Why is the Winter Market so Great?

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Selling a home?  Click here for a free home value estimate. 

Call us at (416) 438-2536 for a FREE home buying or selling consultation

Today's topic is all about home sellers. We are going to answer some questions we have been getting lately from home sellers over the past few months.  Hopefully our answers give you some insight into the selling process and help you understand it better.

A lot of people are asking us right now if they should list their home now, or wait until the spring, when most sellers traditionally put their homes on the market.  What we have found, is that there is a great opportunity for home sellers to get in there and sell their home around Christmas time. There is a limited selection of homes for the buyers out there right now, and the lack of choices has them waiting for something new to come on the market. Most of the buyers that are active right now are looking for good homes, and willing to pay the price. Good homes are selling quickly and we are seeing many properties get multiple offers before they are sold. This pre-spring market is fantastic, and we would love to show you the kind of price you can get for your home.

When people think about selling their home, they usually have a time frame in mind that they would like to sell it in. Very often, however, that time frame is too short for us, and doesn't allow us to maximize what your home has to offer. We want to optimize your sale price, in some cases we can increase the value of your home by tens of thousands while only spending a few thousand. We need time to optimize this value, though, and the more time you give us to get your home on the market, the better.


If you have any questions about home selling, feel free to give us a call or send us a quick email. We look forward to hearing from you again soon.

What Does a Strong Market Mean for Your Home Value?

If you're a prospective buyer in the Toronto area, Click here to search all homes on the MLS, or if you want to place your home on the market, don't hesitate to obtain a free home value estimate. If you have any questions, or need any preliminary information about the Toronto real estate market, feel free to contact us at (416) 438-2536

Recently, the Toronto market has been doing quite well. We've seen a steady growth in home prices over the last 18 months and prices jumped an average of $27,000 in September alone. Since this time last year, prices are up over $50,000 to an average of $573,676!

Our vibrant market saw over 8,000 sales last month, outperforming September of last year. It's as simple as supply and demand - the number of available homes is just below the demand for them. There are currently 19,000 active listings, and one in every 2.4 listings is selling in only a month. This means we are absorbing 42% of inventory monthly, which is putting upward pressure on home prices.

Looking short term, it appears our market will continue to grow. Low interest rates, high public confidence in the economy, and a new mayor are all great signs for the future of real estate in Toronto. If you would like to learn more about current market conditions, or have any questions about real estate in general, don't hesitate to give us a call. We would love to hear from you.

How to Protect Yourself When Buying a Flipped Home in Toronto

Buying a home? Click here to search all homes on the MLS
Selling a home?  Click here for a free home value estimate. 
Call us at (416) 438-2536 for a FREE home buying or selling consultation

According to national reports, about 20% of homes are being bought by investors, often in cash. Typically, big funds buy up large numbers of homes with a plan to rent them out, but there are also local investors who buy homes to try to flip them.

If you've seen the many shows on HGTV and other home improvement channels, you know what kind of condition many of these homes are in before they're flipped. Because some of these homes are in such rough shape before they're renovated, it's best to approach them with caution.

Often, everything looks great on the surface of a flipped home. They have brand new kitchens and bathrooms, fresh coats of paint, and a manicured lawn. However, a simple glance at the house or a quick home inspection isn't going to tell you whether the electrical wiring is outdated, the plumbing is faulty, if there is asbestos in the attic, or the basement floods.

Because there are so many things that may cost you down the road, it's crucial to get a detailed home inspection by a reputable company that will be thorough and honest. We will sometimes even recommend an x-ray inspection of the home if we feel it's needed, as you can never be too safe when inspecting a flipped home.

No home is perfect, but you can ensure you find one that's close by getting a great home inspection and working with an agent who can help you negotiate key repairs before you move in. Doing so can be the difference between your dream home and a nightmare.

If you have any questions about buying or selling Toronto real estate, we're the team to call. We want to ensure your transaction goes as smooth as possible. Thanks, and we look forward to talking with you soon!