October 2022 RSS Feed

Found 4 blog entries for October 2022.

Having a finished basement is not only good for entertaining friends and family, but it also adds
value to your home. If you're thinking of completing your unfinished basement, here are 4
renovation ideas to help you get started.

Home Gym

If you’re looking to add a workout room, the basement is a perfect spot. It’s not always easy to
stay motivated, but having easy access to your treadmill at home could be one less excuse to
skip your run, especially on cold winter days. You can even make exercise time a part of your
family’s routine.

Home office

Working from home has become a regular routine for many people. And if the kitchen table
isn't cutting it for you anymore, the basement could a great spot for a workplace. Having a
dedicated work…

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Spring is typically known as the busiest season for home buying and selling. But that doesn't mean that other seasons are a write-off. In fact, there are even some advantages to selling in fall that the spring market doesn't have. And with the Toronto real estate market showing signs of picking back up, this could be your best chance.

Here are some reasons why fall might be the best time to sell your home. 

Less Competition

Even though fall isn't the busiest season for Toronto real estate, that can actually work in your favour. Less activity results in less competition, which means buyers are less likely to look for a 'better' option. If your home is the only one for sale in your neighbourhood then a buyer can't compare your house to the one…

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Applying for a mortgage is one of the first steps in buying a new home. To make the mortgage application process flow as smoothly as possible, there are a few things you should avoid before, during, and after applying for your mortgage. Here are 3 things to avoid when applying for a mortgage. 

Making Large Purchases

You may be excited to buy some furniture for your future home, or maybe a car to go in your new driveway, but doing this can cause problems during the mortgage process. Financing these large purchases increases your debt and thus your debt-to-income ratio, which is a main factor that mortgage lenders consider during the application process. Changes in your debt-to-income ratio, even after you have been pre-approved for a mortgage can…

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Toronto home prices were down in September as the market experienced the lowest number of new listings in 20 years.

The average selling price of a Toronto home came in at $1,086,762, which is a 0.67% increase compared to the previous month of $1,079,500. It was the second consecutive monthly price increase, but on a year-over-year basis the average house price dipped 4.3%.

“Hovering just below $1.1 million, the average selling price may have found some support during the last couple months of summer,” Jason Mercer, chief market analyst for TRREB, said in a news release. “October generally represents the peak of the fall market, so it will be important to see where price trends head over the next month.”

In total, there were 11,237 homes…

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