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

By: Thomas Cook

What's The Best Neighbourhood To Live In Toronto?

What's The Best Neighbourhood To Live In Toronto?

Do you want to know where the Toronto neighbourhood in which you live or might like to ranks among the rest of Toronto's neighbourhoods? Toronto is often called the city of neighbourhoods and is home to over 140 of them. Toronto Life has released an in-depth Toronto neighbourhoods ranking, which it considers the “ultimate ranking of the city’s 140 neighbourhoods.” Each neighbourhood was ranked on 10 different factors: employment, schools, diversity, community engagement, entertainment, health and environment, shopping, transit, crime and housing. According to the rankings, the top 5 neighbourhoods in Toronto are: 1. Rosedale-Moore Park 2. Banbury-Don Mills ...Read More

By: Thomas Cook

Average Selling Price For A Toronto Home Up 8.6% Mid-December

The Toronto Real Estate Board says that the average selling price for a home in Toronto has increased by 8.6 per cent to $565,873 in the first two weeks of December of this year compared to the same time last year. According to Jason Mercer, the Toronto Real Estate Board’s Director of Market Analysis, “Sellers’ market conditions remain in place for low-rise home types including detached and semi-detached houses and townhouses. The condominium apartment segment of the market has been more balanced due to strong project completions, but there has been enough buyer interest to prompt condo price growth above the rate of inflation.” There were 2,496 sales through t...Read More

By: Thomas Cook

Listing Inventories Down 24% Compared To The Monthly Average

Hi, it’s Thomas Cook from Toronto’s Real Estate Team at RE/MAX and here is our November 2014 Toronto real estate market report. The listing inventory for November was the big friction point preventing higher sales. I’ll comment more on that in this broadcast as we go through the market report. So… let’s review some of the Toronto Real Estate Board statistics and see what this is all about. Watch the video to get the complete November Market Report details. ...Read More

By: Thomas Cook

Average Selling Price For A Toronto Home Up 7.6% Mid-November

The Toronto Real Estate Board has announced that the average selling price for homes sold in Toronto during the first two weeks of November 2014 is up 7.6 per cent over the same time last year, bringing the average selling price for a home in Toronto to $579,834. Jason Mercer, the director of market analysis for the Toronto Real Estate Board, said that, “Sellers’ market conditions continued to be experienced for low-rise home types during the first 14 days of November. In many neighbourhoods across the GTA, there are a number of buyers competing for a constrained supply of singles, semis and townhouses. This is why, more often than not, annual average rates of price growth for ...Read More