Category: Residential Real Estate

Toronto Residential Real Estate Seeing Big Gains in 2020

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Toronto Residential Real Estate AAA Properties

RE/MAX Ontario-Atlantic has a very positive outlook on Toronto’s residential real estate market in the Covid-19 stained year of 2020.

Detached housing values have shown remarkable resilience in the first half of 2020, with 95 per cent of Greater Toronto Area (GTA) districts posting solid gains in average price, according to a report released today by RE/MAX of Ontario-Atlantic Canada.

The RE/MAX 2020 Hot Pocket Communities Report examined trends and developments in 65 Toronto Regional Real Estate Board (TRREB) districts, finding that a steep decline in the number of homes listed for sale during Ontario’s State of Emergency contributed to a notable uptick in single-detached housing values. Active listings hovered at 14,000 in the GTA in June, the lowest level for the month since 2016 when active listings bottomed-out at 12,327. Average price was up in 95 per cent of areas between January and June 2020, compared to the same period in 2019. Double-digit increases were reported in 60 per cent of districts within the 416 area code and in 50 per cent of 905 districts.  

Top five GTA districts for average price appreciation 

of detahced homes between January-June
Neighbourhoods20202019% Change
Annex, Yonge-St. Clair, Casa Loma, Wychwood (C02)$2,918,968$2,322,84925.7
Oakridge, Birchcliffe-Cliffside (E06)

High Park, Swansea, Roncesvalles, South Parkdale (W01)



Oakwood-Vaughan, Humewood, Cedarvale, Forest Hill 

South (C03)
Islington City-Centre West, Etobicoke-West Mall, Markland 

Wood, Eringate-Centennial-West Deane, Princess-

Rosethorn, Edenbridge-Humber Valley, Kingsway South 

Alderwood, Long Branch, New Toronto, Mimico (W06)$1,202,176$1,034,41516.2
Source: RE/MAX of Ontario-Atlantic Canada, TRREB

“Strong demand characterized much of the first quarter of 2020, setting the stage for a record-breaking spring market in the Greater Toronto Area – and then came COVID-19,” says Christopher Alexander, Executive Vice President and Regional Director, RE/MAX of Ontario-Atlantic Canada. “In past downturns, a drop in unit sales has usually been followed by a significant upswing in the number of homes listed for sale. That didn’t happen in this case as buyers and sellers paused in April, then cautiously resumed homebuying activity as COVID-19 cases dropped and local economies re-opened. With the easing of restrictions and the province moving into the third, and perhaps final phase, we anticipate that the housing market will likely accelerate.”

The spring market that materialized in June is expected to remain robust throughout the summer months as pent-up demand, low interest rates, and limited inventory headline market drivers. “Virtually every housing category in the GTA, from starter homes to the luxury market, will be impacted by pent-up demand in the months ahead,” explains Alexander. “Historically low interest rates – with five-year closed rates as low as two per cent – will also provide impetus for the foreseeable future.”

Location will be top-of-mind for most homebuyers, as illustrated by this year’s top five markets (two tied in second place). Of the 65 districts examined in the report, RE/MAX found that the strongest gains in average price occurred in areas in close proximity to Toronto’scentral core. Leading in terms of percentage increase in the average price of a detached home in the first half of 2020 is Yonge-St. Clair, Annex, Casa Loma and Wychwood (C02), where values climbed 25.7 per cent to $2,918,968. Move-up buyers were particularly active in this area, with a shortage of homes listed for sale, particularly in the Annex. In June, there were 28 active listings, average days on market were 17, and the sale-to-list price ratio was 98 per cent.

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With an increase of 18.4 per cent in average price, two markets straddling the lakeshore in the east and west ends of the city ranked second in terms of price appreciation. Swansea, Roncesvalles, South Parkdale and High Park (W01) saw detached housing values climb to $2,050,596, while Oakridge, Birchcliffe-Cliffside (E06) topped $1 million, settling in at $1,095,287. Young families were a major driver in both areas, with affordability and proximity to the Beach community drawing buyers to Oakridge, Birchcliffe-Cliffside, and close proximity to the downtown core and west-end shoreline attracting purchasers to High Park, Swansea, Roncesvalles, and South Parkdale.

While C03 is home to Forest Hill South and some of the most expensive real estate in the city, the area is also comprised of affordably priced hot pockets such as Oakwood-Vaughan and Humewood. The average price of a detached home in C03 is up 17.7 per cent to $2,371,546, although a small bungalow in the aforementioned neighbourhoods can be purchased for just over $1 million. The same holds true for W08, home to the tony Kingsway South, but also offers up detached homes starting at just under $1 million in neighbourhoods such the West Mall. Average price in W08 was up 17 per cent in the first half of the year, compared to the same period one year ago, rising to $1,693,382. Alderwood, Long Branch, New Toronto and Mimico in W06 have also been on an upward trajectory in recent, with the average price of a detached home rising 16.2 per cent to $1,202,176. 

Top five GTA neighbourhoods for percentage increases in detached home sales,

January to June 
Neighbourhoods20202019% Change
King (York Region)16111737.6
Bridle Path, York Mills, Sunnybrook, St. Andrew, Windfields 

Innisfil (Simcoe Sounty)38934014.4
Oshawa (Durham Region)1,05395010.8
Georgina (York Region)3733429.1
Source: RE/MAX of Ontario-Atlantic Canada. TRREB

While sales of detached homes were down overall, RE/MAX found several suburban/rural districts that bucked the trend, showing signs of growth. Most were located in more suburban/rural areas of the Greater Toronto Area, where the dollar stretched farther and listings were plentiful. Leading in terms of percentage increase in detached housing sales was the King area in York Region where 161 detached properties changed hands, up from 117 one year earlier, representing a 37.6-per-cent upswing in volume. Just under 200 active listings were available for sale in June, average days on the market hovered at 44, while the sales-to-list price ratio was 93 per cent. 

Bridle Path, Sunnybrook, York Mills, St. Andrew, and Windfields (C12), the only district in the 416 to post an uptick in sales, claimed second place. The area, the most expensive in the GTA, experienced a 20.6-per-cent increase in sales between January and June 2020, with the number of detached homes sold rising to 76, up from 63 during the same period in 2019. Days on market were 19, with a sales-to-list price ratio of 94 per cent. Close to 100 homes were listed for sale in June.

Affordability was the common denominator in the third, fourth and fifth place finishes, all with an average price between $600,000 and $650,000. Simcoe County’s Innisfil posted strong gains, ranking third with a 14.4-per-cent increase bringing the number of sales in the area to 389, up from 340 in 2019.  Days on market were 35, sales-to-list price ratio was 99 per cent, and more than 220 active listings were available in June. Fourth place Oshawa, in Durham Region, also proved a hot spot for sales so far this year, with more than 1,053 single-detached homes sold in the first half of the year, a 10.8-per-cent increase over 2019. Detached homes are moving quickly, with average days on market at 16, the sales-to-list price ratio is 101 per cent, and 200 active listing available for sale in June. Rounding out the top five was Georgina in York Region, with 373 detached homes sold in the first six months of the year, a 9.1-per-cent increase over the 342 sales reported during the same period last year. 

“While the strength of the market is underscored by rebounding economic fundamentals, it’s clear that we are not out of the woods yet, given what’s happening around the world,” explains Alexander. “Having said that, the manner in which government has handled COVID-19 has been exemplary, and while there may have been some missteps along the way, we have all benefitted from leadership at all three levels. I’m confident that under their continued guidance and direction, we will be able to navigate any and all stormy waters ahead, and that bodes well for the economy and the housing market overall.”

About RE/MAX INTEGRA and RE/MAX of Ontario-Atlantic Canada  

RE/MAX INTEGRA, founded in 1980, is a privately held company by Canadian entrepreneurs. With regional headquarters in Mississauga, Boston, Zug and Vienna, RE/MAX INTEGRA represents nearly one-third of all RE/MAX Sales Associates worldwide, now numbering more than 43,000. The company was founded on the premise of providing outstanding service and support both at the regional level and to the end consumer. The Ontario-Atlantic Canada region has 11,430 quality Associates. The US regions — New England and the Midwest (including Minnesota, Wisconsin and Indiana) – have 2,630 and 4,180 Associates respectively. The European region leads with 24,970 Associates. For more information, visit and

Rents Already Dropping Like a Rock, Home Values to Follow

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According to an article posted the other day on the Los Angeles Fox 11 newsite at, rents are already dropping in the Los Angeles region due to the effects of the Corona Virus or Covid-19. Over two weeks ago, shortly after the first stay at home order, I predicted that both rents and property values would be dropping very quickly.

The last line in their article is extremely telling:

“But for now, if your rent is not going down, you may want to talk to your landlord or look around for a better deal, because you may get it.”

Over 10 days ago, I wrote my first email asking a landlord for either a suspension of rent or a reduced rate. They came back with a “COVID-19 Hardship Consideration” form, which was obviously drawn up by the attorneys for the Southern California Rental Housing Association (and revised or drawn up, the same day 3/31/20).

This Covid-19 Hardship Consideration form, makes zero concessions except for considering to provide ‘accommodations’ for reduced rent until the eviction moratorium is lifted at which time the full amount of the rent would be due or the tenant would face eviction. They fail to recognize that due to the Stay at Home Order, many people have lost their entire incomes and in many cases, their jobs.

What landlords need to realize is that their properties are not worth the rental income they were getting even one month ago …

They are going to be finding very quickly that they will not be able to continue to charge rents like they were in 2019 and beyond. Rents will be dropping FAST and landlords should be contacting their lending institutions to get their payments deferred or contracts renegotiated. Some may choose to walk away. Many will be hearing from their tenants who will be choosing to do the same.

If you are a tenant or a landlord who needs help negotiating and coming up with creative, mutually beneficial ways to get through this crisis and stay in your home, please give me a call. I can – and want to, help.

Houston’s Aliana Master-Planned Community Ranked Top 30 in US Sales

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Aliana Master Planned Community in Richmond Texas west Houston via AAA Properties
Aliana Master Planned Community in Richmond, Texas – West of Houston

Aliana, a 2,000-acre master-planned community located in Richmond, TX announced today it has been ranked in the Top 30 in sales nationally for master-planned communities (MPCs) by real estate consulting firms RCLCo and John Burns. Aliana sold 430 new homes in 2018, ranking it fifth in the state in new home sales.

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Trumark’s Wallis Ranch Named “Master Planned Community Of The Year” At PCBC 2017 Gold Nugget Awards

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Wallis Ranch Trumark CommunitiesTrumark Communities recently announced that Wallis Ranch, the 184-acre master planned community in Dublin, CA, was named “Master Planned Community of the Year” at the 54th Annual Gold Nugget Awards presented by PCBC, the largest annual homebuilding trade show in the Western United States.  The awards gala, held on Thursday, June 29, 2017, marks Trumark’s trifecta of wins for the prestigious title at the building industry’s three most esteemed annual awards ceremonies. In addition to the Gold Nugget Awards, Wallis Ranch was named “Master Planned Community of the Year” by the 2017 National Association of Home Builders’ (NAHB) Nationals Awards and the 2017 Building Industry Association (BIA) Excellence Awards.

Recognizing the best in community improvement through exceptional concepts in design, planning and development, the Gold Nugget Awards are a highlight of the annual two-day PCBC Conference held at the San Diego Convention Center, which draws more than 10,000 respected industry professionals across North America and beyond. Read More

You Are a Powerhouse – Now Put It to Good Use

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Samantha DeBianchi Million Dollar Listing MiamiBy Samantha DeBianachi 

What do you do once you have broken the glass ceiling? Women everywhere are achieving far beyond what was thought possible not too long ago. For women, there is some work yet to be done, but in the business arena women are making names for themselves as serious power-players.

Once you achieve your first bout of success, you can better help others do the same. As a woman in the industry myself, I know how hard it is to defy the odds and surge beyond expectations. 

Here are some things I learned along the way that can help you achieve your goals of success: Read More