Greetings Torontonians and local Real Estate addicts. The Toronto Real Estate board has just come out with the stats for the month of September 2013 and well, it’s making us all sound like a broken record. Guess what the stats say? Prices are up and inventory is low. Yup, for the umpteenth month in a row, it’s the same old story. People want to buy houses and there aren’t enough quality listings to satisfy demand. One surprise is that people are coughing up the big bucks for detached homes again. Detached homes has shown more balanced signs last year while the more affordable semi detached homes were showing double digit increases month over month. Tables have turned and detached homes are leading the pack once again.
The report also says that condos are down on 3.7% on average in the 416 when compared to last September. This may be true for the cookie cutter condo but for the most part condo inventory is lower than it has been and prices are quite stable. Don’t panic…well, feel free to panic but only after you’ve heard the real facts after speaking to us about your unique situation.
We’d love to bore you all with each and every statistic here but we’ve got better things to do than regurgitate information . If you’d like to know about your house, condo, loft, or commercial space in the 416, contact us and we’ll getter done.
Go ahead, take the rest of the day off. You deserve it!
Oh, and just to be clear. If you thinking of selling your home, we’d love the opportunity to bid for the job. Perhaps your home will be featured in our next lifestyle video. Check out our unique marketing videos below.