Close up of Mimico and Longbranch

Market Statistics for West District

http://www.toronto.ca/demographics/pdf3/cpa17.pdf

For information about what has sold in this neighbourhood, or homes currently available for sale email igor416@gmail.com or use this contact me window click here

GTA Return On Investment Press Release 2009

GTA real estate proves resilient during first six months of 2009, says RE/MAX

One in five neighbourhoods have surpassed pre-recession average price levels Mississauga, Ontario (July 28, 2009) - In the midst of the recession, approximately twenty per cent of single-detached homes and condominiums in Greater Toronto Area neighbourhoods managed to post an increase in average price, according to RE/MAX.

The RE/MAX Return on Investment Report found that 11 (17 per cent) of the 65 Toronto Real Estate Board (TREB) districts reported an upswing in the value of a single-detached home in the first six months of 2009, despite one of the worst first quarters on record. The Beach (E02) saw the greatest percentage increase year-over-year at 3.79 per cent, with average price rising to $715,422, up from $689,278 in June, 2008. Pickering (E13) placed second, with the average price of a single-detached home climbing 3.72 per cent to $389,536, up from $375,577 from one year earlier. Willowdale, Newtonbrook (C14) ranked third, with a single-detached home rising in value from $754,470 to $779,537 -- a 3.32 per cent increase. Rounding out the top five neighbourhoods are newcomers Downsview, Weston (W04) – where prices have climbed 2.25 per cent to $384,485 from $376,007, and Rouge, Malvern (E11) where a 1.99 per cent uptick has brought year-to-date housing values to $345,468 (from $338,738).

“Purchasers clearly moved to take advantage of greater affordability in the marketplace in the first half of the year,” says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. “Prices were down in virtually every neighbourhood surveyed; supply of homes listed for sale was at an all-time high; and interest rates were at historic levels. If you’re a buyer, it doesn’t get much better than that.”

Given their more affordable price point, condominium properties fared slightly better than single detached homes, with 13 (22 per cent) of 59 TREB districts posting an increase in average price.

Condos in Cliffcrest, Guildwood (E08) in the city’s east end saw the greatest appreciation in value, with average price climbing 6.45 per cent to $175,855, up from $165,197 one year ago. North Toronto, Cricket Club (C04) ranked second with a 6.1 per cent increase in average price, bringing condominium values to $301,065 (up from $283,746). Downsview, Weston (W04) clinched third spot, with a 4.37 per cent increase in average price to $173,083 in June 2009, up from $165,834 one year earlier. Mississauga’s thriving Port Credit community (W12) experienced a 2.63 per cent increase in condominium values year-over-year – with average price hovering at $304,954. Bendale, Woburn, and West Hill comprise E09, where the average price of a condo appreciated 2.46 per cent over figures reported one year ago to $201,830.

“But that was then and this is now,” says Polzler. “Lower inventory levels combined with increased demand -- comparable to what we’ve seen in recent months -- is expected to place renewed pressure on housing values for the remainder of the year. As a result, average prices are forecast to be at par or slightly ahead of last year’s levels by year-end in almost all neighbourhoods.”

Case in point is areas like Toronto’s east end, where bidding wars are breaking out on single-detached properties daily. The average sale-to-list price ratio in E01 and E02 approaches 100 per cent. Average prices are up in four of the 18 East District neighbourhoods. Overall average price in the east is down less than one per cent to $346,597 from the January to June 2008 figure. The areas with the highest percentage decreases in the average price of a single-detached home have also seen the greatest increases in the number of properties sold. The overall average price of a single-detached home fell by 5.17 per cent in the Central District to $884,036, down from $932,198 one year ago, while the North District dropped 4.49 per cent in value to $526,693, down from $551,452 in June 2008. Sales are up in both areas, with 2,000 homes changing hands in the central area (up 4.28 per cent over one year ago) and 4,249 properties sold in the north (up three per cent from June 2008).

Only one district reported an overall increase in the average price. Condominiums in the North

District – comprised mostly of York Region – posted a 0.26 per cent increase in values – and now hover at $275,822, compared with $275,113 one year ago.

“The momentum going forward is expected to be healthy – buoyed by positive economic data and a return to stability in the financial sector,” says Polzler. “There may be some bumps along the road, but all in all, the worst is over for the residential real estate in the Greater Toronto Area.”

RE/MAX is Canada’s leading real estate organization with over 17,000 sales associates situated

throughout its more than 677 independently-owned and operated offices across the country. The

RE/MAX franchise network, now in its 36th year, is a global real estate system operating in more than 70 countries. Over 6,700 independently-owned offices engage nearly 100,000 member sales associates who lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral, and asset management.

For more information, visit: West Toronto Real Estate

Ian Futrega 647-502-2727

Toronto Housing update for May 1st 2010

I just went thru the Toronto Real Estate Board statistics and it was another record month! Sales are still booming and the inventory levels are starting to rise a little bit. I’ve put some numbers together for you so you will have this information about 7 days before TREB releases it to the media.

In April there were 10,889 sales reported to TREB! That hits another record for April, so sales are chugging along quite nicely. As of yesterday there were 22,659 homes for sale. Inventory has jumped from 18,431 last month which is a 22% increase. This may seem like a huge jump, but it’s not uncommon between March and April. There are still plenty of sales to support the inventory level with the exception of certain areas and price ranges.

We are clearly experiencing one of the most interesting real estate markets ever. While other economies and marketplaces are suffering, Toronto just seems to be oblivious to it all. We should be thankful that we live in an area that has one of the strongest economies and real estate markets in the world.

We will likely experience this activity for quite a while yet and I’m anticipating there won’t be much of a slow down over the summer months. If I can be of any help to work with you on getting more business, that’s what I like doing best. Please just ask.

Living in Etobicoke is special because...

It is all about the Location!!!! The City of Etobicoke is Toronto's neigbour to the west and is in turn in neighbour of Mississauga to the east. Starting at Lake Ontario, Etobicoke stretches north to Steeles Avenue and north to the City of Vaughan. The actual area of Etobicoke is quite large and is home to a number of great neighbourhoods. These neighbourhoods have great contrast in terms of price and offer a little bit of everything for everybody!
Live in a great city.

Etobicoke (pronounced /ɛˈtoʊbɨkoʊ/ ( listen), with a silent 'k') is the western portion of the City of Toronto, Ontario, Canada, with an official population of 338,117^[1] as measured by the 2001 Census and 334,491 people as of the 2006 Census. While it only contains 13% of Toronto's population, it occupies about 20% of its total land area. It is bordered on the south by Lake Ontario, on the east by the Humber River, on the west by the city of Mississauga and Toronto Pearson International Airport (though a small portion of the airport extends into Etobicoke), on the north by the city ofVaughan, and on the northwest by the City of Brampton
If you are considering a move to the wonderful community of Central or South Etobicoke I welcome your house and condo questions. Call IgorFutrega 647 502 2727

For information about what has sold in this neighbourhood, or homes currently available for sale email igor416@gmail.com or use this contact me window click here