The Blog
Market Watch - April 2018
It's been such an interesting time in the real estate market since the beginning on 2018. There's been so many changes in the Toronto real estate industry. Coming off the market's peak from last year and into January's mortgage stress test, we're now starting to see the market stabilize and the mindset of homeowners coming to terms with the new normal.
On a year over year basis, the number of sales through TREB MLS® is down 31.1%. This number is mostly effected by the decrease in amount of sales of detached home which is down 38.4% from last year verses the amount of sales of condos apartments compared to last year, just down 26.0%.
Featured Listing: 18 Concorde Place, Unit 503
Spacious one bedroom condo suite with full ensuite bath and powder room. Approximately 900 sqft with balcony overlooking an award winning courtyard garden and ravine. Eat in kitchen has 4 appliances, pot lights and overlooks the living room. Large open concept living/dining room has a gas fireplace with oak mantle and walk out to the large balcony with gas bbq outlet. Lots of closets and storage space! Close to Tim Hortons and convenient bus stops!
Welcome to the Blog
Hey guys, this is the maiden voyage of our new blog. Super exciting! We're looking to posting a new blog here at least once a week until the end of time. The plan is to provide some helpful and sometimes opinionated information on the real estate market in Toronto. This blog will certainly be a learning process, so I'm hoping in time I'll be much better at writing in a year or so. Wish me luck!