September 2022 Toronto Real Estate Update

Friday Sep 2nd, 2022

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  There were 5,627 home sales reported through the Toronto Regional Real Estate Board’s MLS® System in August 2022, representing a year over-year dip of 34.2 per cent – a lesser annual rate of decline compared to the previous four months. The August sales result also represented a month-over-month increase compared to July. Sales represented a higher share of new listings compared to the previous three months. If this trend continues, it could indicate some... [read more]

Selling Later in the Year? Start the Process Now

Tuesday Feb 1st, 2022

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Selling Later in the Year? Start the Process Now Imagine you want to take the “trip of a lifetime” this fall. Would you leave it until the summer to start planning, booking dates, and generally getting ready? Probably not. A trip like that is a big deal. You’d want to start making arrangements now, so by the time you’re ready to go to the airport, everything will be set for you and your family to have a great time. The same is true when selling your home. If you... [read more]

Toronto Rental Market Report

Friday Jan 7th, 2022

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TORONTO, ONTARIO, October 29, 2021 – Accelerating economic recovery from the pandemic has spurred renewed demand for rental accommodation in 2021. In the third quarter, there was a double-digit increase in the number of condominium apartment rental transactions reported through the Toronto Regional Real Estate Board’s (TRREB) MLS® System. Over the same period, tightening market conditions resulted in an increase in average rents across all unit types. Greater Toronto Area (GTA)... [read more]

RECORD GTA HOME SALES AND AVERAGE PRICE IN 2021

Friday Jan 7th, 2022

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A record 121,712 sales were reported through TRREB’s MLS System in 2021 – up 7.7 per cent from the previous 2016 high of 113,040 and up 28 per cent compared to 2020. Record demand last year was up against a constrained supply of listings, with new listings up by 6.2 per cent – a lesser annual rate than sales. The result was extremely tight market conditions and an all-time high average selling price of $1,095,475 – an increase of 17.8 per cent compared to the... [read more]

Showcase your Home With the Right Lighting

Monday Dec 13th, 2021

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The top retail store chains invest heavily in creating just the right lighting to make their products look great. Why? They know that lighting makes a measureable difference to sales. The same is true when you sell your home. Lighting can make a big difference in the impression your home has on buyers. There are two types of light sources, manufactured and natural. You need to consider both when staging your home for sale. Think about the mood you want to create in each room. For... [read more]

How to rent in Toronto

Sunday Dec 12th, 2021

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How and Where to Look for Toronto Rentals There are two main ways to look for a rental in Toronto: on your own, or with the help of a real estate agent. There are tons of online resources to help potential tenants find a rental. Craigslist and Kijiji, while popular for finding an apartment, can be scam central. Make sure never to give a deposit before physically seeing the apartment and confirming that the person you’re talking to does, in fact, own it. And if it seems too good to... [read more]

GTA HOME SALES HIT NEW NOVEMBER RECORD WHILE LISTINGS DROP

Friday Dec 3rd, 2021

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Home sales reached a new record for the month of November, and the average selling price also reached a new all-time high. New listings were down substantially compared to last year for all market segments – further highlighting the inherent supply issue across all home types in the Greater Toronto Area. Toronto Realtors reported 9,017 home sales through TRREB’s MLS® System in November 2021 – 3.3 per cent above the November 2020 result, setting a new record. In... [read more]

Selling a Commercial Property in Ontario

Friday Dec 3rd, 2021

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  Selling Your Commercial Real Estate Selling a commercial property is a complex and time consuming sales process. Their are many variables involved throughout the sale process. From the initial meeting with the client to discuss the clients goals to the visit to the property followed by the preparation of the marketing package and financial statements. It is important that sellers of commercial properties work with an experienced commercial broker in order to... [read more]

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iListRealEstate Inc. Toronto Real Estate Brokerage, 416-901-8777, info@ilistrealestate.ca

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