November 17, 2009: Real estate in Toronto is on a roll. Average prices in October were 20% higher than at the same time last year. 64% more sales were recorded, while 21% fewer properties were listed for sale. Inventory is almost half of what was available in October last year, and properties take, on average, 30% shorter time to sell.
New listings are still not coming in at the last year level, and the listing inventory is drying out. It is now lower by 46% than at the same time last year. Buyers see the value of historically low interest rates, significantly increasing affordability.
November 4, 2009: After a comparatively slow July and August, mainly due to the lack of listings, September and October were fairly busy in Riverdale. Out of all homes listed for sale since the beginning of this year only seven did not sell, fifteen are available and one is sold conditionally, while 193 listings taken this year were successfully sold.
September 12, 2009 - A popular shopping and dining destination, Roncesvalles Village is presently being dug up... Major portion of Roncesvalles Avenue is reduced to one northbound lane, while the central part of the street is open to at least couple of meters below the surface. The traffic is extremely difficult, with only a few intersections allowing for both pedestrian and motorized traffic crossing the street.
Current state of the neighbourhood is not encouraging to market a home, and it is not surprising that only eight properties were listed for sale in August. Out of these, five were sold very quickly, with multiple offers, all well above the asking price.
The largest city in Canada, Toronto has an industrial past. Its factories, built in the 19th and early 20th centuries, over time became defunct, and are sitting on prime downtown real estate. Such buildings are a superb material for loft conversions. Converting abandoned factories and warehouses into lofts can revive run-down areas of old cities, and provide interesting living space for artistically inclined individuals.
Toronto home issues: Can you prolong the life of your existing roof?
When you hear the words “the property is under Power of Sale”, immediately you envisage a ‘great deal’. It may seem that you can pick up the property for a song.
A Power of Sale happens when a mortgago
When we talk about housing, we often mention "roof over our head". The roof is, certainly, one of the most important parts of any home, protecting the rest of the structure from water damage.
Toronto front yard parking does not follow property upon sale
Preparing your home for sale: getting rid of clutter
A letter from the City of Toronto recently received by Toronto Real Estate Board raises an issue of front yard, or boulevard, parking licenses. When a property with a front yard parking
The most important time for dealing with clutter is when we intend to list our homes for sale. A cluttered home looks and feels smaller, and does not show its best. The prospective buyer will not appreciate
Staging is a system of arranging home furnishings to create a welcoming atmosphere and a positive impact from the first moment a prospective buyer enters the door.
Staging is not a new concept. It has been used for years in other areas of business. Store windows, meals in a good restaurant, photos in magazines, they all are staged to achieve the same goal - a great first impression.
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