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Toronto market conditions

Toronto market conditions
As expected, we’ve seen a market adjustment from mid April until end of May, with a large increase in homes for sale during the last 6 weeks. What does this mean? It means that the market conditions have normalized from the explosive prices witnessed from January to the beginning of April. What does this mean for you? We are currently about 15% higher than last year’s numbers and that’s still great news!!! How often do you make 15% on any investment in one year? Please see the Toronto Real Estate Board Stats below.   June 5, 2017 –  GTA realtors reported 10,196 sales in...
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Toronto’s cooling market? Is this your opportunity to buy?

Toronto’s cooling market? Is this your opportunity to buy?
Toronto’s market is experiencing a cool down, but for how long? This could be a fantastic window of opportunity if you are buying. Watch this video to learn more: http://www.cbc.ca/player/play/960853571820
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Toronto real estate market is shifting. Sellers, choose your strategy wisely.

Toronto real estate market is shifting. Sellers, choose your strategy wisely.
Since Easter, two things have happened to slow down the Toronto market. 1. Many buyers have pushed the pause button in anticipation of the budget and some were just fed up with the manipulation of this market and took a break. 2. A lot of new inventory has come onto the market. It seems that the consumer confidence level has a lot to do with buyer’s buying decisions of late. So how is this affecting the Toronto real estate market? The most desirable houses are still getting bidding wars and selling for record breaking prices, but many are seeing the offer date come and go without any offers at all....
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Fair Housing Plan? Tax Grab Or Effective Plan?

Fair Housing Plan? Tax Grab Or Effective Plan?
Ontario’s housing market has seen very dynamic growth in recent years, with prices in the Greater Toronto Area and the Greater Golden Horseshoe rising significantly. To help curb this issue, the Ontario government has come up with a plan that they think will cool off this market. House prices have been rising at a high pace in the GTA since the end of the 2008-09 recessions. After two consecutive years of double-digit gains, average house prices in the Toronto region reached $916,567 in March 2017, up 33.2% from a year earlier. Aside from the the obvious factors, which are low interest rates and...
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6 Critical Things To Determine Prior to Offering on a Toronto Condominium.

6 Critical Things To Determine Prior to Offering on a Toronto Condominium.
Typically, in a normal market, you would make your condominium offer conditional upon status certificate review by a lawyer. However, given our current Toronto market conditions with bidding wars, any condition on your offer can kill the deal. It is common in this market, for the listing agents to pre-order the status certificate and there are some things you can pre determine on your own or with your realtor, prior to putting in an offer.   A status certificate contains pertinent information about the individual condominium unit. Among other things, the certificate would indicate if the current unit...
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