23 Apr Toronto House Prices
Toronto House Prices – Rise or Fall?
Toronto house prices have taken a similar downward path evidenced in Vancouver in 2017. Both provincial governments took credit for the sales and price drops, but the truth is, is that buyer psychology cause the market to moderate. And a drop in sales in 2 major Canadian markets can play havoc with the national economy.
In the aftermath, Christie Clarke exited as premier mostly due to her combative approach. And soon Kathleen Wynne will join the ranks of former politicians as the Toronto real estate market hasn’t lost much in the way of price. If either had sought to increase the availability of homes, they would be enjoying good times in office.
Why these politicians are so adamant in their opposition to housing growth isn’t known. As the NDP government comes into power in BC, prices in Vancouver have begun to advance. As long as housing is in short supply, the price pressure will always be upward. That’s a good cue for all real estate investors.
In August, we’re all wondering about Toronto house prices. In fact, most conversations seem to gravitate toward the price of Toronto homes and condos because its still the most outrageous, controversial topic. And we’re asking more about “when will Toronto house prices crash.”
If you examine the latest house price trends in the GTA, you’ll see moderation, yet not all TREB districts saw reductions. In some areas, they’re still climbing almost in defiance of any market meddling.
For sellers, the agonizing questions of whether they should sell now, is being solved. They held on to get the highest price and are eager to unload their property. Some got too greedy and may have to accept $100k to $200k less than a few months ago. Timing is everything in real estate.
Regardless of what polls say is on seller’s minds, the real concern is what their future life will be like. People are smart. They can see ahead. Yet Realtors have never focused on creating a vision of life going forward that would allow homeowners to let go of that old house.
The dominant problem continues to be lack of supply. Currently, the condo market is thriving however, once the new condos have been sold and occupied, prices overall will climb. The house price decreases of the last few months will reverse as supply shortages become severe again. If you own a home, the fall market might be a good one. And for buyers, you may find that dream home you wanted.
That Old House means so much more to buyers. They have the vision, the dream and they’re willing part with $1.5 million to live the dream. If you’ve got a home to sell right now, you need to hire a Realtor and capitalize on this glorious market opportunity.
The Mindset of Homeowners Who Need to Move on
Realtors need to be more psychologically aware and effective by adopting the mindset and vocabulary of the very people who move on. What words, phrases, images and activities do optimistic home sellers use? Retirees and 45+ people have priorities. Find them and speak their dreams.
And if you’re thinking of selling your Toronto home you need to use that vocabulary too. There is an incredible array of lifestyle opportunities for you. The world has never offered so much for the International home buyer. No homes in Ontario? No problem, beautiful places such as Costa Rica, Belize, Nicaragua, Mexico, Chile, and Dominican Republic await.
Why do people settle for a lesser life than they can have?
When Will Toronto’s Market Crash?
There may not be a crash, but no one is saying that for sure.
The Toronto Housing crisis is one partly of homeowners never dreaming that they get this kind of ROI out of the old house they bought. None of us were trained or educated for this opportunity. The result is too many older people hanging onto their homes, more out of being confused and unprepared to progress with their lives.
If you have a good Toronto Realtor, you really can sell your home at above expectations. Above asking is easy. Don’t even mention above asking, since everyone is using the lowball strategy to create bidding wars. Houses are selling for outrageous prices because Realtors are smart about building big demand from the right people.
Best Return Ever in Toronto
Even with foreign buyers out of the picture, demand for housing is huge in Toronto. From Mississauga, to Newmarket to Vaughan and Oshawa, people crave homes. And single detached homes with yards are the holy grail. So rare, so pleasant and rewarding some will sell their soul to the devil to be a homeowner. You don’t have to sell the joy of ownership theme to them.
So what are you doing right now to move forward and capitalize on the “Best Investment Return ever?” It’s not too late. I hope you’re contacting a good Realtor right now and beginning the selling preparation process.
Don’t sell your house in 3 days. Take your time and sell it for $75,000 more. It’s your hard earned investment and you deserve the best. Always think highly of yourself. Your Realtor will have lots of ideas about how to make the buyers very happy and contented. The improvements on your home for instance will add value and carry them forward.
I’ve written a variety of posts on selling your house, how now is the time to sell your house, and about retiring pleasantly in Central America. Time to travel, time to really enjoy life away from the city, and your time to celebrate your life. Sell that home!
Latest Posts: Real Estate Investment | Home Price Forecast | Homes for Sale | Forecast for Housing San Francisco | Best Real Estate Videos | Toronto Housing Predictions 2017 | Los Angeles Real Estate Forecast | New York Real Estate Predictions | Housing Market Forecast | Vancouver Condos | Toronto Condos |Lead Generation | Aurora Newmarket Real Estate Forecast | Lead Pospecting Tips |Blogging Tips | Real Estate Social Media | MLS | How to Hire A Real Estate Agent | Real Estate Lead Generation | Aurora Homes | Auto Insurance | US Weather Forecast | Digital Marketing Services | Mortgage Calculator | Mississauga Real Estate Forecast | Best Investment Tips 2017 | Palm Beach Homes for Sale | When should I Sell My House? | RETS IDX | Zillow Home Search | First Time Home Buyers | Canadian Home Buyers Guide