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By any standards other than a comparison to April 2012, the Toronto residential resale market performed brilliantly this month. April 2012 was one of a string of months in the early part of last year that were on track to achieve record-breaking statistics. April 2013 will unfortunately be compared to last year, particularly by journalists, who only see the decline year-over-year, and not the absolute numbers achieved.
Spring is a busy time of year for home buyers and sellers alike! Here’s a handy list of all the open houses we have on the go this weekend. Happy hunting!
The Muskoka real estate market started the first third of the year in a slower gear than it did during the same period in 2012. This was true for the entire recreational marketplace, including Haliburton Highlands (where Chestnut Park now has a presence), Lake of Bays and the Muskoka Lakes. At this stage the explanation for this slower market pace is two fold. Early data indicates that substantially fewer properties have been listed for sale by sellers. Less inventory means fewer sales.
The Georgian Triangle property market continues to fire on all cylinders racking up yet another impressive performance for the month of April and standing out as one of the beacons of strength and stability in the Ontario real estate market. Indeed April’s sales figures released by the Georgian Triangle Association of REALTORS® (“GTAR”) logged a whopping 213 properties sold, higher than any number recorded for the month of April according to GTAR’s archives over the last decade. To surpass the level of sales set last year in strong and stable market conditions is truly a notable accomplishment. Affordability, quality of life, diversity of property choices and options, and comparative value all seem to be factors contributing to the ongoing strength and legs of the Georgian Triangle real estate market.
Running east of the Don Valley Parkway from Danforth to the lake, Riverdale is a real estate pocket that has been steadily gaining popularity and establishing itself as a hot neighbourhood for young families and professionals alike. Unique to the area, 236 Browning Avenue was once a duplex that has been converted to a charming single family property.
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