Strong Average Price Growth in September in Toronto Real Estate

Greater Toronto Area (GTA) REALTORS® reported 5,879 transactions through the TorontoMLS system in September 2012. The average selling price for these transactions was $503,662, representing an increase of more than 8.5 per cent compared to last year.

The number of transactions was down by 21 per cent in comparison to September 2011. However, it is important to note that there were two fewer working days in September 2012 compared to September 2011. The majority of transactions are entered on working days. On a per working day basis, sales were down by 12.5 per cent year-over-year.

“While sales have been lower due to stricter mortgage lending guidelines, we continue to see substantial competition between buyers. The months of inventory trend remains low from a historic perspective, which explains the strong price increases we are experiencing,” said Toronto Real Estate Board (TREB) President Ann Hannah.

September average selling prices were up compared to last year for all major home types. Price growth was strongest in the City of Toronto, including for condominium apartments with eight per cent year-over-year growth. All benchmark home types included in the MLS® Home Price Index (MLS® HPI) experienced year-over-year price increases, with substantially stronger increases for low-rise home types.

“Barring a major change to the consensus economic outlook, home price growth is expected to continue through 2013. Based on inventory levels, price growth will be strongest for low-rise home types, including single-detached and semi-detached houses and town homes,” said TREB’s Senior Manager of Market Analysis, Jason Mercer.

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This Could Be Your Dream Home: 204 Munro Street, Toronto

In the intersection of Broadview and Gerrard of North Riverdale, you will find a home that has great potential, creating all sorts of possibilities for the investor or home buyer to call it their own.  204 Munro Street is in a quiet neighbourhood while downtown Toronto is easily accessed via public transit, biking or the Don Valley Parkway (DVP).  Shops, restaurants, schools, a library and 3 large recreational parks and other great amenities are minutes away.

The home has great potential. It has 3 full bathrooms.

204 Munro could be your dream home with all the bells and whistles you desire!

( Click here to search other homes for sale in in the area! )

Newly Listed: 26 Kingmount Crescent, L4B 3W6

26 Kingmount Crescent (MLS# N2425807) is a Bayview Hill home with amazing value. This home is a 2-storey detached that has 4,000+ sq. feet of space. Its major intersection is Leslie Street and Major Mackenzie Drive. 26 Kingsmount has 9 rooms with 4 bedrooms and 4 washrooms. Invite guests through the double door foyer and they will be in awe of your home.

Have a nice dinner in the formal dining room and accommodate them in the living room while the fireplace adds ambiance. The family room is a great place to spend time with your loved ones and how convenient it is to have a walk out to the backyard. The kitchen has a built-in oven with a new built-in stove top and a breakfast area that also has a walk out on to the backyard patio – perfect for BBQs!

The second level features 4 bedrooms. The massive master bedroom has a large walk-in closet, large master ensuite and a master family room complete with a fireplace.

The laundry area has a separate entrance with garage access, fenced in 50-foot corner lot, interlocking brick driveway and an updated roof.

26 Kingmount Crescent is located in a very high ranking school district. Both Bayview Hill Elementary School and Bayview Secondary School are well known to be great schools.

Need shopping therapy? Find yourself at Hillcrest Mall, Markville Shopping Centre or The Promenade.

It is easy to commute as major Highways, GO Transit and public transportation (VIVA, YRT) are easy to access to reach your destination. It is also a short driving distance to Markham, North York, Vaughan and Toronto.

Come visit the open house every weekend (Saturday & Sunday) between 2-4PM.

Similar MLS listings around 26 Kingmount Crescent 

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Fill in the form below to contact Kirby Chan for more information about this property or if you are thinking of selling your home, get an in-depth Market Analysis Report.

14 Nootka Crescent, M2H 2X7

Located in the area of L’Amoreaux in Toronto, 14 Nootka Crescent is conveniently located close to Highway 401 and Highway 404 while public transit is easily accessed.  There are schools, supermarkets, a shopping mall, a wide variety of restaurants and parks, to name a few.

14 Nootka Crescent is a lovely home with 4 bedrooms and 2½ bathrooms with upgraded granite vanities.  They say, the kitchen is where the “heart” is of a home.   Keep that heart beating in this beautifully upgraded kitchen with granite counter tops, custom cabinetry, gas stove, stainless steel appliances alongside a breakfast area where friends and family can enjoy time spent together.

Hardwood flooring can be found throughout the home and the ceilings are adorned with elegant cornice mouldings.  A large window in the living area provides natural sunlight to shine through the whole main level.  In the basement you can find a second kitchen, den and recreation room with a fireplace.  A walk-out basement provides access to the backyard and gives the rec room lots of light.

Similar MLS listings in Markham 

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Buying, Selling or Investing in Real Estate? Ask Kirby Chan any questions that you may have. Fill in the form below or text your question to 416-305-8008.

Wondering what your home or condo unit is worth? Contact Me, Just Click Here or call me directly at (416) 305-8008.

Nootka Crescent, Toronto for sale.

55 Darren Hill Trail – Stunning 4-Bedroom Home For Sale In Markham

Markham Home For Sale

55 Darren Hill Trail, Markham Home For Sale

I’m very excited to be selling this 3-year old detached home in Markham on Darren Hill Trail. I helped my clients buy it from the builder 3 years ago and watched them grow as a family. The owners have truly loved this home and has maintained it meticulously.

Main floor is upgraded with 9-foot ceilings and hardwood floors. Kitchen is upgraded with valance lighting, back splash, extended cabinets, stainless steel appliances, pots/pan drawer and a walk-in pantry. Other features are air conditioning, alarm, gas fireplace, rough-in vacuum, extend coldroom, berber carpets, potlights and blinds.

This home looks just like new and ready for a family to move-in and just enjoy.

UPDATE: Home is SOLD. Click below to see other similar properties for sale.

Similar MLS listings in Markham 

Search like a Realtor using our VIP Home Search Tool (Register to see all available listings, even the hidden ones)

Buying, Selling or Investing in Real Estate? Ask Kirby Chan any questions that you may have. Fill in the form below or text your question to 416-305-8008.

Wondering what your home or condo unit is worth? Contact Me, Just Click Here or call me directly at (416) 305-8008.

The Beginning Of Something Special

This is my blog and my name is Kirby Chan.

I have been in the Real Estate Industry for over 10 years and have been a blogger for 3 years. I have moved over to a self-hosted wordpress site to gain more flexibility and freedom.

I wish you all enjoy reading my blog as much as I enjoy writing it.

Past blog posts can be found at kirbychan.wordpress.com

Search like a Realtor using our VIP Home Search Tool (Register to see all available listings, even the hidden ones)

Buying, Selling or Investing in Real Estate? Ask Kirby Chan any questions that you may have. Fill in the form below or text your question to 416-305-8008.