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]

7 Costly Mistakes Home Sellers Make (And How to Avoid Them) No matter what’s going on in the housing market, the process of selling a home can be challenging. Some sellers have a hard time saying goodbye to a treasured family residence. Others want to skip ahead to the fun of decorating and settling in a new place. Almost all sellers want to make the most money possible. Whatever your circumstances, the road to the closing table can be riddled with obstacles — from issues... [read more]

Upward Sales and Average Price Projected in Greater Toronto Area by Toronto Real Estate Board  New Research Shows Potential Land Transfer Tax Hike Would Hurt All Buyers and Sellers TORONTO, ONTARIO,  June home sales were up compared to last year, but remained below the March 2021 peak and were lower than the number of transactions reported for May 2021, consistent with the regular seasonal trend. The average selling price in June increased by double digits compared to last... [read more]

How to get Home Inspections done during Multiple Offers?     Welcome to this episode of Manoj Arora Real Estate Show! As you know, the real estate market has been going through an acute shortage of availability of homes for sale which is resulting in multiple offers coming on the property on the offer day. For the prospective buyer to have a winning offer, in addition to making an attractively priced bid, they by and large have to remove the conditions of Financing and... [read more]

9 Tips for Buying and Selling Your Home at the Same Time Selling your home when you still need to shop for a new one can feel daunting to even the most seasoned homeowner––especially when the demand for new homes keeps rising, but the supply feels like it's dwindling.¹ You're not alone either if you're already feeling drained by the complex logistics of trying to sell and buy a new home all at once.  Searching for a new home can be exciting, but many... [read more]