July Market Recap: “June Market Report: Market Heats Up for the Summer Season.” If you haven’t checked out our latest market report, click here!
What’s On in Toronto This August
Lamenting that it’s August already? Shush. Fall is still miles away and summer is very much at its peak – as are summertime festivals, fairs, and other hot-weather festivities. Squeeze every last drop out of summer with these four must-do August events.
Admission is free to the Toronto Food Truck Festival, taking over Woodbine Park August 2 to 5. Roam from truck to truck sampling a diverse range of dishes, then take a break and listen to some live music. More:Toronto Food Truck Festival
The Toronto Caribbean Carnival’s Grand Parade is always the highlight of the month-long celebration of Caribbean arts and culture. On August 3, grab a prime viewing spot along the parade sidelines and get ready to cheer and shimmy as you take in the masqueraders, steel pan bands, and incredible costumes. More: Toronto Caribbean Carnival’s Grand Parade
From August 9 to 11, Danforth Avenue shuts down for Taste of the Danforth, one of Toronto’s most beloved summer street festivals. The annual event has something for everyone; namely, mouth-watering Greek food, traditional music and dance performances, and games and rides for the kids. More: Taste of the Danforth
No summer itinerary is complete without a visit to the Canadian National Exhibition. The CNE rolls into town on August 16 and winds down on Labour Day. If you’ve been to The Ex before, you know the drill: a huge midway, over-the-top snacks, all sorts of games, live music, the air show and SuperDogs. More:Canadian National Exhibition
Non-Traditional Solutions to Rising Real Estate Costs
The cost of Toronto real estate is so high that property can feel unreachable to new buyers. Some choose to start out in the suburbs, where prices are slightly lower. However, there are some non-traditional solutions for breaking into the city market that may do the trick.
Narrow building lots are rare in Toronto, but some people have found them and used stacked shipping containers to build the house of their dreams. There are companies that specialize in just such creative modifications, turning steel shipping boxes into shiny, skinny houses.
Other buyers have come up with yet another creative solution: property sharing. While one couple may lack the funds required to buy a house in the city, two couples may have sufficient dollars to make it happen, with enough left over for the modifications they need to make the arrangement work. Of course, everyone must be in agreement about mortgage payments, parking arrangements, emergency plans, buyouts and so forth, and everything should be in writing. A joint venture agreement safeguards all parties and makes the plan a practical one.
Some buyers have chosen to go with “Options for Homes,” a non-profit organization that provides no-interest loans for condos. When the buyers sell, they pay back the interest on the loan. But since property values rise so quickly in the city, it’s a very good deal, making home ownership a reality for many buyers who could not otherwise manage it.
Buying a house in Toronto may feel impossible, but with serious creativity, it can be done!
Wondering What’s Happening in Your Neighbourhood?
How has the price of your home changed in today’s market? How much are other homes in your Neighbourhood selling for? Do I need a house inspection? These are all critical questions that shouldn’t be overlooked when thinking about buying or selling your home.
Whether you’re curious about prices in your area, whether it’s an excellent time to sell, or just need an expert to answer your questions, we can give you the tools and offer guidance through the entire buying or selling process.
Let us know how we can help by simply giving us a call to set up a time to connect. We won’t waste your time – we’ll just give you the honest facts about your home, it’s value and what’s happening in your Neighbourhood.
Ask an Expert a.k.a. Us!
How do I know if I’ve found the right house?
Buying a house is probably the most significant purchase you’ll ever make. With so many options, it can be challenging to choose just one. To determine whether a home is right for you, ask yourself a couple of key questions about each property.
Does the home meet my must-haves? Write down a few deal breakers that a property must offer, and stick to these priorities to determine if a home is a good fit.
Does the home offer potential? Consider your future needs. If you’re planning any life changes, keep these in mind. As you weigh it’s potential, also consider any “wants” that the home doesn’t have. If it meets all your must-haves but is lacking a few wants, does it have potential? For example, paint colours and carpeting can be changed. The number of bedrooms is harder to adjust.
We’d be happy to meet with you and discuss what you’re looking for in your future home. Just give us a call to get started.