By Ilan Joseph, Broker, ABR®, e-PRO®, AMP® | TopTorontoAgent.ca
August 2013 | © All rights reserved
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August 2013
New in Toronto & Vaughan
Did you know?
• The average size of a Toronto condos has shrank to 785 square feet
• A record 5,315 condo leases were signed last quarter, pushing the average rent up to $1,847
• The GTA saw a 16% jump in the number of sales in July 2013 over July 2012 and an 8% increase in average selling price.
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The 2013 Condo Buying Guide: 10 Tips for Perspective Buyers
We know, you’re confused. The market’s softening. The deluge of new condos has some experts predicting a nasty correction; others argue that a steady stream of new Torontonians will keep the vacancy rate low and prices sky-high. And then there’s you: caught in the middle, terrified about forking over a fortune for a unit that might bottom out in a matter of months. So what to do? Well, first, breathe easy: a condo is still a savvy investment in Toronto, Vaughan and Thornhill. |
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 To help you avoid the pitfalls, we’ve compiled this condo buying guide with 10 expert-approved tips for navigating the market in uncertain times.
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Your Journey Begins
Whether you’re in the market for a studio condo or a luxury mansion, your journey begins here. With every MLS listing updated here daily, you can search the same inventory the agents themselves use. Finding a home has never been more convenient or fun.
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Ilan Joseph’s Real Estate Blog
Follow Ilan through Toronto and Vaughan Real Estate. With over 1,400 homes sold, Top Broker Ilan offers unique insight into the news & trends that lead our City.
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First-time buyers will likely be the only ones who feel the pressure of the new CMHC restrictions. No big impact expected.
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AUGUST HIGHLIGHTS:
National home sales edged up 0.2% from June to July.
Actual (not seasonally adjusted) activity came in 9.4% above levels in July 2012.
The number of newly listed homes edged down 0.4% from June to July.
The Canadian housing market has tightened but remains in balanced territory.
The national average sale price rose 8.4% on a year-over-year basis in July.
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My father taught me to always do more than you get paid for. If you make a sale, you can make a living. If you make an investment of time & good service towards a client, you can make a fortune.
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TopTorontoAgent.ca
All rights reserved. Copyright © 2002-2013 Ilan Joseph | Toronto & Vaughan Real Estate |
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If you have any questions about the home buying process or would like some information about the Toronto, Vaughan or Thornhill real estate market, feel free to contact me.
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CONTACT ILAN NOW FOR A MORE PERSONALISED SEARCH EXPERIENCE!
Ilan 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 10 years, Ilan has provided more than 1500 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.
