HomeMarket Realty Inc. Brokerage

What's the short-term future of residential real estate? We asked seven market experts Housing prices held steady despite crippling economic conditions. Does that mean we're due for a market correction?

Apartment rents climbed sharply in the Greater Toronto Area in 2017 as population growth and low supply pushed vacancy levels below 1 per cent.

The Toronto Real Estate Board (TREB) said the average rent for a one-bedroom condominium apartment in the GTA climbed to $1,970 in the final quarter of last year, while rent for a two-bedroom condominium apartment rose 8.8 per cent to $2,627.

TREB president Tom Syrianos said the demand for new rental accommodation is continuing to grow in Toronto as the GTA's population continues to rise.

"The problem is that rental supply has not kept up with the increase in demand in recent years," he said in a statement. "The result has been low vacancy rates and intense competition between renters for available units."

The competition is so fierce that some landlords are seeing bidding wars emerge as prospective tenants offer to pay higher rents than the posted rate to win the apartment. Competition "has underpinned very strong growth" in average rents, Mr. Syrianos said.

Rental prices rise sharply in the GTA amid low vacancy, fierce tenant competition The average rent for a one-bedroom condo climbed to $1,970 in 2017’s final quarter, while rent for a two-bedroom condo rose to $2,627

“With more balanced market conditions, the pace of year-over-year price growth was more moderate in September compared to a year ago. However, the exception was the condominium apartment market segment, where average and benchmark sales prices were up by more than 20 per cent compared to last year. Tighter market conditions for condominium apartments follows consumer polling results from the spring that pointed toward a shift to condos in terms of buyer intentions,” said Jason Mercer, TREB’s Director of Market Analysis.

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“The relationship between sales and listings in the marketplace today suggests a balanced market. If current conditions are sustained over the coming months, we would expect to see year-over-year price growth normalize slightly above the rate of inflation. However, if some buyers move from the sidelines back into the marketplace, as TREB consumer research suggests may happen, an acceleration in price growth could result if listings remain at current levels,” said Jason Mercer, TREB’s Director of Market Analysis.

Market Watch- August 2017 Jason Mercer - Director, Market Analysis, discusses the Market Watch Report for August 2017.

Condos are smaller and smaller, some entrepreneurs see the need and opportunity!

Shape-shifting furniture for small condos Imagine your living room becoming a bedroom or your kitchen becoming a work area. Hasier Larrea, CEO and founder of Ori, has developed robotic furniture that can change your room with the push a button.

Average GTA condo rental rate hits $2,000 a month as landlords increase ahead of controls Landlords are boosting rents to try and beat new rent control rules brought in across the province in April

I've posted a new listing! 860 sqft Condo For Sale in Lake Shore/Windermere Toronto, Ontario. For Sale at $439,900.00. 1900 Lake Shore Blvd W, Lake Shore/Windermere Toronto.

Market Watch for Toronto hot real estate market - June 2015

Market Watch June 2015 Jason Mercer - Director, Market Analysis, discusses the Market Watch Report for June 2015

*** Location! Location! Location! ***

*** Spacious, well maintained and upgraded family home on a quiet street backing into the park and Finch corridor recreation trail ***

*** One of the largest model in the area with a premium lot ***

*** Large principal rooms with 3 bedrooms/2.5 baths, huge family room with stone fireplace and large den/office instead of a 4th bedroom *

*** Great neighbourhood with parks, soccer fields, school, library, hospital, TTC, shopping ***

*** Upgraded with newer thermal windows, roof, hardwood throughout, furnace,air conditioning, humidifier, air cleaner, garage door opener and entrance to the house from the garage, professional painting and more ****

*** Showing any time from 10 am to 8 pm ***

*** Offers welcome at 2 pm on Sunday April 5th with registration by 1 pm and certified cheque deposit ***


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Listing details: http://www.homemarketrealty.ca/Listing/ViewListingDetails.aspx?&listingid=157090360

Bright Corner Suite With Panoramic View Of Downtown, Lake And High Park *
Great Location Active Lifestyle, Across From Sunny Beach And Trails, Steps From TTC to Downtown, walk to Bloor West Village & Subway, Exibition & Blvd Club *

Large 2 Bdrm/2 Bath 860 Sf+46Sf Balcony * Completely Upgraded * Designer Condo* Shows Like Brand New * Granite Floors & Countertops * Marble * S/S Appliances * Parking Car & Bicycle * Extra Large Owned Locker

Privacy And Unobstructed View * Not Looking Into Other Buildings *

* Concierge, Gym, Yoga, Party, Courtyard For BBQ * Keyless Entry * Immediate Possession Available * Lock Box At Concierge * Pls Ensure Door Is Locked By Swiping The Card Key Fob *

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Listing details: http://www.homemarketrealty.ca/Listing/ViewListingDetails.aspx?&listingid=28542056