Home Connections

The real estate market in Ontario, has been hammered like crazy in the last year or so.  Kind of like every where else in the North America or the world for that matter.  But, it would seem that some  areas haven’t been all that adversely affected.  The beaches area in Toronto for instance, still seems to be pretty hot.  A buddy of mine recently listed a home there for an asking price of around $600,000.  That seemed a little lower than what the asking price would have been a few years ago, but still pretty good.  The house had been cleaned up pretty good, and had a few nice upgrades.  The day of the sale had people and their lawyers lining up on the front lawn waiting to sign papers and hoping their offer was good enough.  The surprising thing, is the house sold in one day, and there were ten offers presented.  Basically a bidding war, as all bids were over the asking price.  The house ended up sell for $680,000.

Few housing markets in Ontario, could hope to demand this kind of interest.  Even few sections in the city of Toronto could hope to do so well for a home seller.  I must admit to being pretty surprised, as with the news of housing collapses in the US, I just assumed that the Canadian market would have calmed down as well.  Apparently, I was mistaken.  I can only hope, that when I decide to sell my hope someday, that I’ll have the same success.  I’ve been in my current home for 20 years now.  While, it can definitely be hard to sell a home you’ve be in for that long, with so many memories, sometimes circumstances dictate that it’s necessary.  I’m not there yet.

Tags: beaches toronto, home sales, Toronto Homes