Nicole Mitchell Real Estate Services

2020 was definitely a different year in my real estate career and life adapting to new challenges with this pandemic. I am so grateful for the opportunities and also for the little things in life that keep me smiling. Thank you to all for your continued support and trust in me!

Find out why the pandemic is pushing tenants out of their rentals in downtown Toronto. https://www.cbc.ca//condo-rental-toronto-housing-treb-mark

2021 Real Estate Market Update 5 days into the new year and buyers are out in a frenzy. I'm seeing 20 + offers on freehold properties priced under $700k. There are now two distinct real estate markets in the GTA. The house market with rising values and the condo market with not much price appreciation.... Mortgage rates are at historic lows-as low as 1% The second wave of COVID-19 is not yet under control. Continued high levels of infection will lead to restrictions and Several vaccines show promising results however, they are unlikely to be widely available until mid-2021 https://globalnews.ca//royal-lepage-2021-home-price-forec/

With more condos on the market in downtown Toronto, the prices are beginning to slip. Median Price in March $595k Median Price now $545k If you're looking to get into the market the next few months will prove an opportune time.... With a vaccine on the horizon and the estimated amount of immigration into Ontario, Toronto will still be perceived as a great place to live/work/invest https://betterdwelling.com//toronto-condo-prices-down-ov/

Typically December is a slower month in real estate as people gear up for the Christmas season- not this month. This week I saw 13 offers on a townhouse - first day on the market! November had huge price gains and looks like December is much of the same. https://www.thestar.com//home-sales-shoot-up-321-year-over

Normally November & December are cooler months for Selling your Home but not always! Read More https://www.nicolemitchell.ca/bu/selling-in-a-cooler-market

SOLD OVER ASKING Grateful to have exceeded expectations on the sale of this one! Exceptional Marketing Plan... Outstanding Communication Optimal Exposure 10 offers and Happy Clients.

Exceptionally Renovated and Absolutely Stunning Brick Bungalow in Cliffside Villiage. Functional open concept layout Fully fenced large Backyard Walk to Everything... Listed for $749,000 Take a peek at the video or connect with me for a private showing. https://youtu.be/Ya5JzU-YvPY

Detached house prices still on the Rise! Check out this map which illustrates the average price in different Toronto neighbourhoods. https://torontostoreys.com/median-home-price-35-toronto-ne/

Extremely low-interest rates on mortgages along with a delayed spring market due to COVID brought on a record amount of sales during the month of September.

I'm seeing properties with larger lots sell for well over market value these days but this one is just crazy! https://www.narcity.com//torontos-tiny-1-million-house-jus

As a result of Covid-19, condo apartments have seen the biggest drop in sales. As working from home becomes more the norm I'm seeing more people flocking North. https://www.blogto.com//new-condo-sales-toronto-lowest-gr/

RECORD ALERT! Detached houses in Durham region have increased by 22% in the last year. Toronto homes also increased by 21% raising the average price to 1.5M... https://www.zoocasa.com/blog/trreb-august-2020/

New Mortgage Rules Take Effect Today and Interest Rates are really Low. If you would like to understand how this could impact your move..get in touch. https://www.canadianmortgagetrends.com//mortgage-rates-ke/

Real Estate Market is Hot! I'm seeing properties selling in multiple offers and prices are strong! Covid-19 did reduce the number of sales - meaning the number of properties listed but sale prices are stable.... Here's a great article that reads more into that. https://torontostoreys.com/toronto-real-estate-market-hot-/

You don't need a huge 20% down payment to buy a home. Connect with me to determine what options are best for you. https://torontolife.com/real-/five-mortgage-myths-debunked/

Virtual Tours, Virtual Staging with Furniture, and online open houses are all tools when marketing your home during Covid-19. A strategy is created based on your level of comfort and what the property needs to receive a maximum financial return. https://www.orea.com///Home-staging-the-virtual-way-part-2

To Defer or Not to Defer Your Morgage During Covid-19....That is the question. While most banks are giving us Canadians the ability to defer our mortgage payments for 6 months, many people are asking if it could have long term impact. It will cost you more money in the long run. $2000 deferred payment now could cost $1400 more in interest over time.... Hers a great article that elaborates in more detail. https://www.mortgagearchitects.ca//To-Defer-or-Not-to-Defer

Covid-19 has definitely slowed the amount of inventory on the market both in Toronto and Durham, however, lower-priced homes ( starter homes ) are still selling in multiple offers. Let's talk! Send me a message or call me.

84 Millburn Dr, Bowmanville Listed for $499,000 3 bedrooms & 3 washrooms Fenced yard with deck ... Eat-in Kitchen with ample counter space Check the link for pictures and more details. https://www.nicolemitchell.ca///clarington/84-millburn-dr

Check out this short term rental in Liberty Village for $82/night. https://www.blogto.com/real-est//airbnb-toronto-nostalgia/

Skytower Condos will be the second-tallest building in Toronto, after the CN Tower. Luxury Residences & top-notch amenities will be located at 1 Yonge St. Starting at $800k... https://renx.ca/pinnacle-to-launch-95-storey-toronto-skyto/

Clients are often surprised that there are still some affordable options to buy a home in Toronto and Durham. I always help find the best value within your budget! https://torontostoreys.com/most-affotdable-condos-sold-tor/