August G.T.A. Home Sales, Average Prices Climb Higher!

Across the Greater Toronto Area, August home sales and average price growth continued strong. Home sales surged 8.5% and the average selling price, for all home types, rose 4.7% to $765,270 compared to August 2017.

August G.T.A. Detached Home Sales Up Double Digit Year Over Year

The most significant sales gains were in the detached and townhome market segments. “Detached home sales were up by double digits on a year-over-year percentage basis – substantially more than many other less expensive home types,” TREB reveals in their latest market release. Detached home sales soared 17.7%; townhome sales rose 5.6%; condominium sales were up 0.7% and semi-detached sales were down marginally, -1.0% year over year. 

“It is encouraging to see a continued resurgence in the demand for ownership housing. Many home buyers who had initially moved to the sidelines due to the Ontario Fair Housing Plan and new mortgage lending guidelines have renewed their search for a home and are getting deals done much more so than last year. In a region where the economy remains strong and the population continues to grow, ownership housing remains a solid long-term investment,” said Gary Bhaura, President of the Toronto Real Estate Board.

G.T.A. Market Continued To Tighten

The Greater Toronto Area market showed continued signs of tightening. “Market conditions in the summer of 2018, including this past August, were tighter than what was experienced in the summer of 2017. In August, the annual rate of sales growth outpaced the annual rate of new listings growth.

We only have slightly more than two-and-a-half months of inventory in the TREB market area as a whole and less than two months of inventory in the City of Toronto. This means that despite the fact the sales remain off the record highs from 2016 and 2017, many G.T.A. neighbourhoods continue to suffer from a lack of inventory. This could present a problem if demand continues to accelerate over the next year, which is expected,” said Jason Mercer, TREB’s Director of Market Analysis.

August G.T.A. Home Price Growth

Condominiums continued to lead the market in terms of price growth across the G.T.A., up 6.4% to an average selling price of $541,106. Semi-detached homes rose 3.6% to an average selling price of $741,873. Townhomes gained 3.2% to an average selling price of $624,472 and detached homes were up 1.2% to an average selling price of $977,187.

The 905 Regions

In the 905 regions, home sales growth was driven by the detached market, up 19.2% versus August 2017. The condominium segment followed closely behind, up 18.6%%. Townhomes sales rose 8.5% while semi-detached home sales were down -4.2%.

Home price appreciation in the 905 regions followed a similar trend to the broader G.T.A. market. Condominiums rose 5.9% to an average selling price of $440,748. Semi-detached homes rose 5.1% to an average selling price of $667,979. Townhomes were up 4.6% to an average selling price of $610,088. Detached homes ended August 0.3% higher at an average selling price of $907,780.

Looking Ahead For Fall 2018

Canada’s housing market is expected to blossom. From Q2 2018 to the end of 2018, Royal LePage predicts national prices will rise 4.5 %. “And we expect the fourth quarter, which is traditionally quite a quiet time of the year, to be more robust than normal, as some of that pent up demand caused by the implementation of the mortgage stress test starts to kick in. People have adjusted to the changes,” says Phil Soper, president and CEO of Royal LePage.

If buying or selling a home is in your plans this Fall, reach out by text or email at david@dodicteam.com or give us a call any time at 416-606-2158. We’ll walk you step by step through a strategy that meets your unique needs and close the deal that is right for you. Give us a call today!

More Than 1.4 Million Boomers Across Canada Expect To Buy A Home In The Next Five Years

According to the just-released Royal LePage cross-Canada survey on baby boomer property trends, 17% of boomers (currently age 54 to 72) plan to buy a new home in the next five years. This group represents over 1.4 million potential buyers and sellers, and is bound to have a big impact on Canada’s housing market. Learn more about how baby boomers are expected to impact real estate in Canada over the next five years.

  

New To Market!  48 Vista Green Crescent, Brampton, ON, L7A 2S3  $729,800  A Stunning Mattamy Built Home On A Gorgeous Ravine Lot In Brampton’s Highly Sought-After Neighbourhood  Of Fletcher’s Meadow!     Featuring Hardwood Floors Throughout, 4 Washrooms, Elegant Living/Dining Area, Main Floor Family Room, A Beautiful, Renovated Kitchen (2014) With Quartz Countertops, Marble Backsplash And Stainless Steel Appliances, Walkout To A Backyard Paradise, Amazing Views From Your Cedar Deck Of Ponds, Willows And Greenery, Spacious Master With A 4-Piece Ensuite And Walk-In Closet. Finished Basement With A Huge Recreation Room And 4th Bedroom With 3-Piece Ensuite. Covered Front Porch. Steps Away From The Park And Community Centre. Close To All Amenities And Public Transit. For Full Property Details and To Watch The Virtual Tour of this Amazing Home, Click Here   Call David Dodic direct at 416-606-2158 for details!

Just Listed!  4111 Arbour Green Drive, Unit 28, Mississauga, ON $579,900  Location, Location!  A Fantastic Condominium Townhome In Erin Mills’ Fabulous Arbour Green Complex! Thinking of Downsizing to a Simpler Lifestyle? Look No Further! Nestled In A Small Private Enclave In A Prime Erin Mills Location, This 3 Bed, 3 Bath, 2-Storey Condominium Townhome Is The Perfect Place To Call Home. Features A Spacious, Open Concept Main Floor Layout Boasting An Oversized Bright Living Area With A Fireplace And A Sliding Door With A Walk-Out To A Private Yard, A Kitchen With New Countertops & Faucet And A Large Window Overlooking The Yard. The Upper Level Features A Huge Master Bedroom With Wall to Wall Closets And 4 Piece Ensuite, Generous Bedrooms, 3 Bedrooms With Vaulted Ceilings. The Large, Finished Lower Level Features A Recreation Room And Lots Of Storage Space!  Steps To Parks And Walking and Biking Trails. Credit River Conservation Area, University of Toronto Mississauga Campus, Erin Mills Town Centre, Credit Valley Hospital, Public Transit, GO Transit And Highways 403 and QEW All Just Minutes Away.   For Full Property Details and To Watch The HD Video Tour, Click  Here  Call David Dodic direct at 416-606-2158 for details!

Coming Soon!  A Fantastic 4 Bed, 4 Bath Detached Home In A Fabulous Location In Erin Mills’ Highly Sought- After Neighbourhood Of Pheasant Run!   Features Include A Spacious Master Bedroom With A 4-Piece Ensuite And A Large Family-Size Kitchen With Separate Breakfast Area. Subsidize Your Mortgage With Income From The Basement Apartment Unit! A Tranquil, Secluded, Family-Friendly Community, Known For Its Parks, Trails And Green Spaces, Beautiful Mature Tree-Lined Streets, Great Schools, Recreational Facilities, Fitness Clubs, Community Centres, Libraries And More. Minutes To Go Transit And Hwy. 403. Be The First To Check It Out Before It Hits The M.L.S!  Call Us Today At 416-606-2158!

Sold Over Asking In Multiple Offers! 2479 Grindstone Court, Mississauga, ON, L5L 3K8  A Sawmill Valley Gem!  An Immaculate, Renovated 2-Storey Home In Pristine Move In Condition!  Nestled In The Perfect Family Neighbourhood, Known For Its Top Ranked Schools, Beautiful Tree-Lined Sreets, Parks, Walking And Biking Trails, Fantastic Amenities And GO Transit, Public Transit And Highways 403, 401 and 407 All Just Minutes Away, This Immaculate, Renovated, And Beautifully Presented Family Home Was In High Demand And Sparked Buyer Emotion And Excitement From The Moment It Listed!  This Home Generated 7 Competing Offers And Sold For 104% Of The Asking Price!  Congratulations To Our Clients On The Sale Of  Their Home. Wishing You All The Best And Many Years Of Happiness As You Move On To Your Next Chapter!    For Full Property Details and To Watch The Virtual Tour , Click  Here

Sold In 4 Days! 4096 Treetop Crescent, Mississauga, ON, L5L 2L8  Muskoka In The City!  A Fabulous 3 Bed, 3 Bath Home On A Spectacular Private Treed Ravine Lot!  Located On A Private Treed Ravine Lot In Prime Erin Mills, With Parks, Schools, Walking And Biking Trails, All The Amenities You Could Ever Dream Of, Public Transit, GO Transit And Highways 403 and QEW All Just Minutes Away, This 3 Bed, 3 Bath Family Home Is The Perfect Place To Call Home. Buyer Reaction To This Property Was Instantaneous And It Sold In 4 Days From Hitting The Market!   We’re Absolutely Thrilled For Our Clients On Sale Of  Their Amazing Home! Congratulations! Wishing You Many Years Of Happiness In Your New Home!             For Full Property Details and To Watch The Amazing Drone HD Video Tour, Click Here

Listed And Sold By The Dodic Team! 4222 Treetop Crescent, Mississauga, ON, L5L 2L9   A Picture Perfect 4 Bed, 3 Bath Detached Home On A Gorgeous Crescent In A Sought-After Erin Mills Location!   Steps To A Park And Schools. Minutes To Walking And Biking Trails, Amenities, Public Transit, GO Transit And Highways, This Beautiful And Spacious 4 Level Backsplit Home Was Just What Our Buyer Was Looking For! Happy Seller! Ecstatic Buyer! Congratulations To All!        CLICK HERE  For Pictures, Property Details and To Watch The Virtual Tour.

Showcase, Market, Sell Choosing the right agent to sell your home is an important decision. The right agent should not only be experienced but have a marketing plan to get the results you’re looking for. A plan that will get you top dollar, quickly!   Our Showcase, Market, Sell is an effective, structured, step-by-step marketing plan that we’ve developed over the past 25 years. See how it makes a difference. Simply click on the image below….                                                             Put The Dodic Team Advantage To Work For You!

Your Dream Home Is Out There. Let Our Experienced Team Help You Find It!

Buying a home is one of the most important financial decisions you’ll make in your lifetime. It’s a complicated transaction that requires professional knowledge and guidance that only an experienced real estate team can provide.

With our decades of expertise in the Mississauga and West G.T.A. markets, our hands-on approach, honest advice and customized buying experience, our team provides a real estate service unlike any other. We’ll guide you through the entire home buying process and act as your advisor, consultant and negotiator every step of the way.

Here’s what you can expect….

 

          

Should I Buy Or Sell First?   By Joseph Richter, Registrar of the Real Estate Council of Ontario (RECO). reco.on.ca. Ask Joe Questions, June 30, 2018.  The ideal situation for most consumers in your situation is to buy and sell simultaneously, so the closing dates align and you have only one moving day. Unfortunately, that isn’t always possible. I strongly advise you to think carefully about your needs, financial status and tolerance for risk.

Should I Be On Hand During My Home Inspection? By Joseph Richter, Registrar of the Real Estate Council of Ontario (RECO). reco.on.ca. Ask Joe Questions, August 5, 2017.  A home inspection report is a valuable document that can help you understand what you’re buying. But there’s still a lot to be gained by attending the inspection in person.

5 Ways to Maximize ROI on A Kitchen Renovation

By Scott McGillivray, July 26, 2017  http://scottmcgillivray.com, July 26, 2017,  Photos courtesy Thomasville Cabinetry

The kitchen is the #1 room in the home when it comes to remodelling ROI. Making money on a kitchen renovation isn’t a given. To maximize ROI  and increase the value of your home, you need to be  smart about your choices you make.

5 Ways to Increase The Value of Your Home With Paint By Scott McGillivray, scottmcgillivray.com, January 21st, 2016. Photos courtesy of Income Property & Buyers Bootcamp Paint is one of the most important tools available to homeowners and designers. With just a few brush strokes you can transform a space and not just make it look better, but actually increase the value of your home. With that in mind, here are 5 things you can do with paint that will increase the value of your home.

Buying or selling a home is a major life milestone. Your home is where you establish safety, security and stability for your family. It’s your shelter and your sanctuary. It’s where you raise your kids; build lifelong memories with friends and family, and so much more!  It’s also one of the most important financial decisions you’ll make in your lifetime. For buyers, it’s one of your most significant long-term financial investments. For sellers, your home represents one of your largest financial assets. Partnering with a professional, knowledgeable and experienced real estate team that can successfully navigate you through this life-altering transition, while maximizing your return on investment, makes all the difference.

Our approach to our real estate business is simple. We keep our clients’ best interest at the core of everything we do. We make that happen through listening more than talking; communicating openly, honestly and transparently at all times; leveraging our team’s multi-faceted skills, experience and expertise to guide you to smart decisions that maximize your return on investment and negotiating hard on your behalf for the best possible outcome for you and your family. When selling a home, we’ll work to get you the highest possible price in the least amount of time. When buying a home, we’ll guide you to a great investment, not just for today, but for many years to come.

 From start to finish, we always make sure we go above and beyond for our clients. Here’s what they have to say about working with us ….   

From real estate market news to the latest market statistics to tips on buying and selling real estate to home décor trends, we’ll keep you up-to-date. Like us on Facebook and join us today! We look forward to seeing you there!   While you’re at it, take a few minutes to view my profile and check out our latest market activity on LinkedIn, watch our videos on YouTube or see what we’re up to on Google+!       Stay Connected!