Our last post looked at the 3 biggest mistakes people make when hiring a realtor. This one examines the questions you should ask before hiring them, thus ensuring you have the best agent to sell your home. The fact is not all realtors are the same. Each brings a certain level (or lack) of experience, knowledge of particular neighborhoods, sales…
Tag: GTA
Top 3 Mistakes Sellers Make When Hiring A Realtor
When it comes to selling your home, hiring a realtor with the lowest fees isn’t always the best option. In fact, there are several other factors to consider, including experience, regional knowledge, marketing budget, and pricing strategy. Let’s look at the top 3 mistakes most sellers make when hiring an agent. Mistake #1: Hiring a realtor with the lowest commission…
Rising Interest Rates: Everything You Need To Know
Understanding The New Interest Rate Hike The Bank of Canada recently raised its key overnight rate by 25 basis points to 1.5%. Big banks like TD and BMO also followed suit, increasing their prime lending rate to 3.70% So how does this affect Toronto’s real estate market? The short answer: positively. While it costs more to borrow, the rate hike is…
Toronto and GTA Summer Housing Market Overview 2018
The state of Toronto’s condo market for summer 2018 is hot. And, like summer, it’s only going to get hotter…. Some quick (yet revealing) facts: The average price of a downtown condo is currently $673,537 The average days on market for a downtown condo is 16 Overall sales prices have increased 2% year-over-year to $807,871 While detached home prices plummeted…
Downtown Toronto’s Condo Market – Spring 2018 Overview
Spring Thaw After months of cold weather and cool sales, Toronto’s housing market is once again heating up—just in time for spring. Properties in the downtown area are seeing an uptick in offers, while demand for GTA real estate keeps growing. According to The Star, “the real estate industry is finally predicting a return to a traditionally brisk spring.” In…