One of the most quoted facts about the Greater Toronto Area (GTA) housing market is the “average selling price”. If you look at prices in 2018, you will see that the average selling price rose from $737,000 (rounded) in January to $797,000 (rounded) in September 2018. However, there are three surprises hiding within these numbers.
(Updated to September from the original publication date.)
Do you have family members planning to downsize “sometime” but will likely be caught napping if the real estate market changes? Here are some likely reasons they are stuck and what you can do to help them.
Anyone planning to downsize in the Greater Toronto Area (GTA), needs to keep current on the real estate market. The following video provides a fresh perspective on five key market measurements. The goal is to provide you with greater insight for your own decision making.
A family cottage is often taken for granted when downsizing and/or planning for retirement. However, a cottage is “that piece of real estate that brings families together but can also drive them apart.” Listen in on a frank discussion between two experienced estate lawyers on how to handle the situation. (Video).
There are excellent resources available for helping seniors living in the Province of Ontario, Canada. This summary of resources includes links to online topics such as Accessible Housing and Flexible Home Designs.
Continue reading “Best Seniors’ Housing Resources – Ontario Canada”
Downsizing Help 