Where To Buy and Sell in Greater Toronto Now
Where to BUY in Toronto This Week: It’s rare to see many listings on in the west end neighbourhood of Stonegate-Queensway at the busiest time of year. So for those looking to get into this area it might be worth striking in the dead of winter.
Why This Week: There are almost twice as many listings on the market in Stonegate Queensway right now as there was at the end of January in 2014, and while active listing in Toronto as a whole are down 17% from the end of November, inventory in Stonegate_Queensway is equal to what it was in late November (a busier time of year). It’s unlikely to see a large number of listings in this area at the best of times, so purchasing at a time when you typically have fewer Buyers to compete with could be a strategy that pays off.
Where to BUY in the GTA This Week: Take Lake Ontario west for favourable buying conditions in Burlington this week.
Why This Week: In 2014 Burlington typically made up around 3% of the GTA’s housing inventory, but it’s currently accounting for 3.6%, and listings are up 16% from around the same time last year. This increase in inventory is creating favourable buying conditions in Burlington and it’s uncertain how long they might last..
What you will find: Check out what homes are available in Burlington
Where to SELL In Toronto This Week: Selling conditions are expected to remain quite favourable on Toronto’s eastern border early on and throughout most of 2015. Neighbourhoods such as The Rouge, Highland Creek, and Centennial which form the border between Toronto and Pickering have become more popular in recent years while they continue to account for a smaller amount of Toronto’s listings.
Why This Week: These Eastern neighbourhoods have seen listings drop in the 30% range since the end of November. and active listings in the area are down close to 25% from around the same time last year. Conditions are highly favourable to Sellers, but are expected to remain favourable for some time.
Where to SELL in the GTA This Week: Uxbridge is located in the North East of the GTA and the lack of inventory early in 2015 is creating favourable selling conditions.
Why This Week: Active listings are down 47% from this middle of November and 33% from around the same time last year. The limited selection will help Sellers attract their desired price as competition among Buyers is intensified early in 2015.