Search Results for: condos
Why Is My House Not Selling?
Why Is My House Not Selling?
Why is my house not selling? It is hard to imagine a more stressful situation than your home won’t sell. Perhaps you have purchased another property that is closing soon, and you require the capital/equity from your current home to close on the next house. It’s quite a predicament to be in.
Another option is that you may be selling to offload what has been an investment for a period of time, but it is now the time to let it go and move on to other opportunities, maybe even to leave the city for greener pastures.
So, your question of Why Is My House Not Selling? It’s simple. There are a few reasons. As much as it may be stressful, frustrating and downright time-consuming, there is one overarching reason with factors contributing to it. Please take a deep breath and be open to what we’re about to disclose.
Annex Neighbourhood Real Estate Market Report – October 2023
Annex Neighbourhood Real Estate Market Report – October 2023
There were nine transactions in October. The Annex market continues to slow down, with the increase in listings and fewer buyers willing to accept the higher mortgage interest rates. However, there is an accumulation of new listings that are sitting on the market. We are seeing some excellent buying opportunities for those in the market for Annex century houses. Note that our overall annual markers will provide a better sense of value increase, which you can reach out to us here to discuss
Toronto Real Estate Market Report – October 2023
Toronto Condos & Houses Are Sitting
Despite what the below market stats will tell you, the housing market is softer than the numbers state. Good homes are sitting on the market. Good condos are sitting on the market, even with what should be effective price changes in place. Why is this? There are a few reasons: 1) The Fall is a quieter time, and later in the Fall is quieter than earlier; 2) The biggest reason is that the interest rate increases have thrown caution to the wind for many would-be buyers. Also, sellers are less eager to move up, causing a larger mortgage at higher rates. This leaves many buyers and sellers standing pat until we navigate this transitional marketplace.
Where we once had conversations about what the value ceiling of your home is, we are now doing our best to analyze what the value floor is. This is more complicated in a transitioning market as there are fewer sales to contrast and compare, and there is a less enthusiastic buyer sentiment to purchase.
We expect the further accumulation of listings on MLS through to January, at which point it will likely be a buyer’s market for all but the rarest and most turn-key of properties (i.e. the most in-demand no matter the market conditions.)
How long will the above last?
Annex Neighbourhood Real Estate Market Report – September 2023
Annex Neighbourhood Real Estate Market Report – September 2023
Toronto Real Estate Market Report – September 2023
Toronto Real Estate Market Report – September 2023
September will be marked in our minds as the Fall That Failed To Launch. Usually, the Fall market is busy, seeing several great homes come to market and a flurry of buyer activity. It historically comes in second place to the Spring market each year, but it’s typically a robust marketplace. This Fall is a different story. There were many fewer houses that came to MLS. A flood of investor-owned condos is hitting the market; we’re waiting to see where those land in terms of prices. Those sellers will have to soften their views of value and take what they can if they must sell.
Annex Neighbourhood Real Estate Market Report – August 2023
Annex Neighbourhood Real Estate Market Report – August 2023
There were 8 transactions in August. The Annex has been very slow over the last couple of months in terms of sales, however there is an accumulation of new listings that are sitting on the market.
