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Images of Future Toronto with All These New Condos
When walking down the streets of Toronto and you see all these development signs, do you ever wonder what the skyline will look like once these condos are built? I certainly do.
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Average GTA Home expected to top $1M
This year started with an unprecedented flurry of home purchases. It’s without a doubt that Toronto’s real estate market was off to a very strong start. The average selling price for January 2021 was up by 15.5 per cent to $967,885 year-over-year. [1] (compare that to $929,692 in 2020).
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Home Prices High b/c Canadians Want to Pay More
SELLER ASKS: “I’m thinking of selling my house, how is the market?” AGENT REPLIES: “Remember back in May when you were looking or toilet paper? Yeah, it’s like that.”
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5 Reasons why Toronto Housing Market is Nutty Now
For the past couple weeks, my fellow Realtors and I were faced with multiple offers from as little as 2 to as many as 32 (for real!). With our buyer clients, we have been on the edge of our seats hoping we will not get yet another notification that an offer has been registered. With our seller clients, even we were shocked with the amount of (bully) offers on re-listed properties that did not sell last year.
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Are Mortgage Rates Rising Sooner than Expected?
Right now, we have historic lows for mortgage interest rates, and historic lows for inventory all across Canada (and the US). The question everyone has been asking is, “How long will this last?”
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