How to Become a Homeowner on a First-Time Buyer’s Budget It's not easy being a first-time home buyer right now. At the end of last year, housing affordability hit an all-time low.1 Additionally, mortgage rates have risen significantly since 2021, while inventory remains tight for many property categories, but especially for starter homes. Even lower-priced condos are harder to snag these days, as investors and downsizers muscle out first-timers by offering stronger, often... [read more]

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]

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]

Tight housing market conditions continued to support a double-digit annual pace of price growth in GTA Real Estate in March 2022 TORONTO, ONTARIO, April 5, 2022 – There were almost 11,000 Greater Toronto Area (GTA) home sales reported in March 2022, capping off the third-best March and second-best first quarter on record. Tight market conditions continued to support a double-digit annual pace of price growth, with an average selling price of $1.3 million. The average selling price... [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]