The urbaneer team is delighted to share with you our latest mention in Thomson Reuters Press about the difficulty of climbing Toronto's property ladder in such an intense real estate market.
Reuters contacted urbaneer's Steve Fudge for his thoughts on whether homeowners should cash in and buy bigger, or hold off until the market settles. In the interview, Steve urged would-be buyers to wait until they win a purchase because selling is easy, but buying is hard. “I will not have them sell their house until we've secured something, because I don't want them being homeless,” he said.
When asked just how frenetic the market is right now, Steve shared the tale of our Buyer whom recently secured a three-bedroom semi-detached home in Toronto for “just over C$1.2 million” in a three-way bidding war that started within 24 hours of the house hitting the market. With the deal still to close, his Buyers have been approached three times to sell their contract for (nearly) C$100,000 more than it cost.
Here's a snap of the dwelling:
You can read the entire Reuters article here.
Do you have questions about Toronto real estate? With decades of experience navigating the highs and lows of our market, and our commitment to remain acutely aware of shifts and trends, we're here to help! All without pressure or hassle.
The Urbaneer Team
Bosley Real Estate Ltd., Brokerage • (416) 322-8000
http://www.urbaneer.com • firstname.lastname@example.org
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