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With more than 40% of Toronto adults now having had both vaccine shots, national and provincial pandemic restrictions are easing; we are actually becoming optimistic that this could soon pass! Instead of channelling that new freedom and energy into rigorous house hunts or into preparing their homes for sale, Torontonians seem to be taking a much-deserved vacation – going on hikes, sitting lakeside, sunning on beaches, and congregating on patios.
Summer 2021 – in opposition to the frenetic energy of the same time last year – is once again feeling like a regular Toronto summer, where real estate sleeps during the muggy smoggy months. The traditional seasons of real estate were diverted by COVID-19 in the same way that a river is split by a large rock dropped in its path. But, the water is finally finding its age-old riverbed again, which means we better buckle up for a return to Toronto’s traditionally red-hot Fall market!
2021 is becoming one of the bumpiest years for the Toronto housing industry, with jarring ups and downs. Be assured that we’ll be monitoring and reporting on everything related to Toronto real estate while continuing to discuss and debate the many facets of house & home! Bookmark the Urbaneer Blog, and we’ll keep you informed!
Here is what you’ll find inside our June 2021 E-Newsletter:
April’s installment of our Dear Urbaneer series is entitled, ‘Dear Urbaneer: What Happens When I Sell My Renovated Property Without Building Permits?‘ This month, a client is on the brink of beginning a set of renovations on her home – a few by her own hand and others under a contractor’s skilled eye. But what of permits? She is wondering about the implications of doing renovations without the proper permits – particularly when it comes time to sell her property. Steve has a lot of valuable advice on this subject, much of it based on personal experience! Read on!
The Urbaneer Team posts several blogs each week, where we share our love of all things real estate and Toronto! Here are four of our top read posts this month. According to Urbaneer.com’s monthly analytics, our most-read blog was ‘Bidding Wars And The Psychology Behind The Hyper-Competitive Toronto Real Estate Market‘. Here we dig a bit deeper into the psychology of real estate, particularly the blind bidding war process that has been a staple of the Toronto housing market for nearly two decades. The long-standing mismatch between supply and demand in Toronto has made the blind bidding war a fixture for a generation. However, the pandemic-fuelled super hot real estate market that fired on all cylinders across the country from Summer 2020 through Spring 2021 brought the bidding war process to several locales that have rarely experienced this kind of competition. So, we wanted to break down the various factors – psychologically speaking – that fuel this phenomenon.
The second most popular post was ‘Toronto’s Booming Technology Economy And Our Real Estate Market‘. As the world becomes more firmly dependant on and interwoven with the new post-industrial economies, Toronto is increasingly a hot spot for tech development and investment, mostly because we’re arguable the Canadian city most obsessed with the zeitgeist of NOW. For the most part, we’re young, liberated, progressive, inclusive, tolerant, multi-cultural, forward-thinking, engaged, polite, respectful, competitive, fair, and on the cutting edge of mood. What companies have come calling, and who are the power players in our technology economy? Find out here!
We also had an excellent response to our post, ‘Who Wouldn’t Love This Kitchen In The Button Factory At 200 Clinton Street, Toronto?‘. Standing in the kitchen of our sun-drenched vintage brick and beam loft listing The Button Factory – one of the first adaptive reuse conversions I was engaged in back in the mid-1990s – Steve had a moment of envy for the future Buyer he was showing the space to. Struck by how much perfection exists in that space – its design, utility, and sheer beauty – we decided to showcase it in its own blog! The future resident chef is sure going to have moments of extreme gratitude as they express their culinary creativity!
When we brought a handsome Edwardian duplex to market in the third week of April, only the most serious of Buyers were viewing properties; it was critical we ensured our pricing strategy and marketing program were on point. We can assure you, selling real estate during a global pandemic is definitely a challenge! That’s why we’re so proud of the end result and this blog that showcases our “win”: How Urbaneer’s Toronto Real Estate Marketing Program Sold This Roncesvalles Duplex In The Pandemic
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 June 2021 E-Newsletter here!
We LOVE Toronto real estate!
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*Love Canadian Housing? Check out Steve’s Student Mentorship site called Houseporn.ca which focuses on architecture, landscape, design, product and real estate in Canada!