Karyn and Daniel | Purchasing Real Estate in Toronto

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Karyn Filiatrault: 416-888-1844 | karyn@homesweetkaryn.com

Daniel Lipton: 416-464-3806 | mail@daniellipton.ca

Why would you purchase real estate in Toronto? Well first off, Toronto is just simply an amazing city and a fantastic place to call home. When I left BC for Toronto back in 1999, I was just like everyone else in thinking that Toronto was just a vast concrete jungle. I was really wrong…

What I eventually came to realize is that Toronto is a global powerhouse made of up unique neighbourhoods, great parks, tremendous coffee and incredible restaurants. It’s our city island. It’s great sports teams. It’s the definition of multiculturalism. It’s ideas. It’s patriotism. It’s terrible weather (but that builds character). With all that going for it, who wouldn’t want to purchase real estate in a place like that?

But financially speaking…

Thanks to our government and banking sector, Canada avoided much of the fallout from the global financial crisis and U.S. housing market collapse that we recently had in 2008, thus re-demonstrating to buyers and sellers that this is a stable place to invest.
We have been very fortunate to have had stable, low interest rates for quite some time now
We live in a country whose conservative banking system is looked upon with strong respect from big money around the world
As Toronto grows and the “Manhattenization” effect caused by vast numbers of people choosing to live downtown increases, so does value on properties.
The greenbelt around the city has a limited sprawl and the Great Lake to the south prevents expansion in that direction.
The City of Toronto and many surrounding municipalities are committed to increasing density.

Toronto is a city of neighbourhoods. You can get the best souvlaki on the Danforth, best brunch in Leslieville, best perogies in Roncesvalles, see cherry tree blossoms in High Park, party in the entertainment district, drink the hippest cocktails on Ossington, eat ice cream and then buy a toy for your child a block from your house in Lawrence Park, shop name brand in Yorkville, it goes on. Each neighbourhood offers something different, which makes purchasing real estate here not only a good investment, but also an exciting adventure as you look to find the perfect home in the perfect neighbourhood for you.

But right now, it isn’t easy to get that new house here, especially for a first time home buyer. Right now, Toronto is considered to be a seller’s market, which means that the sellers are in charge. You’ve probably heard about people overpaying for houses by ridiculous amounts, heard about bidding wars, and heard about tonnes of offers coming in on a single house. All of these things, as difficult and frustrating as they may be, are all part of purchasing real estate in Toronto right now.

Hold on though. Don’t just close this page and think that you’ll never be able to buy a house here, because that just isn’t true. Even though it might be a more difficult process than you anticipated, you’ve got something those other buyers don’t have: you’ve got someone in your corner that cares about you, someone that understands the Toronto real estate biz, someone that knows the neighbourhoods and the home values. You’ve got an experienced agent that has been through more bidding wars and negotiating sessions than some of those other agents can shake a stick at.

I’m talking about me of course, but don’t let that let you think that I’m full of myself and that I think I know everything. The point I’m trying to make here is that while I certainly do understand what the Toronto real estate market is going through right now, and I have a tonne of real-life experience working within it, I’m also a thoughtful, knowledgeable, down-to-earth person that knows and understands the real estate buying process and knows what purchasing real estate is like, but still works hard every single day to be a realer type of real estate agent.

Thinking about buying? We want to help you find the perfect new home that’s just perfect for you.

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