As reported in the Toronto Star, Toronto’s real estate market was relatively slow through August. The number of transactions in that month was 2.8 per cent higher than the same period one year earlier. This is not unexpected as August is typically among the slowest months in Toronto real estate.
Just the same, though, the average housing price continued its upward trend. Up by 8.9% over a year earlier, the average cost of a home in the Greater Toronto Area (including detached, semi-detached, townhouses and condos) was $546,303.00.
Condo sales, not unexpectedly are outpacing that of traditional low-rise homes in Toronto. Over the same time last year, there was a 6.5% gain. By contrast, detached home sales grew only 0.7% across the Greater Toronto Area.
For those keeping score, the average cost of a detached house in the 416 is now $902,428.00 – inching ever-closer to the $1,000,000.00 mark.
Our homes are often the greatest investment we make in our lives and prudence is always advised. We always encourage our clients to do their due diligence before purchasing and we always take the greatest care to perform our due diligence on your behalf as well. We are always happy to discuss potential purchases or sales and advise you on the best course of action. At Davidzon Law we strive to be your trusted Toronto real estate lawyers.
I have worked with Ronald Davidzon to process and close numerous real estate transactions. He is prompt, precise and extremely professional. He’s a pleasure to work with and completes each project on budget.
Dave G. Richmond Hill, ON
As a first time home buyer, I hired Ronald Davidzon to take care of the closing process, and I’m very glad I did. Ronald was always very prompt, helpful, and professional. He was always available for consultation, and addressed all of my questions and concerned in detail. Ronald coordinated with all the involved parties, and made the closing process easy and seamless. I highly recommend his services for anyone buying or selling a property.
Daniel A. Toronto, ON
“ The professional services of Davidzon Law has been a tremendous resource for both myself personally and the company I own. Davidzon Law assisted me with a number of property related scenarios and have stepped up to the plate when I needed them on the business side of things. From my experience their dedication to their clients is unparalleled and they have really earned my trust going the extra distance to satisfy my demanding needs. I appreciate their expertise and level of communication, and I am grateful to have them part of my team. I would strongly recommend them to anyone looking for a firm that can handle different aspects of real estate and business law. ”
Adam W. Vaughan, ON
“ I had some legal issues which is the reason I contacted Davidzon Law. I was lucky enough to speak directly with one of the partners who gave me really great information. I moved forward to give them a retainer and within a few months my legal issues had disappeared. In fact, I received all costs when we appeared in court. I am 100% pleased with Ronald at Davidzon Law, he did a great job and I highly recommend him.”
Mark G. Toronto, ON