toronto real estate market

Hello everyone welcome to my blog.  Let's get right to it. The first question I am always asked as a Realtor is "How is the market" ?

The answer: Terrific, Remarkable, Resilient, Relentless, are just some of the words one could use to describe a market that most predicted some time ago would fall into a slide similar to our neighbours to the south.  So much for the pundits and prognosticators and so called real estate experts. The Toronto real estate market continues to defy all odds with all reasonably priced listings, of every type of home, and in every neighbourhood finding a willing buyer in due course. 

But can it last ? Well this year I have noticed a change. Houses are taking longer to sell and multiple offers; while still out there are decreasing. Sellers who are greedy and pushing the envelope are not getting their inflated price. But a properly priced home in a good neighbourhood, on a good street can still demand last years lofty prices and in some cases even more.

This is a value based market. You do get what you pay for in this market. Buyers need to take time to see where they fit into the market and the best way to do this is to hire a dedicated Buyers Agent to educate them and to steer them to the house that best meets their needs and price range. This is a good market for both buyers and sellers but the key is to manage your expectations; work with an experienced Realtor and you will win in this market.

That is it for my first blog. Hope you found this informative and check back regularly for more on the Toronto real estate market.