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Greetings!
We hope you have had a fantastic summer and were able to enjoy the great weather!
It is difficult to believe that it is "back to school" already, but this signals the official start of the Fall real estate market. The market fundamentals this past summer were stronger than anticipated, which means this will be translate into a very active Fall for buyers and sellers. Multiple offers are becoming increasingly common again in the ‘416’, while the ’905’ has seen increase in sales volume and prices since the Spring time.
We are pleased with the Supreme Court’s recent decision to decline the Toronto Real Estate Board’s appeal on the restriction of home-sale data. Hopefully this will allow further innovation both online and with mobile apps to empower consumers with sales data to better educate themselves when purchasing a home. Please do read this month’s feature article from the Globe and Mail for further perspective.
If you are a buyer in today’s competitive market, it is becoming increasingly important to obtain a mortgage pre-approval before you start shopping. A pre-approval will give you peace of mind knowing exactly how much of a home you can afford while at the same time locking-in your mortgage rate for the next 90 days.
This month be sure to enter to win for tickets to TIFF tickets, review the monthly market statistics, and much more!
Alex, Elaine, and Otto
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| | "Residential sales reported through TREB's MLS® System for July 2018 amounted to 6,961 – up 18.6 per cent compared to July 2017. Over the same period, the average selling price was up by 4.8 per cent to $782,129, including a moderate increase for detached home types. New listings in July 2018 were down by 1.8 per cent year-over-year" |
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| | | | | | What Real Estate Brokerages are Planning to do With TREB Data |
| | "Thursday’s Supreme Court decision quashed the Toronto Real Estate Board’s (TREB) last appeal over a 2011 federal Competition Tribunal order on the restriction of home-sale data. The real estate board must now allow brokers to publish the information if they want."
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| | | Decluttering Solutions for the Most Common Hurdlest
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| | "Overcome your own barriers to organizational bliss with the following expert tips for real-life problems from Real Simple staffers." |
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ThinkTorontoHomes, Royal LePage Terrequity Platinum Realty
293 Eglinton Ave. East, Toronto, Ontario M4P 1L3 Canada www.thinktorontohomes.com | info@thinktorontohomes.com |
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