Angela  Mandalas

Angela Mandalas

Sales Representative

Johnston & Daniel, A Division of Royal LePage Real Estate Services Ltd., Brokerage

Mobile:
416-906-2122
Office:
416-489-2121
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Angela Mandalas's blog

2023: August Real Estate Recap

As the Summer Market Ends, Interest Rates are on Hold Once Again

In August, home values in the Greater Toronto Area were essentially flat as compared to last year, with an average sales price of $1,082,496, pointing to the remarkable resilience in Toronto’s housing market.  However, average prices have declined since interest rates started to rise again this past June.  With the Bank of Canada’s announcement on September 6th to not raise interest rates and the typically slow summer sales period coming to an end, the stage is set for increased buyer competition and upwards pressure...

2022 Year in Review: Riverdale, Playter Estates - Danforth

Riverdale, Playter Estates - Danforth: 2022 Year-in-Review

Riverdale, Playter Estates - Danforth:  Median prices

The real estate market in the M4K postal code area experienced significant changes from 2021 to 2022. The median sales price in the area increased from an average of $1,503,538 in 2021 to $1,537,850 in 2022, which represents a 2.3% growth.

The first half of the 2022 year was a particularly active period, with median sales prices reaching a high of $1,872,500 in May, a 15% increase from the same period in 2021. The prices then dipped during the latter part of the year as...

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