Archive for January, 2013

Are There Deals To Be Had In January?

By on January 31, 2013 in Condos/Lofts, Events, Houses with 0 Comments

Are There Deals To Be Had In January? Photo

Earlier this month a I wrote a blog post answering the question, “Is January too early to start looking for a home?” (read it here). Among other things, I mentioned how a buyer might benefit by purchasing a property that’s been sitting on the market all through December.

Guess what? Less than a week after that post a client of mine proved my point and snagged a great condo at a steal.

We were still only a few weeks into the new year, but my client was motivated, pre-approved and ready to start looking. His preparation and willingness to jump into the market while most other buyers were still sitting on the sidelines resulted in him scoring a pretty good deal.

Continue Reading »

Is January Too Early To Starting Looking For A Home?

By on January 16, 2013 in Condos/Lofts, Events, Houses with 0 Comments

Is January Too Early To Starting Looking For A Home? Photo

I’ll let you in on a secret… the spring real estate market actually starts in January.

Well, not officially. And certainly not in full swing (that doesn’t happen until March/April).

The early beginnings of the spring market do start in January though.

I was out with a new client yesterday and he asked a question that I often get this time of year, “Is it too early to start looking for a place?  It’s only January… Am I better to wait until the spring?”

My answer was simple: “Not if the right property comes along”.

Continue Reading »

Toronto Real Estate Market Report: December 2012 Statistics

Toronto Real Estate Market Report: December 2012 Statistics Photo

Following is TREB’s market report for December 2012:  Greater Toronto Area REALTORS® reported 3,690 sales through the TorontoMLS system in December 2012 – down from 4,585 sales in December 2011. Total sales for 2012 amounted to 85,731 – down from 89,096 transactions in 2011.

“The number of transactions in 2012 was quite strong from a historic perspective. We saw strong year-over-year growth in sales in the first half of the year, but this growth was more than offset by sales declines in the second half. Stricter mortgage lending guidelines resulted in some households postponing their purchase of a home. In the City of Toronto, the dip in sales was compounded by the additional Land Transfer Tax, which buyers must pay upfront,” said Toronto Real Estate Board (TREB) President Ann Hannah.

Continue Reading »

Top