HomeOwners in Toronto, GTA, York Region:
Congratulations! you have WON the Real Estate Lotto!*
- Detached House in Toronto – “shattered the $1.5 million mark for the first time last month” !
- Average price of detached house $1,573,622, 29.8% higher than a year ago.
- Average price of (all) homes in the GTA in February up 27.7% compared to last year
- Average selling price (of all homes) in the GTA: $875,983, in City of Toronto: $859,186
For the full article: Average Toronto Home Price over $1.5M
Is your house the ticket to financial freedom?
As GTA real estate has reached crazy record high prices, this is an excellent time to reassess your options: has your house reached the numbers you need to live off, and start enjoying your life more? Some HomeOwners are cashing out now, banking what they need for (early) retirement and making plans for new experiences. Interested? next steps to determine feasibilty:
1. Find out what your home is worth: Book a Free Evaluation
2. If you sell, where would you live? Some options:
- Rent – some homes in prime neighbourhoods are being purchased by investors, looking for good Tenants, some asking surprisingly low rental prices (compared to what it would carry for)
- Purchase further from the city for less, enjoy a less hectic lifestyle and, (bonus!) continued appreciation of your new home
- Purchase a condo for your Canadian Spring-Summer, live in Sunny _____ for Winter (Florida, Costa Rica, Thailand…wherever floats your boat! )
- Experience living in different areas, cities, countries… short/long term…
- If you sell your house to an investor – offer to rent it back, and stay on as a Tenant – no moving, less responsibility/repairs and lower monthly costs…
3. Contact us, we’ll help you review the options – for your home & the big trip!
We have team members and friends who have chosen one of the above ways of living, courtesy of their home appreciation, and would be happy to share the experiences.
(*Homes owned, not recently purchased or refinanced)
Christine Ng, Broker, Royal LePage Signature Realty email@example.com