July 2016 Dear Friend, As of the end of June, Toronto Real Estate Board members sold 60,293 listings, another record month. On average 54% of all the sales in a given year are done in the first 6 months, and that means that another 51,000 homes will be sold by December 31st.  Historically May is the busiest month of the year (10.77% of the annual sales) and it’s true again this year  with 12,870 homes sold with June a close second (12,794).  As we... [read more]

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May 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  ... [read more]

Marius Mitrofan recently received the Lifetime Achievement award yesterday at the RE/MAX R4 Special Awards Luncheon in Las Vegas.       [read more]

February 2016. Dear Friend, The weather in December and January was not the only thing that was unseasonably warm! The Toronto real estate market continued its hot pace with the sale of 4,672 residential transactions in January, up 8.2 % over January of 2015. The average price in January was $631,092, up 14.1% over January 2015’s average price of $552,925. This upward trend will continue in 2016 as a recent polling conducted for TREB by Ipsos suggested that 12 % of GTA... [read more]

Dear Friend, Toronto Real Estate Board members sold 4,945 homes in December, bringing the 2015 calendar year total to 101,299. This 9.2 % increase over 2014’s 92,782 sales, marked 2015 as the best year in the history of the Board. The average selling price for 2015 as a whole was $622,217 – up 9.8 % compared to $566,624 in 2014. City of Toronto Average price     $659,270 Aurora Average price         ... [read more]

A case Study How to Sell a House that Won’t Sell by Marius Mitrofan SUMMARY: The House has already been on the market for 981 Days with 7 different REALTORS. RESULTS: SOLD FOR 97% OF ASKING PRICE IN JUST 46 DAYS. The three most important factors when selling your home are marketing, presentation, and price. [read more]

Greetings, As the new year sneaks up on us, I know that you have a lot of expectations and dreams to fulfill. I know that with your effort and dedication you will accomplish all. We would like to start off 2016 by reminding you that your friendship, your business, and your referrals play a huge role in our business. And we thank you for that. All the best, Marius Mitrofan www.MariusMitrofan.ca [read more]

Dear Friend,   The 8,200 home sales reported for September 2015 by the members of the Toronto Real Estate Board was a new record for September’s sales! This brings the number of sales for the first nine months of 2015 to 80,331, (another record), a 9.5 per cent increase compared to the same time period in 2014. At this rate, total sales for 2015 are expected to be at or near the 100,000 mark. I wish I could say that these numbers are a... [read more]