Benchmark Real Estate Strategy

A few sound bites to complement the slides after looking at the metrics. DM if you want to know more about a specific market.

Toronto Condos:
Volume is up compared to July of 2022 but that was the month when condos started losing steam last year. On a Year To Date (YTD) level, volume is actually down 16%. Listings are failing more often than they used to and inventory is increasing towards balanced-market levels.

Toronto Detached:
YTD volume is down 13.6% and the lowest in more than 3 decades. We could see a reversal in that trend and catch up to 2022 levels with more months like those we had recently. Low and decreasing inventory is pressuring prices upward. The average price is on fire and statistically, it’s not thanks to the luxury segment as that one has been down 39% in volume YTD. That means the more approachable segments are seeing strong appreciation on their own and driving the overall market performance.

South Etobicoke: Luxury sales are back! The average price increase is completely out of whack because the luxury segment had completely disappeared in July of 2022. This is a perfect example of why price indexes can make much more sense than looking at average prices: Avg price up 34.4% but price index up 8.63%. The index is often a better depiction of reality.

Mississauga:
Slowest July in decades but despite that, inventory shows sellers still have the upper hand. We might be seeing home owners with fixed rate mortgages keep their properties longer as they cannot afford to move and get higher rate mortgages.

Oakville:
July 2022 already was its slowest sales month since 2010 and July 2023 exactly matched that poor performance with only 81 detached homes sales. Inventory is getting closer to balanced-market territory. But don’t let that deter you, Oakville doesn’t care and is still a most aspirational suburb in the GTA with an average price at least 30% above that of its neighbours.

Burlington:
July sales volume looks flat but that figure is down 14.2% YTD. However, it’s not alarming as 2023 is simply a return to pre-pandie volume! One of the best turnaround performances in the GTA and its ultra-low Inventory confirms it.

💥 Exclusive (not on MLS) 💥 and rare opportunity for those looking for a gorgeous new 3-bedroom townhome by a highly reputable builder (multiple awards won and great after sale market recognition).

My clients will unfortunately be moving to another city and this gem can now be released for someone who’s been looking for such a home for a while… and they probably already told you many times they can’t find anything… well this is it! 👀They won’t be able to find such a space anywhere else for less than a thousand per SF and at only $1.150M we are priced to sell!

Be a good friend and share that opportunity with them! ☺️😊They’ll thank you later and likely you’ll get invited to their awesome housewarming party on their new rooftop patio! 🥂 🍾

Pictures are from renderings and showroom finishes.

Details:
3 bedrooms
1,317 SF
Attached garage (no wet shoes in the house!)
Rooftop patio with south west, sunset views!
Front patio
👉🏼 Message me for more details