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Toronto’s housing market experienced another month where sales and prices hit record highs, even as COVID-19 cases increased and the Canada Emergency Response Benefit (CERB) wound down.

According to the Toronto Regional Real Estate Board (TRREB) the average selling price of all homes in September was $960,772, up 14% from the same time last year. Sales were also up last month by 15% compared to last year, while average days on market dropped 30.4% to 16.

Pent up demand was once again considered the catalyst for another record month, combined with low interest rates.

The average price of a condo in the city rose to $593,497, up 7% from September last year. In comparison, sales of semi-detached houses were up by 49%, townhouses increased by…

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The High Park neighbourhood is home to a wide range of houses, activities, and people. At its centre is the neighbourhood’s namesake, a mixed recreational and natural park with sporting facilities, cultural & educational facilities, gardens, playgrounds and even a zoo. Located just west of Toronto’s downtown core, High Park is the perfect spot for anyone who’s ever wanted ‘it all’.

 

 

Homes In High Park

High Park is mainly residential, containing many single-family homes on mature tree lined streets. Houses in the area are typically Victorian, Edwardian, and Tudor-style homes from the late 1800s and early 1900s, some of which have been converted into multiple-family dwellings. Many retain the leaded glass, hardwood trim & flooring, and…

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When buying a home, there are several hidden costs that are often overlooked. Since this will likely be the biggest transaction of your life, it is important to know exactly how much money you need to make the purchase.

Here’s a list of additional costs associated with buying a home that you may not know:

 

 

Moving Costs

The cost of moving can vary depending on if you hire movers, do it yourself, rent a truck, buy boxes, etc. Hiring a moving company will cost more, but will make the transition a lot smoother. You can have them pack and move everything or just move your belongings. Be sure to get estimates from a variety of moving companies to help lower costs.

 

Home Inspection

A home inspection is used to uncover any issues…

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The fall real estate market is almost always a hot season. With kids back in school and the holidays a few weeks away, now is a great time to sell a home. If you want to sell your home during the fall season, it’s important to understand what buyers are looking for and how to position yourself for the greatest possible success.

 

 

Tidy up the yard

When selling your home in the fall, you’ll want to make sure the yard is clean. This is the time of the year where various plants die off and trees drop their leaves. Some plants will go into hibernation, while others will fully expire. Either way, this will leave a bit of a mess on your property that needs to be cleaned up if you want to attract buyers.

Rake dead leaves, cut away summer…

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After coming to a near halt in the spring due to COVID19, Toronto home sales have surged this summer hitting another record high last month.

According to TRREB, the average selling price of a home in the GTA rose 20% year-over-year in August to $951,404, up $7,738 from July’s average. The average selling price for a home in the city was $1,012,506, up a whopping 24% from the year before.

Average home sales weren’t the only thing to experience a boost in August. The number of transactions also soared to a record 10,775 sales, marking a 40.3% year-over-year increase in the GTA.

RELATED: Is Now A Good Time To Buy A Home?

This was the result of pent up demand after the pandemic stalled the market in spring. Homebuyers and sellers are playing…

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First impressions count! The first thing people see often sets the tone and stands out in their memory. This is why the look of your home, from the front yard to the front door, is so important. Whether you are looking to sell your property, or just impress family, guests and neighbours as they go by, here are 4 ways to increase the curb appeal of your home. 

 

Update The Front Door

A really nice front door can make a big difference for your curb appeal, since it is often the first thing people see upon entering your home. It doesn’t have to be fancy or expensive either, just welcoming and easily visible from the curb.

RELATED: Should I Stage My Home?

A fresh coat of paint can give your home a whole new look. Make sure the door is…

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Situated close to some of Toronto’s finest green spaces and natural bodies of water, Swansea is one of the city’s most unique residential neighbourhoods. It is the only Toronto neighbourhood to have its own community run Town Hall, and also the only one to have a lake, river and pond as its natural boundaries. With all the charm of a small town and close to some of the city’s best schools, this family-oriented community is an excellent place to raise a family.

 

Homes in Swansea

Swansea features a fantastic mix of semi-detached and single family homes. Most homes were built between 1905 and 1935 and have undergone remodelling, giving them a contemporary feel while still retaining many of the heritage details that make them unique.

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Located between Runnymede and Jane just north of Bloor, Bloor West Village is an excellent destination for living, shopping, dining and much more. With its strong family-oriented community and close proximity to excellent schools, Bloor West Village is particularly popular among families looking to stay close to the city, but in an area with a distinct community feel. And the fact that it’s located within walking distance to Toronto’s High Park only makes it that much better.

 

Homes in Bloor West Village

Homes in this area are all fairly similar in size and style, having been built in a relatively short period of time between 1912 and 1923. Here you will find mainly semis and detached homes, with modern improvements and upgrades.

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Toronto Market Update – August 2020

Now that Toronto is in Stage 3 reopening, the economy is picking back up as businesses recover from the effects of COVID19. This is especially true for the housing market, which came to a near standstill in April, only to experience a major increase in activity over the last 2 months. It would appear that pent up demand from the spring market has pushed its way into summer, and stats are up across the board.

RELATED: Is Now A Good Time To Buy A Home?

Last month was particularly active for Toronto real estate, with sales activity up for all home types. Normally sales would dip in July relative to June as children are on summer break and families take vacation. This year, however, 11,081 homes were sold in July, a 29.5% increase compared to the…

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Home staging is the professional service of preparing a home for sale in such a way that it appeals to potential buyers. Personal taste and preference differ from person to person, so hiring a professional home stager who knows how to attract a wide range of homebuyers could tip the scales in your favour.

 

Do Staged Homes Receive A Higher Price?

The final price of your home depends on a number of factors including market conditions, buyer demand, listing price, negotiations, how well the home is maintained and more. While a lot of these factors are outside of your control, one thing you can control is buyer impression.

RELATED: Home Repairs To Make Before Selling

Buyers need to see themselves in your home and picture what it would…

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