Get up to $200 from Peel Region for remedying your Rat issue
If you live in the Region of Peel and have been facing rat infestation issues, there is good news for you, you can receive up to $200 from the Region. The Peel Region has started a pilot project to help the residents to combat the rat infestation. The region says: “The Residential Rat Control Subsidy […]
December-2020 Housing Sales Analysis
Jan 9, 2021 The Toronto Region Real Estate Board (TRREB) has released the monthly sales figures for December 2020. A trend that was set after a month into the COVID-19 pandemic continues its steam in the last month of 2020, both in home sales and prices, that sees no stoppage soon. Looks like gone are […]
Canada’s housing market headed for another record year in 2021, says RBC Economics report
Jan 13, 2021 As you have read my analysis of The Toronto Region Real Estate Board (TRREB)’s monthly sales report for December 2020, here is an interesting report from the Royal Bank of Canada (RBC) Economics division. The bank put the heading of the report as “Canada’s housing market headed for another record year in […]
Analysis of TRREB home sales report for February 2021
March 5, 2021 CMHC’s report in May 2020, rang alarm bells by forecasting a crash of the Real Estate market by residential home prices tanking up to 29%. It raised many questions in the minds of would-be homebuyers, especially first-time homebuyers. It prompted an immediate rebuke by experts from major Real Estate companies, including RE/MAX, […]
A balanced housing market is good for everyone
March 31, 2021 As a Realtor, I have been listening to my clients’ concerns and try to find solutions. Among the many factors for incredible rising house prices in Ontario, especially in and around GTA, one major contributor could be the blind-bidding process. In many cases, we see the Asking price being much below the […]
Supply and demand is a natural phenomenon that dictates the market prices and Real Estate is no different
April 15, 2021 Supply and demand is a natural phenomenon that dictates market prices and Real Estate is no different. Canada is the envy of the world for her immigration policies and the way people from walks of life and varying backgrounds of religion, culture, colour, and language live in harmony without prejudice and feel […]
June 1, 2022 – The Bank of Canada (BOC) announced its second interest rate increase of 50 basis
As most analysts were expecting, the Bank of Canada (BOC) announced its second interest rate increase of 50 basis points bringing the rate to 1.5%. BOC is expected to continue upward rate increases for some time to come. Continued slowing down of the world economy driven by rising energy and food prices is contributing to […]
On April 17, 2021, Ontario government announced stricter stay-at-home order
April 17, 2021 Province of Ontario’s COVID-19 cases continues to climb at record-breaking levels. On April 17, 2021, Ontario reported more than 4,800 COVID-19 cases a day setting another daily record of the COVID019 cases in the province. Seeing the dire need in the province Trudeau Government is sending Red Cross to Ontario to help […]
May 2022 Sales Report by Toronto Regional Real Estate Board (TRREB)
After I shared with you my analysis based on the last Sales Report by Toronto Regional Real Estate Board (TRREB), I know you were anxiously waiting to know what is happening now in the market, especially after the effects of the BOC Rate increase by fifty base points. So let’s see the latest numbers released […]
As BOC eying on rate hike next year, how will it affect my dream of home ownership?
April 22, 2021 Despite the COVID-19 pandemic, the Bank of Canada sees a stronger than expected economic recovery hence is expected to raise the lending rate in the second half of next year, 2022. Is it good news for the homebuyers? The answer is yes and no. It is bad news for the buyers who […]