What's Happening in Toronto's Real Estate Market We've all asked this question or at least thought about it and we're trying to "time" the market to see if we can take advantage of it. Reality is, we can't "time" the market and hope to fool it.
Everyone has their opinion about Toronto’s Real Estate Market nonetheless, it’s sounds more and more like their false hopes of a “housing bubble” or perhaps a “much needed correction.” Being a Professional in the industry and your trusted local expert, the only honest advice I can offer is, “It’s better to Buy at today’s prices, rather than tomorrow’s prices.” The Toronto Real Estate Board has reported 11,303, this is an increase of 14% in sales compared to the same period last year, April 2014.While sales increased strongly on a year-over-year basis, new listings were up over the same period by a more moderate five per cent.
The record April result clearly points to the fact that a growing number of GTA households view ownership housing as a high quality, long-term investment. This is evidenced by the strong sales growth we have experienced in Toronto and surrounding regions for all major home types. Firsttime buyers and existing homeowners remain very active in today’s market.
The Toronto Real Estate Board reports, “Demand for ownership housing was very high relative to the number of homes available for sale in April. This situation is not expected to change markedly as we move through the remainder of 2015. Until we experience a sustained period in which listings grow at a faster pace than sales, annual rates of home price growth will remain strong.
If you are contemplating purchasing a home in the near future, please contact me at your earliest opportunity to discuss your Real Estate needs, I will be more than happy to offer a free one-on-one consultation. As you can see in the charts below, prices are consistently on the rise, the longer you wait, the more you will pay.
If you are considering selling your home, the month of May is historically when the highest number of transactions are reported, please call me again for a free home evaluation and a no obligation one-on-one consultation. This is a great opportunity to move-in to a bigger place locking in the record low mortgage rates and a great way to cash out the equity in your home.
Investors, I have great investment opportunities currently and coming soon. If you’re looking to invest in a “low risk, high return” investment, Real Estate is the way to go. Minimum investment starts at $20,000, call me to find out how we can use your home’s equity towards an investment property.
On a last note, referrals are an important part of my business. Anyone you refer will receive special attention and the finest service possible. I’d like to ‘Thank You’ and please keep sending your referrals my way.
(Here is a great article to further explaining today’s Real Estate Market:http://www.thestar.com/business/2015/05/05/gta-house-prices-up-10-in-april.html)