What's Going to Happen in Toronto Real Estate in 2016?

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Welcome to 2016! Today we are sending out our first update on the 2016 Toronto housing market. Many of you have been seeing in the news that in terms of home sales and home prices, 2015 was huge. Can we expect more of the same in 2016? We've been getting a lot of questions about it, and today we're going to clear things up.

We are anticipating another strong year of sales in Toronto. According to TD Economics anticipates a 1-3% dip in home prices over the next 2.5 years. That dip hasn't happened yet, and may not until the end of the year.

As for what the market looks like right now, we have had a very strong start to the year. We've had 14 listings go on the market this month from just our office alone. January is starting out red-hot in Toronto, and we expect home prices and home sales to continue to go up, with prices dipping a bit later in the year. Another thing that may affect home prices is the unemployment rate. A 1% increase in unemployment could have a significant effect on prices.

The sellers we are helping that are on the market right now are thrilled with the offers they've been getting and in many areas, homes are selling in less than 2 weeks for full asking price or more.

If you have any questions, or have been thinking about buying or selling in Toronto, give us a call or send us an email. We look forward to hearing from you!

Why work with us?

Rene and Sunny Ahmad are your Toronto Peel Home Team. They are available for buying and selling real estate throughout Southern Ontario. Their particular expertise is in the Toronto and GTA West real estate markets. With over 17 years experience in the real estate industry and a professional, honest and ethical business practice, Rene and Sunny have the experience and the know-how to handle your home transaction.

Homes aren't the only thing that Rene and Sunny are experienced in selling. They are also available for assistance in listing and selling commercial property such as motels, small businesses, and income properties. They are expertly trained by leading real estate coaches and mentors to provide premium service in every way. Please feel free to contact us via phone or email at anytime and we will be glad to show you how father and son will get it done!

The Renè Team
RE/MAX Realty Specialists Inc.
4310 Sherwoodtowne Blvd., Suite #200
Mississauga, ON
L4z 4c4
(905)456-3232
theReneTeam@gmail.com

The Rene Team Testimonials

Click to hear recent
testimonials from happy clients

Duc - "We had awesome results. He was very active and helped us out a lot. Everything was very quick and he helped me deal with the seller. We went to him with any questions we had and anytime, nighttime or after work, he would respond and help out right away."

Marion - "They were excellent in trying to find us what we wanted when we were moving and in selling our home. They went through everything for the sale and did an excellent job of keeping us informed of what was going on. When we were looking for a new house, we wanted a certain area but nothing was for sale. Rene went around and started knocking on doors until they were able to find something for us so I couldn’t have asked for a better experience!"

Tracy - "The Rene Team sold my home and also helped me buy an investment property. With the investment property, Rene managed to find me something that was originally what I was looking for, but ended up being a better investment for me. Even now, almost 3 years later, the property had appreciated quite a bit. He ended up teaching me that it was a better opportunity and help make me more of a real estate investor."

Anonymous - "We had a pleasant experience. He was very friendly and nice to me and I don’t think he had too much difficulty. He did the job that he had to do and it was very easy to communicate with him."

Joanne - "They sold my home very quickly and I was able to get more than my asking price! He was very quick to respond to my phone calls and emails so he was very responsive. He even lined me up with a stager which I think certainly helped with getting the house sold quickly. We did an open house the first weekend it was up for sale and he recommended that we should hold out and have the bidding on one day which I think helped me get more than the list price."

Aneesa - "The Rene Team was able to get me into the house that met the requirements of both my husband and myself. They were always available to answer any questions we had and it didn’t matter what time of day we asked. They just responded quickly and we really appreciated it!"

Greg - "We were able to by the condo that we wanted and needed so the results of our experience with the Rene Team was very good. Rene really went above and beyond for us the entire time. He was just awesome, he had great energy and personality so he really was a cut above."

Zaida - "They really went above and beyond to help me get out of the mess that I was in. I was selling my house for under the amount to clear the mortgage because I wanted to get out of the debt that I was in. He would call to find out exactly how much they would take to get me out of my mortgage and he really helped me walk out with just a small loan. He’s honest, truthful and he really tried every avenue for me. I really appreciated everything he did for me."

James - "I got the house I was looking for! We actually made an offer on another house, and we were undecided. So I asked him, and he gave me his honest opinion. I could tell that he truly had what we were looking for in mind. We had put a deposit on this first house, and Rene worked so hard to get that deposit back for us, since we had put another offer down on the house we wanted."

John -"I was more than satisfied with Rene. He was very concerned with my needs. It was like he was a friend who was just trying to make a sale a lot easier for me. There were a few times when other agents went into the house and left the lights on or drawers open when they left. All I had to do was call Rene, and he said he would get it taken care of. He made me feel comfortable. It was like I knew him for a long time!"

Rosana -"The results were amazing. He did a lot of marketing, and he got my house out there right away. They’re really good!"

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What's Going to Happen in Toronto Real Estate in 2016?

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