Yasir Khan's blog

Technology is evolving every day, making our daily life more efficient and enjoyable. Switching on lights, setting thermostats, operating locks, and even your fridge controls are just one voice command or a click away, thanks to “smart upgrades.” Today, installation of automated devices plays a key part in contemporary homes. However, the benefits go beyond convenience and safety.

The average sales price for a home in the Canadian real estate market is around $740,000. Even when Toronto and Vancouver are removed from the equation, house prices are still more than $600,000. But believe it or not, there are still some places where you can buy a home for under $200,000.

Are the effects of the Bank of Canada’s (BoC) tightening cycle being felt in the Canadian real estate market?

When purchasing a home, one of the first steps is finding out just how much mortgage you can afford. The mortgage amount is determined on several factors, such as how much debt you carry, what your income level and if you pass the mortgage stress test. Prospective buyers often consult with a number of lenders to find the best mortgage rate available. This is where mortgage brokers come in.

When purchasing a home, one of the first steps is finding out just how much mortgage you can afford. The mortgage amount is determined on several factors, such as how much debt you carry, what your income level and if you pass the mortgage stress test. Prospective buyers often consult with a number of lenders to find the best mortgage rate available. This is where mortgage brokers come in.

The conventional wisdom has been that if you want to save on housing, you would leave the big city and move to small towns and rural communities where you can potentially find a single-family home within your budget. This traditional concept has been pushed aside with recent shifts in the Canadian real estate market.

Is it possible to have a down payment strategy in today’s sizzling Canadian real estate market?

The condominium market is on fire, especially in the major urban centres in the Canadian real estate market. After a deep decline in the first year of the coronavirus pandemic, driven by evolving consumer trends, the condo market has enjoyed an exceptional turnaround. Some housing market analysts think that 2022 could even be a record-breaking year for condo sales and prices.

The Bank of Canada (BoC) has said it will be use its monetary policy to tamp down inflation, which currently sits at a 30-year high, joining the chorus of central banks worldwide trying to grapple with the rapidly escalating cost of living.

TORONTO, ONTARIO, June 3, 2022 – Greater Toronto Area (GTA) housing market conditions continued to evolve in response to higher borrowing costs. Similar to April results, May 2022 sales were down on a monthly and annual basis. Conversely, active listings at the end of May were up on a month-over-month and year-over-year basis. More balanced market conditions have provided buyers with more negotiating power. As a result, while benchmark and average home prices were up substantially compared to last year, selling prices trended lower on a month-over-month basis.