The stats are in for last year and while it started slowly, sales actually accelerated in the second half with 2% more homes being sold than in 2012. Not even one of the most devastating Ice storms in Toronto's history slowed the real estate market in Toronto and area in the final days of 2013. Over 300,000 homes were without power, some for more than a week. Unseasonably cold weather could see a slow start to 2014
The average selling price for 2013 as a whole was $523,036, which represented an increase of 5.2 per cent compared to the calendar year 2012 average of $497,130.
As we dig out from the snow and ice, inventory levels will likely stay low. It's tough to get warmed up and motivated to get your home ready for sale. However if you do, there are hundreds of buyers with low interest mortgages in their pockets ready to buy.
To make it easier for buyers this year, we are reintroducing our "Top 5 Best Buys" system and programme for all Fine Life Team Members. To find out how you can become a member Follow This to see if you are eligible to join this elite group of real estate buyers, sellers and investors.