Happy Holidays!!
Eager to know where market momentum will take real estate in 2023? Need advice on achieving the best price for your property, or how to begin your buying journey? Urbaneer has the housing news you need and the homeownership content you crave! Visit our Listings Page to take a peek at our gorgeous properties currently for sale, then slide over to our blog where we discuss the many facets of house & home, as well as Toronto culture, design, and architecture – hopefully with a few laughs along the way!
Bookmark Urbaneer, and we’ll keep you in ‘the know’!
Here is what you’ll find inside our December 2022 E-Newsletter:
This month’s instalment of Dear Urbaneer was entitled, ‘Dear Urbaneer: How Does The Toronto Real Estate Bidding War Process Work?‘. In December, Steve responds to a Buyer who is curious about the technical details and the process behind a fixture in the Toronto real estate market for over two decades – the bidding war. They write, “In our current real estate market, I’m wondering if Sellers listing their properties with the objective of inciting a bidding war are getting the results they want. In the Spring, many Buyers overpaid to win in a competition, but now, with prices declining, people seem to be intentionally submitting low-ball offers to see how much of a discount they can receive. I found your recent post Dear Urbaneer: What Are Your ‘Tried & True’ Tips For Competing In A Bidding War? and it made me wonder: beyond strategy, how does a bidding war actually work? What is your process when you are representing an owner who is selling a property?” Read on for Steve’s in-depth answer, with real-life examples and bids!
Steve and the Urbaneer Team post weekly blogs that share our love of all things real estate and that celebrate Toronto! Below are three of our most well-read posts this past month:
The most-read post for December was, ‘Making Housing Affordable: When Hotels & SRO’s Were Homes‘. In this post, Steve explores how, historically, hotels have not only been temporary accommodations for travellers but homes as well. They were a solution of sorts for those requiring affordable shelter for longer periods of time, whether seasonally or permanently. I’m writing about this topic because, as a person who works in the shelter industry, I believe housing is a right and not a privilege. Everyone in a free society, regardless of who they are, should have a private room with a door they can lock for safety and security.
Another popular piece was ‘Topsy Turvy Insights From The Toronto Real Estate Trenches‘. At the beginning of 2022, media headlines began touting the pressing need for the Bank Of Canada to implement a more robust monetary policy in anticipation of the rebound from the Omicron wave of the pandemic, to calm the country’s scorching hot real estate market, and to temper inflation which had hit 4.8% in December 2021 – the highest level in 30 years. Fast forward to today, at the opposite end of the year, and there have now been a total of seven interest rate hikes. Crazy, right?! Here are my observations of where the market stands at this moment in time, why the housing landscape looks like it does, and what it means for real estate in the new year. Read on!
We also had a great response to our blog ‘These Are A Few Of My Favourite… Bloor West Village Food Vendors!‘. In this one, Cynthia highlights some of the standout purveyors of goodies and goodness in her community of Swansea and Bloor West Village. For her, the holidays are all about indulging in deliciousness. Whether it’s a quiet evening at home, an impromptu gathering, a friendly potluck, or a standout host gift, she loves shopping for new and indulgent culinary treats – and doing it locally. For a few of her favourite new purveyors of delectable eats n’ treats, check out this blog!
And – for lovers of unique urban spaces – don’t miss our sensational Toronto real estate listed for sale or lease on our site for your consideration!
Browse the December 2022 E-Newsletter here!
We LOVE Toronto real estate!
Steven & The Urbaneer Team
Bosley Real Estate Ltd., Brokerage • (416) 322-8000
http://www.urbaneer.com • info@urbaneer.com
*Like what you’ve read? Did you know we were recently listed as one of The Top 25 Toronto Real Estate Agents To Follow On Twitter! and The Top 50 Blogs On Toronto? Consider signing up to receive our FREE monthly e-newsletter on housing, culture and design including our love for unique urban homes and other Toronto real estate!