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Trends in Choosing Residential Listings

If you’re looking to buy a home, you may be wondering what the current trends are for choosing residential listings. Navigating different homes and properties can be a difficult task with all the options out there. Many people get overwhelmed with trying to narrow down their options and find a home that’s ideal for them. However, there are many trends in choosing residential listings and you’ll want to become familiar with them, so you can buy the home that is best suited to your needs.
 
Consider What Type of Home to Buy
 
According to recent home trends, home sales are all over the place, but condos are dominating the market in urban areas like Toronto and Vancouver. Buyers option for condo living because it is a more affordable option, and condo sales are always soaring. Since home sales are becoming so unaffordable for many, there are more condo options available, and less options in terms of houses and townhouses. 
 
Keeping it Local

Another trend for choosing residential listings is by determining what local events are important to you, as well as events you have attended. To find out more, you can always search websites in the area you are interested in and sign up for any updates. It is also essential to stay up-to date on local festivals with a sense of community. Once you figure out what is important to you, this can help decide on what area of town you want to live. It is also crucial to think about health and lifestyle options. Consider where your favourite restaurants are, if there are grocery stores nearby, gyms or activity centres, and other activities such as hiking. 

You may also be interested in what parks are close by, and what options there are for nightlife and entertainment. Another option you might want to consider is local getaways and day trips. You may want to find a place in an area where it is easily accessible to get out of town somewhere nearby for a mini vacation.

If you have children, discover what areas have schools nearby, and how well those schools are performing. In addition, you may want to research if there is any news about a specific school, or any details that a person in that neighbourhood would want to know. You could also compose a detailed list about what schools are ranking best in your city.  

Housing Trends

Housing trends are constantly changing. You must do your research and discover whether home sales are going up or down, and whether it is the right time to buy. You may also want to look into mortgage rates and whether they’ll affect your purchase.

Home Features

A part of the decision-making process when buying a home is discovering your must-have home features. Some home features could include a pool, views, and unique features like a helipad or secret passage. Determine what features will coincide with your budget and make a list of items that are non-negotiables for you.

Maintaining a Home

When you are in the process of searching for a new home, look closely at whether or not the home requires a lot of maintenance. If your future home needs a renovation, you may want to find a different home. However, if you love projects and are looking to fix up a home, then be sure to look into the process. Ask your REALTOR™ if they recommend anyone for home renovations, or what knowledge they have about what areas are the most important to renovate to increase home value.  

Some homes have landscaping that can require a lot of work. Many people do not want to take on landscaping, as it can be a lot of work, so make sure you know what the landscaping maintenance entails.

Other Factors to Consider

If you are looking for work, moving to an area where there is a lot of work would be a good option. Check and see if a major business opened in your area, and if the job opportunities would be valuable. Also, many people want to live somewhere with a good walkability score or is near transit. Many people need to commute so having convenient transportation is necessary. Considering area and commute times should factor in to your decision.

If you’re concerned about safety, be sure to look into the local crime rates. See if these rates have gone up or down and research the safest neighbourhoods in your city. 

Choosing Spectrum Realty

Now that you know the latest trends in residential listings, you’ll want to work with reputable real estate professionals in your home search. If you are looking to buy real estate in Toronto or the GTA, Spectrum Realty offers exceptional, detailed real estate services. Our team is dedicated to each and every one of our clients. We want to ensure our clients get everything they need out of their home buying experience.  

Navigating Toronto real estate listings, both commercial and residential, can be a daunting process. At Spectrum Realty, we take a cutting-edge approach to customer service and will provide complete listings for homes with photos, a map, and home features.

Feel free to browse real estate listings through our website. Our listings are clear, easy to navigate, regularly updated, and readily available. We know that the real estate market is always changing and that searching for properties can be an intimidating process. We make it easy for you –– contact us today to speak with an agent or call us at 416-736-6500.

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: 12/13/2018 8:44:29 PM