Category: Blog

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 sought-after new development area in Ingersoll presents an open concept Great Room with fireplace, Dining Room and modern kitchen with stainless steel appliances (fridge, stove/oven, built-in microwave, and dishwasher). You can relax under the 9-feet cathedral ceiling watching your favourite programs in front of the fireplace. You can park all your gadgets in the two-car drywalled garage and have additional space on the 4-car interlock driveway.

This exciting property is only a couple of minutes’ drive to Hwy-401, Alexandra hospital and about 3 minutes to downtown Ingersoll.

To keep you cool and worry-free warmth during cold winter times, it is equipped with the latest HVAC equipment including a Gas Furnace, Electronic air filter, A/C and HRV, Water Softener, Water Filtration System, and Tankless Water Heater (Rental).

If you are looking for an affordable newer and worry-free property out of GTA then your dreams have come true.

I will be happy to answer any queries or arrange a private showing for you or your friends. I can be reached at my direct telephone number 416-908-5600 or email me at info@aqmuftirealty.com.

Please note, this is not to solicit anyone who is already contracted with their Realtor. Those who are in contract please contact me through their Realtor.

Here is the link to the property listing:
https://www.aqmuftirealty.com/ON/ingersoll/n5c0e3/10756785-MLS-X5773373-na-19-Sutherland-Cres

Please note, to have full access and search any property with Sold prices, please register once and enjoy all the benefits my professional website provides for home buyers/sellers alike. There is a wealth of useful information besides property search, just relax and explore.

There is always a better solution a professional can provide, sometimes beyond one’s thoughts.

If you have any questions or would like to discuss your unique needs and goals, please don’t hesitate to contact me at 416-908-5600. I’m here to help you find the perfect, tailor-made solution.

If you found this review helpful, I would greatly appreciate it if you could kindly leave a Google Review for my real estate services at

A. Q. Mufti Google Review

Thank you for your continued support!

A. Q. Mufti

Your Trusted Realtor in Mississauga, Oakville, Milton and beyond.

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 2019. The overall sales were slightly down (-4%) compared to last month.

Continuing an upward trend, the Average Sales Prices were higher from last month for the fourth month in a row, a slight increase of .3%, seeing a massive almost 14% increase from last year.

So, putting it in perspective, if you purchased a house for a million dollars last year, you’ll be celebrating now for having a gross appreciation in the tune of $140K just in one year.

Despite the COVID-19 pandemic, it seems that both Buyers and Sellers have boldened their confidence as the time passes bringing in more than 36% more new listings to the market, compared to the same month last year, though it was slightly lower (-6%) compared to a year ago.

Having lesser listings in the market it has created a supply and demand scenario and people are on the hunt for buying good properties resulting in reducing the number of days a listing remains on the market by 27% compared to last year that is from an average of 33 days it took to sell a property to bringing it down to an average of 24 days to sell the property.

The average days to sell the property, compared to last month, shrunk by over 26%, that is from an average of 23 days to an average of 17 days to sell a property.

So in short, on average, we are seeing that it takes almost 2 weeks to sell a property.

With this confidence, supported by historic low-interest rates, both Buyers and Sellers are rushing into the market filling the vacuum during the early days of COVID-19.

We are seeing the continuation of multiple offers and over asking prices in many areas in and around the GTA.

A quote from a previous blog that stands true to the moment “Contrary to the general impression that due to COVID-19 the home sales would be down and eventually the prices would see some pruning during this period, what we are seeing is multiple offers and properties selling over asking prices, and the trend is continuing upward without looking back.”

Please see the attachment for the infographic from TRREB.

Take care of yourselves and follow the safety precautions defined by healthcare professionals.

Please pray for the safety of all and the cure for COVID-19 to be found at the earliest.

#BeSafeAndHelpOthersBeSafe

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 seen several steps (including NRST, mortgage Stress Test, a ban on foreign buyers’ purchases, changes to Zonings etc.) taken by various governments at federal, provincial and municipal levels.

Unfortunately, these measures took a short pause in the housing market but could not make a major dent in the rising housing prices. I remember a detached home in the mid-90s or even early 20s was priced in the range of $200K to $300K, which seems to be a fairy tale these days.

In March 2022, the Ontario government announced the increase in Foreign Buyers Tax (NRST) from 15% to 20% and expanded the area to include the entire province, not just the Golden Horseshoe area. In addition, the government also banned any foreign-buyer purchases until 2024.

On October 25, 2022, Finance Minister Peter Bethlenfalvy announced a further bump in the NRST (Non-Resident Speculation Tax) raising it to 25%, making it the highest tax rate in Canada.

In the past, when NRST was brought into effect, there was a general perception that the increase in housing prices is due to a large number of foreign nationals buying properties for investment purposes. But the StatsCan report, published on December 19, 2017, showed that the total foreign buyers contributed only 3.4% and 4.8% of all residential properties in Toronto and Vancouver, respectively, (https://www150.statcan.gc.ca/n1/pub/11-626-x/11-626-x2017078-eng.htm). Having said that, the non-resident buyers do concentrate more on the condo buildings occupying 44% and 53% of condos in Toronto and Vancouver respectively.

Raising the NRST rate may not have the desired results of solving the real issue of supply and demand in the housing sector as it may only affect a small percentage of total homebuyers having almost no effect on the housing demand.

Pushing for increased housing supply within the major urban centres still may not get us the desired results. It would rather introduce more problems of traffic jams on the existing overcrowded road networks.

What I see is the lack of long-term planning at each governmental level to tackle the real issue.

The major reason that is being ignored is the fact that most people like to live around the cities where jobs and amenities of life are easily accessible and less commuting time to and from work. Hence the population flocks to existing major cities where those requirements are met.

Area-wise, Canada is the second largest country in the world but most of the development has been concentrated on a tiny portion of our huge land, mainly in and around GTA-Ontario, Montreal-Quebec, Vancouver-BC, and Calgary and Edmonton-Alberta. Out of these, most of the population tends to live in and around GTA, Vancouver, and Montreal.

The governments need to plan new cities and give incentives for new businesses to move to those cities.

Creating more and more high-rise buildings in the main city hubs may resolve one issue but add even more stress on the road network which is already over-stressed and there is practically no room left for the new roads to be added.

We have plenty of land available just a few minutes outside the major cities which can be further developed for new business centres and additional housing.

I hope this message crosses the eyes of the decision-makers and we see some concrete planning coming out at each of the three levels of government (Federal, Provincial, and Municipal) in Canada soon.

There is always a better solution a professional can provide, sometimes beyond one’s thoughts.

If you have any questions or would like to discuss your unique needs and goals, please don’t hesitate to contact me at 416-908-5600. I’m here to help you find the perfect, tailor-made solution.

If you found this review helpful, I would greatly appreciate it if you could kindly leave a Google Review for my real estate services at

A. Q. Mufti Google Review

Thank you for your continued support!

A. Q. Mufti

Your Trusted Realtor in Mississauga, Oakville, Milton and beyond.

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 double-digit upward trend by having more than 24% more sales compared with the same month a year ago in November 2019. Seasonally adjusted sales compared with last month were slightly down (-2.1%).

Average Sales Prices continued their strength by seeing a double-digit growth of 13.3% higher than the same month a year ago in 2019. Home sales prices continue to rise from last month by about 1%.

Seeing the continuous upward trend in housing prices, it seems like, more and more Sellers are coming into the market with new home listings getting an increase of almost 34% in November 2020.

Although multiple-offers and over-asking prices have become almost a norm in this fast-paced market it also looks like the Buyers have a bit more choices at hand so the average Sales-to-New-Listing Ratio went down by 6%.

It is also very interesting to note that a property stays fewer days in the market to sell, that is 28 days compared to 38 days compared to the same month last year, a noticeable 20% fewer days in the current market.

This trend of quicker sales has also squeezed from last month of October from 24 days to sell to now 19 days, a drop of almost 21%.

It is very important to know that in the last ten years the benchmark Home-Price-Index (HPI) has recorded more than 200% growth from the year 2010 to date. Except in the period between 2017 and 2018 where the Index saw a plateau, the trend continued its strength Northward.

Banks are offering historic low mortgage rates. According to a recent article in the Globe and Mail, HSBC is offering less than a 1% variable mortgage rate.

With higher Sales prices the Sellers are getting into the market while seeing the historic low mortgage rates the Buyers can afford their dream homes and are shopping for the best deals.

With both Sellers and Buyers benefitting from the current market conditions, the Real Estate market in major urban centres, especially in and around GTA, seems like there is no returning back.

A quote from a previous blog that stands true to the moment “Contrary to the general impression that due to COVID-19 the home sales would be down and eventually, the prices would see some pruning during this period, what we are seeing is multiple offers and properties selling over asking prices, and the trend is continuing upward without looking back.”

Please see the attachment for the infographic from TRREB.

Take care of yourselves and follow the safety precautions defined by healthcare professionals.

Please pray for the safety of all and seeing an end of the COVID-19 pandemic soon.

#BeSafeAndHelpOthersBeSafe

If you like what you read, I will ask you to leave your gracious Google Review at:

A. Q. Mufti

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 felt a squeeze on the overall activity as the total transactions were reduced by almost 50% compared to the same month last year. It saw a negligible increase of 0.1% compared to last month, September, though.

It took almost double the time (83.3% more) for a property to sell. Similarly, Sales to New-Listing took a hit by 35% fewer sales during the period. The average number of days a listing remained in the market saw an increase of 61.5%, from 13 days last year compared to 21 days in October 2022. The Average Selling price saw a further decline of almost 6% compared with the same period last year. It is interesting to note that the Selling price is forming a plateau as there is no change month over month, September-October, this year.

The overall situation for Condominium Sales followed the trend set by the home sales except in price which saw a 4.5% increase compared to last year in Q3. Condo inventory was reduced by 16% compared to Q3-2021 while sales were down by 46.4%. Condos took more time (31.6% increase) to sell which is 25 days compared to 19 days in Q3-2021.

Condo rental inventory saw a squeeze of 17.3% fewer Units available to rent as a result average 1-bedroom apartment rent went up by 20.4%, from $2,061 last Q3 to $2,481, this quarter.

The Commercial sales took a hit by 42.3% while the leasing activity was reduced by 12.7%.

The average Industrial Leasing per square feet rate went up by 20.3% to $13.33/SF, the Average Commercial/Retail by 32.4% to $26.58/SF, and the Average Office Leasing rate saw a 17.5% uptick to $18.81/SF.

There is always a better solution a professional can provide, sometimes beyond one’s thoughts.

If you have any questions or would like to discuss your unique needs and goals, please don’t hesitate to contact me at 416-908-5600. I’m here to help you find the perfect, tailor-made solution.

If you found this review helpful, I would greatly appreciate it if you could kindly leave a Google Review for my real estate services at

A. Q. Mufti Google Review

Thank you for your continued support!

A. Q. Mufti

Your Trusted Realtor in Mississauga, Oakville, Milton and beyond.

I am a firm believer that all our government policies should be citizens centred.

The policy and decision-makers should thoroughly analyze the impact of their policy changes and decision-making.

Theories and book knowledge are good but those are as good as a tool. We should know if that tool is still good or outdated. It is a constantly changing world and old theories get replaced by new research and new ideas to guide us to face the challenges of the new world.

Controlling inflation is the responsibility of the decision-makers at the helm but one should evaluate the cost paid by the citizens. The question should be asked if our people would be better off in a booming economy, having jobs, bringing bread to the table, and unemployment being at the lowest or increasing unemployment, people worried about paying their mortgages and having them lined up at the food banks is the desired target?

The current situation is quite clear for the decision-makers for wise choices to make.

Here is an interesting article from the Toronto Star: https://www.thestar.com/business/opinion/2022/12/15/the-bank-of-canada-says-the-plan-always-works-history-says-otherwise.html?utm_source=share-bar&utm_medium=user&utm_campaign=user-share 

If you have any questions or would like to discuss your unique needs and goals, please don’t hesitate to contact me at 416-908-5600. I’m here to help you find the perfect, tailor-made solution.

If you found this review helpful, I would greatly appreciate it if you could kindly leave a Google Review for my real estate services at

A. Q. Mufti Google Review

Thank you for your continued support!

A. Q. Mufti

Your Trusted Realtor in Mississauga, Oakville, Milton and beyond.

Dec 7, 2020

Work remotely/from home has become a norm and may very well change the way the corporate world’s employees work and/or commute for their daily jobs.

While working from home some expenses could creep up without you knowing it.

Printer supplies such as paper, ink, possibly purchasing a new work desk, perhaps buying a new monitor, keyboard, and a mouse, have a higher speed internet connection etc. are just a few items that you may need to perform your daily office work from home.

Some companies have helped their employees by either providing the required furniture and equipment or reimbursing the expenses but others have not offered any support so far.

The good news is that the Canadian government has announced a tax deduction of up to $400 for work-from-home employees who have incurred “modest expenses” in 2020 due to working from home.

Although there are other options for employees to benefit from tax deduction the new $400 deduction is there to help without much hassle.

To qualify for this tax-deduction you must have been working from home because of the COVID-19 pandemic. It means that if you were already working from home before the COVID-19 pandemic, you will not be eligible for this incentive.

The good thing is, this tax-reporting is on an honour basis and does not require expense receipts, as many have realized the expenses only long after they may have lost their receipts.

Although it may not sound like a big amount it may lower your income bracket and save you even more in return, as it is said every penny counts.

Take care of yourselves and follow the safety precautions defined by healthcare professionals.

Please pray for the safety of all and seeing an end of the COVID-19 pandemic soon.

#BeSafeAndHelpOthersBeSafe

If you like what you read, I will ask you to leave your gracious Google Review at:

https://g.page/AQMufti/review?rc

February-2023 Housing Report Review

Toronto Region Real Estate Board (TRREB) has released its February-2023 housing market report, here is a quick review of the report for your benefit.

It seems like the market is still struggling, with a decrease in the number of residential properties exchanged ownership compared to last year. However, there is some good news with an uptick in the number of real estate transactions compared to January-2023.

Almost half the number of residential properties exchanged ownership, (-47%), in February this year as compared with the same month in 2022.

But there is light at the end of the tunnel as we saw an uptick in the number of real estate transactions, (+8.5%), in February compared to January this year.

It is good news for the Buyers to see the average selling price continuing to decline, with a significant drop compared to last year. This may be due to sellers holding onto their properties, as seen by the decline in new listings compared to last year.

The Average Selling price continues southward, seeing a significant drop of -17.9% while comparing with last February-2022 and -0.7% compared with January-2023.

It looks like the Sellers are still holding on to the properties as we saw a -40.9% decline in the new listings compared with last year in the same month.

The increase in the number of days a property remained in the market compared to last year is a significant contrast, which indicates that properties are not selling as quickly as before.

Even though new listings came into the market but not all properties were sold as we saw a -7% decrease in the Sales-to-New listings ratio.

A huge contrast and shifting of gears was seen when considering how long the properties remained in the market in February-2023. It saw a whopping +200% increase in the number of days a property remained in the market when compared with last year of the same month.

On the condominium apartment side, although sales were down by more than half, the average selling price remained unchanged. However, the number of apartments sold compared to new listings saw a significant decrease, and the apartments remained longer in the market.

When comparing with the Q4-2021, although Condominium Apartment Sales were down more than half, -54.1%, the Average Selling price remained unchanged at $710,246.

Total new listings of Condos entering the market also saw a decline of -14.3%, compared with Q4 of 2022 with Q4 of 2021.

In Q4, there were far fewer apartments sold compared to new listings, which is a -41% decrease, compared to Q4 of 2021. The apartments remained 50% more days in the market in Q4.

The decline in rental apartment transactions and the increase in rent for one-bedroom apartments is worrying for renters. This may be due to the decrease in available apartments for rent in the market.

The number of Rental Apartment transactions saw a significant decline of -19.9% when comparing the Q4s of 2022 and 2021.

A +19% increase in rent of one-bedroom apartments was worrisome for the renters, seen in Q4. This increase could be the result of a decrease (-11.8%) in the number of available apartments for rent in the market in Q4.

On the commercial side, there was a decline in leasing and sales activity, except for industrial and office leasing, which saw an increase. However, the overall average for commercial leasing saw a decrease.

On the Commercial side, year-over-year leasing activity saw a -7% decline in the month of February-2023.

Commercial Sales saw a bigger drop of -47.9%, compared to last February.

On the contrary, Industrial and Office leasing saw an increase of 31.3% and 9.8%, respectively. But when combined the average saw a -13.2% decrease.

Overall, the market seems to be still struggling, and it will be interesting to see how it progresses in the coming months.

Professionals have the expertise, knowledge, and experience in their respective fields, which allows them to provide innovative and effective solutions to problems that individuals might not have thought of themselves. Seeking the assistance of a professional can often lead to better outcomes and help individuals achieve their goals more efficiently and effectively.

If you have any questions or would like to discuss your unique needs and goals, please don’t hesitate to contact me at 416-908-5600. I’m here to help you find the perfect, tailor-made solution.

If you found this review helpful, I would greatly appreciate it if you could kindly leave a Google Review for my real estate services at

A. Q. Mufti Google Review

Thank you for your continued support!

A. Q. Mufti

Your Trusted Realtor in Mississauga, Oakville, Milton and beyond.

Mar 18, 2020

Canada’s six largest banks (Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada and Toronto-Dominion Bank) have stood up to the occasion and in these challenging times, they have offered to defer up to six mortgage payments to give relief to families hit by COVID-19.

It is times like these individuals and institutions come forward to help each other.

Remember, I may be healthy but I may carry the virus to my vulnerable family members by not following the health practitioners’ guidelines;

• Wash/sanitize your hands
• Sneeze in your folded arm
• Do not handshake or hug
• Self-isolate if you are;
  • having symptoms of runny nose,
  • cough,
  • fever, or
  • returned from a visit to out of the country

Prayers for everyone to be safe and back to normal life soon.

Take care of your elderly neighbour to help them bringing their groceries or meds etc.

Mar 30, 2020

I hope and pray that you are safe and enjoying with your families.

I’m sure an obvious question lurking in your minds these days, like many others, would be what is the Real Estate outlook after we get over the Coronavirus?

In uncertain times no one can predict the future; having said that here are my thoughts and analysis of the outlook of the Real Estate market considering the current situation would be brought under control soon and not prolong to the end of the year or beyond.

I have heard various opinions but what I envision is reflected in the recent RBC’s report on post Coronavirus outlook of the Real Estate market.

 I believe the Real Estate market in general but specifically in the Golden Horseshoe area would have a short-term slight adjustment in both the number of house sales and also the house pricing.

This is primarily because the Canadian federal government has provided generous support for small businesses, such as giving 75% of employee salary support, up to $40,000 interest-free loan to small businesses, out of which $10,000 will be forgivable, for individuals EI payments would not have the mandatory weeks of wait time before EI can kick-in, up to $2,000 for individuals whose jobs have been affected by COVID-19 and for those who have been taking care of some family member, and the most important one being to not worry about mortgage payments, for most households it is the biggest expense, for 6 months. Besides, many cities have allowed postponing payments of property taxes for 3 months, and other incentives by the Ontario province.

If we calculate all these individuals would carry on their normal lives after the pandemic is over with fewer worries and financial burden due to generous support from all levels of government, especially from the federal government.

God forbid, if the situation prolongs, I am still optimistic that the government would not leave us alone and work out to minimize the financial impact on businesses and individuals.

Keep in mind, the Canadian economy, coupled with stronger financial controls, historically has shown its sturdiness to deal with the stormy conditions, an example of which we have seen during the near-collapse of the US Real Estate market in 2008 (https://aqmuftirealty.com/go/wiki-us-housing-bubble).

As said before, no one can predict the future but I say that the future is what is in your mind, think positively and achieve your dreams.

I pray that you all be safe and we see the end of this pandemic soon and get back on our normal lives.

Take care of yourselves and follow the safety precautions defined by healthcare professionals.

#BeSafeAndHelpOthersBeSafe

If you are looking to buy/sell your home or commercial/farm property I will be glad to meet and discuss.

You can reach me at https://aqmuftirealty.com/contact/

A. Q. Mufti

Please click on the link to read full RBC report; RBC Economics: “A tough but temporary blow to Canada’s housing market” (April 2020, no longer online)