September 2008

How Will the Financial Meltdown Affect the Toronto Housing Market?

by Rosalin Smith Carr September 30, 2008 Toronto Real Estate

Yesterday I was having a conversation with some clients who were discussing the impact that the recent financial tsunami might have on the Toronto real estate market. Before the Wall Street crisis, our market had already begun to slow down.

How did we get …

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Why Retiring Baby Boomers Hold The Key to The Future of Housing Prices in Canada

by Rosalin Smith Carr September 29, 2008 Toronto Real Estate

Let’s face it, with the world’s financial markets in free-fall one day and soaring the next, and the impact of the largely American sub-prime meltdown on the Canadian real estate market still uncertain, it’s not surprising that many current and aspiring homeowners have …

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More Homes for Sale and Fewer Buyers – The New Challenge for Home Sellers

by Rosalin Smith Carr September 26, 2008 Tips for Sellers

True, you may be kicking yourself for not selling your home last year when the market was hot and sellers had the advantage. But selling in a buyers’ market need not be a traumatic experience.

Just keep in mind that with more …

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Top Seven Most Offensive Home Buyer Turn Offs and How to Avoid Them

by Rosalin Smith Carr September 25, 2008 Tips for Sellers

Toronto’s housing market has made a 180-degree turn from a sellers’ to a buyers’ market. That means that buyers are now in the driver’s seat.

What worked in the buying frenzy pre-2008, won’t work now. This is especially true for you as a home …

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Buyer Sues Real Estate Agent Because She Overpaid for Her Home

by Rosalin Smith Carr September 19, 2008 Tips for Sellers

I overheard the following conversation between two agents at my office a few days ago: “Did you hear about the buyer in the States who is suing her agent because she claims she paid too much for her house?” To which the other colleague …

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Single Biggest Mistake Home Sellers Make in a Buyers Market

by Rosalin Smith Carr September 18, 2008 Tips for Sellers

Your mother probably warned you to stay out of the sun or you might get burned due to overexposure. Well, I’m here to warn you that overexposing your home to the market could burn you too.

When I show a home, the firt two questions …

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Leaside Homes for Sale and Average Price – September 2008

by Rosalin Smith Carr September 15, 2008 Leaside

Home sales in Leaside comparing August 2007 with August 2008 using total homes sold, average sale price and days on the market.

It is important to point out that these one month statics do not necessarily reflect a market trend. To keep abreast of home sales in Leaside …

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Why Toronto Housing Prices Are at Risk

by Rosalin Smith Carr September 14, 2008 Tips for Buyers

History does repeat itself. The question is … do we heed any of its lessons?

For those of us who have been selling real estate in Toronto for more than two decades, the unfolding chain of events we are beginning to see in the financial sector …

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Lawrence Park Homes for Sale and Average Price – September 2008

by Rosalin Smith Carr September 13, 2008 Toronto Real Estate

-

August 2007

August 2008

Percentage Change

Homes sold

3

1

-

Average price

$2,966,667

$3,595,000 (*)

Days on market

6

7

Address
Type
Style
Bedrooms
Washrooms
List Price

71
Buckingham
Detached
1 1/2 St
4
2
1549000

52
Glengowan
Detached
2-Storey
3
4
1569000

28
Glengowan
Detached
2 1/2 St
4
4
1570000

9
Lauren
Detached
2-Storey
4
5
1595000

2
St Leonard’s
Detached
2-Storey
3
4
1597000

120
Buckingham
Detached
2-Storey
4
4
1597500

35
Strathgowan
Detached
Bungalow
3
3
1695000

270
Dawlish
Detached
2-Storey
4
3
1729000

48
Glengowan
Detached
3-Storey
5
6
1875000

20
Buckingham
Detached
2 1/2 St
5
4
1895000

179
Dawlish
Detached
2-Storey
4
4
1895000

46
Cheltenham
Detached
2-Storey
3
4
1925000

33
Daneswood
Detached
1 1/2 St
4
5
1998000

43
Sunnydene
Detached
2-Storey
5
6
2295000

32
Stratheden
Detached
2-Storey
5
6
2749000

267
St Leonard’s
Detached
2-Storey
5
5
2799000

106
Glengowan
Detached
2-Storey
5
5
2995000

25
Lewes
Detached
2-Storey
4
6
3050000

164
Rochester
Detached
2-Storey
5
6
3195000

41
Stratheden
Detached
2-Storey
4
7
4895000

7
Ridgefield
Detached
2-Storey
6
7
5995000

It is important to point out that these one month statics do not necessarily …

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Prime Mid-Town Toronto Home with Five Car Parking Available for Sale

by Rosalin Smith Carr September 12, 2008 Featured Listings

Circa 1910 wonderfully spacious three storey with prime mid-town address! Steps to Yonge St. with Rosedale boutiques, restaurants, ramsden park and subway.

Located on a premium 26.17′ x 140′ south lot. Slate floor foyer enters to open concept living and dining rooms, powder room and an …

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