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Appraisals in a Rapidly Shifting Greater Toronto Real Estate Market

Friday Jul 16th, 2021

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Appraisals in a Rapidly Shifting Greater Toronto Real Estate Market

Appraisals in a Rapidly Shifting Greater Toronto Real Estate Market   Think buyers will pay whatever you want to set your list price for? 💸 You may be surprised! 😲 Don’t forget the bank will send an appraiser to determine the fair value for your house and will not lend more to the buyer than what it’s worth. Which can result in a strong offer fizzling out quickly. Whether you’re buying or selling, the appraisal is a major hurdle in a rapidly... [read more]

Upward Sales and Average Price Projected in Greater Toronto Area by Toronto Real Estate Board

Friday Jul 9th, 2021

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June 2021 GTA Real Estate Market Report

Upward Sales and Average Price Projected in Greater Toronto Area by Toronto Real Estate Board  New Research Shows Potential Land Transfer Tax Hike Would Hurt All Buyers and Sellers TORONTO, ONTARIO,  June home sales were up compared to last year, but remained below the March 2021 peak and were lower than the number of transactions reported for May 2021, consistent with the regular seasonal trend. The average selling price in June increased by double digits compared to last... [read more]

How to Bridge the Appraisal Gap in Today’s Real Estate Market

Monday Jul 5th, 2021

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How to Bridge the Appraisal Gap in Today's Real Estate Market

How to Bridge the Appraisal Gap in Today’s Real Estate Market If you’re searching for drama, don’t limit yourself to Netflix. Instead, tune in to the real estate market, where the competition among buyers has never been fiercer. And with homes selling for record highs,1 the appraisal process—historically a standard part of a home purchase—is receiving more attention than ever.  That’s because some sellers are finding out the hard way that a... [read more]

Could Rising Home Prices Impact Your Net Worth?

Monday Jun 7th, 2021

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Could Rising Home Prices Impact Your Net Worth?

Could Rising Home Prices Impact Your Net Worth? Learn how to determine your current net worth and how an investment in real estate can help improve your bottom line. Among its many impacts, COVID-19 has had a pronounced effect on the housing market. Low home inventory and high buyer demand have driven home prices to an all-time high.1 This has given an unexpected financial boost to many homeowners during a challenging time. However, for some renters, rising home prices are making... [read more]

STRONG MAY 2021GREATER TORONTO AREA HOME SALES REMAIN BELOW MARCH PEAK

Thursday Jun 3rd, 2021

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STRONG MAY GTA HOME SALES REMAIN BELOW MARCH PEAK

STRONG MAY 2021GREATER TORONTO AREA HOME SALES REMAIN BELOW MARCH PEAK     TORONTO, ONTARIO, June 3, 2021 – Residential transactions reported through TRREB’s MLS® System remained high in May 2021, but fell short of the 2016 record and were below this year’s March peak. Despite a slight ebb in sales over the last two months, market conditions remained tight enough to push the average selling price to an all-time record in May. Greater Toronto Area... [read more]

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