Spring in Toronto West
For the last 20 years the spring market in Toronto West has been very active and fast paced, but this spring we saw huge increases in prices spurned on by low inventory and interest rates. The June stats are fresh off the press and in many areas we saw increases of 11% and 12% in only 3 months! The biggest gains were in High Park-Swansea, Roncesvalles, South Parkdale, Junction Area, Lambton Baby Point, Runnymede-Bloor West Village, Calendonia-Fairbank, Glenfield-Jane Heights, Humber Summit, and Alderwood.
Many buyers scratched their heads as selling prices soared way out of reach for them, and even the sellers were surprised at the newly set value of their homes. The bar was raised and many people were left out in the cold. What do you do when that happens? You take a step back and regroup with a pragmatic eye. That’s where a good realtor can really shine. They will help you see the forest for the trees, they will help you re-evaluate your wish list and hone in on your needs. It is possible to purchase your dream home even in a scenario like this one that seems to work against you.
Will this fervent pace continue all summer? Only time will tell. My clients and I work diligently together to accomplish their goals and we’ll be poised and ready to strike when the time is right. If you would like to have me work for you to buy or sell please contact me. I’d love to hear from you!