If you’re curious how the Toronto Real Estate Fall Market is performing, all you need to do is bookmark the Urbaneer blog. 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!
Here is what you’ll find in our October E-Newsletter:
This month’s installment of Dear Urbaneer is entitled, ‘Dear Urbaneer: Should I Choose The City Or The Suburbs?‘. In it, I provide counsel to our dwell-hunting clients who recently sold their Mississauga condominium to climb the property ladder into their Forever Home. Why? So they can embark on their next chapter of life – raising kids – as a nuclear family unit. However, like many Buyers, this couple has been impacted by rising interest rates. As the cost to borrow money has gone up, their purchasing power has gone down, which has resulted in a financial shortfall to buy their ideal home – a renovated, detached, 3-bed residence with on-site parking in a central downtown west Toronto ‘urban village’. So, they are facing the dilemma of either looking outside of the city or buying a home that requires a lot of work. Essentially, their question is: ‘how do you compromise in your dwell hunt, without feeling like you are sacrificing too much?’ Read on!
The Urbaneer Team posts weekly blogs that share our love of real estate and celebrate Toronto! Below are three of our most well-read posts this past month:
The most popular post in October was, ‘International Students And The Path Forward For Affordable Housing‘. Canada is on track to welcome 900,000 international students – the most ever, and almost triple the yearly rate a decade ago. This is part of an overall strategy to accommodate aggressive immigration targets over the coming years, and the need is certainly urgent; nearly a fifth of current workers, across sectors, are nearing retirement, according to Stats Can. Meanwhile, the fertility rate in Canada is hovering at all-time lows. However one of the biggest challenges for foreign students is the high cost of living here; not only are many forced to find jobs outside of class hours to afford tuition, but there simply isn’t enough available housing. Even if they were all millionaires, we don’t have the brick-and-mortar space. So what’s being done?
Another popular piece was ‘Buff Brick And Its Role In Toronto’s Housing History‘. Did you know that, not only has brick played a major role in the history of Toronto, but that Toronto has shaped the manufacturing and design of brick? It’s been a foundation of Toronto’s economy and a cornerstone (pun intended) of its construction. Just as bricks and mortar have – quite literally – built civilizations throughout human history, Toronto’s rise and expansion owes much to the red building material that now characterizes our leafy residential streetscapes – as well as any number of Toronto landmarks! Read on!
We also had a great response to our blog ‘Convenience Puts the ‘Dream’ in Dream Home‘. It’s been decades since prospective purchasers of property can take a deep breath and process their shelter priorities instead of falling prey to the Fear Of Missing Out. When a market is in overdrive and prices are going up every day, it’s easy to make compromises if the possibility of being shut out of the market is real. Now that the Bank of Canada has been increasing interest rates to curb inflation, it’s put the brakes on our hyper-competitive market. So what do Buyers entering the market right now prioritize? I put this question to three sets of Buyer clients and the consensus was, that even though consumer culture fuels the desire for pretty, pragmatic considerations are more important than aesthetics. Buyers want a home that meets their spatial needs and supports their lifestyles. This is what puts the ‘dream’ in Dream Home.
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 October 2023 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
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*Love Canadian Housing? Check out Steve’s University Student Mentorship site called Canadian Real Estate Housing and Home which focuses on architecture, landscape, design, products, and real estate in Canada.