For many people, summer is the time to hit pause, sit back, relax, take some extra time with family, and spend a few days with the kids while they are on school holidays. And while it sounds like a great thing to do, it isn’t the best plan for people looking to sell their home: in July and August, home sales slow down dramatically, coming off a busy spring, and now highly sought-after houses sit on the market, because would-be owners are on vacation.
But what is bad news for sellers is great news for buyers. If you are thinking about buying a home, August is the time to do it.
When it comes to selling your house in North York, there is nothing that gets you more interest than having it look immaculate and pristine from the outside. First impressions count when you have your home on the market, and it is important to make sure whoever sees your house wants to buy it! The best way to do this is to boost your curb appeal. Use these tips to help you out:
The Toronto Real Estate Board reported 8,082 home sales through TREB’s MLS® System in June 2018 – up 2.4% over the June 2017 result.
The average selling price in June edged up by 2% on a year-over-year basis to $807,871. While this is an interesting statistic, it does not reflect the reality of the market. The average price reflects the price of homes that have been selling. Because of the tightening of the mortgage rules those homes have generally been under $1,000,000 with 35% of them being condominiums, either apartments or townhouses, selling at an average price of about $575,000. These less expensive homes impact the “average selling price”.
Amazing business opportunity to own a quick serve cafe on Yonge and Bloor. Surrounded by offices, condos, hotels and retail shopping. Tons of foot traffic. Business branding is included in the sale! Existing positive online reviews on Google and Yelp!
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%.
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!
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!