June has come and gone but the month’s real estate update proves that May was a great month for the resale value of homes in the GTA. In May we saw a 5% increase in the price of a resale home versus May 2012. In fact, price growth occurred in all major market segments! And all this growth seems on track to meet the Toronto Real Estate Boards price growth forecast of 3.5% as a whole.
In this month’s update we feature 10 home improvement projects that add value to your home including:
- Kitchen remodeling
- Finishing unfinished space
- Home office remodeling
Also, in our “Legally Speaking” segment we discuss the finer points of walking away from a house deal. This can be complicated so make sure to read carefully. We cover important points such as a buyer’s remorse period and who gets the deposit when buyers change their mind.
Featured this month are some of the highlights from the CAAMP (Canadian Association of Accredited Mortgage Professionals) survey as well as the ever popular “Pearls of Wisdom”