GTA Real Estate Market Watch 11/22

By: The Jean-Jacques Real Estate Team

GTA Real Estate Market Watch 11/22

Tags: Real estate in the GTA, Buying a home, First time buyer, Inflation

NOVEMBER 2022 – Despite the continued housing market transition to a higher borrowing cost environment, the average selling price in the Greater Toronto Area (GTA) found some support near $1.1 million since the late summer. GTA home sales continued to adjust to substantially higher interest rates in October 2022, both on an annual and monthly basis. However, new listings are also down year-o...Read More

Plans to Make before Closing Day

By: The Jean-Jacques Real Estate Team

Plans to Make before Closing Day

Tags: Preparing for Sale, To-do before closing, Tips for seller

When you sell your property and buy your next dream home, closing day can come faster than you might imagine. Before you know it, it’s just weeks away! So it’s important to make the proper plans to ensure everything goes smoothly. Here are the most common plans you’ll need to make:   Contact the post office to get your mail forwarded. No matter how...Read More

Should You Buy a Home that Needs Work?

By: The Jean-Jacques Real Estate Team

Should You Buy a Home that Needs Work?

Tags: Buying a Fixer-Upper, Home Renovations, Tips for Buyers

Imagine you find a home on the market that checks all the boxes. There’s only one issue. It needs work. Perhaps the paint has faded, or the kitchen is old, or there are repairs needed. Should you make an offer on that home? That depends on many factors, of course. The first thing you should consider is whether or not the home is otherwise ideal. If it has everything you want — locati...Read More

Terminology Tip: “Assignment Sale”

By: The Jean-Jacques Real Estate Team

Terminology Tip: “Assignment Sale”

Tags: ASSIGNMENT, TRANSFER, ASSIGNEE, ASSIGNOR

An Assignment Sale usually refers to the transfer of the rights and obligations of a real estate sales contract between a Buyer and a Seller to a third party, without the original buyer having to take possession and ownership of the property. This type of transaction is common with pre-construction properties that are sometimes purchased two to three years before the property is actually built an...Read More

GTA Real Estate Market Watch 10/22

By: The Jean-Jacques Real Estate Team

GTA Real Estate Market Watch 10/22

Tags: Real estate in the GTA, Buying a home, First time buyer, Inflation

OCTOBER 2022 – The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs in September 2022. Sales for the month reached 5,038 but were down by 44.1 percent compared to September 2021. New listings were also down on a year-over-year basis by 16.7 percent to 11,237. This was the lowest number of new listings reported for the month of September since 2002....Read More

Kitchen Improvements for under $100

By: The Jean-Jacques Real Estate Team

Kitchen Improvements for under $100

Tags: Preparing for Sale, Kitchen Improvements, Tips for sellers

Is it really possible to improve your kitchen’s look for about the cost of a takeout gourmet dinner with the family? Obviously, you’re not going to be able to do anything major, such as replace the cabinets within that budget. But, there are many surprisingly low-budget ways to spruce up the kitchen. Here are a few ideas: Do you have old cabinets? You’d be surprised by how much...Read More

“Non-Market” Reasons Why it Might Be the Ideal Time to Sell

By: The Jean-Jacques Real Estate Team

“Non-Market” Reasons Why it Might Be the Ideal Time to Sell

Tags: Preparing Your Home for Sale, Best time to Sell, Tips for Home Owners

When considering whether or not to sell their home, many people think about market conditions. They consider whether it’s a buyer’s or seller’s market. They look at trends. They try to time the sale to get the best price for their property. While market conditions certainly can play a role in deciding whether you should sell now rather than later, many other factors can influenc...Read More

Terminology Tip: Market Value vs Selling Price

By: The Jean-Jacques Real Estate Team

Terminology Tip: Market Value vs Selling Price

Tags: MARKET VALUE, SELLING PRICE, OPEN MARKET, BALANCED MARKET

Market Value is commonly defined as "the highest price in terms of money, that the property will bring to a willing seller if exposed for sale on the open market; allowing a reasonable time to find a willing buyer, buying with the knowledge of all the uses to which it is adapted and for which it can be legally used, and with neither buyer nor seller acting under necessity, compulsion nor pecu...Read More

GTA Real Estate Market Watch 09/22

By: The Jean-Jacques Real Estate Team

GTA Real Estate Market Watch 09/22

Tags: Real estate in the GTA, Buying a home, First time buyer, Inflation

SEPTEMBER 2022 – There were 5,627 home sales reported through the Toronto Regional Real Estate Board's (TRREB) MLS® System in August 2022, representing a year-over-year dip of 34.2 percent 3 a lesser annual rate of decline compared to the previous four months. The August sales result also represented a month-over-month increase compared to July. Sales represented a higher share of n...Read More

5 Ways to Add Fun to the Selling Process

By: The Jean-Jacques Real Estate Team

5 Ways to Add Fun to the Selling Process

Tags: Preparing for Sale, Stress-free Sale, Tips for sellers

When you think about selling your property, do you dwell on the possible work and stress involved? You’re not alone. Many homeowners share the same concerns. But it doesn’t have to be that way. In fact, there are plenty of ways to add some fun, anticipation, and even a sense of adventure to the selling process. Here are just a few ideas: Plan fun things to do when your home is bein...Read More