goalsWould you embark on a road trip without an end destination in mind? If you did, you would drive around a lot, see a lot of places, but you wouldn’t get where you are going because you don’t know where that is. If Mr. Roger Clemens, one of the best pitchers of all time, were standing on the pitcher’s mound, what are the chances that he could throw a pitch right across home plate?  Now, if Mr. Clemens were blindfolded and then spun in circles a few times for good measure, the probability of a perfect pitch drops dramatically. What are the chances of people achieving their goals if they are blindfolded and dizzy? Goals require clarity and focus that can only be achieved with proper structure and definition.

TREB said that the Toronto home sales where up 22% when compared to a year ago. Howerever, total sales in the month where nearly the same as August. Selling price was also up by 5.2% when compared to last September.

If this increase isn't reflected in your commissions and you are considering your options, contact us to see how we can help!

TREB has reported that a total of 77,426 residential transactions were processed by TREB's MLS® System in 2018. This represents a 16.1% drop in sales reported in 2017. The Toronto Real Estate Board also noted that total new listings entered into TREB's MLS® System were down by 12.7 per cent over the same period to 155,823.

Although the average price was up slightly, this is attributed to an increase in price of sales of condominium apartments within Toronto.

For more information, see the TREB news release

If a slowing market is making you consider your options, contact us to see how we can help!

 

According to the Ontario Real Estate Association, home sales in Ontario continued to recover in August. Sales activity reported was up 6% from the August 2018. The average home price was also up 6%. On a year to date basis sales were up 7.1%

For more information see the CREA / OREA news release.

If a active market hasn't improved your activity and you are considering your options, contact us to see how we can help!

Blaming both rising interest rates and tougher mortagage rules, CREA predicts that next years sales will fall to a nine year low. However, CREA also beleives that the average home sale price will rise a bit less than 2 percent.

While we expect sales activity to stabilize next year… we nevertheless anticipate that prices will slow even further to gains likely below that of inflation.- Canadian Real Estate Association

For more information, see the CREA News Release

If a slowing market is making you consider your options, contact us to see how we can help!