Home sales report – May 2021
June 3, 2021 Contrary to one’s wishes the Real Estate market continued its upward flight through May 2021. Although Toronto Region Real Estate Board (TRREB)’s latest sales report for May 2021, shows a slight adjustment in the overall transactions which was down by about 9%, the Sales Price continued the upward trend with over 1% increase compared […]
Ontario’s three-phased opening plan
June 7, 2021 The COVID-19 pandemic has changed our lives forever in the way we work (mostly work from home these days), the way we meet people (social distancing), personal hygiene (washing and sanitizing our hands), protecting ourselves and others (wearing masks), and the list goes on. While we are eagerly waiting to get out […]
How often and when does the Bank of Canada make interest rate announcements
With the recent major rate increase announcements one after the other by the Bank of Canada, many are eager to know when is the next announcement by BOC so that they can arrive at a strategic decision about their home buying or selling decision. A general perception is that the rate announcements are made quarterly […]
CMHC Predicts home price to go down by up to 18%
June 6, 2020 A recent forecast from CMHC of a potential decrease in home prices by up to 18% has raised many questions. First, what are the assumptions CMHC based their report on, what the market stats are reflecting, and what is the rationale behind their thought process, and many more? It has also created […]
Incentives and interest-free loans of up to $125K for Toronto’s homeowners
If you own a home in Toronto, there is good news for you. The city of Toronto has announced incentives and interest-free loans of up to $125K for 15 and 20 years. The enhanced Home Energy Loan Program (HELP) is designed to help Toronto homeowners make their homes more energy-efficient and help reduce carbon emissions, […]
Ontario Reopens facilities in Phase 2
June 8, 2020 Good news, especially for faith communities, amid coronavirus pandemic, Ontario is reopening the places of worship from Friday, June 12, 2020, across the province, with social distancing in place and not more than 30% of capacity. All other facilities in Toronto city and most of the areas surrounding GTA and GTAH would […]
The Bank of Canada is expected to make the next rate announcement on Wednesday, September 7, 2022
Wednesday, September 7, 2022, the Bank of Canada is expected to make the next rate announcement. According to most analysts, this time BOC would increase the rate by .75%, bringing it to 3.25%. Bank of Canada’s main target has been to control the nearly 40-year high inflation rate. With BOC’s aggressive rate hikes, the exploding […]
TRREB home sales report for June 2020
July 9, 2020 A lot many people were skeptical about home prices during and after the COVID-19 pandemic. I have been consistently saying, contrary to what self-claimed experts were trying to create a gloomy picture of the market, the market would not crash instead it will be on wheels sooner than later. With the latest […]
Market trends after the TRREB report for the month of August 2022
As promised in my last blog, here is my analysis of the latest Real Estate market report, issued by TRREB, for the month of August 2022. Residential Sales Market: According to the Toronto Region Real Estate Board (TRREB), total sales and purchase transaction continued their downward trend when compared with the same month in the […]
How to safeguard your Online shopping
July 30, 2020 Due to COVID-19 pandemic retails sales have plunged but online sales have doubled, according to a recent report published by CBC. With the increase in online shopping, many think about the risks of online fraud. I have summarized the main points from an article from Equifax, a credit monitoring service provider, below […]