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GTA Housing Market Prices Declined 9.2% While Real Estate Sales reduced by 48% in December 2022

Saturday Jan 7th, 2023

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December 2022 GTA Housing Report

GTA Housing Market Prices Declined 9.2% While Real Estate Sales reduced by 48% in December 2022   The Greater Toronto Area (GTA) housing market experienced a marked adjustment in 2022 compared to record levels in 2021. Existing affordability issues brought about by a lack of housing supply were exacerbated by sustained interest rate hikes by the Bank of Canada. “Following a very strong start to the year, home sales trended lower in the spring and summer of 2022, as... [read more]

2023 Real Estate Market Outlook (And What It Means for You)

Tuesday Jan 3rd, 2023

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2023 Real Estate Market Outlook

2023 Real Estate Market Outlook (And What It Means for You) Last year, one factor drove the real estate market more than any other: rising mortgage rates.  In March 2022, the Bank of Canada began a series of interest rate hikes in an effort to pump the brakes on inflation.1 And while some market sectors have been slow to respond, the housing market has reacted accordingly. Both demand and home prices have softened, as the primary challenge for buyers has shifted from... [read more]

NEW GTA HOME LISTINGS DOWN WHILE THE AVERAGE REAL ESTATE SELLING PRICE LEVELS OFF IN OCTOBER

Thursday Nov 3rd, 2022

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October 2022 Housing Report

NEW GTA HOME LISTINGS DOWN WHILE THE AVERAGE REAL ESTATE SELLING PRICE LEVELS OFF IN OCTOBER TORONTO, ONTARIO, November 3, 2022 – Despite the continued housing market transition to a higher borrowing cost environment, the average selling price in the Greater Toronto Area (GTA) found some support near $1.1 million since the late summer. GTA home sales continued to adjust to substantially higher interest rates in October 2022, both on an annual and monthly basis. However, new... [read more]

You don't want to miss out on the perfect Brampton home

Monday Aug 1st, 2022

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Don't Miss your Perfect GTA Home

You Don't Want to miss out on the Perfect Brampton Home This is a follow up on the requests I received from our Facebook page about the list of 4 BR 4 bath Detached homes in Brampton with finished Basement for sale under $1.5 Million. I sent out a list to you recently. In case you didn't get it, you can get the access here again> >>>Here is the list of currently available homes in Brampton for your review:<<< As you know the home prices have come... [read more]

Should you get preapproved for a mortgage before you start house hunting?

Saturday Aug 6th, 2022

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Should you get Mortgage Preapproval

Should you get preapproved for a mortgage before you start house hunting? And the answer is BIG YES!! Here are three reasons why: You’ll find out how much home you can really afford. You’ll gain credibility when you’re ready to make an offer. You’ll speed up the buying process. In fact, this could be a costly mistake not to get the mortgage pre approval done. To help home buyers protect from this and other common pitfalls there is a new FREE... [read more]

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