Loading...
Motria Dzulynsky Real Estate Group

The Motria Group's Market Blog: It's starting to feel like a seller's market

Tuesday Jan 21st, 2020

Share

It’s starting to feel like a seller’s market… In the past couple of years the outskirts of Toronto core have been fairly flat and houses have sat on the market. Last night we were on an offer on the outskirts of the GTA. The house came on the market Friday and by Sunday there were 3 offers. The price it went for was 1-2% higher than it would have sold late last year. Motivated buyers are starting to feel like if they don’t buy now they will be priced out of the... [read more]

The Motria Group's Market Blog: We are all wondering how new government incentives for first-time buyers are going to affect the market.

Monday Mar 25th, 2019

Share

We are all wondering how new government incentives for first time buyers are going to affect the market. There are many restrictions on the government loaning money through CMHC including a limit on the price of the property. As this price is quite low around $480,000 - it will not really affect the core of the city. Hence we believe that the impact will be negligible. The government is also thinking about extra taxing on properties over $3 million. As this market is already a bit soft we... [read more]

The Motria Group's Market Blog: We are not sure what to make of the market

Tuesday Nov 6th, 2018

Share

We are not sure what to make of the market. Some properties are selling quickly, some are not. We have seen some excellent sales - many going well above list price. Condos in the $400,000-$600,000 range in urban areas are going like hotcakes - many way over their list price. Pre-emptive or bully offers are very common. You have to be quick, well-prepared and very ready to go with certified cheque in hand. I’m not sure how the first time home buyers are managing. I hope that all these... [read more]

The Motria Group's Market Blog: Rental market is crazy.

Monday Oct 1st, 2018

Share

Rental market is crazy. There is so much demand and absolutely no supply. Prices of rentals are going up. We had a client looking for a 1 bedroom condo, wanting to spend about $1800. There were no units available in Etobicoke. One finally came up and the same day there were 3 offers. Showings were booked back to back. Our client had to pay more to get it. We believe that this will only get worse as more and more people come to Toronto and they will be unable to... [read more]

The Motria Group's Market Blog: In real estate we are constantly asked for suggestions on the best contractors...

Monday Sep 24th, 2018

Share

In real estate we are constantly asked for suggestions on the best contractors, designers, painters, movers and all other trades in the area. Therefore, we are always on the search to find those who not only do their job well but are easy to work with. In the past month we needed a mover for a home that we were preparing for the market on short notice. We hired Two Men and a Truck Etobicoke to help us with this project. Not only were they punctual but they placed great emphasis on ensuring the... [read more]

READ MORE