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Yasir Khan

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Toronto Real Estate: Condo Market Share Rises to 36.3%

Despite a late summer rebound in the condominium sector, buying activity in the Greater Toronto real estate market remains more than 30 per cent off last year’s robust levels. Between January and August of this year, almost 21,000 condominium apartments and townhomes were sold, a stark contrast to the 30,383 sales that occurred during the same period in 2021. Values, however, have trended higher in the GTA, with the average condo price now sitting at $796,457, up from $688,137 one year ago.

GTA REALTORS® Release September Stats

The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs in September 2022. Sales for the month reached 5,038, but were down by 44.1 per cent compared to September 2021. New listings were also down on a year-over-year basis by 16.7 per cent to 11,237. This was the lowest number of new listings reported for the month of September since 2002. This is especially troublesome given that the stock of homes in the GTA increased markedly over the last 20 years.

Are Higher Fixed Mortgage Rates Here To Stay?

One question many Canadians are asking is are higher fixed mortgage rates here to stay?

What Reno Gives the Best ROI? This, and More Canadian Real Estate Answers

Will the carpet in my bathroom increase or decrease my property value? Ummm, downward movement is very likely (yuck!) but just how much will depend on a number of different factors. Whether you’re buying, selling or just browsing, and you’re not sure what’s relevant in the current Canadian real estate market, then you’ve come to the right place.

What It Means to Be House Poor – and How to Avoid It

You’ve got your mortgage pre-approval, and you’re shopping the market for your perfect home. If you find one that’s priced too close to your limit, you run the risk of being house poor. Let’s look at what it is, what you can do to avoid it, and what to do if you are already house poor.

Can my real estate agent collect a referral fee?

When selling a house, the agent is allowed to collect a referral fee when they connect the buyer or seller with a service provider, but there are rules. See what the agent must disclose about referrals.

Very important.....

What is Renovation Mortgage Financing?

The good news is that you’ve found your dream home. The bad news is it’s a bit of a fixer-upper. You’ve saved for the down payment but do not have the money to undertake the necessary renovations. Fear not, homebuyer! There are many options available to help you finance the renovations, so you can stop dreaming and start enjoying your new home.

What the Bank of Canada’s Interest Rate Hikes Mean for Homeowners

In 2022, the Bank of Canada (BoC) has been raising interest rates at the fastest and most significant pace since 1998. In July, the organization increased the benchmark rate to 2.5 per cent for the first time since 2009, when the global economy was coming out of the financial crisis. Here’s what the Bank of Canada’s interest rate hikes mean for homeowners.

Toronto Regional Real Estate Board Market Update August 2022

GTA REALTORS® Release August Stats

TORONTO, ONTARIO, September 2, 2022 3 There were 5,627 home sales reported through the Toronto Regional Real Estate Board9s (TRREB) MLS® System in August 2022, representing a year-over-year dip of 34.2 per cent 3 a lesser annual rate of decline compared to the previous four months. The August sales result also represented a month-over-month increase compared to July.

Why Fall Might Be the Best Time to Sell Your Home

About the time pumpkin spice lattes hit the menu at your local café you may want to have your house ready to hit the market. Why? Next to spring, fall is arguably the best time to sell your home. In fact, it may even have some advantages over the spring market. Read on to learn why fall might be the best time to wear plaid, indulge in everything pumpkin and sell your home.

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