Latest updates from Marian Keriakos
1300 Yonge Street, Suite 100 M4T 1X3 Toronto, ON, Canada

For Sale By Owner aka FSBO In a seller’s market, you may be tempted to sell your home yourself to save a little cash After all, aren’t buyers lining up around the blockas soon as a new listing hits? Here’s the TRUTH... The median sales price for FSBOs is 10% less than homes sold with the help of a real estate agent So, while you may think you’ll price and market your home more effectively than an agent, you actually may end up underpricing it or negotiating less effectively One of the MANY reasons to work with a real estate agent when selling your home! For more information on whether you should list your home with or without an agent, visit my latest blog post: https://mariankeriakos.com//can-i-buy-or-sell-a-home-witho #torontorealestate #torontorealtor #torontorealestateagent #torontorealestatetips #torontohomebuyer #torontohomeseller #torontohomeowner #torontohousehunting #lovewhereyoulive #buyertips #sellertips #fsbo #forsalebyowner #buyersagent #sellersagent Chestnut Park Real Estate Limited, Brokerage

An agent can bring a lot of peace of mind during a major transaction, whether you are buying or selling And our expertise can ultimately leave you with more cash in the bank But what if you feel competent you can handle a sale or purchase on your own? TIP make sure you thoroughly understand the work an agent doesand what you need to cover if you’re representing yourself. ... You can find out more details on my blog https://mariankeriakos.com//can-i-buy-or-sell-a-home-witho But the BEST way to find out whether you need a real estate agent is to speak with one. Contact me for a free, no-obligation consultation today! #torontorealestate #torontorealtor #torontorealestateagent #torontorealestatetips #torontohomebuyer #torontohomeseller #torontohomeowner #torontohousehunting #lovewhereyoulive #buyertips #sellertips #fsbo #forsalebyowner #buyersagent #sellersagent Chestnut Park Real Estate Limited, Brokerage

WOW. Another example of just how the Toronto real estate market is. 90 showings. 17 registered offers. 1 winner. Actually2. Thrilled for my seller! And congratulations to the buyer, who will be moving into this incredible property. For those of you who missed out, please click link in my bio for a tour of this property. If you are looking for your next home, please DM me to discuss your move! #sold #justsold #torontorealtor #torontorealestate #torontoluxuryrealestate #torontolife #torontoravinelot #cliffcrest #cliffcrestrealestate #scarboroughbluffsrealestate #detachedhomes #upsizinghomes #poolsizedhomes #mariankeriakos #mariankeriakosrealestate #christiesrealestate @chestnutparkhomes

When buying a home , don’t go it alone! Putting together a winning offer can be challenging, especially in multiple-offer situations, which we’re seeing more and more of these days! With a buyer’s agent in your corner, you can Avoid overpaying for your soon-to-be home... Negotiate more effectively with the seller’s agent Identify red flags in a property inspection Get professional guidance on one of the most important financial decisions in your life BONUS As a buyer, your real estate agent’s commission is paid by the seller and costs you nothing out of pocket! For more information on whether you should buy a home with or without an agent, visit my latest blog post: https://mariankeriakos.com//can-i-buy-or-sell-a-home-witho #torontorealestate #torontorealtor #torontoealestateagent #torontobroker #torontorealestatebroker #torontorealestatetips #torontohomebuyer #torontohomeseller #torontohomeowner #torontohousehunting #lovewhereyoulive #buyertips #sellertips #fsbo #forsalebyowner #buyersagent #sellersagent Chestnut Park Real Estate Limited, Brokerage

Just when you think the Toronto residential resale market can’t reach new heights, it surprises us again. March was not only strong but it shattered records, something that is becoming a common occurrence. https://www.chestnutpark.com/blog-article.cfm?id=24092

Did you know that REALTORs are also matchmakers? We pair people with the home of their dreams, so they can live where they love, and love where they live. So are you looking for love? ... Let us match you with an amazing home in our area! Send us a DM today #happyvalentinesday #valentinesday2021 #love #dreamhome #matchmakers #livelaughlove #torontorealestate #torontorealestateagent #torontohomebuyer #torontohomeseller #torontohomeowner

Once again, the Toronto and area resale market delivered eye-popping results. As compared to last January sales were up by over 52 percent and the average sale price increased by almost 16 percent. In absolute numbers January produced an unprecedented 6,928 sales there were only 4,546 last year and the average sale price came in at $967,885 for all properties sold throughout the greater Toronto area. It was only $838,000 last year. Read the full report here: https://www.chestnutpark.com/blog-article.cfm?id=23877

Love this. So simple, right? But I’m too young. Too old. Too busy. Not yet successful. Already successful. Stop making excuses. Don’t wait for the right time. There is no right time make NOW the right time. And before you know it, one beautiful morning, you’ll find out that you will have achieved or have come pretty darn close to whatever goal you’ve set for yourself. ... And that is the beauty in this quote’s simplicity. If there’s anything we’ve learned over the past 10 months, it’s never, ever, taking the time, or freedoms, we have now for granted again. #wednesdaywisdom #dontwait #gogetit #lifegoals #torontorealestate @chestnutparkhomes

Toronto’s remarkable resale market had another exceptional month in January. Sales activity in all categories was up dramatically with condo apartment sales up by almost 86%, followed by semi-detached properties at 48% compared to last year. Condo prices in the City of Toronto declined by 8% compared to last January. Low mortgage interest rates and housing frenzy driven by the pandemic continue to drive the resale market. These are the key takeaways Home buyers continued... to take advantage of record low borrowing costs in January, especially those looking to buy some form of single-family home in the low-rise market segments. New listings were up on a year-over-year basis in January, but not by the same annual rate as sales. This frenzied sales activity translated into tightening market conditions this January compared to last resulting in the continuation of double-digit growth. Competition between buyers for freehold homes has been extremely strong in many neighbourhoods throughout the GTA, which has continued to support double-digit annual rates of price growth. In contrast to the freehold market segments, buyers continued to benefit from much more choice in the condo apartment market compared to last year, particularly in the City of Toronto. The number of active condo apartment listings in January was almost double that reported in January of last year. More options in the condo apartment market translated into an 8% year-over-year decline in the average condo apartment selling price in the ‘416’ area code. If we continue to see condo sales growth outstrip condo listings growth, we could start to see renewed growth in condo prices later this year. Stay tuned for a more in depth analysis! Any questions in the meantime, feel free to DM me. #torontorealestate #torontoluxurymarket #realestatestats #chestnutpark #torontosales @chestnutparkhomes

Clients are always asking us what they can do to increase their home’s value. So, in our latest blog post, we’ve rounded up 5 of the hottest home design trends that buyers are loving this year. This can serve as a great guide if you’re looking for ways to update your home while adding style, functionality, and real value.... https://mariankeriakos.com/5-inspiring-home-design-and-rem/ Questions about a particular improvement project? Message us, or reach out to schedule a free virtual consultation. We’d love to help! #torontorealestate #torontorealtor #torontorealestateagent #realestatetips #homebuyer #homeseller #homeowner #homedesign #remodel #designtrends #loveyourhome #designinspo #homedecor #hometrends #realestatedesigntips Chestnut Park Real Estate Limited, Brokerage

December’s Toronto and area residential marketplace exhausted all the superlatives that we would normally apply to a robust resale market. Not only was December’s housing market strong by historical standards, but it dramatically exceeded historic norms, performing more like a spring market than what we have come to expect of property sales during the holiday season.

Canadian home prices expected to rise significantly, helped by low mortgage rates and massive fiscal spending https://financialpost.com//major-housing-markets-to-shine-

What an absolute privilege to have collaborated alongside one of the most lovely, dynamic couples in my 17 years of real estate! Working first with John back in 2008 was a true pleasure and what a delight to have met Danielle 8 years later. We were in sync from start to finish; so much so, that their property sold in under 24 hoursa record time for their neighbourhood. Equally satisfying was seeing the vision of their gorgeous home come to realityit fit them like a glove! #testimonial #torontorealestate #investintorontorealestate #lovewhatIdo #happyclienthappyrealtor #ihavethebestclients @chestnutparkhomes

The Toronto real estate market in December 2020 unfolded like no December before. Sales of all property types, including condos, looked more like late spring numbers than what is normally the market’s performance during the holiday and year-end season. With interest rates at historically low levels, and retail shops shuttered by the provincial authorities, it appears as though buyers went shopping for real estate instead. Key takeaways: While the housing market as a whole r...ecovered strongly in 2020, there was a dichotomy between the single-family market segments and the condo apartment segment. The supply of single-family homes remained constrained resulting in strong competition between buyers and double-digit price increases in average selling prices for detached houses, semi-detached houses & townhouses. In contrast, growth in condo listings far-outstripped growth in sales. Increased choice for condo buyers ultimately led to more bargaining power and a year-over-year dip in average condo selling prices during the last few months of the year. However, this may be somewhat of a short-term phenomenon. Once we move into the post-COVID period, we will start to see a resumption of population growth, both from immigration and a return of non-permanent residents. This will lead to an increase in demand for condominium apartments in the ownership and rental markets. Home buyers continued to take advantage of very low borrowing costs in December, especially those looking to buy some form of single-family home. #torontorealestate #torontohomes #torontoluxurymarket #luxuryrealestate #realestatestats #ataleoftwomarkets #chestnutpark #torontosales @chestnutparkhomes

Surveys reveal that the majority of people who set new year’s resolutions will break them Without accountability and a plan, even the simplest goals can become overwhelming. Especially with bigger goals that will make huge changes in your life like saving for a down payment, setting up a home office, or establishing a regular home maintenance plan you need a support system. And that’s where we come in! ... No matter what your real estate resolution is, we have the knowledge, experience, and networks to help get you across the finish line. Reach out to us today for a free consultation Now is the time to decide to make real estate contribute to your success in 2021 Check out our latest blog post and choose a homeownership goal to add to your new year’s resolutions today. https://mariankeriakos.com/new-year-new-home/ #torontorealestate #realestate #realtor #realestateagent #realestatetips #realestategoals #realestatemarket #homebuyer #homeseller #homeowner #newyears #newyearsresolutions #motivation #accountability #newyearnewyou #newyearnewhome #homeownershipgoals

Remembrance Day 2020. Many will virtually come together to honour our veterans and pay tribute to Canadians who have served to preserve our right to peace and freedom. #lestweforget

It was no surprise that October’s resale market results continued the record pace that began in June. Reported sales hit a new high in October, with 10,563 residential properties trading hands during the month, a 25 percent increase compared to last year. https://www.chestnutpark.com/blog-article.cfm?id=23569

October numbers are out and the data continues to illustrate that sales activity is higher than ever in the detached market segment, with the pace of annual sales growth far outstripping the growth in new listings the Toronto real estate market has continued to be fuelled by people’s desire to change their home’s location as a result of the requirement for more work-from-home space and the hope for more land as more families look for less density. This October’s sales of ...10,563 marks the 4th month in a row of year-over-year increases for the Toronto & area market place up 25.1% from last October. Sales growth in October continued to be driven by ground-oriented market segments, including detached & semi-detached houses and townhouses. Annual growth rates were even higher for sales reported in the 905 regions surrounding the City of Toronto. The economic recovery in some sectors, coupled with historically low borrowing costs, has kept home purchases top-of-mind for many GTA residents. With this being said, we have not accounted for all of the pent-up demand that resulted from the spring downturn. We continue to expect record, or near-record, home sales for the remainder of 2020. In Toronto’s 416 area, detached property sales increased by 19.6% and semi-detached properties by a staggering 29.6% compared to last October. Condo sales did not fare nearly as well, contracting by 8.5% this is the first time since April 2020 that we’ve seen negative year-over-year sales numbers. Condo buyers have benefitted from much more choice compared to last year. Pre-COVID polling already pointed to an increase in investor selling in 2020. The pandemic only added to this trend with a stall in economic growth & a halt to tourism impacting cashflows for many investors. October was yet another month that saw a dramatically higher number of new listings coming to market 36.4% YOY. If new listings continue at this pace, they will have an impact, helping the market to move away from the seller’s market we have continued to experience, and ultimately, having a moderating affect on average sale prices. #torontorealestate #torontoluxurymarket #realestatestats

Canada’s mortgage debt binge is accelerating to the fastest pace in years. Bank of Canada (BoC) data shows mortgage debt reached an all-time high in September. https://betterdwelling.com/canadian-mortgage-credit-sees-a/

Everyone should be able to find a place to live, raise their families, and build their future. The launch of the new Rapid Housing Initiative (RHI) that will invest $1 billion to create up to 3,000 new permanent, affordable housing units across the country. https://www.newswire.ca//new-rapid-housing-initiative-to-c