Skip to main content
Tag

condo

brown sofa near glass window

The Pros and Cons of Open Houses in Toronto

By Advice For Sellers

Selling your home is a significant undertaking, and one question that often arises is whether hosting open houses in Toronto is worth the effort and investment. In this blog post, we’ll explore the pros and cons of open houses to help you make an informed decision about whether they are the right strategy for selling your home!

The Top 5 Pros of Open Houses:

  1. Exposure to a Wide Audience: Open houses attract a broad range of potential buyers, including those who might not schedule private viewings. This exposure can increase the chances of finding the right buyer for your home. The more people through the door, the better the chance of getting the most for your home.
  2. First Impressions Matter: Open houses allow buyers to experience your home in person, creating a tangible connection. A well-staged and inviting presentation during an open house can leave a lasting positive impression. Remember, we don’t sell like how we live… so don’t take it personally if your realtor advises clearing out personal effects.
  3. Feedback and Market Insights: Hosting an open house provides an opportunity to gather feedback from potential buyers. This insight can be valuable in making necessary adjustments to the price or to enhance your home’s appeal in the market.
  4. Sense of Urgency: Creating a sense of urgency by having specific viewing hours can motivate potential buyers to make decisions quickly, especially if they see others expressing interest in the property.
  5. Facilitates Networking: Real estate agents often use open houses to network and connect with potential buyers. This can lead to additional exposure for your property through word of mouth and industry connections.
brown staircase

The Top 5 Cons of Open Houses:

  1. Security Concerns: Opening your home to the public may pose security risks. While most visitors are genuinely interested in purchasing, there is a potential for theft or unauthorized access. Always have jewelry, laptops, and any other high-value items removed from the home.
  2. Inconvenience for Sellers: Hosting open houses can be disruptive for sellers, requiring them to vacate the premises for extended periods. Balancing privacy and the desire to showcase the home can be challenging.
  3. Quality of Leads: While open houses attract a wide audience, not all attendees may be serious buyers. Some people might be curious neighbors or individuals who are not financially prepared to make a purchase.
  4. Limited Time Frame: The limited time frame of an open house might not be sufficient for potential buyers to thoroughly explore the property. Private showings often allow for a more relaxed and detailed viewing experience.
  5. Effectiveness Varies: The effectiveness of open houses can vary depending on the market, location, and property type. In some cases, the return on investment may not justify the effort.

    If you’re interviewing multiple realtors before choosing the right one to sell your home, ask them to outline all the processes and procedures they use to host a safe and efficient open house!
brown wooden dining table with white chairs near kitchen

The 3 Best Tips for Maximizing An Open House:

  1. Effective Marketing: Promote your open house through various channels, including online listings, social media, and traditional marketing methods. Don’t discount the old-school methods of sidewalk signs and door to door marketing.
  2. Well-Staged Presentation: Ensure your home is impeccably staged for the open house to create a positive and memorable impression. (and yes, a tray of freshly baked cookies is always a good idea)
  3. Security Measures: Implement security measures to protect your property during open houses, such as removing or securing valuable items. Have your realtor keep a log of all guests and visitors

Is Having an Open House Worth it for Your Home?

The decision to host open houses when selling your home ultimately depends on various factors, including your comfort level, the local market conditions, and your specific goals. While open houses can provide exposure and valuable insights, they come with potential drawbacks. Carefully weigh the pros and cons, and consider consulting with a real estate professional to determine the most effective strategy for showcasing your home in the competitive real estate landscape.

For Sale: 31 Tippett Rd

By Listings

Exclusive

31 tippett rd #1313

southside condos

 

Price: $579,000

Bedrooms: 1+1

bathrooms: 1

never lived
in

Be the first to live in this brand new, recently completed South Side Condo!  Located across from Wilson Subway Station, this one bedroom plus den layout measures in at just under 600 sq.ft. and includes parking.

From smooth ceilings, wide plank flooring, modern bathroom, kitchen island, upgraded lighting and custom motorized window coverings – all you’ll have to do is pack your bags, and move in!

This offering is not available on the MLS, but appointments can be made for a private tour!


book an appointment

mls_1-10

 

mls_1-2

 

mls_1-1

 

mls_1-15

 

mls_1-16

 

mls_1-17

 

mls_1-14

 

mls_1-20

 

mls_1-12

 

mls_1-13

 

mls_1-11

 

mls_1-8

 

mls_1-7

 

mls_1-6

 

mls_1-19

 

mls_1-18

 

mls_1-5

 

mls_1-4

 

mls_1-3

 

mls_1-9

Previous
Next

Contact Us

book a time to view the property!

Sold: 210 Victoria St #2004

By Sold Properties

Sold

210 victoria st #2004

Pantages Tower

 

Price: $799,900

Bedrooms: 2

bathrooms: 2

Lights,
Camera,
Action!

Live in the centre of the city at 210 Victoria Street! This two-bedroom, two-bathroom suite measures nearly 920 sq.ft. and features sweeping views of the city from the east to the south.  The floor-to-ceiling windows from this corner unit offers tons of natural light and unobstructed views.  You’re literally front row to Massey Hall, steps to the Eaton Centre and neighbours with the Ed Mirvish Theatre and St. Mikes hospital.

You’ll love the recently upgraded hardwood floors, modern guest bathroom, open concept living room, and two spacious bedrooms. The galley-style kitchen offers ample prep room, stainless steel appliances and loads of storage.  

Guests are greeted by front desk security/concierge and have access to a wide range of amenities in the building. The purchase price includes one parking spot and one locker!


book an appointment

aa_0029

 

ab_0031

 

ac_0013

 

ad_0027

 

af_0025

 

ag_0026

 

ah_0020

 

aj_0024

 

ak_0016

 

al_0011

 

am_0008

 

an_0009

 

ap_0010

 

aq_0012

 

ar_0017

 

as_0015

 

at_0014

 

av_0005

 

aw_0006

 

ax_0004

 

az_0003

 

ba_0002

 

bb_0001

 

bc_0007

 

bd_0018

 

bf_0019

 

bg_0021

 

bh_0023

Previous
Next

Contact Us

book a time to view the property!

LEASED: 36 Via Bagnato #526

By Sold Properties

LEASEd

36 Via Bagnato #526

treviso condos

 

Price: $1,950/month

Bedrooms: 1 + Den

bathrooms: 1

spacious and stylish

Located in phase 1 of the Treviso community is where you’ll find this spacious one bedroom and den condo – for lease! Measuring in at nearly 700 sqft. the condo features an upgraded kitchen island (and backsplash), with an open concept living and dining room. The large den is perfect for those looking to Work From Home, as it can comfortably fit a home office. The main bedroom has a double door closest and can easily fit a queen-sized bed.

After a long day, unwind on the oversized terrace which overlooks the community pool. The covered terrace offers ample space for entertaining with friends or getting in a quick outdoor workout from the comfort of your home.

The building features two gyms, a sauna, library, outdoor pool and bbq area along with 24-hour security and a public park to the rear of the building!


book an appointment

W4883639

 

1Q0A1815-HDR

 

1Q0A1829-HDR

 

1Q0A1843-HDR

 

1Q0A1857-HDR

 

1Q0A1899-HDR

 

1Q0A2028

 

1Q0A1885-HDR

 

1Q0A1892-HDR

 

1Q0A1906-HDR

 

1Q0A1913-HDR

 

1Q0A1920-HDR

 

1Q0A1927-HDR

 

1Q0A1934-HDR

 

1Q0A1955-HDR

 

1Q0A1969-HDR

 

1Q0A1808-HDR

 

1Q0A1976-HDR

 

1Q0A1983-HDR

 

1Q0A1990-HDR

 

1Q0A2011-HDR

 

1Q0A1997-HDR

 

W4874101_27

 

W4852991_16

 

W4874101_28

 

W4852991_19

 

103283767_3356038714492922_7881461259537762961_n

 

W4832497_32

 

W4883639_5

 

W4832497_22

Previous
Next

Contact Us

book a time to view the property!

SOLD: 11 Charlotte #403

By Sold Properties

SOLD

11 Charlotte #403

King Charlotte Condos


Price: $599,990

Bedrooms: 1

bathrooms: 1

Live like royalty
at King Charlotte

Live in the centre of it all, at King Charlotte! Completed in 2016, this bright and spacious layout features full-length windows and loads of natural light. You’ll love the industrial look and feel of the exposed concrete walls and ceilings. The kitchen features a gas cook-top and well-appointed appliances. There’s even a full four-piece bathroom complete with tub/shower. The large bedroom can comfortably fit a sized queen bed, and also includes a custom organizer in the closet!

The building comes well equipped with a rooftop pool on the 33rd floor, gym, and ground floor concierge. One locker is also included in the purchase price.


book an appointment

aa_0022

bd_0025

bc_0021

bb_0020

ba_0018

az_0019

ax_0017

aw_0014

av_0013

at_0011

as_0016

ar_0009

aq_0008

ap_0007

an_0005

am_0006

al_0015

ak_0012

aj_0010

ah_0004

ag_0002

af_0001

ad_0003

ac_0024

ab_0023


Previous
Next

Contact Us

book a time to view the property!

Leased: 120 Parliament St #803

By Sold Properties

leased

120 Parliament St 803

East United condos


Price: $1,850/month

Bedrooms: 1 + Den

bathrooms: 1

Be the first to live at East United

​Be the first to live in the newly completed, East United Condos by the SigNature Communities!

This spacious 1 bedroom plus den unit features 9-foot ceilings, an open concept living and dining room (perfect for entertaining), and a private balcony with stunning city views to the North.

The real value is in the separate den – you won’t find any “nooks in the wall” here. The separate room can be used as a nursery, guest bedroom or work from home office!

The bedroom can comfortably fit a queen-size bed, and comes with ample closet space. The landlord is in the process of having window coverings installed throughout.

The building amenities include a Fitness Centre, Rooftop Terrace, Yoga Studio, Party Room and front desk concierge.


book an appointment

mls_1-23

mls_1-22

mls_1-19

mls_1-18

mls_1-17

mls_1-16

mls_1-15

mls_1-14

mls_1-13

mls_1-12

mls_1-11

mls_1-10

mls_1-9

mls_1-8

mls_1-7

mls_1-6

mls_1-5

mls_1-4

mls_1-3

mls_1-2


Previous
Next

Contact Us

book a time to view the property!

SOLD: 111 St. Clair #814

By Sold Properties

SOLD

111 St. Clair Ave. West #814

Imperial Plaza Condos


Price: $779,900

Bedrooms: 1 + den

bathrooms: 2

find your work-life balance

Located at the iconic Imperial Plaza, this two-level loft is perfect for the buyer looking to find that work-life balance!

For the entertainer, you’ll love the custom-designed kitchen – complete with quartz countertops, marble backsplash and upgraded (German) appliances. Share a glass of wine or a gourmet dinner on the expansive centre island. There’s tons of built-in storage, to help maintain a clutter-free kitchen. Unwind after a long day, with a front-row view of the skyline to the south. The unobstructed views offer the perfect backdrop to entertaining with friends. A two-piece bathroom rounds off the main level, along with ensuite laundry.

If working from home is your new reality, the separate den on the 2nd level provides a distraction-free space. It’s flexible enough to double as a guest bedroom or home gym and can adapt to your needs. The split layout offers separation from the main bedroom and is a huge asset in today’s times.

A second bathroom is located on the upper level. It features a bathtub and separate shower stall with an upgraded Grohe shower system and a LED mirror.

The spacious bedroom can comfortably fit a queen-size bed, with nightstands on both sides! Double mirrored closets offer ample storage and add to the airy feel of the room. Customized Hunter Douglas motorized can be easily controlled from one of two remotes.

The loft measures in a nearly 850 sq.ft. and features expansive 16 ft ceilings. One locker is also included in the purchase price. Owners have access to an assortment of amenities which include: indoor pool, steam room, games room, well-equipped gym, party room, movie screening room, basketball and squash courts, golf simulator, music studios, concierge and more. You’ll also find an LCBO and Longos at the base of the building!


book an appointment

bc_0009

bd_0008

bf_0010

bg_0022

bh_0013

bj_0014

bk_0011

bl_0012

bm_0015

bn_0023

bp_0017

bq_0018

br_0019

bs_0016

bv_0020

bw_0006

bx_0004

bz_0005

ca_0003

cb_0001

cc_0002

cd_0024

cf_0025

bb_0007

aa_0021

ba_0047

az_0046

ax_0045

aw_0044

av_0043

at_0042

as_0041

ar_0040

aq_0039

ap_0038

an_0037

am_0036

al_0035

ak_0034

aj_0033

ah_0032

ag_0031

af_0030

ad_0029

ac_0028

ab_0027

_floor_Second

_floor_Main


Previous
Next

Contact Us

book a time to view the property!

How Did the Toronto Real Estate Market Perform in 2018?

By Monthly Market Updates

How Did the Toronto Real Estate Market Perform in 2018?

2018 wasn’t much of a record-shattering year, and I don’t think anyone should be very surprised by the outcome! As we forecasted at the start of it, 2017 hit new heights in the city – and keeping on pace in 2018 would be nearly impossible. But that doesn’t make 2018 a disaster either. In fact, 2018 was a more balanced and easier to navigate market than in years past… so with that being said, let’s take a closer look at what happened!

Average Prices in Toronto for 2018

The average price of real estate in Toronto for 2018 was $783,082! There was a two-way tie for the highest average price with June and October both clearing $807,000. $736,783 marked the lowest average price and was set in January. Compared to 2017, the overall average price in Toronto declined by 2.85% or $23,000.

Total Number of Listings In Toronto for 2018

The busiest month of 2018 was May with more than 19,000 properties coming to market. As impressive as the number sounds, we were still 6,000 properties short of the 25,000 listings reached in May 2017. The slowest month for new listings was December with only 4,300 coming to market and was expected with the seasonal slowdown during the holidays.

Total Number of Sales

In total, we had 77,909 sales in 2018. That represented a sharp drop of 15,249 fewer sales (16%) compared to the 93,158 sales in 2017.

Days On Market In Toronto for 2018

It took 25 days (on average) for properties to sell in Toronto. From March to June that number went down to just 20 days, and in January and December, it went up to 30 days.

 

A Summary of 2018

To better understand 2018, we have to start back in 2017!

2017 was a pivotal year in the city, reaching historical highs for both prices and the number of properties sold. The driving source of the price appreciation in the market was the soaring prices for detached homes throughout the first part of the year. At its height, detached homes were selling for more than $1,500,000. Affordability coupled with buyer fatigue, government intervention and changes to mortgage lending resulted in a swift cool down from May to August. We saw prices start to pick back up from September to year end, but never quite reaching the highs we saw earlier in the year.

At the beginning of 2018, we cautioned that the media would focus solely on “Year over Year” comparisons. We also forecasted that the numbers wouldn’t be as strong as in 2017, and to expect sharp contrasts between the two years. It’s hard to get a real sense of where the market is at if you’re only comparing against a record-breaking year (and the same is true if we were to compare it with a less than stellar year). For this reason, we also added analysis of the three-month trend for each segment and gained a more accurate look at the direction of the market!

Prices of detached homes proved to be a double-edged sword. As they cut through the headlines of 2017 and boosted the monthly averages – they did the opposite in 2018, performing like more of an anchor bringing prices and overall averages down.

Detached homes experienced the biggest price decline in 2018. Prices were down by $76,000 on average (a 5.5% decrease year over year) to just $1,307,604.

On the other side of the scale, condo prices helped the market maintain its pace and took the top awards in several categories.

Condos represented the best-performing segment of the year – up 9.4% (from January-December 2018), they had the highest year over year appreciation – up 9% (or $49,900) and also recorded the highest number of sales at 16,348!

Townhouses started off strong, nearly tieing the 2017 record-setting price of $793,129 by recording a high of $792,180 in April of 2018. But from there on out, prices started shifting down with prices ending the year at $714,456.

In 2018, the Semi-Detached market caught our attention the most… and we think they’re going to continue to be the segment to watch in 2019! From January to November, prices have gone up by over 13% (even higher than condos). There are two main reasons for the sharp appreciation: Price Point and Housing style.

1. Price Point – semis have been hovering around the million dollar mark throughout the year. In many parts of the city, you can still buy a semi for less than a million dollars. This gives buyers the flexibility to purchase with less than 20% down (something that can’t be done with houses priced over a million). Even at the million dollar mark, semi’s represent a housing style (with land and a backyard) for much less than the detached average of $1.3 million!

2. Housing Style – Most people start the property ladder single, and in a condo. As they partner up and move up the ladder, a house is typically the next step. We think that as more condo owners trade up, demand for houses will increase (as we partially saw in 2017). The semi represents a more affordable option and smaller price gap when compared to a detached home. Most semi’s also come with 3 or more bedrooms. Bungalows (at times can be priced in the same range as semis) often times only offer 2 bedrooms. For those who want the space and style of a house but without the higher price found in the detached market – the semi is our pick best-appreciating segment in 2019!

Individual Market Performance by Segment

Detached Houses

Average Price: $1,307,604
Yearly Percent Change: -5.51%
Yearly Dollar Amount Change: -76,207.58

Yearly High: May $1,426,094
Yearly Low: December $1,145,892

Semi-Detached Houses

Average Price: $991,105
Yearly Percent Change: +1.75%
Yearly Dollar Amount Change: +$17,081.50

Yearly High: May $1,067,128
Yearly Low: August $891,208

Townhouses

Average Price: $738,458
Yearly Percent Change: +3.56%
Yearly Dollar Amount Change: +$25,407.17

Yearly High: April $792,180
Yearly Low: January $712,186

Condos

Average Price: $590,832
Yearly Percent Change: +9.03%
Yearly Dollar Amount Change: +$48,936.67

Yearly High: September $615,582
Yearly Low: January $543,279