Week 181: How’s the market? Summer in Toronto Edition.

Before we begin, take a look at this exact time last year. Click here. What do you notice? The context of the past three years of this data will hopefully help you understand that, despite the negative news perpetuated by some pessimists with loud voices, the drama isn’t there.

The next few months will be extremely interesting as many global events playing out for the past year or so may finally affect us here, mainly the potential financial disaster in China with real estate developers going bankrupt and yen swaps that could become a problem.

I’m currently on vacation, so this will be the shortest report yet. The last thing I want to do is drone on about the Toronto real estate market.

I’d rather get to my cigar, my espresso and my family (not in order of preference lol)

So this report will be me asking those of you that love cigars. What’s your

Let’s talk about it. Book a call, you can do that here, and I really look forward to talking.

Have a wonderful day, and I’ll see you next week. Don’t forget to subscribe to the blog so you get this in your inbox asap, and we’ll see you on Youtube!

Urban Markets: Downtown & Surrounding Areas
House Average Price: $1,685,329
House Median Price: $1,571,000
470 Active Listings
33 Firm Sales This Week
Months of Inventory (MoI) 1.92 – DOWN from 2.27 last month
Average Days on Market (DOM) 14.70

Condo Average Price: $834,161
Condo Median Price: $693,250
2161 Active Listings
80 Firm Sales This Week
MoI 3.91 – UP from  3.77 last month
DoM  25

Urban North: Rosedale, Deer Park, Moore Park, Forest Hill, & Lawrence Park
House Average Price: $2,480,357
House Median Price: $1,850,000
125 Active Listings
7 Firm Sales This Week
MoI 2.69 – DOWN from 3.15 last month
DoM ~ 6

Condo Average Price: $1,120,667
Condo Median Price: $1,125,000
224 Active Listings
9 Firm Sales This Week
MoI 3.64 DOWN from 4.01 last month
DoM ~ 30

Leaside, Davisville, Yonge & Eglinton
House Average Price: $2,018,333
House Median Price: $2,005,000
45 Active Listings
3 Firm Sales This Week
MoI ~ 1.59 – UP from 1.45
DoM  9.7

Condo Average Price: $721,625
Condo Media Price: $645,000
158 Active Listings
8 Firm Sales This Week
MoI 3.04 UP from 2.48 last mth
DoM ~ 16

Birch Cliff
House Average Price: $1,875,000
House Median Price: $1,875,000
32 Active Listings
2 Firm Sales This Week
MoI 1.69 DOWN from 1.88
DoM 19

Kingston Rd Corridor to Highland Creek
House Average Price: $1,290,875
House Median Price: $1,100,500
97 Active Listings
9 Firm Sales This Week
MoI 2.59 UP from 2.30
DoM 19.8

Condo Average Price: $583,333
Condo Median Price: $510,000
57 Active Listings
5 Firm Sales This Week
MoI 2.80 UP from 2.36
DoM ~ 13.33

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