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Commuting Costs Increase in the GTA

Commuting Costs Increase in the GTA

In Toronto “driving until you qualify” is the trade-off a number of GTA residents now have to make. Commuting further in exchange for lower housing costs has long been a bargain many families have had to make. But now a new study highlights that people might not be saving money after all.   A study […]

October 2018 GTA Real Estate Market Report Summary

October 2018 GTA Real Estate Market Report Summary

The Toronto Real Estate Board (TREB) just published their monthly real estate market report for October 2018. Home sales and prices increased in October compared to last year. The number of active listings was down, similar to last month. Overall, the data shows a strengthening GTA real estate market.   TREB President said, “Annual sales […]

September 2018 GTA Real Estate Market Report Summary

September 2018 GTA Real Estate Market Report Summary

The Toronto Real Estate Board (TREB) just recently published their real estate market report for September 2018. Although the number of sales declined a bit from last month, the average price for all home types increased. The average sale price for detached homes rose to over 1 million in Richmond Hill. TREB reports that these […]

Toronto Ranked One of the World’s Most Liveable Cities

Toronto Ranked One of the World’s Most Liveable Cities

 The Economist Intelligence Unit recently released their 2018 ranking of the world’s most liveable cities. Out of the top 10 spots, Canadian cities scored three spots! After a seven-year reign, Melbourne was finally toppled by Vienna as the most liveable city in the world. It may surprise people not to see large cities such as […]

GTA Home Prices Rise After Earlier Dip

GTA Home Prices Rise After Earlier Dip

Toronto’s real estate market has had a rough year. Home sale prices and the number of sales slowed at the beginning of the year. However, the summer months saw an uptick in both prices and sales.   GTA real estate had a few setbacks earlier this year. The foreign buy tax, increased interest rates, high […]

Luxury Home Sales on the Rise in GTA

Luxury Home Sales on the Rise in GTA

The Greater Toronto Area’s real estate market has been a little turbulent this year. A number of factors have slowed home sales such as the increased interest rates, tighter mortgage restrictions, and high prices. The market has bounced back though, with luxury home sales growing significantly this summer.   A recent report by Sotheby’s International […]

10 Reasons to Hire a Richmond Hill Real Estate Agent

10 Reasons to Hire a Richmond Hill Real Estate Agent

When it’s time to buy or sell a home, people often wonder whether they should go into it alone or enlist the services of a professional real estate broker. While it might not seem like real estate agents do much, they provide more services than people know. Here are 10 reasons why you should always […]

August 2018 Real Estate Market Report Summary

August 2018 Real Estate Market Report Summary

TREB recently published their market report for the Greater Toronto Area for August 2018. Toronto real estate sales continue to boom, and the city is driving Canada’s overall real estate. Here is a quick summary of what the report said with a focus on Richmond Hill real estate.     Market Summary In August, there […]

Two Toronto Properties Sold Fast!

Two Toronto Properties Sold Fast!

Here at Derek Li Group, we’re dedicated to selling your home quickly and effectively. Just recently two of our properties were sold in under a month. We work hard to stay competitive and produce satisfactory results for all of our clients.   The 11 Oneida Cres Unit 511, property sold within two weeks!     […]