Here 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 ...
Continue Reading“Bank of Canada rate hikes, including the 50-basis point hike on June 1, are impacting home buyers in the short term. There is now a psychological aspect where potential buyers are waiting for a bottom in price. This will likely continue through the summer. However, as home buyers adjust to ...
Continue Reading“The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs, with the number of transactions down on a monthly and annual basis. As has been the case with previous rate tightening cycles, some home buyers have moved to the sidelines to determine how they will reposition ...
Continue Reading“Anecdotal information suggests that the market has eased somewhat during March, likely due to a combination of more supply, high prices, and the psychological impacts of the first interest rate increase by the Bank of Canada since 2018 and heightened uncertainty stemming from the Russian invasion of Ukraine.” Excerpt from ...
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