Nicki Skinner

Hot Listings for First Time Buyers!

26 January 2019
Nicki Skinner

The quantity may be limited, but that doesn't mean the quality isn't there!


Looking to the year ahead

22 January 2019
Nicki Skinner

January is a great time to start planning your next move! Buying and Selling both take lots of prep, and understanding financing is a big part of both. Let's get talking!


(NOT) LIVING IN A RENTER'S PARADISE

25 August 2016
Nicki Skinner

You thought buying was hard? Try Renting!


MARKET UPDATE FOR THE WEEK ENDING JULY 1ST, 2016

05 July 2016
Nicki Skinner

It’s hard to believe that we’ve hit the half way point of 2016 already. It seems like just yesterday we were celebrating the start of the spring market. Ah, those were heady times, buyers sat patietly waiting for the impending influx of new listings to satisfy a hungry desire for a place to call home. Well, months later, many of those same buyers are still waiting. New listings barely trickled to the market causing more multiple offers than ever before, not just on houses but condos as well


MARKET UPDATE FOR THE WEEK ENDING JUNE 29TH, 2016

30 June 2016
Nicki Skinner

First we had Brexit and this week we have "schexit" also known as the last day of school (a unanimous vote to leave). For parents it means no more early morning rush to get the kids packed and out of the house. Traffic around the city gets a little lighter even with increased construction. But as we cruise into those hot summer months we have the opportunity to take a bit of a breather from our fast paced lives, take a trip out of town, enjoy some time sitting by the dock or under your favourite patio umbrella...unless you are trying to buy a house, in which case all bets are off.


MARKET UPDATE FOR THE WEEK ENDING JUNE 16TH, 2016

18 June 2016
Nicki Skinner

In real estate terms we call this time of the year the final push. It's that time for sellers to get into the market just before summer hits and thoughts turn to sipping beverages by the lake or taking the family on a summer adventure. Whatever your plans are, if you are a buyer, this is the time to consider getting into the market as new listings will tend to taper off over the next few months.


MARKET UPDATE FOR THE WEEK ENDING JUNE 19TH, 2016

17 June 2016
Nicki Skinner

Low interest rates, immigration, shortage of housing. These are the “go to” topics used to describe Toronto’s housing dilemma. Frankly we are starting to sound like a broken record these days. The truth is that while these are sources of a frustrating market, they don’t tell the full story of Toronto’s great housing success. Simple demographic shifts in population mean that over the next 20 years more and more people will be moving to cities and Toronto is one of the top destinations on the global stage. For the foreseeable future this could be the new normal.


MARKET UPDATE FOR THE WEEK ENDING MAY 27TH, 2016

31 May 2016
Nicki Skinner

The freehold market is once again feeling the pinch of tight supply. Consider that last year at this time, the downtown core had 476 available homes for sale. After ramping up at the beginning of the month, new listings have dropped by a marginal 2.5% to 316 while sales declined by nearly 73% (from 247 to 143 units). Most of this decline comes as a result of the recent long weekend; However, playoff fever has traditionally played a role in slower sales as well. With nearly 63% of homes selling at or above the list price it is clear that buyers are starting to adapt a more cautious attitude about entering into a multiple offer situation.


MARKET UPDATE FOR THE WEEK ENDING MAY 13TH, 2016

18 May 2016
Nicki Skinner

The freehold market recorded a solid 15.7% increase in new listings last week. Normally we would say that this was just what the doctor ordered. Unfortunately, that increase was overshadowed by a nearly 19% increase in sales with a strong 79% selling at or above the list price, the highest level in 2016 so far. The majority of the new listing activity came in the central core, while the hottest area for sales was in the east with nearly 87% of homes selling at or above the list price.