Fall real estate outlook
Here we are with the month of September less than a week away, sending the kids back to school and enjoying the last long weekend before we snap back to reality. I hope that you had a fantastic summer relaxing with your loved ones.
On the real estate front, this past summer has been a busy one for the city of Toronto. Sale prices across the GTA have continued to defy gravity, while bidding wars and quick sales have been a common occurrence in some of the city’s most sought-after neighbourhoods. According to Toronto Real Estate Board President Dianne Usher, "July’s sales represented the best July results since 2009 and were the third best July results ever recorded. Despite recent increases in average borrowing costs, home buyers are still finding affordable home ownership options in the GTA.”
When it comes to a fall outlook, things seem to be shaping up nicely. We are heading into what is typically the busy season for the real estate market, so we can only expect for the numbers to follow suit. Great opportunities are still available for sellers who are hoping to secure multiple bids and phenomenal sale prices.
For buyers, there’s also good news. Interest rates are still sitting low, and there’s never been a better time to secure affordable financing options to purchase your first property or upgrade to your dream home.
Whatever your real estate goals for this fall, partnering with an experienced Realtor can be your first step to success. If you’re curious about a recent home sale in your neighbourhood, are interested in knowing your property’s value, or just want to discuss your homeownership options with someone who has great advice, I’d love to hear from you. I always welcome your call!
Enjoy the changing seasons!
RE/MAX West Realty Inc., Brokerage
Independently owned and operated
Office: (416) 588-6777
Direct: (416) 710-4383