Even though as I write this it’s a bit of a grey day, I firmly believe it’s finally safe to say that spring is here. With the crocuses popping up, Easter behind us, and the cherry blossoms in full bloom, winter is well on the way out and soon to be a distant memory. If you’re interested in updating your home this spring, you’ll find a terrific piece on bathroom renovation trends below. Scroll down and you’ll also see a piece related to dog ownership in condos; the good, the bad and the barky.
In the market, the general year-over-year trend of fewer sales and lower prices continues, though the Toronto Region Real Estate Board is predicting lower borrowing costs this year. Contrary to the hopes of many buyers waiting for the bottom, many homes are still selling quickly and over asking. Of course this is entirely dependent on the home and the neighbourhood, and definitely whether the listing was purposely underpriced for the market. The Bank of Canada decided to hold the key interest rate steady, so that should also boost confidence and encourage more sellers to come to market. Fingers crossed!