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

Tag Toronto Real Estate Market

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) […]

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 […]

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 […]

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 […]

Sep
6
2016

Our July Toronto Real Estate Market Report is OUT. The Average Sale Price is up 16.6% Year over Year!

The Toronto residential resale market set a new record for sales in July. It appears that there are no more seasonal slowdowns. Almost 10,000 properties were reported sold in July, a month when historically both buyers and sellers took vacations and the number of sales dropped noticeably. Not this year. With 9,989 properties changing hands, […]

Feb
26
2016

You want to buy a house this Spring? Why getting pre-approved for a mortgage NOW is the best plan.

Spring is the busiest season in the Toronto real estate market. Be prepared! Before you start attending open houses and planning how you’ll arrange the furniture in your new living room, you should take the first step in the home-buying process: getting pre-approved for a mortgage. Why bother to get pre-approved? Shouldn’t you find the house […]

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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©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