Understanding the Real Estate Market in Vaughan – August 2014

By Ilan Joseph, Broker, ABR®, e-PRO®, AMP® | © All rights reserved

The City of Vaughan, best known as the home of Canada’s Wonderland, is a far-cry from what it used to be. The city that surrounds Canada’s renowned theme park used to comprise mostly of farmland, with little valuable real estate to be found. However, in 2014 Vaughan is rapidly growing and offers plenty of potential for those looking to get into the real estate market. The Ilan Joseph Team, a group of award-winning real estate agents in Vaughan, have plenty of experience and a track record of success to help you take advantage of Vaughan’s future and solidify your place in the housing market before it’s too late, and prices climb too high.

morgageVaughan home sales have been steadily increasing in all categories including detached homes, semi-detached homes, condo townhouses and condo apartments. Furthermore, the population of Vaughan is growing at a rate of approximately 9% per year, a number that well exceeds the national average. Despite these promising statistics, many are still asking themselves the big question: rent or buy?

 

Renting and buying both offer their own benefits, and with an influx of homes on the horizon in Vaughan there is no doubt that there will be plenty of opportunities for either option. Ilan Joseph’s website offers a calculator designed to answer the “buy or sell” question that takes into consideration factors that increase the cost of your home and how they compare to renting costs. This tool is a great way to determine whether renting or buying a home is the most financially feasible option for you

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Those that do decide to take the leap into purchasing a home need to be aware of the risks involved. Real estate markets are constantly fluctuating and the success of your real estate ventures will largely depend on how well you know your real estate environment. Depending on the state of the real estate market, purchasing a home can either cost you money or net you a healthy profit. With the aforementioned influx of homes looming on the horizon in Vaughan, an increase in sellers is almost guaranteed, so knowing how to increase the value of your home and its selling power is essential. Ilan Joseph provides a free home evaluation tool to help you determine the value of your home, as well as expert advice from realtors that are familiar with the Vaughn real estate market.

Ultimately, Vaughan has become a hot-spot for newcomers to the Toronto area and the steady real estate market reflects this fact. In 2013, a home in Vaughan sold after just one day on the market for a price of $939,000; this is up from its price of $510,925 in 2006 and $165,000 in 2004. Taking advantage of the expertise and tools offered by Ilan Joseph and his real estate team is the perfect way to capitalize on the increasing value of Vaughan homes and its promising real estate market.

 

If you have any questions about the home buying process or would like some information about the TorontoVaughan or Thornhill real estate market, feel free to contact me.

start your journey sky blue

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CONTACT ILAN NOW FOR A MORE PERSONALISED SEARCH EXPERIENCE!

 

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IMG_0080 bwIlan Joseph is a Real Estate Broker with Sutton Group and is co-founder of a 10-person award-winning Toronto, Thornhill and Vaughan real estate team.

You can find him on LinkedIn, Twitter, YouTube and Google+.

For over 11 years, Ilan has provided more than 1550 buyers and sellers valued advice and service, enabling them to reach their real estate goals.

He’s kind of like the Bruce Willis of real estate.

 

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