are […]

Feb
22
2016

Our January 2016 Toronto Real Estate Market Report is out – Inventory is still lacking !

The new year started strong, producing 4,672 residential resales, an increase of more than 8 percent compared to the 4,318 sales the market produced during January 2015. The big story early in the year is not sales, but the lack of inventory. In January only 8,957 new properties became available for sale in the greater […]

Jan
18
2016

Our December 2015 Toronto Real Estate Market Report is out!

It’s almost anticlimactic to write about the Toronto residential resale market for December and year end 2015. The anticipation of a record breaking year had evaporated by September. Barring some economic catastrophe, by the early fall it was becoming apparent that the long standing record of 93,193 sales achieved in 2007 was going to fall […]

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©2013 Your friendly Toronto real-estate agent: Tiffany Sly, Chestnut Park Real Estate, Toronto, Ontario. Phone: 416-925-9191