GTA REAL ESTATE BLOG BY ORKHAN RAGUIMOV
Today, RE/MAX Ontario published its 2014 Market Outlook for Greater Toronto Area. After a strong 2013, 2014 is expected to be even stronger in most parts of GTA. Prices are expected to edge up by 6% to an average price of $550,000 by the end of next year.
Naturally, when shopping for a mortgage, one looks for the best interest rate possible. The amount of interest is the price you are paying for the mortgage, so the lower your interest payments, the better off you are. Is that always the case?
There’s no denying that home renovations can increase the value of your home. According to the Canadian Home Renovation Survey a kitchen or bathroom renovation can be expected to nearly double the amount you invest.
While on the surface it might seem that overpricing your home is a good idea, the results show otherwise. Whether you are new to selling or not, read on, this will apply to you at some point!
What is happening with York Region Real Estate? Well, that depends on where in York Region you live. Prices, compared to last summer are up anywhere from 1.82% on the low end in a town like Markham to over 10% in East Gwillimbury (N.E. of Newmarket).