It’s easy to go down a rabbit hole of analysis about how COVID-19 is impacting the market and what comes next. If we cut through the noise, we can see there are absolutely going to be winners and losers in real estate over the next few months. Most of it is out of our control, but there are a few ways in which you can make sure you aren’t negatively impacted by our new reality.
Back in 2003, Toronto experienced the SARS outbreak and it makes sense to look at how it impacted the real estate market to get a good sense of the likely impact of the coronavirus this time around. Also, are we the only ones who didn't realize how often we touch our faces? Egad.
When you think about the last time you moved, what was the reason? Recently released data shows the big reasons people choose to move and it’s pretty surprising. Here’s our take on it.
When we look at what’s happened to prices in the last year and what’s expected to happen this year, the cost of waiting to buy is huge. How huge? In Toronto, it costs you about $300 a day.
Whenever a deal falls through, there is short window of opportunity for a buyer to come in with a firm offer to get the property at a great price. Here’s some examples of when that happened.
Without a doubt, 2020 is getting off to a very unusual start. Whether it’s detached houses, semi-detached, townhouses or condominiums, you should know exactly what is going to happen next.
How long does it take to buy? To sell? What happens, in what order and what can’t be rushed or skipped without the whole thing falling apart? Here’s the timelines you need to know if you’re buying or selling real estate.
Increased interest in smaller urban areas, less value attached to parking spots and the rise of non-traditional homes. 2020 is going to see some interesting changes in real estate!
If we understand that there is no “one” market, it means that there are buyer opportunities in certain areas, certain housing types and certain price points. Here’s where those opportunities are right now.
