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As the Toronto real estate market continues to oscillate in both seasonal and unpredictable ways, we are watching closely to see if the momentum from the explosive Spring market will carry through into the Summer months. Vaccine roll-outs, national and provincial pandemic lockdown measures, buyer fatigue, and a lack of housing stock and new listings are all factors that are contributing to the ups and downs that Buyers and Sellers are facing daily in Toronto. 2021 is proving a dynamic year! 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 May 2021 E-Newsletter:
April's installment of our Dear Urbaneer series is entitled, 'Why Do Toronto Real Estate List Prices Go Down Then Up, As Much As Up Then Down?' In our May installment, I assist a client who finds himself somewhat baffled by Toronto real estate listing prices, including how and why a realtor sets a particular list price, why the properties garner the sums they do, and why a list price sometimes increases when a property is brought back to market after failing to sell at the lower, original price. In my response, I address selling strategies, intentional pricing, MLS listings versus Exclusive listings, and then pad it all with examples of recent Toronto sales! For the inside scoop, take a peek!
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 'Going East: A Toronto Real Estate Exodus To Atlantic Canada'. As the K-shaped economy reveals the inequities that inherently exist within our economy, and the pandemic exacerbates these differences, those privileged to own Toronto real estate have been able to take advantage of low-interest rates, the freedoms associated with Working From Home and skyrocketing real estate values spurned by blind bidding wars, to reevaluate their priorities. The pandemic has invited those who can and choose to initiate the next chapter of their lives - however that might be defined - to make haste. The result? Over the past year, a lot of people have sold their existing dwelling and purchased a new one, often in a location that is different than they may have otherwise chosen pre-pandemic - in a new neighbourhood, outside the city, or even across the country! This is a story of one such exodus!
The second most popular post was 'About Vintage Brick & Beam Factory Conversions & Concrete ‘N Cool Contemporary Lofts In Toronto'. Featured in the media as the epitome of urban domesticity, living in a vintage brick and beam factory conversion or a clean-lined concrete 'n cool contemporary loft represents the dream urban space for many. Lofts in all their forms have become an established niche of the Toronto real estate market over the past three decades and, as good fortune would have it, I've been engaged in Toronto's loft market since the early 1990s, including the concept, sales, and marketing of several adaptive reuse conversions in the City of Toronto. Let's talk loft love!
We also had an excellent response to our post, 'How Urbaneer’s Tailored Toronto Real Estate Marketing Program Sold This House During The Pandemic.' In this blog, we discuss the fact that only the most serious of Buyers are viewing properties for sale given the current state of the City, and how it was therefore critical that we ensured our pricing strategy and marketing program for this upgraded and refreshed Edwardian were on point. We can assure you, selling real estate amidst a global pandemic is definitely a challenge, particularly given all of the restrictions to the showing process, and all the required precautionary COVID-19 measures in place. This post reveals how we pivoted and managed to achieve a sale price far and above asking!
The sun has been shining on the City all week, and the days are heating up! As temps rise, so does our interest in outdoor recreation; stepping outside and simply breathing in the fresh, fragrant air never fails to elevate the mood, but there will be an extra spring in your step if you have a perfect park destination in mind! One of our favourite green spaces in Christie Pits, which we gush over in our post, 'Carefree At Christie Pits Park'!
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 May 2021 E-Newsletter here!
We LOVE Toronto real estate!
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