Category: Real Estate
Are Mortgage Rates Rising Sooner than Expected?
Right now, we have historic lows for mortgage interest rates, and historic lows for inventory all across Canada (and the US). The question everyone has been asking is, “How long will this last?”
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Images of Future Toronto with All These New Condos
When walking down the streets of Toronto and you see all these development signs, do you ever wonder what the skyline will look like once these condos are built? I certainly do.
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Average GTA Home expected to top $1M
This year started with an unprecedented flurry of home purchases. It’s without a doubt that Toronto’s real estate market was off to a very strong start. The average selling price for January 2021 was up by 15.5 per cent to $967,885 year-over-year. [1] (compare that to $929,692 in 2020).
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Home Prices High b/c Canadians Want to Pay More
SELLER ASKS: “I’m thinking of selling my house, how is the market?” AGENT REPLIES: “Remember back in May when you were looking or toilet paper? Yeah, it’s like that.”
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5 Reasons why Toronto Housing Market is Nutty Now
For the past couple weeks, my fellow Realtors and I were faced with multiple offers from as little as 2 to as many as 32 (for real!). With our buyer clients, we have been on the edge of our seats hoping we will not get yet another notification that an offer has been registered. With our seller clients, even we were shocked with the amount of (bully) offers on re-listed properties that did not sell last year.
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A Tale of 2 Couples Trying Buy a Home in Toronto
Here’s a true story of a tale of two couples I am working with right now actively looking to buy a home in Toronto. Both sets of buyers are highly qualified: Young professionals with good jobs who saved money to buy their first home with savvy parents who are chipping in so that it will be a 50% down payment to secure them a good home and ensure a lower monthly mortgage payment.
So what is the only difference between both parties?
One couple is looking for a condo, while the other is looking for a house (detached or semi attached house). And here is a glimpse of their journey in finding a home to buy in Toronto.
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Toronto Home Prices Skyrocketed up 13.5% Last Year
Looking back at 2020, it was one record-breaking month after another in Toronto real estate. This is because mortgage rates are so low [i.e. 1.6%] and “Home” is everything now including one’s workplace, school and sanctuary.
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Best to Buy or Sell in Canada for 2021?
From my conversations this week I’ve had people ask me: for 2021 where will be the best places to buy? And when will be a good time this year to sell? Here are scenarios on whether you should buy or sell according to the mortgage industry.
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5 Canadian Housing Market Predictions for 2021
So what’s 2021 going to be like? What will condo rents downtown continue to decrease as single family homes continue to increase? When will borders open up again for travel an immigration?
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These Toronto Homes have the most Magical Holiday Displays
As a realtor and lover of travel I enjoy exploring new neighbourhoods. So for this year, I’ll settle for exploring a new neighbourhood in Toronto via visiting holiday light displays.
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Toronto Rents Now Down 20% Since Last Year
Normally by now, my job as a realtor winds down and my focus goes to holiday parties, and...
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Why are Homes Selling for 10.6% More Than Last Year?
As 2020 draws to a close, the average selling price for a home was 10.6% more this November than last November. Favorable conditions such as low borrowing rates –and not paying for monthly gym memberships– make it easier for purchasers to buy.
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