Our August: Real Estate Style

The Toronto Real Estate Board reported 7,600 sales through the Toronto MLS® system in August 2014. This result was up by 2.8% compared to 7,391 transactions reported in August 2013. Year to date sales through the end of August amounted to 65,454, which represented an increase of 6.5% compared to the same period in 2013. The average selling price in August 2014 was $546,303, up 8.9% in comparison to the average of $501,677 reported in August 2013. The year-to-date average price through August was $562,504, which represented an increase of 8.5% in comparison to the same period in 2013.

The number of listings in August were down in comparison to last year, while the number of sales increased. This means that sellers’ market conditions remained in place with a lot of competition between buyers.

Considering Your Kitchen Improvements

Kitchen renovations are considered one of the most rewarding home improvements you can make, partly because they bring immediate lifestyle and efficiency benefits, and partly because they often show a financial payback upon resale. If you’re thinking about renovating your kitchen, give considerable thought to the latest design and appliance options. Whether or not to incorporate the
newest trends is often a matter of personal taste, so it’s wise to do your research and be clear about your style and functionality preferences before you commit to a final layout.

Once you’ve made informed decisions, you’ll be able to properly plan your plumbing, electrical and lighting to best support your needs. For example, island sinks, dual convection ovens (plus a multipurpose microwave), an induction cooktop, an energy-saving dishwasher and a “smart” refrigerator are all worth considering, and will impact on how well your kitchen works and how it is configured.

Likewise, your flooring, natural lighting, seating and storage arrangements will be just as important as countertops for efficient kitchen operation. So, before you get too excited about all the available options, be sure to visit as many websites and stores as possible to learn about all the latest ideas and to get information on all the pros and cons.

That kitchen is from our very own listing: 38 Brookhaven Crescent, Orangeville. Call us today for more information on this incredible home!