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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Wednesday, November 2, 2016

Significant growth in Toronto’s average condo rental costs

In its latest report covering the third quarter of the year, the Toronto Real Estate Board announced that average rental costs in the city’s condos have spiked upwards dramatically amid greater demand and a lack of supply.

“The annual rate of condominium apartment price growth has accelerated over the past year as the supply of units available for sale became more constrained while demand remained strong,” TREB market analysis director Jason Mercer wrote in the report, as quoted by blogTO.

“Average one-bedroom and two-bedroom condominium apartment rents were up substantially in the third quarter compared to 2015. The average one bedroom rent was up by 7.2 per cent to $1,777. The average two-bedroom rent was up by 7.9 per cent to $2,419,” the report added.

Overall, the average condo price by the end of September stood at $415,643.

Meanwhile, the number of new listings dropped by 13.1 per cent, but sales volume rose by 22.1 per cent.

CREW

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