Archives for May 2015

The Toronto market continues to stay strong, with this comes the high demand and limited supply . Due to the fact that there is no more room to build within the city. Housing inventory is declining daily, houses are being torn down to build more condos. There is always going to be a strong demand for houses, the problem we face is the shortage of supply and increasing demand. I believe that Realtors need to adjust to this and create a more efficient process for bidding wars. My team and I are dealing with this process on a daily basis. The one thing we have all noticed is that the system is very flawed. The process starts off with submitting an offer. The selling agent is not allowed

Choosing the Right Building The condo market has really taken off over the last 6 weeks, as we're seeing record prices in many buildings across the city. With over 50,000 units currently under construction we are going to see a ton of inventory come onto the market. A lot of the new inventory is very cookie cutter. Hence, purchasing a unit in a popular building in the right location is key when buying new. This applies to re sale as well. Good buildings and popular neighborhoods always sell. Features such as a large outdoor space, a great layout or an amazing view will help sell your condo, over another one. Research First of all, make sure to do your homework. There are many

The market is extremely hot right now. Both Condos and Houses are going into multiple offer scenarios. Almost all houses have a bidding war attached to them if they are in any sort of decent area. With condos we are finding that as long as it has some sort of unique feature or its at least is in a popular building or neighborhood then it has a good shot of going into multiples. The housing market is quite easy to explain. Its simple supply and demand. Right now there is roughly 10 to 15 buyers for every single house! The less there is of something the more likely that product is going to go up. Seeing 10% increase per year on your house is now the norm. THERE IS NO MORE LAND! What you see