A Return to ‘Normal’? The State of Real Estate in 2022

Monday Jan 3rd, 2022

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The State of GTA Real Estate in 2022

A Return to ‘Normal’? The State of Real Estate in 2022   Last year was one for the real estate history books. The pandemic helped usher in a buying frenzy that led to a record number of home sales and a historically-high rate of appreciation, as prices soared by a national average of 19.9% year over year, according to the Canadian Real Estate Association.1 There were signs in the second quarter that the red-hot housing market was beginning to simmer down. In June,... [read more]

November 2021 Home Sales Achieved a New Record with Real Estate Prices Reaching a New All-Time High in Greater Toronto Area

Monday Dec 6th, 2021

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November 2021 Real Estate Market Update

November 2021 Home Sales Achieved a New Record with Real Estate Prices Reaching a New All-Time High in Greater Toronto Area TORONTO, ONTARIO, December 3, 2021 – Home sales reached a new record for the month of November, and the average selling price also reached a new all-time high. New listings were down substantially compared to last year for all market segments – further highlighting the inherent supply issue across all home types in the Greater Toronto Area (GTA). GTA... [read more]

Upward Sales and Average Price Projected in Greater Toronto Area by Toronto Real Estate Board

Friday Jul 9th, 2021

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June 2021 GTA Real Estate Market Report

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]

New Build or Existing Home: Which One Is Right for You?

Wednesday Nov 3rd, 2021

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New Build or Existing Home?

New Build or Existing Home: Which One Is Right for You? Homebuyers today are facing a huge dilemma. There simply aren’t enough homes for sale.1 Nationwide, the number of newly listed homes dipped slightly in September, down 1.6% from August. According to the Canadian Real Estate Association, that’s only about 2.1 months of inventory, which is far less than the five to six months that is generally needed to strike a healthy balance between supply and demand.2 Given the... [read more]

How to get Home Inspections done during Multiple Offers?

Friday Oct 29th, 2021

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How to get home inspection done in multipe offers?

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]

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