How Is the 2017 Toronto Real Estate Market Shaping Up?

How is the real estate market doing right now? How are things shaping up for 2017? I’ll give you my market forecast today.

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One of the most common questions we get this time of year is, “How is the market doing? How will the market be this spring?”

First of all, I’m coming to you from our office. I’m here late because we’re working on another listing that we’re taking, as well as negotiating two offers. This pace has continued right through the holiday season.

A lot of that is driven by the fact that prices are still high, especially compared to 2014 and 2015. For the last couple of years, prices have grown. In fact, prices went up almost 24% across the greater Toronto area. That is a tremendous increase, and a lot of people are taking advantage of it by downsizing, moving up North, or moving to a cottage.

The market seems to be very strong right now. The changes in interest rates haven’t affected the market as much as we anticipated. Although a lot of first-time buyers got pushed out of the market because they couldn’t afford the rate increases, the markets in higher price ranges, like $600,000 and above, haven’t been affected.

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The market is very strong right now.

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As we continue into 2017, I expect that the market will be very strong. We have the lowest inventory that we’ve seen all year, so if you are thinking of selling your home, now is a great time to put your home on the market.

If you have any other questions about the real estate market or about selling your home, give me a call or send me an email. I would be happy to help 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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How Is the 2017 Toronto Real Estate Market Shaping Up?

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