Toronto Real Estate and Community News

April 19, 2022

QUEEN CHURCH CONDOS

With Queen Church’s collection of downtown Toronto condos, residents can indulge in the finest experiences the city has to offer. Whether designer shopping, gourmet dining and electric nights or historic sites, quiet escapes, and sandy beaches, Queen Church offers something for everyone—and it’s all right around the corner.

 

  • 4 Minutes to Queen Subway Station

  • 2 Minutes to Ryerson University

  • In The Heart of Toronto’s Financial District

  • 100 LifeStyle Score

  • 100 Transit Score                                                                                                                                                                                                   

With the Queen subway station, regular bus service, and more cycling lanes right by your front door at Queen Church, new paths, routes, and possibilities stretch in every direction. The neighborhood is closely connected to itself and those around it, giving you Toronto in a matter of minutes.

 

 

Tridel and BAZIS have partnered to bring a striking new community to the bustling intersection of Queen & Church. Experience downtown living like never before with light-filled suites accompanied by world-class amenities, at the center of it all. 

In the heart of downtown Toronto, these luxury high-rise condos are the perfect mix of upscale living and urban connectivity. Minutes from transit, shopping, education, and entertainment, this striking new condominium located at 60 Queen Street East offers downtown living like you never expected. 

Posted in New Development
April 4, 2022

RADIO ARTS CONDOS

Hamilton has continually ranked as one of the best places to invest in the country.

In just one year, the Hamilton City Planning Department managed to successfully design and deploy an enviable list of accomplishments including a design competition to reimagine an aging pier along the waterfront. With a framework in place to expand the transit system, the development of McMaster Innovation Park, Red Hill Business Park, and expansions to Hamilton’s International Airport – will further contribute to retaining and attracting a skilled workforce, becoming a national center for excellence in life sciences and maintaining its status as the fastest-growing economy in Ontario.

 

Canada’s most diversified and one of Ontario’s fastest-growing economies, which is continually ranked as one of the best places to invest in the nation - Hamilton is investment-ready. From manufacturing to life sciences, to a renewing downtown core, Hamilton is home to world-class companies. Over the past several years, investments have included Amazon, IBM, Nokia, Maple Leaf, Fraunhofer, and Stryker.

 

 

  • Hamilton’s Economic Growth Rate has regularly outpaced national averages.

  • Conference Board of Canada rates Hamilton as Ontario’s fastest-growing economy.

  • Hamilton is located in the heart of Ontario’s highly prosperous agri-business belt and is Top 3 in North America for food and beverage processing.

  • Hamilton’s tech scene has grown by 52% over the course of 5 years and was named Canada’s fastest the growing mid-sized city for tech talent by CBRE.

  • Hamilton is located under an hour away from 5 major border crossings into the US. 

  • Hamilton is within commuting distance of Canada’s largest city and within a 1-hour drive of a workforce of 2 million+ people.

       REAL ESTATE MARKET FACTS

  • 125% THE AVG. CONDO PRICE IN 2010 WAS $310,258 WHICH REPRESENTS A 125.4% INCREASE OVER A 10 YR. PERIOD

  • 84% OF HAMILTON'S AVERAGE CONDO RENT IN 2020 WAS 84% OF TORONTO’S 2020 AVERAGE RENT

  • 59% OF HAMILTON'S AVERAGE CONDO SALE PRICE IN 2020 WAS 59% OF TORONTO’S 2020 AVERAGE SALE PRICE

  • 33% FASTER GROWTH IN HAMILTON VS. TORONTO (AVG. PRICE IN TORONTO IN 2020 WAS UP 13.5% FROM 2019)

  • 27% IN OCT. 2021 HAMILTON CONDO PRICES INCREASED BY 27% YEAR-OVER-YEAR TO $481K

  • 18% THE AVERAGE PRICE OF A HAMILTON RESIDENTIAL PROPERTY IN 2020 WAS UP 18% FROM 2019

 

 Industrial manufacturing in Industrial manufacturing in Hamilton/Niagara represents an estimated $12 Billion annual effect.

                                                          CBRE ranked Hamilton                                                                  Top 2 in North America for tech cities of opportunity.

 

 Hamilton is in the Top 3in North America for food and beverage processing.     Agribusiness contributes One Billion to Hamilton’s economy annually.

Hamilton is a city with a cinematic soul. Adaptable and diverse, gritty and beautiful, it’s a

city that offers a wide range of great quality resources for film crews. In fact, a massive

new Film & TV Production Hub is coming to Hamilton: A coalition of industry leaders to build

500,000 sq. ft. of sound stage and a 15-acre live-work-play community.

 

Hamilton’s McMaster University, Mohawk College, and additional top-rated schools attract

                 over 68,000 students annually from over 162 countries.

 

    LOCATION

Hamilton has been awarded 3.4 Billion in funding from Ontario and Canada to build a new LRT. The LRT will offer frequent and reliable connections on the 14-kilometer line from McMaster University through downtown Hamilton to Eastgate Square.

 

 

 

Posted in New Development
Oct. 26, 2021

JOSHUA CREEK, OAKVILLE

Everything You Need to Know for Moving to Joshua Creek, Oakville

Joshua Creek is a quiet and peaceful residential neighborhood located on the east side of Oakville. Newer than most of the other neighborhoods in Oakville, Joshua Creek has become well known for its large luxury houses, amazing access to transportation, and wonderful selection of schools. Due to its proximity to several major highways, the neighborhood is extremely commuter-friendly. In recent years, many young families have flocked to Joshua Creek looking to escape the hustle and bustle of the big city for a more relaxed environment.

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Where is Joshua Creek?

Joshua Creek is located on the east side of Oakville. The neighborhood sits between Eighth Line and Ninth Line with Dundas Street East acting as the northern boundary and Upper Middle Road East acting as the southern boundary.

Getting around Joshua Creek

Joshua Creek has access to a plethora of great transportation options. The neighborhood is located just a few minutes away from Highways 407 and 403, and the Queen Elizabeth Way, which can connect motorists to Mississauga, Etobicoke, and Toronto’s downtown core. Joshua Creek area also has wonderful public transportation options with several Oakville Transit bus routes servicing the area.

The types of homes in Joshua Creek

The Joshua Creek community was built up in two phases. The first phase was completed in the mid-1990s. This first batch of houses was situated mainly in the south end of Joshua Creek closer to Upper Middle Road. The second phase was built in the mid-2000s and was focused on the north end of Joshua Creek closer to Dundas Street East. Most of the homes in Joshua Creek are two-storey detached and semi-detached houses that range between 2500-3500 square feet. However, it’s not unheard of to find homes larger than 4000 square feet.

Since most of these homes are relatively new, they feature contemporary floor plans. Many of these homes have two-storey entryways, spiraling staircases, and large kitchens. Almost every house in the neighborhood features a solid brick exterior with stone detailing.

Many homes in the later phases of Joshua Creek are more contemporary with luxury finishes. Several homes from the earlier phases are being renovated and upgraded. The larger homes on premium and ravine lots are some of the most sought-after properties in Oakville.

The Emporium Condos is a complex of low-rise condominiums and townhomes located in the north end of Joshua Creek on Prince Michael Drive. This adds some diversity to the housing option in Joshua Creek making it a desirable location for homeowners and renters alike.

Making the move to Joshua Creek

In the last few years, demand for houses in Joshua Creek has grown tremendously. The neighborhood is especially popular for young families due to its safe, peaceful, tight-knit community feel and excellent selection of schools. Joshua Creek offers a much more quiet and relaxing living experience compared to the larger cities to the east. Moving all your earthly possessions into a new house can be a daunting task, especially if you are a young family moving into your first home. Self-storage can be a great tool to help alleviate some of the pressure on move- in the day and can continue to be useful for keeping your new house organized and clutter-free, even after you’ve completed your move.

Right now, Storwell Self Storage is offering my clients an exclusive offer of 4 weeks of free self-storage at any of their facilities. Storwell has locations across the GTA in Scarborough, Etobicoke, and one in Mississauga on the corner of Royal Windsor Drive and Winston Churchill Boulevard, which is just a short drive east of Joshua Creek. If you need self storage to help with your next move, you can call a Storwell representative or visit a facility in-person to demo a unit.

Storwell Self Storage

2525 Royal Windsor Dr, Mississauga, ON L5J 1K9

Phone: 905-823-5555

 

Parks and recreation in Joshua Creek

Joshua Creek has access to a large amount of parkland and numerous scenic walking trails. The Parkway is a large park located on the east side of the neighborhood. The Parkway is home to the Joshua Creek Trail, which is a walking trail that covers the entire length of the neighborhood. Just south of Joshua Creek is Iroquois Shoreline Woods Park, a heavily wooded area that has a series of majestic walking and hiking paths.

Glenashton Park sits in the heart of Joshua Creek on the corner of Glenashton Drive and Eighth Line. The park has several amenities including two baseball diamonds, two soccer fields, a cricket pitch, three well-maintained tennis courts, a children’s playground, a dog park, and a skatepark with obstacles for skaters of every skill level. Glenashton Park is also home to the Iroquois Ridge Community Centre. The Community Centre has a 25-meter competitive swimming pool, an additional leisure pool with a water slide, a fitness center, and is the location of the Iroquois Ridge branch of the Oakville Public Library.

Just north of Joshua Creek on the Ninth Line is the Ninth Line Sports Park. This sports complex includes two full-sized baseball diamonds equipped with floodlights for night games, along with five pristine tennis courts that belong to the Tennis School. Just a few minutes south of the Ninth Line Sports Complex is one of the more unique features of Joshua Creek, a drive-in movie theatre called the 5- Drive In. The drive-in has three screens showing the latest movies as well as a few classics, plus a children’s play area, and a snack bar.

The best schools in Joshua Creek

One of the main reasons why Joshua Creek has become such a popular neighborhood for young families is the amazing selection of schools in the area. The Halton District School Board and the Halton Catholic District School Board both operate several schools in the Joshua Creek neighborhood. The main secondary school in Joshua Creek is Iroquois Ridge High School on Glenashton Drive. Iroquois Ridge received extremely high marks on the Fraser Institute’s Annual Report Card for 2020 and was ranked as the tenth best secondary school in all of Ontario out of nearly 800 other schools.

Joshua Creek also has a wonderful selection of elementary and middle schools. Joshua Creek Public School located on Arrowhead Road is the highest-rated elementary school in the area and was ranked as one of the top 100 elementary schools in Ontario by the Fraser Institute. Other great elementary schools in the Joshua Creek area include:

  • St. Marguerite d'Youville Catholic Elementary School
  • Holy Family Catholic Elementary School
  • Sheridan Public School

Joshua Creek also has several private educational institutions for parents who are seeking an alternative learning option for their children. Located on the corner of Upper Middle Road East and Ninth Line, the Warden International School is a private school that offers superior academic and IB programs for its students. Warden places an emphasis on wellness, which fosters respect empowers students to imagine, explore and achieve a peaceful and sustainable future.

The best restaurants in Joshua Creek

Joshua Creek has a tremendous selection of dining options offering a wide range of cuisines from all over the world. The go-to brunch spot in Joshua Creek is Sunny Morning on Joshua Creek Drive, which serves delicious breakfast staples like oatmeal, eggs, bacon, waffles, and pancakes.

The Upper Oakville Shopping Centre on the corner of Upper Middle Road East and Eighth Line is home to many of Joshua Creek’s best restaurants. The Oakville Pump and Patio is a bar and grill, which serves bar fare like wings, Jalapeños Poppers, and poutine along with more elevated dishes like gourmet Napolitano pizza, steak ribeye, and salmon. Right next to the Pump and Patio is Thai Siam Thai Cuisine, which offers classic Thai curries, stir-fries, and noodle dishes served in an elegant space.

For some of the best pizza in Oakville, visit Big Taste Pizza on Grosvenor Street, which also serves pasta, chicken wraps, and meat lasagna. If you have room left over for dessert, visit Cupid's Gourmet Bakery and sample from their array of gourmet cupcakes, cookies, pies, and other desserts.

 

 

 

 

 

Posted in Community News
Oct. 18, 2021

MORTGAGE RENEWAL STRATEGY

Mortgage renewal can be an easy task. All that's typically required is signing the renewal notice your current lender sends you 30 days before your mortgage maturity date. But by going this route you may miss a chance to improve your finances.

Generally, with the mailed renewal slip, mortgage providers only offer their existing customers a discount from their posted rate and the same terms as before. But that rate may not necessarily be the lowest possible rate you can get and the terms you agreed to five years ago may not suit your current financial and life situation.

It's in your best interest to renegotiate your mortgage and potentially save a lot of money. Here's a strategy that may get you a better deal on your mortgage renewal.

1. Set up a timetable and choose your approach - if you are planning to seek the best possible rate and/or different terms and conditions, start the process early by contacting your lender three months before your maturity date. If you can't negotiate a better offer with your current lender, you'll have plenty of time to shop around for another lender. You may want to recruit a mortgage broker in this search. A mortgage broker can access your credit report and find a list of lenders who will work with you and the best rates they can offer if you choose to switch. You can also ask your mortgage broker to put a hold on another lender's favorable rate and leverage that to see if your current lender can match it or do better.

2. Negotiate a better offer - Armed with competitive rates offered to you from other lenders puts you in a strong position to negotiate. Remember, your lender is motivated to keep your business. You simply ask your current lender for a lower rate, as an existing, long-term customer with a good credit rating and a spotless payment record. If your lender's offer is not to your satisfaction, you can switch to a better one. But, be aware that switching lenders sometimes means you have to go through another mortgage application process and you may incur some costs. 

Following the above strategy can save you a substantial amount of money over the life of your mortgage.

 

Posted in Real Estate News
Oct. 17, 2021

OAKVILLE MARKET REPORT- OCTOBER 2021

Oakville home prices continued their upward trajectory in August. The average selling price for all homes combined increased by 16.7 percent year-over-year, to $1,489,298. While sales were down in comparison to August 2020, new listings dropped by a whopping 46.6 percent. 

The condo apartment segment saw the biggest hike in average price, up by 29.7 percent, to $835,994. The detached homes segment was a close second, with a 23.8 percent increase in value, to almost $2 million, at $1,958,639. The freehold townhouses surged by 22.2 percent, to $1,147,511, but the condo townhouses saw a decline in the price of 3 percent from $823,795 in August 2020 to $799,470 in August 2021.

Low listings are driving prices by heating up the competition amongst buyers. "Sales have accounted for a much higher share of new listings this year compared to last, and the story was no different in August. There has been no relief on the supply side for homebuyers, in fact, competition between these buyers has increased.

As we move toward 2022, expect market conditions to become tighter as population growth in the GTA starts to trend back to pre-COVID levels," says Toronto Regional Real Estate Board( TRREB) chief market analyst Jason Mercer. 

Posted in Market Updates
Sept. 11, 2021

OAKVILLE MARKET REPORT: AUGUST 2021

Monthly property sales were down by 295, totaling 534 compared to 829 in August 2020.

 

The total number of new property listings also saw a decrease of 484 this year: 575 new listings in August 2021 compared to 1,046 in 2020.

 

For homes processed through the OMDREB MLS® system, the number of days on market until sale dropped 35 percent in August 2021, sitting at just 13 days compared to 20 in August 2020. For townhomes and condos, days on market dropped 30 percent at 14 this year compared to 20 in August 2020.

 

 

In Oakville, the average sale price for a home in August 2021 was $2,115,917, up 27.1 percent from $1,664,579 in 2020. The average sale price for a townhouse/condo was $1,006,535, up 18 percent from $852,917 in 2020.

 

 

 

 

 

Posted in Market Updates
Sept. 9, 2021

NEW CONDO DEVELOPMENT IN TORONTO & GTA

Thinking about buying a condo from the builder? Now open to the public. VIP Priority Sales Exclusively through Platinum agents is ON NOW. 

From the mid 500's / 541 sq ft - 871 sq ft

VIP SALE NOW on

KINDRED CONDOS is a New Condo development by The Daniels Corporation located at Eglinton Ave W & Erin Mills Pkwy, Mississauga.

Kindred Condos is the newest high-rise condo to join Daniels's successful Erin Mills master-planned community in the heart of Mississauga. This vibrant community offers one-of-a-kind living, celebrating multi-generations from all walks of life. Thoughtfully designed suites, exclusive building amenities, and stylish designs can be found here while the convenience of the neighborhood offers access to over 500 parks in the city, walking distance to major shopping centers and state-of-the-art medical facilities, and just minutes from commuting options.

A wide variety of vibrant lifestyle amenities surround Kindred Condos, creating a community of choice and convenience. Located within walking distance are some of Mississauga’s best dining, shopping, and entertainment options including Erin Mills Town Centre. This world-class shopping center is home to over 185 shops and services. Local and Big Box brands are also easily accessible to residents. The area is rich in arts and culture, home to a diverse range of theatres, galleries, music venues, festivals, events, and local farmers’ markets helping to create a sense of connectedness and small-town charm in the heart of the big city.

This family and multi-generational friendly neighborhood is surrounded by plenty of natural green space, playgrounds, more than 500 parks, community centers, recreational sports fields, and is located just minutes from Mississauga’s beautiful waterfront, trails, and the sandy beaches of Lake Ontario. Kindred Condos is conveniently located just minutes from Credit Valley Hospital. Many great schools of all learning levels are located nearby including the University of Toronto’s Mississauga campus.

Living at Kindred Condos gives way to seamless travel and commuting throughout the city and the GTA. Motorists are just a 4-minute drive away from Highway 403 and will also have easy access to nearby Highways 407, 401, and the QEW. Motorists will be able to drive into downtown Toronto in just over half an hour. Both MiWay and GO Transit bus routes are available to residents just mere steps away from the front door and the Streetsville GO station is just a short 5-minute drive away. The Milton Line will quickly transport riders into Union Station.

For over 35 years Daniels Corporation has built over 30,000 award-winning communities. They are considered to be one of Canada’s premier and largest real estate developers. Their building process is unique as they tend to look beyond just the physical building and strive to create a sense of belonging for the buyer.

 

ALBA CONDOS 

Hurontario & Central Pkwy, Mississauga

621,990 - 931,990 / 490 sq ft - 863 sq ft 

New Release of Penthouse Suites and Townhomes!

Alba Condos will be Edenshaw Development's newest high-rise residential building to grace Mississauga’s downtown skyline offering an abundance of exclusive building amenities, suites that will feature exceptional finishes, and spacious balconies that will provide breathtaking views of Lake Ontario alongside downtown Mississauga and Toronto skylines. Mississauga’s downtown core is undergoing extensive development and revitalization in residential, commercial, and infrastructure, making it the perfect time to invest in the city.

Alba Condos is located in a transit-centric neighborhood of downtown Mississauga, making it extremely simple for residents to travel by public transportation throughout the city. Alba Condos faces Hurontario Street, a major artery that runs through the city. MiWay; Mississauga’s regional transit service and GO Transit bus routes are both accessible to riders just steps away from home. City Centre transit hub and Cooksville GO transit station are both easily accessible by foot. The new Hurontario LRT will run right past Alba Condos with stops conveniently located at Cooksville GO and City Centre Station.

Residents of Alba Condos that prefer to travel within the city and commute throughout the GTA within the comfort of their own vehicle will have easy access to major thoroughfares in the surrounding area including Highway Motorists who will be able to quickly drive into downtown Toronto in just 25 minutes.

Downtown Mississauga is a bustling, vibrant, and quickly growing part of the city. Residents of Alba Condos will be conveniently situated within walking distance to a wide variety of exciting lifestyle amenities including dining, shopping, and entertainment options in the area. One of the area’s biggest attractions is Square One Shopping Centre. This world-class retail location is Ontario’s largest and Canada’s 2nd largest shopping mall, spanning over 2.2 million square feet, and home to over 360 shops and services.

Alba Condos is the perfect place for families and students to call home. Downtown Mississauga is home to much great public and private schools, community centers, recreational sports and activities, and state-of-the-art medical facilities. Post-secondary schools including Sheridan College Hazel McCallion Campus and University of Toronto Mississauga Campus are both located within minutes of Alba Condos, making it a great option for off-campus accommodations. The area is home to plenty of parks and natural green spaces. Celebration Square hosts many family-friendly events and festivals throughout the year and Lake Ontario with its beautiful waterfront beaches, parks, and trails is also close by for residents to enjoy.

Edenshaw Developments is a boutique real estate development company dedicated to building beautiful, artistic and mindful residences and engaged communities within the GTA that are highly connected, neighborhood-centric, sustainable, and innovative including exciting Port Credit Village, an area they know intimately, love, and are proud to be a part of

Bartley Dr & Tisdale Ave, Toronto

1,079,990  - 1, 299,990 / 1081 sq ft - 1710 sq ft 

Final Towns Now Selling 

Bartley Towns is a New Townhome development by Bazis Inc located at Bartley Dr & Tisdale Ave, Toronto.


Residents of Bartley Towns will love having easy access to TTC bus routes including 24 hour and express routes just steps away from home. The Eglinton Crosstown LRT is also easily accessible to residents needing to commute across the city quicker. The Don Valley Parkway is conveniently located just down the street from Bartley Towns, allowing motorists to easily connect to Highway 401 and 404 or the Gardiner Expressway and be in downtown Toronto in just 20 minutes.

Toronto’s Golden Mile is a commercial district within Scarborough located near Bartley Towns that conveniently offers residents lifestyle amenities including plenty of dining, shopping, and entertainment options.
Bartley Towns is directly connected to Bartley Park allowing residents easy access to natural green space in the middle of the city. Other green spaces in the area include Flemingdon Park and Charles Sauriol Conservation Area. There are several walking, biking, and hiking trails that run along the Don River to explore also.
There are plenty of educational institutions of all learning levels in the area from preschool, private, and public schools. With Sunnybrook Hospital nearby and family-friendly attractions like the Ontario Science Centre nearby, Bartley Towns is the perfect place for families to call home.

 

Downsview Park Towns is a New Condo Townhome development by Stafford Homes Ltd. located at Keele St & Sheppard Ave, Toronto.

679,990 - 1,175,990 / 1122 sq ft - 2686 sq ft

 

 

 

Downsview Park Towns is a collection of LUXURY townhouses that stand strong against the lively and vibrant greenery that is Downsview Park. The luxury townhome collection is created by the ever-dependable Stafford Homes.

In this perfect location, you are minutes away by foot, car, and even bike from shopping boutiques, excellent restaurants, and endless parks. Close to Downsview Station you can enjoy a less than 30-minute commute to the downtown core or embrace all the events and activities that Downsview Park has to offer.

 

MILA Towns is a New Townhome development by Madison Group located at Midland Ave & Lawrence Ave E, Toronto.

From 1 Million / 1787 sq ft - 3353 sq ft 

 

MILA  Towns is a brand new, exciting community coming to the heart of Scarborough. This master-planned community will consist of spacious family-sized freehold towns, semi-detached, and detached homes located at the bustling intersection of Midland Ave and Lawrence Ave E. Residents will be conveniently located just minutes from transit, including the upcoming Sheppard East LRT, major lifestyle amenities, major thoroughfares, and so much more.

A perfect locale for city commuters, MILA Towns is surrounded by transit options, allowing for easy access to bus routes and is just minutes away from the Lawrence East Subway Station, allowing riders to quickly transfer to the Bloor-Danforth line into downtown Toronto in under an hour.

The upcoming Sheppard East LRT will also help riders commute quicker throughout the city, adding 13 kilometers of rapid transit from Don Mills Station to Morningside Ave.

Conveniently located less than 10 minutes away from Highway 401, motorists will be able to conquer their daily commute with ease and drive downtown in just 25 minutes.

Major lifestyle amenities including dining, shopping, and entertainment options can be found at nearby Scarborough Town Centre, offering over 250 stores and services. Kennedy Commons is just 5 minutes away where residents of MILA Towns will find a wide assortment of brand name amenities and Big Box Brands.

This family-friendly neighborhood is surrounded by lush parks, playgrounds, community centers, sports fields, recreational facilities, and great schools of all learning levels. Centennial College and University of Toronto Scarborough Campuses are just 12 minutes away and draw over 30,000 post-secondary students combined to the area, making MILA Towns a great investment opportunity or home for growing families.

Madison Group has evolved from a successful family business into a multi-faceted company that owns, develops, and manages landmark residential and commercial properties. Madison’s extensive portfolio includes mixed-use high-rise projects, low-rise master-planned communities, office, retail, prestige industrial, rental, and retirement properties throughout Toronto and New York.

Posted in New Development
Aug. 28, 2021

FACTORS THAT INFLUENCE "TIME ON THE MARKET"

When you are thinking about selling, it's not uncommon to be at least a little concerned about timelines. After all, if you're also buying a new home, it's important to know how long the selling side of the process will take. The good news is, you can get a reasonably good idea of how long you can expect your property to be on the market. That's because it's influenced by market conditions and other factors that can be determined in advance. For example:

Buyers' or Sellers' market? If it's a buyers' market, there are generally more listings than people actively searching for a home. In that scenario, buyers can take their time without worrying too much about losing an opportunity. On the other hand, if it's a sellers' market, properties tend to sell much faster. 

Demand for your property. Whether it's a buyers' or sellers' market, the demand for your property may be an exception. There may or not be a lot of people looking for your specific type of home.

Condition of your home. How well your home shows plays a pivotal role in how many buyers view it and become interested enough to make an offer. Fortunately, this is something you have a lot of control over. There are many ways to make your home look enticing to buyers. 

Listing price. The listing price of your home has an impact on how long it takes to sell. if you list for well above your property's current market value, you may attract only a few interested buyers or none at all! Setting the right list price is crucial.

Another factor that influences how long your home will take to sell is the real estate professional you choose to help you. It is very important to make your home looking its best. You want to hire a real estate professional that will help you in every way, starting from creating the best selling strategy, hiring the best company for your photos, video, floor plans, 3D model and etc., making sure all the minor repairs are done, creating the best curb appeal, decluttering, deep cleaning, and staging your home. All this is very important to successfully sell your home and get you the best sale price possible. 

Posted in Selling Your Home
Aug. 28, 2021

NORTH OAKVILLE MARKET REPORT

In line with the typical slowdown of summer months market activity, June home sales in the GTA declined by 7% from May. Although in comparison to the same month a year ago, sales soared by 28.5 %. Home prices also inched lower in comparison to May but jumped up by 17 % on a year-over-year basis.

This seasonal sales trend was also evident in the Oakville market, with homes sales declining by 6 % on a month-over-month basis, skyrocketing by almost 20 % in comparison to June 2020. Although the average home price followed the seasonal trend by declining 3 % from $1,476,467 in May to $1,437,986 in June, the detached and condominium apartments segments defied it. 

The price for a detached home rose by 1 % a month-over-month basis, from $1,855,362 in May to $1,874,551 in June and condos jumped by 4 % from $685,109 to $710,067. In comparison to June 2020, the price growth was 19 and 17, and 27 % respectively.

" With sales still outpacing listings and with the growth of prices by around 25 % for both single-family homes and condominiums, it continues to signal the need for a shift to more affordable housing. This remains an issue throughout the real estate sector in Ontario, " says Lynn Hoffman, President of the Oakville, Milton and District Real Estate Board.  

Posted in Market Updates
June 13, 2021

TORONTO MARKET REPORT

 Residential transactions reported through TRREB’s MLS® System remained high in May 2021, but fell short of the 2016 record and were below this year’s March peak. Despite a slight ebb in sales over the last two months, market conditions remained tight enough to push the average selling price to an all-time record in May.


Greater Toronto Area REALTORS® reported 11,951 sales in May 2021 – more than double the result from May 2020, the second full month of the pandemic. May 2021 sales were below the May 2016 record of 12,789 but remained well above the average May sales of 10,336 for 2010 through 2019 period. Often, May is the strongest sales month in any given year; however, 2021 results bucked this trend, with May sales below the 15,646 deals reported in March.

 

“There has been strong demand for ownership housing in all parts of the GTA for both ground-oriented home types and condominium apartments. This was fueled by confidence in economic recovery and low borrowing costs. However, in the absence of a normal pace of population growth, we saw a pullback in sales over the past two months relative to the March peak,” said TRREB President Lisa Patel.

The MLS® Home Price Index Composite Benchmark was up by close to 19 percent year-over-year in May 2021. The average selling price across all home types was up by 28.4 percent year-over-year, reaching a record $1,108,453. On a seasonally adjusted basis, the average price increased by 1.1 percent between April and May 2021.

“While sales have trended off the March 2021 peak, so too have new listings. This means that people actively looking to purchase a home continue to face a lot of competition from other buyers, which results in very strong upward pressure on selling prices. This competition is becoming more widespread with tighter market conditions in the condominium apartment segment as well,” said TRREB Chief Market Analyst Jason Mercer.

 

 

 

Posted in Real Estate News