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]

Our New Year mission to raise $10,000 for the Toronto SickKids hospital   My first exposure to Sick Kids hospital was more than 25 years ago. I was fairly new to the country.  My friend’s niece, who was about 2 or 3 years old at that time, was admitted in the Sick Kids hospital to repair a hole in her heart.  The ambiance was so great. I have visited many hospitals during my previous work as a Pharmaceutical Rep, but this place was amazing. There was... [read more]

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 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]

Don't Miss Your Mississauga Dream Home I am following up on your request from our Facebook page about the list of Mississauga homes for sale starting from $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 Mississauga for your review <<< As you know the home prices have come down quite a bit and there are some nice deals coming up... [read more]