As a Professional Engineer, I bring significant value to you with my ability to create systems to collect current as well as historical data pertinent to your needs and location, interpret the information, make sense of the past and predict trends.
Most real estate agents and the media depend upon the Toronto Real Estate Board for their statistics and their reports. They will tell you general information based upon the Greater Toronto Area or the 905 or 416 area codes which are made up of vastly different neighbourhoods, home types and demographics. These general market reports and charts are available to all agents and are commonly used in their newsletters, advertising and promotion materials. But what is happening at any given time in the neighbourhood that you are interested in and is it a good time to buy or sell?
We have researched and produced in much greater detail neighbourhood statistics and reports that are created using a combination of the streets in your area for over 20 years. With this targeted, historical data and taking into consideration immigration, current events as well as demographic movement within Toronto, we predict where your neighbourhood will trend in a more realistic and professional manner.
Why in the first half of 2019 in Lawrence Park has the average price fallen 2.4% to $3,656,000 and the number of homes sold by 29%? Where did the buyers go? What demographic and financial occurrences have impacted this market but not Rosedale where prices have risen 7.16% to $4,022,000 and homes sold declined only 5%. In 2016 the average home in Lawrence Park was about 25% higher than Rosedale and now it is about 10% lower. Is this the time to buy or sell?
The trendy Trinity Bellwood area has averaged 10% increases per year over the last 8 years. In the first 6 months of 2019, the average price ($1,607,000) is for the first time higher than Davisville Village. Ten years ago, the Davisville area was worth 26% more. What has made this location so desirable? Who is buying?
Expect your real estate professional to be able to take localized raw data, analyze it and interpret it so that you can make a more informed decision when it concerns often our largest asset.
Please call for a confidential discussion of your home or neighbourhood.