By: Thomas Cook

What Are Some Of The Advantages For Condo Owners?

What Are Some Of The Advantages For Condo Owners?

A condo or a house? That's the choice facing a lot of Toronto homebuyers, likely more than homebuyers in any other city. Buying a condo in downtown Toronto ensures a good proximity to everything from work and transit to shopping and nightlife, and homes are generally more expensive than condos. That said, homes have their own special qualities that appeal to many buyers. The two most significant differences between a condo and a home are monthly maintenance fees and stricter rules and policies set by the condo board. Depending on your own lifestyle, these differences can be a burden or a bonus and will likely be a big part of determining whether owning a condo is for you. For example, ...Read More

By: Thomas Cook

Living In Toronto? Get Excited About Our Waterfront

Living In Toronto? Get Excited About Our Waterfront

Toronto's waterfront, through current and future condo and infrastructure projects, is expected to be one of the most envied urban waterfront areas in the world in as little as a decade. These projects are a part of a 2001 Waterfront Toronto mandate that promised to create an area of mixed-use communities, employment space, public spaces and parks in 25 years. Not only will the Toronto waterfront be a place to brag about, it’ll feature some of the most revolutionary green technology available. A number of the new developments will have green roofs, and the Aqualina and Aquavista buildings by Tridel are home to two penthouse suites that will get all their hot water and electricity...Read More

By: Thomas Cook

Selling Your Home This Spring? Get Ahead Of The Toronto Market

Selling Your Home This Spring? Get Ahead Of The Toronto Market

Selling in the spring doesn't have to be as hectic of an experience as you're probably imaginging if you've been planning on moving in the next few weeks or months. The best way to ensure you experience a smooth transaction and selling experience is get ahead now, while you can! Meet with an agent. The first step towards an efficient listing is meeting with your realtor, who can custom tailor a plan to sell for your home specifically using their knowledge of the surrounding properties and ideas for how you can improve your home through staging or other changes. Head to the garden centre. Garden centres will be opening shortly, and this is your chance to meet spring head on! ...Read More

By: Thomas Cook

Will Toronto's Real Estate Market Continue To Appreciate?

Will Toronto's Real Estate Market Continue To Appreciate?

Sales were up 7.8% for Febuary compared to last year with 6,338 houses and condominiums changing hands in all the districts. Condo townhouse and high-rise suites dropped their share of the market slightly to 32.9% with 2,087 units being sold. The February average sale price for all GTA homes came in at $596,163 – up 7.8% from 2014. The active listing inventory is one of the strongest indicators of how smooth or outrageous the market is going to be.  We had a 23% decline in inventory for the month of February compared to historical numbers and lower by 8.7% from last year at this time. The sales-to-listings OR percent-chance-of-selling ratio is how we determine what type ...Read More

By: Thomas Cook

The Biggest Myths About Selling Your Home In Toronto

The Biggest Myths About Selling Your Home In Toronto

The real estate world somtimes feels like it's full of misinformation, but it doesn't have to be, and your real estate agent can give you a better idea of whether or not you're on track for success when you're trying to sell your home. Here are three of the most common myths about selling your home: It’s harder to sell a house with a swimming pool – this is a very common myth about selling your house. It’s true that your average swimming pool does require maintenance and can increase energy bills, but there are also a lot of buyers out there who will be really loving that pool come the middle of summer. It’s a bonus, just make sure that your pool l...Read More

By: Thomas Cook

Toronto Average Selling Price Is $602,110 Mid-February

Toronto Average Selling Price Is $602,110 Mid-February

The average selling price for a home in Toronto has risen 10.3 per cent to $602,110 over the first two weeks of February 2014. According to Jason Mercer, the Director of Market Analysis for the Toronto Real Estate Board, “With tight market conditions, continuing to prevail in most parts of the Greater Toronto Area, especially where low-rise home types are concerned, it is no surprise that we continue to see strong competition between buyers leading to robust annual rates of price growth.” New listings increased during this time period by 3.5 per cent, while home sales increased by 14.9 per cent over the first two weeks of February 2014. “As households continue to ...Read More

By: Thomas Cook

Will Lower Interest Rates Cause A Buying Frenzy?

Will Lower Interest Rates Cause A Buying Frenzy?

Sales were up 6.1% for January compared to last year with 4,355 houses and condominiums changing hands in all the districts. Condo townhouse and high-rise suites increased their share of the market to 35% as they usually do in January with 1,526 units being sold. The January average sale price for all GTA homes came in at $552,575 – up 4.9% from 2014. The active listing inventory is one of the strongest indicators of how smooth or outrageous the market is going to be.  We had a 20% decline in inventory for the month of January compared to historical numbers and lower by 2.5% from last year at this time. The sales-to-listings OR percent-chance-of-selling ratio is how w...Read More

By: Thomas Cook

What Are The Best Ways To Boost The Resale Value of Your Toronto Home?

What Are The Best Ways To Boost The Resale Value of Your Toronto Home?

When you decide to sell your home, it's only natural to want the best price. It's your home, you've made memories in it and it has tremendous value to you. The tricky part is that you have to make potential buyers see the same value in your home that you do. However, no one has an unlimited budget, and when you’re getting ready to sell it’s important to make sure your budget is spent in the right place.   Before any cosmetic renovations – if your home as any structural, electrical, plumbing or any other “big” issues, take care of them instead of doing smaller renovations. Even though this will eat up a considerable amount of your home staging...Read More

By: Thomas Cook

Condo Prices in Toronto Increase to $367,199

Condo Prices in Toronto Increase to $367,199

According to the latest Toronto MLS Listings statistics from the Toronto Real Estate Board, the average selling price for a condo in the fourth quarter of 2014 was up by 3.8 per cent to $367,199 over the same time period last year. “Despite very strong condominium apartment completions over the last two years, we have not experienced a glut in inventory,” said the director of market analysis for the Toronto Real Estate Board, Jason Mercer, in a press release. The number of buyers has more than kept up with the number of units available for sale. This is why we continued to experience above-inflation average price growth in the condo segment.” Condo sales also increased...Read More

By: Thomas Cook

Toronto Home And Condo Sales Almost Hit A Record

Toronto Home And Condo Sales Almost Hit A Record

In 2014, home and condo sales in Toronto fell just short of the record set in 2007. Sales were up 10% for December compared to the average with 4,446 houses and condominiums changing hands in all the districts. Condo townhouse and high-rise suites increased their share of the market to 36.7% as they usually do in December with 1,631 units being sold. The December average sale price for all GTA homes came in at $556,602 – up 7% from 2013. The active listing inventory is one of the strongest indicators of how smooth or outrageous the market is going to be.  We had a 27% decline in inventory for the month of December compared to historical numbers and lower by 10% from last y...Read More