Entries tagged with “properties”.


The number of home sales through the TorontoMLS system and the average selling price were up strongly in May compared to a year ago.

Total TorontoMLS sales for May 2014 amounted to 11,079 – a new high for the month of May. This result was up by 11.4 per cent compared to 9,946 sales reported in May 2013. The average selling price for these sales was $585,204, representing an 8.3 per cent year-over-year increase compared to the average price of $540,544 in May 2013.

We are now at the peak of the spring market when we generally see the greatest number of sales and the highest average selling prices. Based on the May statistics, buyers have been more active this spring compared to last year. Despite strong price growth so far in 2014, many households remain comfortable with the monthly mortgage payments associated with the purchase of a home, as borrowing costs have remained at or near record lows over the past few months.

Average selling prices varied across the Greater Toronto Area, depending on geography and home type. A detached home in the City of Toronto sold, on average, for $943,055. In the surrounding GTA regions, the average detached price was $648,439. The average price for condominium apartments was $401,809 in the City of Toronto and $307,307 in the surrounding regions.

The listings situation in the GTA did not improve this past May. With listings down and sales up compared to last year, competition between buyers increased. The result was price growth wellabove the rate of inflation, especially for singles, semis and townhomes.

It is also important to point out that even though the condo apartment market segment remains comparatively well-supplied, as new project completions have generally led to an uptick in listings, we have seen enough buyer interest to prompt strong condo price growth as well.

One problem many people have when they set out to find homes for sale in Mississauga is that they aren’t sure of what their needs are. Or, they think they have an idea, but really haven’t thought it through. This is the most important purchase of your life, so it’s absolutely key to do you due diligence to find a home that perfectly suits you.

That doesn’t mean you have to go it alone, however. You definitely need a professional and highly experienced REALTOR on your side. You see, it’s not at all uncommon for home buyers to not be sure of what type of homes they should be looking for. It can seem so confusing with all of the options out there. That’s not even to mention budget and size constraints!

When you work with a professional real estate agent like Lea Jensen, she’ll be able to point you in the right direction and give you clarity about what it is you want.

It’s a true shame, but there are some people who buy their homes without really thinking about their options or the future. For example, do you plan on expanding your family? You’ll want to factor that in when you consider what size home you will need. Do you need room for the kids to run around safety outside? You’ll want to consider getting a home that has a yard and is in a safe location.

You might think that you’ll just know the right home when you see it, but it’s really important to narrow things down first. That way, you’ll avoid wasting your time by looking at homes that aren’t really going to do it for you. You’ll be much happier throughout the process by narrowing things down.

That doesn’t meant that you won’t get that special feeling when you do find the right home! Even if the other homes you visit have everything you want, there is just something special that happens the first time you set foot in what will become your home.

Finding homes for sale in Mississauga is such a big step. Take the time to evaluate what type of home you want to end up in. Lea Jensen can certainly point you in the right direction so you end up in a home that is  perfect for you and your family.

Many people want to move these days, but aren’t sure if it’s the right time to sell a Mississauga home. Is it the right time for you and your family?

There are definitely a few things to consider. First, it’s important to understand that it can be a tough market out there these days. Mortgage companies have tightened their purse strings and many buyers are having to wait to look for a new home. That can undoubtedly impact how easily you are able to sell your home. Does that mean no one is buying?

Absolutely not! Good real estate agents are in contact with people who want to buy a home every day. The buyers are out there — and it’s more important than ever before to know how to attract them. With that out of the way, you need to decide if the time is right based on your own circumstances.

Consider what your reasons for wanting to move are. If it’s because you or a spouse has found a new job, that’s certainly a compelling reason. Turning down a job is something not many people are willing to do! The time might definitely be right if that’s the case with you. If you want to move because you’re ready for a larger or smaller home, the time may also be right for you.

Along with thinking about how much you might receive for your home, you should also think about what you might be able to buy a home for. There are some truly great deals in some areas right now, and you can definitely come out ahead in this deal!

If you want to sell a Mississauga home, you should contact Lea Jensen today. You need someone who will stand by your side every single step of the way. It’s all about knowing how to market and stage your home effectively to get the absolute best price for it. If you’ve decided it’s the right time for you, don’t delay, because you don’t want that perfect buyer to slip through your fingers!