November 2024 saw a significant rise in GTA home sales, up by 40.1% year-over-year with 5,875 homes sold! New listings increased by 6.6%, but tighter market conditions led to average price growth. Buyers benefitted from more affordable conditions thanks to lower borrowing costs. 📊🏘️

The average selling price rose by 2.6% to $1,106,050, while the MLS® Home Price Index Composite benchmark declined by only 1.2%—the smallest drop in months. On a seasonally adjusted basis, sales were up from October, showing continued buyer confidence. 💼🔍

Looking ahead, rental demand is expected to rise alongside population growth. Addressing the LTB backlog could further strengthen the market for both tenants and landlords. 🔑🏙️

Are you wondering what this means for the value of your home? DM us @boltonandclements, and we'll provide you with expert advice on what this means for you specifically. 🏡🔍

Watch our November 2024 Market Report reel on Instagram and see how the trends affect you. 🏡

Yours in real estate,

Bolton & Clements Real Estate Group

October 2024 brought a notable rise in GTA home sales, up by a strong 44.4% year-over-year with 6,658 homes sold! New listings also rose by 4.3%, though at a slower rate, creating tighter market conditions. 📊🏘️

The average selling price increased slightly to $1,135,215, up 1.1% from October 2023, while the MLS® Home Price Index Composite benchmark was down by 3.3% year-over-year. On a seasonally adjusted basis, both sales and prices showed growth over September, indicating an active and competitive market. 💼🔍

Are you wondering what this means for the value of your home? DM us @boltonandclements, and we'll provide you with expert advice on what this means for you specifically. 🏡🔍

Watch our October 2024 Market Report reel on Instagram and see how the trends affect you. 🏡

Yours in real estate,

Bolton & Clements Real Estate Group

September 2024 saw a positive shift in the GTA housing market, with home sales up 8.5% year-over-year, totaling 4,996. Buyers are starting to take advantage of more affordable conditions thanks to interest rate cuts and lower home prices. 📊🏘️

New listings surged by 10.5%, providing even more options for buyers. The average selling price was $1,107,291, down just 1% compared to last year, while the MLS® Home Price Index Composite benchmark dropped by 4.6%. On a seasonally adjusted basis, both sales and prices edged up from August, signaling growing buyer activity. 💼🔍

Are you wondering what this means for the value of your home? DM us @boltonandclements, and we'll provide you with expert advice on what this means for you specifically. 🏡🔍

Watch our September 2024 Market Report reel on Instagram and see how the trends affect you. 🏡

Yours in real estate,

Bolton & Clements Real Estate Group

Thinking of selling your home in the near(ish) future? With winter just around the corner, October is the perfect time to make smart, quick renovations to increase your home’s buyer appeal & value.

Here are a few cost-effective upgrades to tackle before hibernation hits:

A fresh coat of paint is one of the simplest and most effective ways to boost your home’s appeal. Focus on neutral tones that create a clean, modern look and make spaces feel bigger and brighter. Don’t forget the exterior—painting the front door or trim can give your home instant curb appeal, especially before the snow arrives.

Kitchens and bathrooms sell homes, but you don’t need a complete remodel to make a difference. Consider replacing outdated fixtures, adding a fresh backsplash, or upgrading hardware like faucets and cabinet handles. These small changes can modernize the space without breaking the bank.

Buyers are increasingly looking for energy-efficient homes. Simple upgrades like sealing windows and doors, adding insulation, or smart home-tech installs (thermostat, door locks, etc) can make your home more attractive (and in most cases reduce ownership costs).

With the days getting shorter, good lighting becomes essential. Replace outdated fixtures with modern, energy-efficient options, and ensure your home is well-lit both inside and out. Bright, inviting spaces help buyers envision themselves in the home.

October offers the perfect window to make last-minute improvements before winter arrives and the real estate market slows down. These small but impactful updates can give your home a competitive edge, helping you sell faster and for a higher price.

If you’re considering listing soon and want personalized advice on where to start, comment down below!

Market Update Alert! 🏡📉

August 2024 saw a slight dip in GTA home sales, down 5.3% compared to last year, with 4,975 homes sold. Despite the decline, new listings were up by 1.5%, keeping the market well-supplied. 📊🏘️

The average selling price edged lower by just 0.8% year-over-year, reaching $1,074,425, while the MLS® Home Price Index Composite benchmark dropped 4.6%. On a seasonally adjusted basis, August sales increased slightly from July, though prices saw a small decline. Buyers are still benefiting from more options and competitive pricing. 💼🔍

Are you wondering what this means for the value of your home? DM us @boltonandclements, and we'll provide you with expert advice on what this means for you specifically. 🏡🔍

Watch our August 2024 Market Report reel on Instagram and see how the trends affect you. 🏡

Yours in real estate,

Bolton & Clements Real Estate Group

Market Update Alert! 🏡📈

July 2024 brought positive trends to the Greater Toronto Area (GTA) housing market. Home sales increased by 3.3% year-over-year, totaling 5,391. Buyers benefited from more choices with new listings surging by 18.5%. 📊🏘️

Greater Toronto Area REALTORS® reported the average selling price at $1,106,617, a slight 0.9% dip from July 2023. The MLS® Home Price Index Composite benchmark decreased by approximately 5% year-over-year. 📉

On a seasonally adjusted monthly basis, both the MLS® HPI Composite and average selling price edged up from June 2024, indicating a resilient market. Buyers continue to enjoy more options and competitive pricing. 💼🔍

Are you wondering what this means for the value of your home? DM us @boltonandclements, and we'll provide you with expert advice on what this means for you specifically. 🏡🔍

Watch our July 2024 Market Report reel on Instagram and see how the trends affect you. 🏡📉

Yours in real estate,

Bolton & Clements Real Estate Group

Market Update Alert! 🏡📊

June 2024 saw a mixed market in the Greater Toronto Area (GTA). Home sales totaled 6,213, reflecting a 16.4% decline compared to last year. Despite a Bank of Canada rate cut, many buyers paused their purchase decisions. 📉🏠

New listings increased by 12.3% year-over-year, providing a well-supplied market. Greater Toronto Area REALTORS® reported the average selling price at $1,162,167, a slight 1.6% dip compared to June 2023. The MLS® Home Price Index Composite benchmark also showed a 4.6% year-over-year decrease. 📉

On a positive note, both the average selling price and the MLS® HPI Composite were up on a seasonally adjusted monthly basis from May 2024, showing signs of market resilience. 📈

Are you wondering what this means for the value of your home?

Give us a call on 416-786-0035 or dm @boltonandclements and we'll provide you with expert advice on what this means to you specifically.

Unlock the latest insights on the GTA real estate market! 📊 Watch our June 2024 Market Report reel on Instagram and see how the trends affect you. 🏡📉

Yours in real estate,

Bolton & Clements Real Estate Group

Market Report Update! ⁣

Despite a lower March 2024 home sales result compared to last year, attributed partly to Good Friday in March versus April last year, the market remained competitive.

Greater Toronto Area REALTORS® reported 6,560 sales, down by 4.5% YoY, but with new listings up by 15%. Despite this, sales were down by 1.1% on a seasonally adjusted monthly basis, with new listings decreasing by 3% compared to February.

The first quarter ended with sales up by 11.2% YoY and new listings up by 18.3%. The MLS® HPI Composite benchmark saw a modest increase of 0.3% YoY, with the average selling price rising by 1.3% to $1,121,615.

On a seasonally-adjusted basis, the MLS® HPI Composite and average selling price increased by 0.2% and 0.7%, respectively, compared to February.

Are you wondering what this means for the value of your home?

Give us a call on 416-786-0035 or dm @boltonandclements and we'll provide you with expert advice on what this means to you specifically.

Yours in real estate,

Bolton & Clements Real Estate Group

Market Report Update! ⁣

Population growth and economic resilience in the Greater Toronto Area continue to drive housing demand.

Despite higher prices, borrowing costs tempered sales compared to 2021 records. In Feb '24, 5,607 GTA home sales surged by 17.9% YoY, with new listings also on the rise, offering increased choice for buyers.

While monthly adjustments show stable prices, sales dipped after two consecutive increases.

The MLS® HPI Composite benchmark nudged up by 0.4%, with an average selling price of $1,108,720. Seasonally-adjusted, both indicators see a modest monthly increase.

Are you wondering what this means for the value of your home?

Give us a call on 416-786-0035 or dm @boltonandclements and we'll provide you with expert advice on what this means to you specifically.

Yours in real estate,

Bolton & Clements Real Estate Group

Market Report Update! ⁣

Home sales soared with lower borrowing costs, and new listings increased, setting the stage for potential spring price growth.

TRREB reported 4,223 sales, up by one-third from 2022, while new listings rose around 6%. Tighter market conditions suggest a dynamic landscape for buyers.

Month-over-month, both sales and listings increased, signaling evolving market dynamics. In January 2024, the MLS® HPI Composite was down <1% YoY, and the average selling price dipped 1% to $1,026,703.

Are you wondering what this means for the value of your home?

Give us a call on 416-786-0035 or dm @boltonandclements and we'll provide you with expert advice on what this means to you specifically.

Yours in real estate,

Bolton & Clements Real Estate Group

Market Report Update! ⁣

In 2023, surging demand, fueled by record immigration, shifted attention to rentals. GTA home sales dipped below 70k due to affordability challenges from high mortgage rates. Despite a spring-summer uptick, new listings declined, raising concerns amid population growth.

The average selling price held at $1,126,604, a 5.4% decline, yet displayed resilience with monthly increases., yet showcasing resilience with monthly increases.

Are you wondering what this means for the value of your home? Dm us @boltonandclements and we'll provide you with expert advice on what this means to you specifically.

Are you wondering what this means for the value of your home?

Give us a call on 416-786-0035 or dm @boltonandclements and we'll provide you with expert advice on what this means to you specifically.

Yours in real estate,

Bolton & Clements Real Estate Group

November 2023 : Despite a 6% decline in home sales (4,236 transactions), the market saw a 16.5% surge in new listings, providing more options for buyers.

The average selling price held steady at $1,082,179, exhibiting stability year-over-year. Economic uncertainties and borrowing costs continue to influence the market dynamics.

On a positive note, month-over-month sales increased slightly, while new listings saw a 5.5% decrease. The MLS® Home Price Index Composite benchmark, however, showed a 1.7% dip on a seasonally adjusted basis.

Are you wondering what this means for the value of your home?

Give us a call on 416-786-0035 or dm @boltonandclements and we'll provide you with expert advice on what this means to you specifically.

Yours in real estate,

Bolton & Clements Real Estate Group