Hot Downtown Condo Market

The downtown Toronto market is extremely hot at the moment. I have been representing the owner of a downtown condo, assisting them in the sale of a condo at 18 Stafford Street - in the King West Village area.

The property was listed for one week, with 75 showings and 5 offers. It ended-up selling over asking with no conditions.



There are not enough one bedroom condo suites on the market right now to satisfy consumer demand. Too many buyers are chasing not enough properties. Clearly this is an excellent time to be selling a condo, but trickier to be the buyer.

This suite was beautifully prepared by the owner as well as staging from Julie Reinhart.

Thinking of making a move? Ask how I can be of help.

June Statistics - Record Breaker!

June 2009 turned out to be a very hot month for real estate in Toronto, as published in the Toronto Real Estate Board Statistics today.

10,955 sales in the month - the most in a single month since June 2007, and the monthly average price hit a new all time high of $403,972. If you were waiting for the bottom of the market, as your time to buy, well - that was last winter. Now we are in a rising market. It is a seller's market once again, with multiple offers and bidding wars becoming standard practice.