Strong Economy = RECORD Sales

Strong Economy = RECORD Sales.

If you're thinking of selling, NOW is the time!

            Toronto's record breaking real estate market shows absolutely no signs of slowing down any time soon! Sales for 2016 are already crushing the records of 2010. In the month of February alone sales were up by over 21% and the average price of a home has increased by almost 15%. Which means now is the absolute best time to sell your home and get top dollar for it.

            Recently the government has increased the minimum down payment for an insured home priced anywhere between $500,000 all the way to $1,000,000 and that came in to affect Feb. 15th2016. However, despite the government increasing the minimum down payment, the housing market has not been affected. So what that means is that if you have a home valued anywhere from $500,000 - $1,000,000 you should have no problem on getting a buyer for your home.

            Now you may ask yourself 'why is the housing market increasing so rapidly?' well one reason is that there is a limited supply of homes for sale in Toronto, especially detached homes. So now that there are fewer homes available on the market today, the prices increase and the bidding wars begin.

            The average price of a detached home in Toronto averaged around 1.2 Million dollars which has increased over 16% when compared to last year's prices. Now for the homes that fall under the 905 area code the average price for a detached home is 817 thousand dollars, which is up 17% from last year's numbers.

            With the market steadily increasing the best time to sell your home is NOW!