Toronto Market Shows Positive Price Growth  As All Home Types Are Selling for Over List !

With so much negative talk in the media about a housing slowdown in many parts of the country it seems the Toronto market is as resilient as ever with positive stats in terms of price growth and number of sales in most Central/East/West neighbourhoods particularly those situated close to the subway.

Without a doubt, the frenzy we’ve seen in recent years has simmered, but bidding wars in the aforementioned areas are as common as ever.

Year over year stats as reported by the Toronto Real Estate Board (TREB) for October show the number of sales in the 416 inching up by just over 5.5% with prices up by about 6% to $869,870 from $819,124 (October 2017).  Prices are definitely increasing but at a more stable and normal rate.

It’s not too long ago that we were all truly alarmed at the price appreciation and literal insanity of people clamouring to buy real estate here. While Toronto is unquestionably an expensive city to live in, according to Wealth and the Knight Frank Global Residential Cities Index, Toronto’s ranking as the most expensive city in terms of home appreciation dropped from Q2 2017’s #1 spot to #137 for Q2 of 2018. That’s one big step backwards which I see as a good thing.

While the same old story prevails regarding a shortage of listings, it’s important for me as a conscientious broker, to counsel my Sellers to price properly and reasonably in order to achieve a successful result. Buyers are still competing for competitively priced properties but are also taking advantage of the unique and not before seen opportunities on stagnating properties that are overpriced by uneducated Sellers. The best counsel I can offer right now to both Buyers and Sellers is to … BE REALISTIC!

Toronto and other Canadian cities continue to provide a world class quality of living at a relatively moderate cost. Our population is growing and Canadian companies are competing for top talent in a highly competitive global economy in order to prepare for the workforce of the future.

Kimmé Myles
Matching her knowledge of Toronto's eclectic mix of downtown neighbourhoods and impassioned by her diverse mix of buyers and sellers, Kimmé is naturally motivated to create a positive and professional experience. Kimmé does her homework and knows her inventory. She is genuine, honest and a straight shooter. Nor is she afraid to think "outside the box" as she employs creative strategies to make dreams become reality. Born and raised in Toronto and coming from a successful fashion background in design and management, Kimmé could not have met a better match for her entrepreneurial skills than by working in Real Estate. Inspired by her father, well known Toronto clothier "Lou Myles", she learned from a very young age to work hard and strive for excellence. In a competitive industry where customer service is paramount, she has received numerous sales awards over a relatively short time in the business. Entrusted with the life choices of her clients, Kimmé is truly honoured to have the opportunity to serve and assist others. Licensed as a full time Sales Representative since 2005 with Royal Lepage Real Estate Services, Ltd., she is proud to be affiliated with the Johnston & Daniel (J&D) Division of Royal Lepage, Toronto's highly respected boutique brokerage and by far Royal Lepage's # 1 producing brokerage across the country.

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