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➕Let’s delve into ‘the numbers’ for May.

➕Let’s delve into ‘the numbers’ for May. Recovery, limited supply and increasing competition remain the headlines for Toronto Real Estate. The demand for homes in Toronto continues to surpass the available supply, leading to intense competition among buyers. On average, homes are selling for just under $1.2 million.
According to the Toronto Regional Real Estate Board (TRREB) President Paul Baron, our city's housing supply is falling behind the population growth, and this issue isn't exclusive to Toronto—it's a challenge throughout the Greater Golden Horseshoe region. If we don't tackle this problem head-on, we risk hindering the economic development of our region, as people and businesses may start seeking opportunities elsewhere.
Why is this happening? Jason Mercer, Chief Market Analyst at TRREB, explains that rising borrowing costs have prompted homebuyers to reassess their housing needs and re-enter the market. Additionally, the combination of significant rent growth and a record influx of immigrants has contributed to the surge in home sales.
The Toronto housing market is currently experiencing an exciting yet challenging phase. In this dynamic landscape, it is vital to have a trustworthy and knowledgeable realtor by your side. Whether you're considering selling or buying a property or if you have any real estate inquiries, feel free to reach out to us. We are here to assist you!
Looking to buy or sell a home in Toronto? Average prices in May were as follows:
➕Detached $1,913,132 [0% vs. 2022]
➕Semi-detached $1,398,821 [-2% vs. 2022]
➕Townhouse $1,068,487 [+2% vs. 2022]
➕Condo $784,914 [-1% vs. 2022]
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Download a printable pdf suttonoldmill.com/blog/ or click the link in bio.
Data presented is for City of Toronto Only. Source: TRREB.
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#thenumbers #May #2023 #marketupdate #beintheknow #growth #knowledgeispower #data #stats #realtortoolkit #toronto #thekingsway #sunnylea #mimico #alderwood #stonegatequeensway #highpark #roncesvalles #islingtonvillage #humbervalley

➕65 The Kingsway➕Rare opportunity! This gorgeo

➕65 The Kingsway➕Rare opportunity! This gorgeous stone Home Smith designed 3-storey centre-hall in the heart of The Kingsway boasts 5 spacious bedrooms, renovated kitchen/family room, grand entry foyer & staircase, beautiful gumwood, leaded windows, lower level family room with high ceilings & beautiful, professionally landscaped gardens. Prestigious address & highly desired 50' x 135' lot, near Kingsway Lambton JM School with park, skating rink & pool, historical Old Mill Inn & Spa, Humber River with walking, cycling trails that take you to lakefront & beyond. 5 minute walk to Grenview entrance of Royal York subway, Bloor St. dining, shops, pubs & cinema. The Kingsway is one of Toronto's best-kept secrets & is a happy family-minded neighbourhood, 20 minutes to financial/theatre districts & airports & near some of Toronto's best golf.
➕ neighbourhood // Kingsway South
➕ 5 Bed, 4 Bath
➕ Listed at $4,350,000
➕ Listed by // Linda Tickins, Broker of Record @lindatickinsandco
For the full video + more info, please visit ➕ https://lindatickins.com/listings/65-the-kingsway
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#homeoftheweek #onthemarket #forsale #onthemarket #selling #buying #thekingsway #gumwood #homesmith #toronto #suttongroup #suttonoldmill

Three words that will make your house stand out fr

Three words that will make your house stand out from the rest... Pricing. Storage. Kitchen.
#HomePricing #TorontoHomes #RealEstateTips #suttonoldmill

➕200 Manitoba St #502 ➕Just Wow! This is an in

➕200 Manitoba St #502 ➕Just Wow! This is an incredibly stunning one-bedroom plus den loft with a south exposure and breathtaking unobstructed lake views. The suite spans over two floors, offering a generous 985 sq ft of space. It features smooth ceilings, a private balcony, an open concept main floor, ensuite laundry, custom window blinds, two luxurious spa-like baths, two parking spaces, and a locker! The kitchen is a dream, with granite counters, a breakfast bar, a convenient no-touch faucet, a double sink, stainless steel appliances, a stylish backsplash, and porcelain floor tiles. This fantastic location has so much to offer, with a close proximity to restaurants, Costco, Sobey's, and the renowned San Remo Bakery. You'll also have easy access to parks and the Lakeshore Path, perfect for outdoor enthusiasts. On the 7th floor, you'll find an array of amenities including a BBQ terrace, a cozy lounge, a well-equipped gym, a spacious party room, a games room, and a sauna. Additionally, there's a squash court on the P2 level. Don't let this opportunity slip away!
➕ neighbourhood // Mimico
➕ 1+1 bed, 2 bath
➕ listed at $749,000
➕ listed by // Ramiro Braga, Realtor®
For more info, visit➕ www.suttonoldmill.com/listings
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#condooftheweek #onthemarket #forsale #selling #buying #mimico #mysticpointelofts #lakeontario #toronto #torontorealestate #suttongroup #suttonoldmill

➕In an ever-evolving industry, it's crucial to s

➕In an ever-evolving industry, it's crucial to stay ahead of the game by constantly adapting and refining our approach.
In this week’s office meeting, we broke down how to handle the most common hesitations and objections from clients today and the tangible strategies realtors should be implementing to market yourself and your business to generate new listing opportunities.
At Sutton Old Mill, we strive to equip our team with tools and strategies to effectively address client hesitations and objections, ultimately strengthening their reputation and attracting more business opportunities.
Sutton Old Mill. West Toronto’s Brokerage of Choice. Learn more: link in bio.
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#SpotlightSeries #RealEstateExperts #MarketingStrategies #ObjectionsToOpportunities #BusinessGrowth #NewListings #KnowledgeIsPower #suttonoldmill

➕22 Granite Court➕ Completely renovated execut

➕22 Granite Court➕ Completely renovated executive townhouse in Humber Bay Shores with a premier lot backing onto a park. Steps away from Lake Ontario, this sun-drenched home features contemporary designer decor and high-quality finishes. The gourmet eat-in kitchen boasts Wolf and Subzero appliances. The primary bedroom retreat offers a spa-like ensuite and a private balcony. Two large bedrooms share a renovated bathroom and laundry room. The ground floor serves as a family room/guest bedroom with garage access. Enjoy the convenience of Humber Bay Shores living, with trails, bistros, shopping, and easy access to downtown and the airport. Move-in ready and perfect for entertaining.
➕ neighbourhood // Mimico
➕ 3+1 bed, 3 bath
➕ listed at $1,650,000
➕ listed by // Judy Switzer, Realtor®
For more info, visit➕ www.suttonoldmill.com/listings
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#homeoftheweek #onthemarket #forsale #mimico #townhouse #renovated #selling #buying #toronto #torontorealestate #suttongroup #suttonoldmill