Toronto Trends for 2018

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I am extremely proud to work as a Real Estate Broker for Royal LePage, “Canada’s real estate company” and trusted source of information for over 100 years.

The most recent quarterly Royal LePage House Price Survey names 2018 as the “year of the condo”, and our President, Phil Soper, states that condos represent the last bastion of affordability in an expensive city.

For first-time home buyers looking to break into the housing market, a studio or one-bedroom condominium is the way to do it. For home owners looking to retire, or couples needing more space as their families grow, demand for larger 2- and 3-bedroom condominiums will also increase.

The term “peak millennials” is used to describe the largest group of millennials, born between 1987 and 1993, who are reaching the age where many want to purchase their own home. This and other factors expected to affect Toronto’s market are addressed in a CBC article forecasting trends for 2018.

Real estate continues to be a solid financial investment, regardless of your stage in life. There are creative solutions for young buyers looking to get into the market, which may include purchasing small homes with rental units, or pooling resources with friends or family to purchase duplexes. There are also great opportunities for homeowners looking to leverage their equity to purchase additional investment properties to rent out.

I house my license with both the Toronto and Hamilton real estate boards, and have successfully helped buyers and sellers throughout the entire GTA and beyond for nearly fifteen years. I love what I do, and I’m always here to help you achieve your real estate goals!

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