Toronto Luxury Real Estate: September 2018 Real Estate Market Report
September was a good month for Toronto Real Estate. We are returning to a more normal and balanced market. The introduction of the Foreign Buyer Tax, increased interest rates and the introcuction of mortgage stress testing seem to collaboratively be doing their job to curb real estate prices. A modest increase year over year of 2.9% shows a maintainable price increase. This is a little more palatable for buyers stepping into the market. The average sale price chart is a great way to track what the market is doing and you can see we are well above the lows of December 2017 but softer than the spring market.
No longer can listing agents just pop a listing on MLS and see multiple offers but rather a more thoughtful marketing plan and professional approach to listing a property for sale is required. When choosing a listing agent it is very important to make sure they will market your property appropriately including professional photography and floor plans. For a comprehensive plan on selling your home do not hesitate to contact me. I will provide a full service approach to selling your home including professional staging. I take care of every listing as if it was my own property.
Chris Kapches, President and CEO of Chestnut Park Real Estate provides a full market report for September 2018 here: Toronto_Report_September2018
|Helen Braithwaite, Sales Representative
SRS®, SRES®, ABR, ePro Agent®, CLHMS® | Luxury Specialist
Chairman’s Award 2017 | Director’s Award 2016
Chestnut Park Real Estate Limited, Brokerage