(Source: The Star)

Two weeks ago, late on a Saturday afternoon Barbara Warren took a quick look at an open house around the corner from where she lived. Seventy-two hours later, she’d gone from casual browser to having a signed purchase agreement closing in 90 days.

“It was that fast,” says Warren, who admits to a few frissons of buyer remorse.

That’s not to say she hadn’t already thought through the merits of buying. As the purchaser and owner in her household – her husband is an artist, woodworker and makes props for the movie business – she had been monitoring the market, weighing the financial merits and had already decided the right time to buy might be at hand.

Warren, 51, originally purchased a starter home in 1993, a townhouse on St. Clair Ave. E. near O’Connor Dr. in East York.

“Since then, I have been watching the Toronto real estate market, and as we all know, it’s been kind of stupid up until about the last six months,” says Warren, a tax consultant for a large chartered accounting firm. “I realized that the amount by which my house was appreciating, versus the amount by which prices were increasing on the kind of house I would want to buy, they were not keeping pace. In other words, I was falling behind.”

Read Ellen Moorhouse’s article “Signs of life return to housing market” in the Toronto Star (April 11 2009)

Developments featured in this article

More Like This

Facebook Chatter