Helping You Is What We Do!
Nilson Molina
Nilson Molina P.Eng., MBA
Real Estate Agent
Buying or selling a home is a big decision - you need an experienced professional to guide you through the process. When you work with me, you can count on personal, attentive, patient service, excellent knowledge of the area, great negotiation skills and expert selling strategies.
Mobile: 416.568.3961
Market Stats - October 2020
October 2020 sales reached record levels with 10,563 home sales representing a 25.1 per cent increase compared to October 2019. The number of new listings added to the market this October was a record 36.4 per cent over the same month last year and the highest increase for the month for the past 20 years. Condos accounted for almost 35 per cent of the 17,802 new listings that came on market. A closer look at the location of these new listings reveals that of the 6,193 condos listed, 72.6 per cent were in the 416. In terms of the 5,263 detached home sales in October, 76.6 per cent were in the 905. These stats reflect the influence that COVID-19 is having on the ability to work from home and the resulting demand for larger ground-oriented dwellings outside the city core.
Market Stats for the GTA - August 2020
For the third consecutive month, home sales and prices have set new monthly records. August 2020’s total sales of 10,775 was 40 per cent more than the same period last year, with the average price of $951,404 representing an increase of over 20 per cent year over year. Detached properties showed the most substantial gains with the average selling price up by 19.9 per cent. Semi-detached homes were a close second with the average selling price up by 18 per cent year over year. While there's much speculation about home buyers with work from home options due to the pandemic shopping outside of the city of Toronto for properties with more space, the division of sales between the 416 and 905 areas in August this year has stayed consistent with August 2019. In both years, 905 area detached home sales made up 80 per cent of total sales for that property type and 905 area semi-detached sales were approximately 70 per cent of that property type’s total sales.
Market Stats for the GTA - July 2020
11,081 homes changed hands last month making July 2020 a record-breaking month for Toronto real estate. This was a jump of 29.5 per cent compared to July 2019. Detached homes were July’s property type leader with sales across the GTA up by 43.7 per cent year over year with the number of detached homes in the 905 coming in at a massive volume of 4,531 units. July sale prices in the city of Toronto had a 25.5 per cent price gain for an average of $1.54 million. The increased option of working from home due to the COVID-19 pandemic and the desire for homes that have space to accommodate home offices have been pointed to as drivers for this summer momentum. The level of activity in July also points to the spring market’s deep freeze having only delayed demand that is now pushing new sales records.
Market Stats for the GTA - June 2020
As the phased reopening of the economy continues, seasonally adjusted resale activity in the GTA in June surged to an 84 per cent increase over May's sales. Year over year figures were also strong. The average sale price of a home in the GTA increased by 11.9 per cent in June compared to the same month in 2019. The 8,701 homes sold last month were just 1.4 per cent shy of June 2019’s sales. The demand specifically for detached homes translated into over 50 per cent of June’s total sales, with almost 45 per cent of all detached home sales being above the $1 million price point.
Market Stats for the GTA - May 2020
On a month over month basis, both actual and seasonally adjusted sales in May 2020 were up substantially compared to April 2020, with an actual sales increase of 55.2%. New listings were up by 47.5% in May compared to April and active listings were up by almost 9%. Prices in May also held up - regaining the drop experienced in April, increasing year over year by 3% and being only 5% off the February pre-pandemic high point this year. With the Bank of Canada’s new Governor, Tiff Macklem, keeping the key interest rate unchanged at one-quarter per cent on June 3, and trimming previous estimates for the economic downturn, there is reason to be optimistic that April was the bottoming out of COVID-19’s impact on the market.
Market Stats for the GTA - Apr 2020
After a stellar 1st Quarter of real estate activity in the GTA that suggested a record breaking spring market was in store, the Coronavirus pandemic and resulting government health and safety measures abruptly changed everything. As expected, social distancing orders have quieted the market. TREB’s April 2020 statistics show the initial impact of COVID-19 with sales and new listings dropping 67% and 64% respectively year over year for all property types, the largest declines on record. However, due to the continuing demand on the GTA’s already low inventory, prices remained consistent with those in April 2019. Canadian economic forecasters are in general agreement that the risk of a sharp price decline is low near term, and that price support will continue to soften gradually in the weeks ahead, although not enough to threaten the stability of the market. With employment being a key driver of house prices, this will be an important statistic to watch as the economy reopens.
Market Stats for the GTA - March 2020
Market Stats for the GTA - February 2020
The The Toronto Regional Real Estate Board MLS reported 7,256 sales for February 2020, representing over a 45% increase from the same month last year, the biggest year over year increase in the past decade. Also up were February’s new listings at 10,613, almost 8% higher year over year. In stark contrast to the positive numbers, February’s active listings at 8,816 were down by 33.5% compared to 2019 – the biggest year over year monthly decrease of the decade.  

As shown in this 10 year summary of TRREB activity, February 2020 sales have recovered to 95% of February 2016 levels. However, February 2016 saw activation of 6% more new listings than this February, in a year that ultimately saw 85,731 total transactions. Of even greater significance, February 2016 saw 24% more active listings versus this February overall, yet TRREB's forecast for 2020 is for 97,000 transactions or 13% more than occurred in 2016. All this points to increasing pressure to win insufficient product in an environment where buyers are returning post OSFI stress test adjustments, and a return to record low interest rates on the heels of last week's Bank of Canada announcement.
Just SOLD in West Oakville!
Just SOLD in West Oakville!

Congratulations to our Amazing Clients, Alexandra and Antonio!

Great pleasure to work with them all the way!
Market Stats for the GTA - January 2020
The power of supply and demand was the driver of the GTA real estate market in the first month of the new decade, steering sales stats into positive double digits. The Toronto Regional Real Estate Board MLS reported 4,581 sales for January 2020, which represents a greater than 15% increase over the same period last year and the 10th consecutive month of gains in sales numbers. The average selling price for January 2020 was $839,363 – more than 12% higher than a year ago. While both sales and price growth were above pre stress test levels, January’s active listings were down 35% from last year and were at the lowest level since January 2017, suggesting that the regulation’s impact was temporary and that until supply scarcity is solved, prices will continue to climb.
Market Stats for the GTA - December 2019
While GTA buyers were stress-test-adjusted and benefiting from lower interest rates, the December 2019 real estate market heavily favoured sellers. The Toronto Real Estate Board MLS has reported a near 12 per cent increase in the average selling price of a GTA home over the previous year - $837,788 in December 2019 compared to $749,014 in December 2018. This remarkable price acceleration points directly to historic lows of available active listings that, in December 2019, were down by over 35 per cent, which is equal to 4,000 fewer active listings than in 2018. Despite the inventory challenge intensifying, transactions in Canada’s largest real estate market for all of 2019 increased by 12.6 per cent year over year, finishing out at 87,825.
Market Stats for the GTA - November 2019
The Toronto Real Estate Board MLS reported an average selling price of $843,637 this November, up 7 per cent from last year. The increase in prices, largely led by the condominium segment, is the second biggest in history for the month of November, with only the November 2016 benchmark showing greater gains. The 7,090 sales reported for November is a jump of 14.2 per cent over last year. However, according to an analysis by Better Dwelling, even with the big jump, November 2019 sales were still 3.85 per cent below the 5-year median volume for the month. This highlights the continued problem of low inventory. New listings in November were down by 17.9 per cent from last year and active listings were down by 27.2 per cent. Fewer listings combined with higher sales sent total inventory to historic lows for this month.
Amazing Condo Investment Opportunity - Oakville
Trafalgar & Dundas St.
There are several options for unit size:

1-bedroom  |  1-bedroom + DEN
2-bedroom  |  2-bedroom + DEN
3-bedroom  |  3-bedroom + DEN

Please take a look at the brochure and the floor plans for more details (below).
I can show you the property at your convenience (absolutely no commitments!). By then I can tell you the pricing in more details, but it starts at mid- $300'K's.
Also, just to let you know the condo was designed in a way to keep the condo fees very low, despite the many amenities and features of the complex.
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