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Noteworthy Housing Trends of 2018

We can all agree that the housing market throughout Toronto and the GTA has changed dramatically over the past few years. Not only financially, but also when it comes to the needs and wants of home buyers. Whether you’re a first-time home buyer, or a retired home owner looking to downsize, keep reading to see 2018’s most popular housing trends when it comes to home features, design and neighbourhood amenities.

FEATURES

Smart Homes

Smart homes are continuing to get smarter and we don’t see that stopping anytime soon. Linking all devices in your home together harmoniously to your smartphone is more than just convenient, it’s brilliant. Not only does it make your life easier, but safer too. Cameras connected to your smartphone allow you to monitor your home at all times. As a home buyer, consider looking into listings that offer homes with these technological advancements to get the most bang for your buck.

Energy Efficiency

Home owners are realizing the huge impact that even minor energy saving tips can have on their utility bills. People looking to buy a home should keep an eye out for energy savers like houses with two airtight doors. This double barrier keeps outside air from entering the home, saving you money on heating and cooling. New appliances are also more energy efficient than older ones, which is something to keep in mind when looking into purchasing a home.

Storage

Built in storage space has become a necessity for home buyers. Houses with built in shelves, high cabinets and large closets allow for maximum storage space, reducing clutter around the home. It’s also important to remember the garage when on the hunt for a new home. Garages with shelving make storing necessary items much easier.

DESIGN/STYLE

Condos & Smaller Homes

2018 is all about simplicity. Home buyers, especially millennials, are interested in purchasing condos or smaller 2-3 bedroom homes. A smaller home means less maintenance and more time to spend with family and friends.

Open Floor Plan

Studies have shown that home owners want open, well-ventilated spaces within their homes. Walled off rooms not only make the home feel smaller, but also limit convenience getting from one room to another. Open floorplans make the home feel larger and allow for better communication between family members within the home.

Kitchen

Finding a home with an extended kitchen and entertainment area is becoming more important. Kitchens have become the hub for families. Coming together to eat or entertain guests happens often, so home buyers always appreciate more kitchen space.

Outdoor Living Space

A home with an attractive outdoor space automatically becomes more appealing to home buyers. This space doesn’t have to be large, but a deck or balcony that is designed well allows home buyers picture themselves in that space with family and friends.

Windows & Natural Light

Homes with large windows, and lots of them, make the home much more attractive to potential buyers. Natural light illuminates a room and can instantly brighten the mood of people who walk inside of it.

NEIGHBOURHOOD AMENITIES

Amenities surrounding a home are just as important as the home itself. Families looking to relocate want to be close to everything they need. Some of the most sought-after amenities when looking to purchase a home are:

  • Easy access to public transportation and/or highways
  • Doctors and dentists
  • Schools and libraries
  • Casual and fine dining spots
  • Shops and entertainment
  • Family friendly attractions

Finding your perfect home isn’t easy. There are lots of things to consider and plan out each step of the way. Spectrum Realty can make the transition to your new home easy and stress-free. Contact us today to find your ideal home.

Spectrum Realty Services Inc., Brokerage

8400 Jane Street Unit 9, Vaughan, Ontario L4K4L8
Email: reception@spectrumrealtyservices.com
Office: 416-736-6500
Fax: 416-736-9766

Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.

Toronto Real Estate Board - IDX Last Updated: 11/15/2018 1:14:59 PM