Liam Bergh Real Estate

10/05/2023

You don't want to miss this one! Scandinavian design meets ultimate function in this character-filled home. Imbued with sophistication at every turn - skylight, stained glass windows, pine ceiling in the primary bedroom, gas fireplace in the living room - the list goes on. No square inch has been overlooked in this 2+1, 2 bathroom home - savour morning coffee in your sunroom, enjoy your home office space, and settle in for cozy movie nights in the basement. Did we mention the hot tub? Not to be missed in the entertainer's resort-like backyard. The home nails the combo of functional layout, storage, outdoor space with high quality workmanship and design. Nestled on a tree-lined, family-friendly street - a stone's throw from Stephenson Park and Oakcrest Park. Only a 5 minute walk from both Woodbine station and Danforth GO station and close proximity to the beach. This one is special!

15 Morton Rd. Toronto.

Contact me for a showing or more info!

416-998-6512
[email protected]

06/08/2023

The real estate market in Toronto has shifted again. It appears we have seen the bottom of the downturn and housing prices are climbing again.

Buyers seem to have come to terms with higher interest rates and statistics are showing that they're back in the market, while sellers continue to hold back. As a result the inventory of homes for sale remains low while demand builds.

The average selling price rose to $1,196,101 for May 2023. That is just 1.2% below May of last year. It is also up 3.5% compared to last year.

What a turbulent year it has been. For better or for worse the Bank of Canada raised their policy interest rate by another 0.25% this week to counter our heated economy. What this will do to the real estate market in the months to come remains to be seen.

If you have any questions, want to know what's happening in your neighborhood, or are looking to buy, sell, or rent, give me a shout!

03/07/2023

East Danforth Detached
3+1 beds
2 baths
Detached garage
Basement apartment with backyard walkout

Reach out for details and private showing!

Listing brokerage: SAGE REAL ESTATE LIMITED, BROKERAGE
Listing salespeople: Leif Moore, Josh Randell

East Danforth Detached 3+1 bed 2 bath Separate basement apartment with backyard walkout Detached garage Contact me for details and a private showing! Listing brokerage: SAGE REAL ESTATE LTD. ARKA GROUP Listing salespeople: Leif Moore, Josh Randell ...

02/08/2023

It's time to review! The Toronto real estate market continues to cool. The average sale price on all home types was down 16.4% compared with last January. Keep in mind last January prices were near all time highs and had skyrocketed from the start of the pandemic, so numbers are all relative. Compared to the last few months, the decline is not as dramatic. Price decline has been solely a result of the Bank of Canada increasing interest rates and they signalled with their last hike that if inflation continues to cool, they will hold off on further increases. In a lot of parts of Toronto we are seeing low inventory of housing on the market and as a result, many transactions have been going with multiple offers and selling over asking again. If we haven't already hit the bottom of the market, chances are it isn't far off. If you're considering a move and would like more information on what is happening in your local market, don't hesitate to reach out!

01/17/2023

306-46 Curzon St. Toronto. 3 bed, 3 bath townhouse. Reach out to me for details and to view!

Who wants to live here? Reach out for details and viewing! 306-46 Curzon St.

01/12/2023

10/14/2022

The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs in September
2022. Sales for the month reached 5,038, but were down by 44.1 per cent compared to September 2021.
New listings were also down on a year-over-year basis by 16.7 per cent to 11,237. This was the lowest number of new
listings reported for the month of September since 2002. This is especially troublesome given that the stock of homes
in the GTA increased markedly over the last 20 years.

The average selling price across all home types dipped by 4.3 per cent to $1,086,762. The average price was up compared to
August 2022.

Although the cost of borrowing has gone up, there is a saying that goes "you date the rate and marry the home". In other words, the current interest rates are temporary, but the price you pay for your house is locked in until you sell. House prices may be as low as they ever will be so this may be the right time to get a great deal if you're looking to purchase a home.

If you're looking to buy, sell, or lease, don't hesitate to reach out!

09/13/2022

August Toronto real estate market update. The market continues to be depressed compared with what everyone has been used to. The Bank of Canada increased the benchmark rate by another 0.75% last week which will continue to put downward pressure on housing affordability. Here are a few things that happened in August:

The average sale price across all types of homes was $1,079,500, up 0.9% from August last year and up just slightly compared with July this year.

In the last market update I mentioned that the % sales to new listings ratio was around 41%, indicating more of a buyer’s market. In August sales actually increased compared to the number of new listings that came on the market, putting the ratio at 53%. If this trend continues, it could contribute to sale prices increasing in the coming months.

Properties are taking longer to sell, with the average being 34 days. In the current market environment buyers have more options and can take more time to make decisions, making it a great time to buy if you are looking to enter the market.

If you're looking to buy, sell, or lease, give me a shout!