Good morning!“In some niche markets that continue to see multiple offers, we are seeing properties that are renovated, the turnkey properties, especially with renovated kitchens and bathrooms continue to garner a lot of buyer interest,” said Mike Heddle, broker and team leader, Royal LePage State Realty.
The Toronto Regional Real Estate Board said Wednesday that Toronto home prices declined three per cent from March to April. Further, sales slowed 41 per cent year-over-year from last April and were down 27 per cent from March as rising interest rates started to crimp the housing market.Advertisement 4Gussying up your home’s kitchen was the best way to get the most potential return on money spent, according to the experts at Royal Lepage.
Bathrooms, another high-traffic part of every home, placed second on the list of most-valuable home improvements with survey respondents estimating that a new bathroom can add to the value by an average of 16 per cent.Article content
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As housing market cools, surburban home prices and sales are dropping faster than the downtown coreExperts say real estate in 905 region is stabilizing from pandemic peak, as downtown living becomes more attractive with rising gas prices and workers returning to offices. I thought there was no supply, how could price and sales fall. Maybe something else was fuelling all the speculation... hmmm John Pasalis, president of real estate brokerage Realosophy, said though prices may be up year over year, they’re slowing down month over month — and one only has to look at the last few months to get a better idea of what’s to come. People are moving out of town in droves.
Source: TorontoStar - 🏆 60. / 55 Read more »
Toronto-area home sales plunge as higher interest rates cool marketHigher interest rates have taken a bite out of the Toronto area’s seemingly insatiable appetite for real estate, with sales and home prices continuing to soften in April. The Liberals are delivering economic relief to Canadians. But what else is new? This is why we hired them to run things. Imagine that! No need for some hair-brained government scheme. Just increase the cost of borrowing and people won’t have as much to throw at a house. So simple it just might work if they continue raising interest rates Gotta ❤ love how many are applauding a decline in home prices while conveniently ignoring the cost of borrowing, and maintaining a home (remember the inflation we're experiencing? ), is increasing. People just see what they want to see, refusing to look at the entire picture.
Source: TorontoStar - 🏆 60. / 55 Read more »
Investors should sell shares, buy bonds to protect against market turmoil, JPMorgan saysSuch trades can generate more income for investors I'm not selling my moon tickets for all Putin's gold You only really lose money on a fall if you sell.
Source: nationalpost - 🏆 10. / 80 Read more »