October 2021 RSS Feed

Found 4 blog entries for October 2021.

The Canadian housing market is expected to remain strong moving into the fall season.

A new report suggests that housing prices are anticipated to increase by 5% in the remaining months of 2021. Despite COVID uncertainty, Ontario has seen some of the highest average residential price increases across detached homes this year.

Young families are the driving factor for this increase. The demand for bigger lots and more green space has pushed homebuyers into the suburbs to find their dream home. More square footage has also been popular, as work-from-home jobs seem to be staying for the foreseeable future.

RELATED: 3 Myths About Selling In The Fall

While demand for detached homes has been rising month-over-month, the inventory has not…

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Sellers don’t always disclose the whole truth when listing a home. You always have to be on the lookout for potential problems during your search. Here are 4 red flags to look for when buying your next home:


Minimal property photos

 

Listings with little to no property photos should immediately arouse suspicion. It's possible that the house could need substantial work, renovations or repairs. There's also a chance that there's a reasonable explanation, but you’ll want to be cautious. The best way to find out is to take a walkthrough of the home with your real estate agent.

RELATED: What Happens At A Home Showing?


Bad Smells

 

A house should not have any noticeable odors. If you sense a musty smell during a walkthrough, then…

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Sales climbed for the first time in five months to start off the fall season, hitting the third-highest mark on record for September according to TRREB.

There were 9,046 home sales in the Toronto region last month compared to 8,596 in August, marking the first month-over-month increase in activity since March.

“Demand has remained incredibly robust throughout September with many qualified buyers who would buy a home tomorrow provided they could find a suitable property,” according to TRREB.


Although more homeowners put their properties up for sale last month, the total number of houses on the market was lower than in the fall of last year.


The average selling price across the Toronto area was $1,136,280, an 18.3% increase compared…

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Fall offers some excellent opportunities to sell your home. Unfortunately there are many myths surrounding the fall market that may make some home sellers hesitant to list their homes.

If you are thinking of selling your home, we dispel some common myths about selling this season.


The cold weather deters homebuyers

Just because the weather cools down for fall, doesn't mean the real estate market does as well. Homebuyers who came up short in the summer may even be more committed to finding a home this season. When preparing your home for a showing, be sure to turn up the thermostat to make the buyers feel comfortable. You can even turn on your fireplace and add some blankets and pillows to create a warm and cozy indoor atmosphere. 


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