In the latest monthly Market Watch report (April 5, 2023) from the Toronto Regional Real Estate Board, we deduce that competition between buyers is on the rise; I myself am aware of many multiple offer situations occurring in the sales of low rise homes, especially detached homes, across the ...
Continue ReadingWhile the average selling price in February 2023 was down by 17.9% compared to February 2022, it’s worth remembering that prices peaked in February 2022 and then gradually came down over the months following, as interest rates increased, and buyers sat back and waited. Currently, some buyers are re-entering the ...
Continue Reading“GTA REALTORS Release January Stats. TORONTO, ONTARIO, February 3, 2023 – As we moved from 2022 into 2023, the Greater Toronto Area (GTA) housing market unfolded as expected. The number of January sales and the overall average selling price were similar to December 2022. On a year-over-year basis, both sales ...
Continue ReadingHere are a few of the most interesting (in my opinion) quotes from this month’s GTA Monthly Housing Report, prepared exclusively for Royal LePage Signature Realty by Urbanation Inc.: “2022 was an adjustment year for the GTA housing market, which occurred following overheated market conditions in 2021 and aggressive interest ...
Continue ReadingIn the Toronto Regional Real Estate Board’s Market Watch Report dated January 5, 2023, with respect to the year 2022, TRREB President Paul Baron commented: “Following a very strong start to the year, home sales trended lower in the spring and summer of 2022, as aggressive Bank of Canada interest ...
Continue ReadingJust Sold! . This 2-bedroom, 2-washroom condo with parking, locker and bike rack in Regent Park, Toronto, is now sold to a fortunate buyer. . If you or anyone you know is thinking about buying or selling a home in Toronto or the Greater Toronto Area, contact me to discuss. ...
Continue ReadingComing Soon to TRREB’s MLS® System, For Sale: A 2-bedroom, 2-full-washroom condo apartment complete with a parking spot, storage locker and a bike rack for 2 bicycles. Enjoy natural light and a view of a 6-acre park in this corner unit with floor-to-ceiling windows, 9-foot ceilings and a wraparound balcony. ...
Continue Reading“Market conditions remained much more balanced in July 2022 compared to a year earlier. As buyers continued to benefit from more choice, the annual rate of price growth has moderated. The MLS® Home Price Index (HPI) Composite Benchmark was up by 12.9 % year-over-year. The average selling price was up ...
Continue ReadingAverage home prices increased year-over-year, but decreased month-to-month. How long will this last? Watch the video here to hear my thoughts: https://www.youtube.com/watch?v=4NpCdwbkce4 And don’t miss the blooper at the end! Questions? Text/Call: 416-725-3544 Email: miiakellyrealestate@gmail.com Miia #GTArealestate #Torontorealestate #Pickeringrealestate #Ajaxrealestate #Whitbyrealestate #Oshawarealestate #marketupdate #realestateagent ...
Continue Reading“The shorter term impact of higher interest rates will not be with us forever. Supply remains the long-term challenge.” – Toronto Regional Real Estate Board Market Watch Report dated June 3, 2022. Questions? Text/Call: 416-725-3544 Email: miiakellyrealestate@gmail.com Miia #GTArealestate #Torontorealestate #Pickeringrealestate #Ajaxrealestate #Whitbyrealestate #Oshawarealestate #marketupdate #realestateagent ...
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