gta real estate
Sales are down 82 per cent from the year before.
While it's easy to think that a few slow weeks are a sign of something larger, a more thorough analysis reveals that the Toronto market is still very strong
In the GTA's high-priced real-estate market, where the barrier to entry for owning a single-family home is exorbitantly high, the City of Brampton represents a rare vestige where detached properties still average for below the million-dollar mark.
A common thing I've been hearing is that Toronto families don't make enough to support home prices at these levels. Bank executives, economists, fund managers and even real-estate agents have repeated this in the media - but they never offer any numbers.
Winning the housing market game can be viewed in a number of ways. To some, winning means getting the home they love -- at any cost. To the smart buyers out there, winning means knowing the difference between good value and over-value, and making a sound purchasing decision that you can live with for years to come.
The Toronto housing market has become a pipe dream for the average homebuyer. How did it get to this point, what are the consequences and is there a solution?
So, you've decided to buy a new condo. Take note of what you want in your new condo, and then determine who can deliver. Buying a home is probably the biggest financial commitment you'll make in your lifetime. Do your due diligence to ensure you're making a smart investment.
This practice is indicative of agents treating each other unethically, and is harmful to our entire profession. Agents who choose to cut others out for the sake of greater commission aren't just cheating their seller. I see this as a short-sighted race to the bottom, and a practice that harms us all as real estate professionals.
A recent article in Toronto Life drew attention to a refurbed house in Mississauga selling for $1.14 million, noting that
It's not a new concept for builders to offer incentives in the form of upgrades to potential buyers. However, I've been astounded by other incentives that have recently popped up in the Toronto real estate market. For example, Kylemore Communities has been offering $35,000 towards any new BMW, with a purchase of one of their specific condo developments.