The Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 4,009 home sales through TREB's MLS® System in January 2019 - up by 0.6 per cent compared to January 2018. On a preliminary seasonally adjusted basis, sales were up by 3.4 per cent compared to December 2018.
It is encouraging to see the slight increase in January transactions on a year-over-year basis, even with the inclement weather experienced in the GTA region during the last week of the month. The fact that the number of transactions edged upwards is in line with TREB's forecast for higher sales in calendar year 2019.
The MLS® HPI Composite Benchmark price was up by 2.7 per cent compared to January 2018. The condominium apartment market segment continued to lead the way in terms of price growth. The average selling price was up by 1.7 per cent on a year-over-year basis. After preliminary seasonal adjustment, the average selling price edged lower compared to December 2018.
Market conditions in January, as represented by the relationship between sales and listings, continued to support moderate year-over-year price increases, regardless of the price measure considered. Given housing affordability concerns in the GTA, especially as it relates to mortgage qualification standards, we have seen tighter market conditions and stronger price growth associated with higher density low-rise home types and condominium apartments, which have lower average selling prices compared to single detached homes.
Customer Satisfaction Response: "Elvis came highly recommended through a friend who deals with 20+ real estate agents in his business. He told us "Elvis is the best" and he was right on the mark. His attention to detail, focus on selling our home and buying our new one and consummate professionalism made us feel like his only clients. Elvis was constantly reachable through phone or email and answered any questions we has a first-time home sellers.
When we were looking at the wrong house on the right street, Elvis was there to help us see that we wouldn't get any value in the purchase. In fact, he said he wouldn't feel right if we bought the house at the list price because it was overvalued. He promised us something better would come up and it did. Now we own a beautiful house in our desired neighbourhood thanks to Elvis and his team. Not only would we recommend his services to family and friends, we would tell them they're crazy to use anyone else!" - T. and Z. Baricevic
One thing is for sure; we all know that we need a roof over our head.In most peoples case they end up having to pay either Rent for this roof or a Mortgage payment, unless of course you have a rich family that can offer you FREE or Reduced Rent. The point is, we ALL have to pay for a roof over our heads. Real Estate has always been considered a Long-Term Investment. The real question you need to ask yourself; do I really want to pay RENT for the rest of my life?
This Grant offers financial assistance to low-income households who own and occupy substandard housing to enable them to repair their dwellings to a minimum level of health and safety. It is called the Residential Rehabilitation Assistance Program (RRAP). Who is eligible?
If you are buying a home, then, before you decide on whether this home is your dream home, the following checklist will help you look at prospective homes with a critical eye. We suggest printing this page and putting it on a clipboard. When you find a home that really interests you, mark the features you see and note their general condition on this list.
There are many television shows today that focus on home staging. If you have not watched any, do yourself a favor and tune in. They all say the same thing: do not even consider putting your house on the market until you have taken a close look at its condition.