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Will the Prices Settle Down in 2017 on homes in York?

Financial Analysts, Real estate professionals, Industry speculators and the media seem to concur that home prices remain on the rise in Toronto.  The calculations have conveyed the numbers may not be as high as a 20 per cent increase with interest rates rising but reports are not indicating any value down turns.  

The GTA (Greater Toronto Area) has experienced consistent home price increases due to a constrained supply of homes for sale versus steady demand. Looking closer at the Aurora Market,  Buyer pressure has been continuous throughout 2016 and each month of the year showed improvements over the prior year results.  

York Region is an area rich in desired greenspace, new home construction, affordability, comprehensive growth plans and growing approvals in all of the communities and is situated well near the 400 and 404 Highways with transit improvements also continuously addressed strengthening our link to Toronto.  

Sellers have the challenge to decide where they want to move next in this hot market.  Knowing their homes market value is important as is maintaining that value with upkeep, renovation and improvements.  If considering Selling, contact a real estate professional to provide more information on your homes present value.  Buyers and Sellers may also request more information on the individual communities of York region and beyond and their development plans and market values. 

Decisions made empowered with fact based information is one of the best ways to make your next real estate move.  

 

– written by Connie Power  

Connie Power is a Real Estate Sales Representative SRS® ABR® SRES® and Mentors and Develops New Real Estate Sales Representatives for RE/MAX Hallmark York Group Realty Ltd.,  Brokerage serving York region and beyond. 

EmPOWERing YOU in Real ESTATE, Call Connie today to make an appointment to discuss your next move at (905) 726-0856.

**Not intended to solicit those currently under a real estate contract