Steven Maislin Broker

Steven Maislin Broker

Email Me
Find Your Dream Home, Steven Maislin REALTORFree Real Estate Reports, Steven Maislin REALTOR
Condominium Guide

April 2016


Dear Friend


The Toronto real market continued its torrid pace with the sale of 12,085 homes in April, the best April in the 100 plus year history of the Board, and up 7.4% over April 2015.


While the average price in all of the Toronto Real Estate Board marketing areas for all types of residences now stands at $697,679, the price breakdown for local areas is as follows:


City of Toronto        $718,682 (Detached Homes only in April $1,257,958)

York Region            $896,476

Durham Region      $494,643

Peel Region            $582,496


Is there a real estate bubble? Will prices adjust? Is it too late to buy? These are questions I am continually asked, and while everyone has an opinion, no one, truly knows. Economic forecasts and weather forecasts are similar. The systems are just too complicated and the experts are best guessing with the information at hand, and that changes minute by minute.


Here is what I say to my clients.

People need to live somewhere. Our vacancy rate is near 0%. In other words very low. Basement apartments in Newmarket are renting for $1,200 per month. Downtown condos are renting for $1,800 -$2,200+ monthly! If you buy a property to rent and hold, prices may adjust, but will always recover as the population continues to grow. As long as you have a good tenant the price fluctuations will not affect you.


If you are buying a property to live in, it’s your home, and prices may fluctuate but as long as you live there, price is irrelevant, and will always recover.


In 1975 the average price was $57,581

In 1995 the average price was $203,028

In 2015 the average price was $ 622,217

Who knows what the next 20 years will bring, but I do know Toronto will continue to grow and people have to live somewhere!


Have a great May and don’t forget, I am never too busy for your referrals!


Your Friend in Real Estate.

Steven Maislin, R.E.B.B., I.R.E.S.

Direct: 416-410-6000
1-800-567-LIST (5478)
Text/Cell: 416-518-7701
Office: 416-782-8882
Twitter: @stevenmaislin




RE/MAX Realtron Realty Inc., Brokerage
2815 Bathurst St., Toronto, ON M6B 3A4, Canada







Real Estate News

  • The Toronto Real Estate Market Just Hit a New Level of Absurdity - Profit Confidential 1 day 11 hours old

    Profit ConfidentialThe Toronto Real Estate Market Just Hit a New Level of AbsurdityProfit ConfidentialA recent CBC article has pointed out that Toronto's real estate market is showing no signs of ...fatigue. Prices continue to rise, setting new records. The Toronto housing bubble is inflated, but it reflects the general Canadian housing market. The ...CREA wants competition ruling to apply in Toronto onlyToronto Starall 2 news articles »

  • Blackstone Gives Pricey Canadian Energy and Property Thumbs Down - Bloomberg 2 days 4 hours old

    Blackstone Gives Pricey Canadian Energy and Property Thumbs DownBloombergCanada's energy assets are uneconomic and real-estate markets overvalued, making them less attractive for investment than i...n the U.S. and elsewhere, according to Tony James, president of Blackstone Group LP., the world's largest alternative-asset ...and more »

  • Disclosure Obligations in Residential Real Estate Transactions - Mondaq News Alerts (registration) 2 days 5 hours old

    Disclosure Obligations in Residential Real Estate TransactionsMondaq News Alerts (registration)The residential real estate market in the Lower Mainland is incredibly active. Prices continue to rise by... significant amounts in a matter of weeks, sometimes days. Stories abound of bidding wars and sales without subject clauses. Out of anxiety or ...

HOT Properties

7460 Bathurst  St,  N3493861, Vaughan,  Condo Apt,  for sale, , Steven Maislin, RE/MAX Realtron Realty Inc, Brokerage *

Stunning & Complete Renovation In High Demand Building! Gorgeous Kitchen With Stainless Steel Appliances & Granite Counters. Stunning Renovated Bathrooms W/ Glass Counters, Glass Shower Stall, Lime Stone Floors And Tumbled Marble Walls. Beautiful Dining Room With Quartz Stone Wall & B/I Niches W/ Accent Lighting. Laminate Floors Throughout. Split Bedrooms. Building Recently Added Sabbath Elevator. Shows Great! Steps To Mall, Theatre, Synagogue, Library & 407.

View 7460 Bathurst St
© RE/MAX Realtron Realty Inc, Brokerage **Independently Owned & Operated416-782-88822815 Bathurst Avenue, Toronto, Ontario, M6B 3A4
REALTOR website by InCom Real Estate
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association