2020 is already comin’ in hot with the Toronto Real Estate Board predicting a double-digit ⛰climb in sales and prices this year! This would boost the average cost of a resale home to nearly 10% compared to 2019. We get asked a lot:
“What’s causing this?”
There are many factors, but the major one is the lack of homes for sale in the Greater Toronto Area. Right now there aren’t enough home options for all the Buyers that are approved and actively searching. So as a result, low inventory + lots of Buyers = a demand for existing listings, therefore driving up prices. Another question we hear often:
“How can I benefit from the market right now?”
If you are considering a move this year, you may want to bump up your ⏱️timeline, or at least talk to one of our Team Partners about your options soon. Based on what we are seeing in the market so far this year, it’s key to have full knowledge and representation to ensure you are protected and can make informed decisions about buying, selling or investing.
Let’s start the conversation! 🗣️Just hit reply and we will have one of our Team Partners connect with you.
In the meantime, our very own Corrie Harding-Keizs has some perspective on the market for you. Watch now.
Nestled in the community of Mineola, offering a unique lifestyle that can rarely be found. The small-town feel adds to the charm as well as the idyllic scenic nature views, parks, and the water. Making 1228 Canterbury Road exactly what dreams are made of!
They say great things come in small packages and this spectacular suite is no exception. Inside Unit 1701 is an exceptionally functional layout with one spacious bedroom, a full bathroom and completely separate media space; perfect for home office productivity and organization.
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