July 2022 Real Estate Report

By: Jesse Jenish

July 2022 Real Estate Report

Tags: TORONTO REAL ESTATE, MARKET UPDATES

JULY 2022 IN REVIEW There were 4,912 home sales reported through the Toronto Regional Real Estate Board (TRREB) MLS System in July 2022 – down by 47% compared to July 2021. Following the regular seasonal trend, sales were also down compared to June. New listings also declined on a year-over-year basis in July, albeit down by a more moderate four percent. The expectation is tha...Read More

Just Listed:
40 Westmoreland Ave #14

By: Jesse Jenish

Just Listed:
40 Westmoreland Ave #14

Tags: TORONTO REAL ESTATE, TOWNHOUSES, JUST LISTED, FOR SALE

  Incomparable Townhouse Within A Historic Neo Gothic Church Conversion     2 Bedrooms 3 Washrooms 1,600 + Sq/Ft Soaring Ceilings Stone Columns & Wood Beams Parking & Locker Included List Price: $2,099,000 Maintenance: $879/month Taxes: $6,407/year True masterpiece maintains a perfect balance between the original structure & contemporary design. Exposed b...Read More

JUNE DREAM HOME

By: Jesse Jenish

JUNE DREAM HOME

Tags: TORONTO REAL ESTATE, MARKET UPDATES, FEATURED NEIGHBOURHOOD

  Neighbourhood: Liberty Village Address: 85 East Liberty St 1015 List Price: $1,035,000 Sold Price: $1,049,000 Days on Market: 37 The place Located in Liberty Village's popular King West Condominiums. This spacious corner unit featured 1,151 square feet of sun filled living space. This unit features modern finishes with a functional floor plan and is the epito...Read More

June 2022 Real Etate Report

By: Jesse Jenish

June 2022 Real Etate Report

Tags: TORONTO REAL ESTATE, MARKET UPDATES

  JUNE 2022 IN REVIEW Higher borrowing costs continued to impact home sales in June 2022. Sales totalled 6,474 3 down by 41 percent compared to last year's strong result. The number of transactions was also down compared to May 2022, but this is often the case due to the seasonal nature of the market. Annual price growth was driven more so by less expensive market segments, incl...Read More

CHOOSING YOUR REALTOR:
5 Things You Need to Know?

By: Jesse Jenish

CHOOSING YOUR REALTOR:
5 Things You Need to Know?

Tags: TORONTO REAL ESTATE

If you’re in the process of looking for a realtor to work with, you’ll want to be sure and do your research. Not all realtors are the same, and as you’ll be entrusting your agent with what is probably the largest financial transaction of your life, you’ll want to choose wisely. So how do you know how to choose the right realtor for you? Everyone’s situation is a litt...Read More

SETTLING INTO YOUR NEW HOME

By: Jesse Jenish

SETTLING INTO YOUR NEW HOME

Tags: TORONTO REAL ESTATE

Buyers should take time to review and evaluate their finances after a home purchase. One important step to consider is setting up an automatic electronic payment with your mortgage lender which lets you avoid costly penalties associated with late payments. Make a plan for gradually rebuilding your savings account which many buyers deplete in order to make their down payment and pay for moving cos...Read More

COMPLETING THE TRANSACTION

By: Jesse Jenish

COMPLETING THE TRANSACTION

Tags: TORONTO REAL ESTATE

I will work closely with you and your lawyer to make sure everything is in place for a smooth and efficient closing. Typically, a day or two prior to the closing your lender will forward all loan documentation to either the title company or your lawyer and let you know the amount required to complete the purchase. You will be responsible for bringing the balance of your down payment and closing c...Read More

INSURANCE REQUIREMENTS

By: Jesse Jenish

INSURANCE REQUIREMENTS

Tags: TORONTO REAL ESTATE

The insurance requirements associated with home ownership can be complex as there is no one-stop insurance shop to fill every insurance need. Some insurance is placed by your lender or mortgage broker, some by an insurance broker, and some by your lawyer. This section provides a brief overview of the various types of home-related insurance. Please seek quotations from the relevant insurance exper...Read More

DEALING WITH LEGALITIES

By: Jesse Jenish

DEALING WITH LEGALITIES

Tags: TORONTO REAL ESTATE

The role of a lawyer The buying process involves a number of legalities and sound legal representation is not merely a suggestion, it is a requirement. Your lawyer will protect your rights and ensure you actually get what you’re paying for. What is important in a lawyer? Ideally, you will want to use a lawyer with substantial real estate experience, as lawyers who may be excellent in one fi...Read More

UNDERSTANDING PRE-EMPTIVE BIDS

By: Jesse Jenish

UNDERSTANDING PRE-EMPTIVE BIDS

Tags: TORONTO REAL ESTATE

Pre-Emptive bids otherwise known as Bully Offers What are they? When Sellers list a good property in a hot market they are often hoping that their property will generate a bidding war. Bidding wars have a track record of generating the highest prices for Sellers. That happens frequently in Toronto’s current real estate market. When that strategy is employed by the Seller and Listing Brokerag...Read More