Danforth Community Report

Beautiful home
Status: Just Listed

2301 Danforth Ave, Toronto, Ontario

Price: $569000

1 Bedrooms

1 Bathrooms [ 1 Full ]

Beautiful home
Status: Active

180 Holborne Ave, Toronto, ON

Price: $1450000

3 Bedrooms

4 Bathrooms [ 3 Full, 1 Half ]

Hot off the presses....

Happy October to all of you!

The September Numbers are IN! Another record breaking month for real estate with over 11,000+ sold stories across Toronto. More info on this below. 

In our neck of the woods, there were approx 200 sold stories that happened in September. Sharing those stories with each of you in the areas near those solds is what I have been doing for the last 20 years as your community SOLD storyteller. This includes the good, bad and ugly of what happens so you can make the best possible decisions on your moves. 

This is the grand opening weekend for my latest listing in our community. The First Resale on MLS at the Canvas Condominiums, the newest condo on the Danforth. Check it out and share the link with those you know that may want to call this area home. And more listings needed here if you live here too. 

And rest assured, this is about relationships for me. Not merely transactions. The stories you will hear below that are featured on my podcast show will help you understand how important this truly is. Your loyalty to me is always something I give back 1000x. 

Let's start off with a great story about one of my local clients on the move...click on the graphic for more reviews. 



As part of being your community helper and realtor since 2000, I also want to be sure you get the inside scoop on all things related to our local real estate market.

Lets start with local numbers and if you are ready to get specific, click on the button at the top right to find out YOUR home or condo value. 

E03 area Average Sold Price was $1,112,166
This area covers mostly Victoria Park to Broadview Ave up to St Clair area. 

E02 area Average Sold Price was $1,262,174
This includes the Woodbine Corridor, East End Toronto and the Beach area. 

To be added to my daily alerts for the all the hottest listings with 3D tours in the area, just register below. Its the best way to plan your first visit in 2020. 

And dont forget, local means everything to me. OPERATION 5000 meals is still going so for every local sold I handle, that's 500 meals donated to Daily Bread Food bank with a goal of reaching 5000 meals donated this year. Thank you for your support ! 




TORONTO, Oct. 06, 2020 (GLOBE NEWSWIRE) -- Toronto Regional Real Estate Board President Lisa Patel announced that sales reported through TRREB’s MLS® System by Greater Toronto Area REALTORS® amounted to 11,083 – a new record for the month of September. This result was up by 42.3 per cent compared to September 2019.

Following a record third quarter, sales through the first nine months of 2020 were up by approximately one per cent compared to the same period in 2019.

“Improving economic conditions and extremely low borrowing costs sustained record-level sales in September, as we continued to account for the substantial amount of pent-up demand that resulted from the spring downturn. Further improvements in the economy, including job growth, would support strong home sales moving forward. However, it will be important to monitor the trajectory of COVID-19 cases, the related government policy response, and the impact on jobs and consumer confidence,” said Ms. Patel.

Year-over-year sales growth in September continued to be driven by ground-oriented market segments, including detached and semi-detached houses and townhouses. Annual growth rates were also higher for sales reported in the GTA regions surrounding the City of Toronto.

The September 2020 MLS® Home Price Index Composite Benchmark was up by 11.6 per cent year-over-year. The average selling price for all home types combined in September was $960,772 – up by 14 per cent year-over-year.  Price growth was driven by the low-rise market segments.  The relatively better supplied condominium apartment segment experienced a comparatively slower pace of price growth.

“On a GTA-wide basis, market conditions tightened in September relative to last year, with sales increasing at a faster pace than new listings. With competition between buyers increasing noticeably, double-digit year-over-year price growth was commonplace throughout the region in September, resulting in the overall average selling price reaching a new record,” said Jason Mercer, TRREB’s Chief Market Analyst.

“The housing market recovery experienced throughout the summer benefitted the broader economy as well. Home sales reported through TRREB’s MLS® System result in billions of dollars in spin-off expenditures, support for tens of thousands of jobs, and billions of dollars in taxes paid to all levels of government. The demand for housing and the related economic impacts will continue in the post-COVID period as population growth resumes. Policymakers will need to continue their efforts to bring more housing supply on line to meet this longer-term demand,” said TRREB CEO John DiMichele.

Summary of TRREB MLS®  Sales and Average Price September 1 - 30, 2020
  2020 2019
  Sales Average Price New Listings Sales Average Price New Listings
City of Toronto ("416") 3,555 1,022,051 8,689 2,987 913,018 5,813
Rest of GTA ("905") 7,528 931,834 11,731 4,804 798,526 9,803
GTA 11,083 960,772 20,420 7,791 842,421 15,616

 

TRREB MLS® Sales & Average Price  By Home Type September 1 - 30, 2020
  Sales Average Price
  416 905 Total 416 905 Total
             
Detached 1,161 4,398 5,559 1,487,122 1,104,866 1,184,700
Yr./Yr. % Change 28.1% 63.6% 54.7% 9.4% 16.9% 12.9%
Semi-Detached 421 719 1,140 1,145,559 791,526 922,269
Yr./Yr. % Change 48.8% 55.6% 53.0% 7.2% 14.7% 10.6%
Townhouse 402 1,495 1,897 868,005 716,286 748,437
Yr./Yr. % Change 21.5% 55.7% 46.9% 10.3% 12.0% 10.5%
Condo Apartment 1,549 818 2,367 686,191 537,354 634,756
Yr./Yr. % Change 7.0% 32.1% 14.6% 7.7% 8.0% 6.6%

 

September 2020 Year-Over-Year Per Cent Change in the MLS® HPI
  Composite (All Types) Single-Family Detached Single-Family Attached Townhouse Apartment
TRREB Total 11.58% 12.95% 13.01% 13.30% 8.11%
Halton Region 14.20% 15.01% 15.44% 16.38% 11.56%
Peel Region 12.40% 11.95% 13.26% 13.89% 12.64%
City of Toronto 9.02% 12.17% 11.23% 11.27% 6.79%
York Region 11.84% 12.15% 12.02% 13.00% 9.79%
Durham Region 17.07% 16.77% 18.72% 18.15% 14.76%
Orangeville 17.43% 17.39% 19.17% - -
South Simcoe County1 20.00% 14.88% 15.04% - -
1South Simcoe includes Adjala-Tosorontio, Bradford West Gwillimbury, Essa, Innisfil and New Tecumseth  

 

Year-to-Date Summary of TRREB MLS®  Sales and Average Price YTD 2020
  2020 2019
  Sales Average Price New Listings Sales Average Price New Listings
City of Toronto ("416") 22,625 991,581 45,796 24,546 874,746 43,079
Rest of GTA ("905") 46,168 885,171 75,708 43,344 775,672 84,458
GTA 68,793 920,168 121,504 67,890 811,492 127,537

 

YTD TRREB MLS® Sales & Average Price  By Home Type  YTD 2020
  Sales Average Price
  416 905 Total 416 905 Total
             
Detached 6,920 26,991 33,911 1,479,915 1,037,034 1,127,410
Yr./Yr. % Change -1.8% 12.0% 8.9% 12.9% 12.9% 11.9%
Semi-Detached 2,176 4,390 6,566 1,168,941 762,998 897,529
Yr./Yr. % Change -2.8% 4.7% 2.1% 12.8% 11.3% 11.1%
Townhouse 2,498 9,326 11,824 838,377 697,127 726,968
Yr./Yr. % Change -2.9% 6.2% 4.1% 8.9% 11.9% 10.8%
Condo Apartment 10,896 4,854 15,750 685,586 529,298 637,420
Yr./Yr. % Change -13.0% -13.5% -13.2% 9.5% 11.2% 10.0%
Source: Toronto Regional Real Estate Board

 

Seasonally Adjusted TRREB MLS® Sales and Average Price1  
         
  Sales Month-over-Month
% Chg.
Average Price Month-over-Month
% Chg.
September '19 7,533 -2.3% $837,281 1.4%
October '19 7,475 -0.8% $839,945 0.3%
November '19 7,636 2.2% $846,374 0.8%
December '19 7,494 -1.9% $874,283 3.3%
January '20 7,538 0.6% $875,767 0.2%
February '20 9,484 25.8% $904,450 3.3%
March '20 7,308 -22.9% $894,745 -1.1%
April '20 2,483 -66.0% $789,054 -11.8%
May '20 3,708 49.3% $825,707 4.6%
June '20 6,510 75.6% $908,596 10.0%
July '20 9,275 42.5% $954,684 5.1%
August '20 10,309 11.1% $982,788 2.9%
September '20 9,767 -5.3% $949,681 -3.4%
Source: Toronto Regional Real Estate Board; CREA Seasonal Adjustment    
Preliminary seasonal adjustment undertaken by the Canadian Real Estate Association (CREA).  Removing normal seasonal variations allows for more meaningful analysis of monthly changes and underlying trends.

FOR FULL REPORT CLICK HERE.


Media Inquiries:
Mary Gallagher, Senior Manager, Public Affairs maryg@trebnet.net 416-443-8158

The Toronto Regional Real Estate Board is Canada’s largest real estate board with more than 56,000 residential and commercial professionals connecting people, property and communities.

www.trreb.ca/

 


 

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