Tuesday, July 18, 2023 / by Evelyn Lopes- Klarine
CLICK THE IMAGE TO WATCH FULL VIDEO
Are you struggling to attract buyer attention and sell your home in the thriving Toronto GTA market? If so, it's crucial to identify and address potential obstacles that may be hampering your efforts.
In a recently published YouTube video, we discuss the five common roadblocks homeowners often encounter when trying to sell their properties. You can find this video on our You Tube Channel- The Evelyn Lopes Realty Team.
This blog post will expand on these insights to help you better navigate the home selling process.
Limited Access to Your Home
The first major pitfall we discuss in the video is the issue of limited access. A common mistake many sellers make is not providing sufficient opportunities for potential buyers to view their homes. The mantra to remember here is simple: Limited access equals limited exposure. If you restrict viewing times excessively, you significantly reduce your property's exposure to prospective buyers, which ...
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Friday, January 6, 2023 / by Evelyn Lopes
COMMUNITY MARKET UPDATE | December 2022|
Updated 01-06-2023
Welcome to our monthly real estate community market update!
In this report, we will provide a comprehensive overview of the current state of the real estate market in our local communities. We will cover key metrics such as median home prices, days on market, and inventory levels, as well as any notable trends or changes from the previous month. We will also highlight any new developments or exciting opportunities in the area.
Our goal is to keep you informed about the real estate market and provide valuable insights that can help you make informed decisions about buying, selling, or investing in property. So whether you're a homeowner, a potential buyer, or a real estate professional, we hope you find this report useful and informative.
CLICK ON THE PICTURE ABOVE TO ACCESS THE INTERACTIVE REPORT ...
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Monday, January 2, 2023 / by Evelyn Lopes- Klarine
Last year, one factor drove the real estate market more than any other: rising mortgage rates.
In March 2022, the Bank of Canada began a series of interest rate hikes in an effort to pump the brakes on inflation.1 And while some market sectors have been slow to respond, the housing market has reacted accordingly.
Both demand and home prices have softened, as the primary challenge for buyers has shifted from availability to affordability. And although this higher-mortgage rate environment has been a painful adjustment for many Canadians, it should ultimately lead to a more stable and sustainable real estate market.
So what can we expect in 2023? Will mortgage rates continue to climb? Could home prices come crashing down? While no one can forecast the future with certainty, here’s what several industry experts predict will happen to the Canadian housing market in the coming year.
MORTGAGE RATES WILL EVENTUALLY STOP CLIMBING
Over the2 ...
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Friday, May 6, 2022 / by Evelyn Lopes- Klarine
GTA REALTORS® Release April Stats
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 themselves in the marketplace given the higher rate environment and related impact on affordability.
“Based on the trends observed in the April housing market, it certainly appears that the Bank of Canada is achieving its goal of slowing consumer spending as it fights high inflation. Negotiated mortgage rates rose sharply over the past four weeks, prompting some buyers to delay their purchase. Moving forward, it will be interesting to see the balance the Bank of Canada strikes between combatting inflation versus stunting economic growth and related government revenues as we continue to recover from and pay for pandemic-related programs,&r ...
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Thursday, November 4, 2021 / by Evelyn Lopes
The Toronto Regional Real Estate Board Reports-
NEAR RECORD HOME SALES, LOW INVENTORY SUSTAIN STRONG PRICE GROWTH
TRREB Calls for Housing Solutions as Demand Outweighs Supply
TORONTO, ONTARIO, November 3, 2021
– Home sales in the Greater Toronto Area (GTA) reached the second-highest level on record for the month of October. However, the inventory of homes for sale did not keep up with demand. The number of new listings was down by approximately one-third compared to October 2020. Market conditions tightened across all major home types compared to last year, and the annual rate of average price growth remained in the double digits, including for the resurgent condominium apartment segment.
“The only sustainable way to address housing affordability in the GTA is to deal with the persistent mismatch between demand and supply. Demand isn’t going away. And that’s why all three levels of government need to focus on supply. The federal government h; ...
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