At the beginning of 2014 this Report predicted that in 2014 we would see modest increases in both sales volume and average sale prices. This forecast was based on the fact that Canada’s economic recovery, and in particular Ontario’s, was sporadic and would be modest in 2014. There was, at that time, a fear that mortgage interest rates would rise.
It’s not long before the frenzy of the spring housing market sets in, so if you are considering a home purchase in the coming months, now is the time to get focused and organized! Whether this is your first time, or twenty-first time on the house hunting circuit, here are a few tips to keep fresh in your mind.
WOW This has it all! Over 6500′ of finished space. Sensational, executive family home of oversized rooms with absolutely everything for today’s modern living! Wonderful Private Schools Branksome/York/UCC or Whitney/OLPH. Unbelievable extras – 10′ ceilings, hardwood on main and 2nd floor, halogens, huge master bedroom with walkout balcony, panelled library, fabulous ultra-spacious bedrooms, wine cellar and 3-car underground garage. Built in 1991. This is amazing in Moore Park!
Simply put, the calendar year of 2014 ended on a very strong note with regards to residential real estate activity within the Southern Georgian Bay marketplace. As provided by the Southern Georgian Bay Association of REALTORS® (SGBAR), statistically 2014 represented the second best year (2007 being the best) for home sales in the Western Region which is comprised of the Town of Collingwood, Clearview Township, The Blue Mountains, Grey Highlands, Municipality of Meaford and the Town of Wasaga Beach. These strong numbers alongside many other factors should translate into a positive start for the 2015 calendar year which we will explore further in this report.
The marching band of the holidays has paraded out of town. The frenetic pace of December has slowed to a more manageable trot and we’re all looking around thinking “what’s next”? January brings renewed resolve to work out and work up. Perhaps you’re looking around your home and thinking it looks a little sparse minus all the glad trimmings. Winter may be cold and long but it is by no means bleak. Now is the time to breathe new life into your surroundings. We love mixed metals – matchy match is so safe and well, boring. Think brushed nickel and shiny brass together in your kitchen or bathrooms. Copper is the It Girl right now and hits of cobalt blue may be on your mind while you’re swiping through sites researching your next beach getaway. Smoked glass is another super chic effect to add some mystery to doorways – think closet, shower and entry. Here are a few ideas to get you thinking about how you’re going to refurbish your nest for the cozy days and nights to come.
The Toronto residential resale market ended 2014 in strong fashion, recording 4,448 sales, an increase of 9.6 percent compared to the 4,058 sales recorded in December of last year. December’s sales bring the year-end total for residential resales to 92,867 properties sold, the second best year ever recorded for the greater Toronto area, and only 326 sales short of the 2007 record of 93,193. If there had been more inventory in December and throughout the year, the record would easily have been shattered. Demand remained strong, even in December, but the properties available for buyers to purchase were insufficient to satisfy it, particularly at price points below $ 1 Million. For example, in December only 128 semi-detached properties were reported sold in the City of Toronto. 12 of Toronto’s 36 trading districts recorded no sales, because there simply were no semi-detached properties on the market available to buy.