Tyler Tim Realtor

Summer is finally here, which means it’s the busiest season in the real estate market. A report has been released by the Toronto Real Estate Board comparing the numbers from this month to the same time last year. New listings have increased from last year in the first two weeks of June of this year which is good because many are looking to purchase homes in this hot condo market. As a result, sales outpaced the supply of houses on the market which may be an indication that more houses need to be built or people need to start considering locations outside of the GTA. The average sales price in June of the past year for the first two weeks was $535,865 compared to $582,100 today. The prices will only rise from here because of the vast amount of demand for houses. This may cause bidding wars among buyers and skyrocket the price to an amount that the house may not be worth. This is a great sign for sellers to generate as much income as possible from their houses. Stay tun...

The housing market in the GTA has seen a great increase in an annual period. Last year at this time the average selling price was upwards of  $540,000. Looking ahead to present day, the current average selling price for May was now $585,000. Condo's seekers were on the rise as well, as those who were essentially pushed out of the housing market due to steep prices, didn't mind settling for a condo. Condo prices in the month of May for Toronto were upwards of $400,000. Overall the unit sales were up for both condos and homes as well; Houses Increased 13% Condos Increased 8.4% Active Listings Decreased 9% With the amount of active listings down, this reads competition for any new house and condo buyers. The increase in bidding wars between buyers and prices going well above inflation. Town-homes and semis still saw the most sales through their affordability for buyers.  In looking at the months ahead if your a buyer, now is the time to buy as the average sale pric...

Many housing developments are underway across the Greater Toronto Area and the demand for detached houses is growing. With not that many houses on the market, it has caused a bidding war amongst buyers which is a great sign for sellers. Although many are purchasing condos, housing seems to be the path of choice for families. There is a new housing project under construction in Brampton with detached and semi-detached houses up for grabs. Brampton is well on its way to being one of the largest cities in Canada with the population continuing to grow. Located near McLaughlin Road & Sandalwood, the available units start from 1200 Sq Ft to 3200 Sq Ft and can accommodate all preferences, whether you looking for a starter home or looking for a house to start a family and grow into. The homes are built with real brick and stone, with traditional design sense incorporated into the home, while still maintaining an open concept feel. The housing complex will neighbour five differen...