Spring is typically the busiest season in real estate with many Canadians making moves, whether buying or selling. The warmer weather often brings more buyers, sellers, and overall excitement to the market. If moving is on your mind this spring, it’s essential to get ahead of the competition and we are here to help. Here's your ultimate guide on how to get ready for the spring real estate market.


1. START EARLY – PLAN AHEAD

The key to a successful spring real estate venture is planning. The market tends to get crowded with both listings and buyers, so starting early helps you get ahead. Begin preparing at least 3 to 4 months before the season picks up, as many buyers begin their search in late winter or early spring. This gives you time to assess your needs, budget, and market trends.


For Sellers:

Assess the Market: Start by understanding the current market conditions in your area. Are home prices rising, declining, or stabilizing? What’s the inventory level like? Reach out to discuss the best time to list your property.


Repairs and Upgrades: Spring buyers often seek homes that are well-maintained and move-in ready. Focus on making small repairs and upgrades, such as fixing leaky faucets, painting walls and front doors, or updating outdated light fixtures.


Curb Appeal: First impressions matter! Spring is all about new beginnings, so make sure your home’s exterior looks fresh. Plant some flowers, trim bushes, and power wash or reseal the driveway to give your home a welcoming look.


Staging: Consider staging your home to showcase its best features and highlight optimal usage of various spaces within your home. Staging can help buyers visualize themselves in the space and make your home stand apart from the competition.


For Buyers:

Pre-Approval Process: Spring markets can be very competitive, so having a mortgage pre-approval in hand is critical. This shows sellers you’re putting forward a serious offer. Ask us for a referral to a mortgage professional, if needed.


Research Neighborhoods: Use this time to explore different neighborhoods. Do your homework on the schools, amenities, safety, commuting options, and future development plans in areas you’re considering. We can help with this!


Define Your Needs: Before you start touring homes, make a list of your must-haves, nice-to-haves, and deal-breakers. Knowing what you're looking for helps focus your search to make good use of your time and helps ensure you don’t miss the right one.



2. KNOW THE MARKET TRENDS

The spring real estate market can vary greatly depending on location and economic conditions. This means it's essential to know the trends in your local market and how they might impact your buying or selling experience.


For Sellers:

Pricing Strategically: We’ll work together to set a competitive price that reflects the current market conditions, recent sales of similar properties that have recently sold in your neighborhood, and any other factors such as interest rates and regulatory changes.


Anticipate High Demand: Spring brings a higher number of buyers, so if your home is priced well, it could attract multiple offers. Prepare yourself for this situation by understanding how to negotiate offers effectively.


For Buyers:

Competition Is Fierce: With more buyers entering the market, you’ll likely face competition for desirable properties. Be prepared for bidding wars and have a strategy in place for making your offer stand out (i.e. a larger deposit, flexibility on the closing date, or minimal conditions).


Inventory May Be Limited: While spring offers a surge of listings, the best homes don’t always last long. Keep an eye on new listings and act quickly if you find a home you love.


3. GET YOUR FINANCES IN ORDER

Whether you’re buying or selling, understanding your finances is crucial for a smooth real estate experience.


For Sellers:

Understand Your Equity: Before listing, know how much equity you have in your home. This can help determine your price range for the next home and better allow you to budget for necessary upgrades or repairs.


Prepare for Closing Costs: Selling a home comes with many costs. Make sure you have a clear understanding of all costs such as repairs prior to listing, real estate commissions, and legal fees.


For Buyers:

Review Your Budget: Know what you can afford, not just in terms of the mortgage, but also for ongoing costs like property taxes, home insurance, utilities, maintenance, and condo fees.


Check Your Credit Score: Your credit score plays a significant role in securing the best mortgage rates. Check your score well ahead of time and address any issues that might arise.


Explore Financing Options: Work closely with your mortgage professional to find the best financing options for you factoring in interest rates, mortgage types, your credit score, and more. Finding the best mortgage for you will ensure you’re ready to submit a strong offer.


4. HOW CAN WE HELP

As professional real estate agents, we can make the process of buying or selling a home much smoother. From assessing local market conditions to negotiation and accurate paperwork, we are here to provide valuable insight and guide you through one of the biggest financial decisions of your life.


For Sellers:

Market Your Property: Your home will be expertly marketed to ensure the greatest exposure possible using Multiple Listing Services, countless websites, social media, open houses, and more.


Negotiate on Your Behalf: We will help you evaluate all offers and negotiate terms that are in your best interest.


For Buyers:

Access to Listings: You’ll get access to a custom MLS portal tailored to your needs and wants, which will allow you to see new listings matching your exact search criteria in real time.


Guidance Through Offer Preparation and Bidding Wars: Together, we’ll craft an offer that not only meets your needs but also looks attractive to the seller. And if you encounter competition for a property, we’ll be strategic about how to increase your chances of success.


5. STAY ORGANIZED

The spring market can get hectic, so it’s important to stay organized throughout the process. You might even consider creating checklist for everything from researching properties and getting your pre-approval to exploring insurance coverage and utility costs. This will help ensure that you don’t miss any important steps along the way.


FINAL THOUGHTS

The spring real estate market is competitive, but with the right preparation, you can set yourself up for success. Whether you're buying or selling, planning early, staying on top of market trends, and working with professionals can help you navigate the busy season with confidence. By following these tips, you'll be well on your way to a smooth and successful spring real estate experience.


GET IN TOUCH

As your trusted resource for all things real estate, we would be more than happy to provide you with additional insight on how to best prepare for buying or selling real estate. If you have any questions about the market, please reach out anytime. Want a better real estate experience? Call the Giles Team, we are always happy to help. 


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Send us an email so we can add your name and address to our monthly mailout.


We look forward to connecting

DK and Amanda


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July 16, 2025
Standing Out in a Crowd: How to Make Your Home Shine When Inventory Is High The work that goes into ensuring a successful sale is always important, but when the real estate market is flooded with listings, how your home is prepared, presented, and priced becomes critical. The idea that everything sells quickly with multiple offers and a high-dollar sale price by simply putting up for a “For Sale” sign just isn’t reality. In a high-inventory market, buyers have options – lots of them. That means your home needs to do more than just exist on the MLS; it needs to stand out. Here’s how to make your home the one buyers remember (and maybe even compete for) when inventory is abundant: 1. First Impressions Are Everything In a crowded market, buyers often scroll through dozens – if not hundreds – of listings online, sometimes for many months, before deciding to see some in person. Your home needs to stop the scroll. Pro tips: Ensure the front exterior is showing its best. Perform any needed repairs, repaint, clean up the gardens, and replace anything that should be replaced (i.e. front door, door hardware, exterior lights, etc). Hire a Realtor who will invest in professional photography, including drone shots and videography. If you’re unsure when you’ll be listing, consider having photography done in spring or summer when the weather is best, grass is green, and gardens are in bloom. Stage your home for photos, not just showings. A clean, bright, well-styled space photographs better and draws attention online 2. Price It Right – From Day One When buyers have choices, overpriced homes get ignored. You don’t want to be the "benchmark" buyers use to justify better-priced options Strategic considerations: Work with your Realtor to study comparable sales and current competition. Recognize that even if your sale price is a little less than you had hoped, chances are the purchase price of your next home will also be lower if completing both transactions in the same market. Consider pricing slightly under market to generate buzz and possibly spark multiple offers 3. Stage to Sell Empty or cluttered homes don’t capture imagination. Good staging helps buyers visualize living there. Focus on: Decluttering and depersonalizing. Highlighting focal points such as fireplaces, large windows, and open layouts. Creating a mood in each room that invites buyers to linger 4. Fix What’s Broken – Before Showings Begin Deferred maintenance is a red flag in any market. When buyers have alternatives, it can take your home out of the running entirely Check for: Leaky faucets, chipped paint, worn flooring, loose railings, burnt-out bulbs, old furnace filters, non-functioning garage door openers, and more 5. Upgrade Smartly You don’t need a full renovation to stand out, but a few updates can go a long way High Return of Investment (ROI) improvements include: New hardware and fixtures. Updated lighting. Fresh paint in neutral tones. Curb appeal enhancements (think mulch, power washing, re-sealed asphalt driveways, and fresh flowers) 6. Market Strategically A great listing deserves great marketing. In a high-inventory market, your Realtor should have a multi-platform strategy to increase visibility This should include: MLS exposure with a compelling description. As not all real estate boards use the same MLS system and/or share data, your listing really should be on all MLS platforms. Social media campaigns, including paid ads. Open houses, private showings, and possibly broker tours to reach wider audiences 7. Be Flexible and Responsive When supply is high, buyers can afford to be picky – not just about the home, but about communication and timelines Stay ahead by: Being accommodating with showings. Responding quickly to inquiries and offers. Considering all feedback seriously to make adjustments if needed Final Thoughts In a market where inventory is high, your competition isn’t just other homes – it’s buyer expectations. With the right preparation, pricing, presentation, and marketing, your home can rise to the top of a long list. The goal? Make buyers feel like they’ve seen the one – and not just another option. GET IN TOUCH As your trusted resource for all things real estate, we would be more than happy to provide you with additional insight on how to best prepare for buying or selling real estate. If you have any questions about the market, please reach out anytime. Want a better real estate experience? Call the Giles Team, we are always happy to help. NOT RECEIVING OUR NEWSLETTER? Send us an email so we can add your name and address to our monthly mailout. We look forward to connecting DK and Amanda
June 14, 2025
It’s a Buyer’s Market and that can mean more opportunity! In every real estate cycle, there are winners and losers. While a soft market – characterized by more listings, longer days on market, and tempered prices – may raise concerns for sellers, they often present excellent opportunities for buyers. If you're considering purchasing a home, here's why a soft market might be the best time to make your move. What Is a Soft Real Estate Market? A soft market occurs when housing supply exceeds buyer demand. This can be due to poor economic conditions, political uncertainty, rising interest rates, seasonal slowdowns, or shifts in employment trends. The result? Prices tend to stabilize or decline, while properties stay on the market longer. Top Opportunities for Buyers 1. More Negotiating Power In a hot market, bidding wars usually leave buyers with little room to negotiate. But in a soft market, sellers are more likely to entertain lower offers and negotiate on price. 2. Greater Inventory to Choose From With more listings and slower turnover, buyers can take their time, compare homes, and choose a property that best fits their needs without rushing. This leads to better-informed decisions and less buyer’s remorse. 3. Less Competition When demand cools, so do the frantic bidding wars. This means fewer multiple-offer scenarios and a higher likelihood that your offer will be accepted – often below the asking price. 4. Better Ability to Perform Due Diligence With less competition and more leverage, a soft market provides buyers more opportunity to include necessary conditions allowing them to complete home inspections, septic inspections, verify zoning, confirm insurability with their insurer, and more. 5. More Flexible Closing Terms Sellers eager to move may be more open to flexible terms, whether it’s a longer closing period or including furnishings or repairs as part of the deal. 6. Opportunities for Investment If you're a real estate investor or looking for a long-term opportunity, a soft market can be a great time to pick up rental properties or future resale homes at a discount. Tips for Buyers in a Soft Market Get pre-approved: Having your financing in place strengthens your negotiating power. Work with a knowledgeable agent: Local expertise is crucial in spotting good deals and navigating shifting conditions. After all, market conditions can vary from one community to the next. Don’t be afraid to negotiate: Everything from price to repairs to timelines can be on the table. You might even have success including a condition on sale of your existing property. Don’t skip due diligence: Even in a buyer-friendly market, get inspections, review comparables, and make sure you're buying a sound property. Final Thoughts A soft market truly is an opportunity. While many may retreat to the sidelines, savvy buyers can take advantage of less competition, lower prices, and motivated sellers. If you're financially ready, chances are this could be the ideal time to find your next home or investment property. Even for those with property sell, they’d be wise to recognize all the advantages of buying their next property in a soft market. Sure, the sale price of their existing property may be a bit lower than desired, but if timing the sale and purchase closely together, these transactions are likely happening under the same market conditions with there still being opportunity on the purchase. GET IN TOUCH As your trusted resource for all things real estate, we would be more than happy to provide you with additional insight on how to best prepare for buying or selling real estate. If you have any questions about the market, please reach out anytime. Want a better real estate experience? Call the Giles Team, we are always happy to help. NOT RECEIVING OUR NEWSLETTER? Send us an email so we can add your name and address to our monthly mailout. We look forward to connecting DK and Amanda 
May 21, 2025
The Current State Of The Market While it always makes sense to focus on what’s happening in your neighbourhood, this month we are sharing a broader view as we think it’s also important to be mindful of the market at large. As of May 2025, Ontario's real estate market is experiencing a notable shift, characterized by increased inventory, moderated price growth, and evolving buyer dynamics. Here's an in-depth look at the current landscape: Market Overview: Transitioning to a Buyer's Market Ontario's housing market has seen a significant rise in inventory. As of the end of April 2025, the number of active residential listings surged by 28.8% year-over-year, reaching 66,952 – the highest April level in a decade. In fact, active listings in April 2025 were 53.3% greater than the 10-year average for the month of April. Also noteworthy is that new listings in Ontario are also trending higher. For April 2025, new listings were 9.7% higher than the 10-year average for the month of April. In contrast to rising inventory, residential sales in Ontario have dipped significantly with a total of 14,244 sales in April 2025. This figure is 20.2% lower than April 2024. It’s also 30.7% under the 10-year average for the month of April. What do all these numbers mean? Provincially, it’s a Buyer’s Market with 4.7 months of inventory as of the end of April 2025. This slowdown reflects cautious buyer sentiment amid economic uncertainties as an international trade war continues to impact Canada. Price Trends: Regional Variations Despite the cooling market, average home prices in Ontario have remained relatively stable. As of April 2025, the average home price was $859,645, a 4.8% decrease year-over-year. However, regional disparities are evident: Oakville: Average sale price down 4.6% to $1,513,732. Burlington: Average sale price increased 2.4% to $1,178,724. Toronto: Minimal change, a dip of just 0.6%, to average price of $1,144,977. Hamilton: Average sale price decreased 3.2% to $791,384. GTA: Average sale price at $1,107,463, down 4.1% year-over-year. Affordability and Buyer Sentiment Housing affordability remains a significant concern. Desjardins Securities projects that affordability, already at a near four-decade low, will not show significant improvement for at least the next two years. While anticipated Bank of Canada rate cuts are expected to reduce mortgage debt costs, they may also drive home prices higher, potentially offsetting affordability gains. Further, economic uncertainties, including trade tensions between Canada and the United States, have further dampened buyer confidence. Market Outlook for Buyers and Sellers Looking ahead, the market is expected to remain in a buyer-friendly position, with increased inventory providing more options for purchasers. However, affordability challenges and economic uncertainties may continue to influence buyer behavior. Prospective buyers and investors should stay informed and consider regional variations when making decisions in Ontario's evolving real estate landscape. For sellers seeking a successful sale in a reasonable timeline, it’s critical to stand out in a larger pool of available inventory. To achieve this, a strategic approach, including staging consultation, needed repairs completed, deep cleaning, and decluttering is critical. It also means being finely tuned into local pricing in your community. An overpriced property will languish on market when more competitive options exist. GET IN TOUCH As your trusted resource for all things real estate, we would be more than happy to provide you with additional insight on how to best prepare for buying or selling real estate. If you have any questions about the market, please reach out anytime. Want a better real estate experience? Call the Giles Team, we are always happy to help. NOT RECEIVING OUR NEWSLETTER? Send us an email so we can add your name and address to our monthly mailout. We look forward to connecting DK and Amanda
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