I’ve noticed a trend with homebuyers this year. Homebuyers are less willing to view properties that they don’t think they would be interested in buying. Browsing is over. Listings get few showings but on offer night, offers come in and come in high, often without conditions. With open houses being discouraged and with Covid-19 protocols being in place for viewings, there is only one other thing KW Realtors could do a lot better to help keep the home buying public safe — We could price homes a little closer to market price. What is the point of listing a home 20% below market price and bringing 30 homebuyers and their agents out to view it? It’s irresponsible. And off trend. And unnecessary.Read More
National home sales and listings continued to climb in housing markets across the country this August, as some of the pressure from pent-up demand was released this summer when pandemic restrictions eased. Buyers returning to the market did so with refocused housing priorities; a growing number began looking to suburban and rural markets in search of greater square footage relative to what’s available in denser urban centres.Read More
A prolonged lumber shortage this year is expected to add anywhere from $5,000 to $10,000 to the price of a single-family home, StatsCan said.Read More
A flood of Toronto residents leaving their downtown condos in search of more space and greater affordability is causing a domino effect across Southern Ontario real estate that is being felt as far away as Fort Erie.Read More
In this episode of ‘How’s the market?’ we look back at the last ten weeks of hyperactivity, an increasing List Price to Sales Price ratio and spend a bit of time looking at average winning Bully Offers.Read More
At the start of the pandemic, economists expected the recovery of the housing market to take about 18 months, but remarkably, within three months, it went from a complete shutdown to normal volumes again.Read More
686 residential homes were sold in August, the most ever recorded for the month.
August’s home sales represent an increase of 48% compared to the same month last year.
The previous ten-year average number of residential sales for August is 470.
There are six notable regions across Ontario currently offering friendlier average home prices than what you’ll see in and around Toronto.Read More