Same GTA Real Estate Story - Inventory Low, Sales Decline, Home Prices Further Up in February 2022

Friday Mar 4th, 2022

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Same GTA Real Estate Story -  Inventory Low, Sales Decline, Home Prices Further Up in February 2022   February home sales were down compared to the all-time record in 2021, but represented the second-best result for the month of February in history. New listings dropped, but by a marginally lesser annual rate than sales, pointing to a modest move to a slightly more balanced market. Competition between buyers, however, remained tight enough to support double-digit price... [read more]

Bank of Canada Increases the Overnight Lending Rate to 0.5%

Wednesday Mar 2nd, 2022

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Bank of Canada increases overnight lending rate

Bank of Canada Increases the Overnight Lending Rate to 0.5% The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. The Bank is continuing its reinvestment phase, keeping its overall holdings of Government of Canada bonds on its balance sheet roughly constant until such time as it becomes appropriate to allow the size of its balance sheet to decline. The unprovoked invasion... [read more]

January 2022 Home Sales Dip from Last Year’s Record Result in Greater Toronto Area

Monday Feb 7th, 2022

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Jan 2022 GTA Housing Market Report

January 2022 Home Sales Dip from Last Year’s Record Result in Greater Toronto Area • There were 5,636 sales reported through the TRREB MLS® System in January 2022 – down by 18.2 per cent compared to 6,888 sales in January 2021. While sales were down substantially compared last year’s record result, the January 2022 result was the second best in history for the month. This result is in line with TRREB’s forecast for a strong sales result in 2022, but off... [read more]

3 Hot Real Estate Market Wishes to Avoid

Tuesday Jan 18th, 2022

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3 Hot Real Estate Market Wishes to Avoid

3 Hot Real Estate Market Wishes to Avoid   “Oh, how I wish…” started no wise real estate decision ever.  When the real estate market is hot, engaging in wishful thinking is not just fool hardy, it can be costly. So, Here are 3 home-buying wishes to avoid: I Wish the house was in a different neighbourhood. If you don’t like the area, don’t buy the house simply because it’s in your price range. Make sure it satisfies in other... [read more]

Making Dollars and $ents of this Crazy GTA Real Estate Market

Tuesday Dec 14th, 2021

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Making Dollars and $ents of this Crazy GTA Real Estate Market What Are You Waiting For GTA Home Sellers? Attention Home Onwers and Real Estate Investors: In this episode of Manoj Arora Real Estate Show, I wanted to share the craziness which is going on in the Greater Toronto Area housing market with actual sales examples of Mississauga Properties in recent past which may encourage you to think about your plan of selling the property(ies) you own. One thing is for sure, this may... [read more]

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