Selling

When is the Best Time to Sell Your Home in Toronto

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Wondering about the best time of year to put your home on the market? You’re not alone. Every year, countless sellers ask us whether they should hold off until a particular season before listing.

Most of the time, it’s a question of choosing spring or fall. While there are also some potential benefits associated with selling in the summer or winter, family vacations and the holiday season mean that most sellers opt for the milder months.

In this post, we’ll look at whether it’s best to sell your home in Toronto during the spring or fall market…

Spring market

In Toronto, the spring market starts in early February and runs through the end of May. Many sellers are surprised by this, since the season doesn’t officially start until March 19th. Fortunately, you don’t have to wait until the cherry blossoms are in bloom to take advantage of this prime selling period!

By the time the spring market hits, the holidays are over. Life is less hectic, and the new year has brought with it a sense of renewal that makes buyers feel ready for a change. Not only that, but the warmer weather means a more pleasurable home hunt, further motivating those who want to start the search. Put simply, buyers tend to flood the market in the spring—and they’re ready to make a purchase!

The benefits to you as a seller are clear. Generally speaking, the large number of home hunters out searching increases your chances of receiving multiple offers. That competition could ultimately result in a higher sale price and better conditions. We also can’t forget about curb appeal! In the springtime, it doesn’t take much to make your home’s exterior look incredible.

The fall market

In Toronto, the fall market runs from the beginning of September until the end of November. While conventional wisdom says that spring is the best time to put a home up for sale, that’s not always the case. Selling in autumn also provides some pretty impressive benefits.

At this time of year, buyers are primed to find their dream homes. The cottage trips and summer vacations are over, and families are settling into the school year. The return to routine means home hunters have more time to focus on buying—and making a big move.

Before the holidays, the market tends to slow down. As a result, there are fewer properties available—but buyer demand is still going strong! That’s good news when it comes to the perceived value of your home. Since there aren’t quite as many options for buyers, this is a great to make your property stand out.

Lastly, if any season can compete with spring when it comes to curb appeal, it’s fall. Making the most of autumn colours will help your home shine, while the temperate weather will help draw potential purchasers out.

The bottom line

So, when is the best time to sell your home in Toronto? The short answer is, whenever you’re ready. Listing during either the spring or fall market can lead to significant benefits, since these tend to be convenient periods for buyers and sellers alike. That said, even the winter holidays and the peak of summer can be great times to sell. It all depends on your needs, goals, and preferences.

If you’re thinking of selling, start by finding an agent who knows the market—and how to make the most of it, in any season. Are you ready to take the first step toward a successful sale?

Ready to sell your home? We’d love to walk you though the process! Get in touch with us to get started.