Bank of Canada’s aggressive stance to control inflation has not changed the course
Bank of Canada’s aggressive stance to control inflation has not changed the course with its, most anticipated, announcement on Wednesday, September 7, 2022, of a .75% increase in the overnight lending rate, bringing it to 3.25%, the fifth increase this year. The BOC started with a .25 percent rate at the beginning of the COVID-19 […]
TRREB home sales report for July 2020
Aug 7, 2020 July sales figures are out by TRREB (Toronto Region Real Estate Board). The report shows a continuing upward trend in sales as well as the average selling price. Sales went up a whopping 49.5% compared to the last month of June while it went up by 29.5% compared to the same month […]
The Canadian Federal government is offering up to $40K in interest-free loans payable in 10 years
When I wrote the blog on Toronto city’s offering of interest-free loans, I received several messages inquiring if similar loans are available in other cities. Today I am glad to bring you the good news you were waiting for, the Federal government is offering up to $40K in interest-free loans payable in 10 years through […]
Monthly Home Sales Analysis for the month of August 2020
Sep 4, 2020 Monthly sales figures for the month of August 2020 are released by TRREB (Toronto Region Real Estate Board). The month of August has shown another steep upward trend both in home sales and prices. August Sales went up a whopping 40.3% compared with the same month a year ago in August 2019. […]
Canadian Immigration Minister Announces over a million immigrants to come in next three years to help boost the economy
Oct 31, 2020 During the COVID-19 pandemic, the immigration process has slowed, if not to a grinding halt. Canada cannot survive without the induction of new immigrants, population replacement wise as well as to run her economy we need new immigrants. Canada’s immigration history is as old as her age. According to Stas Canada “since […]
How would like to own a 2-year new bungalow for a price less than a condo in Toronto?
Yes, you can for just shy of $650K. The motivated seller has reduced the price to sell. Comparable properties in the neighbourhood are/have selling/sold in the range of $700K to $800K. This only about two years new 2 bedrooms, 2 full washrooms Bungalow in the soft after new development area in Ingersoll presents an open […]
TRREB home sales report for October 2020
Oct 5, 2020 Monthly sales figures for the month of October 2020 are released by TRREB (Toronto Region Real Estate Board). The month of October has shown a consistent double-digit upward trend both in home sales and prices. October Sales went up more than 25% compared with the same month a year ago in October […]
A practical solution to the housing crisis
Housing supply and affordability is a hot topic forever but have become even more important nowadays, considering the rising home prices we have witnessed recently. As a professional Realtor, I face this question every day: How can the public in general and our youth in particular, afford to ever acquire their own home? We have […]
Monthly Real Estate Sales Analysis for the month of November 2020
Dec 5, 2020 Monthly sales figures for the month of December 2020 are released by TRREB (Toronto Region Real Estate Board). With the latest sales figures for November 2020, it seems as if the continuous double-digit upward trend, both in home sales and prices, is unstoppable. November residential sales have once again shown us a […]
October-2022 Housing Report Review
October-2022 Housing Report Review The Toronto Region Real Estate Board (TRREB) has released its October-2022 housing market report, here is a quick review of the report for your benefit. The Sellers are holding tight onto their properties as a result there were 11.6% lesser new listings in the market compared to last year. The market […]