Thursday, October 3, 2024 / by Evelyn Lopes
GTA Home Sales on the Rise: What You Need to Know
The Greater Toronto Area real estate market is heating up, and now could be the perfect time to make your move! ??
In September, home sales surged by 8.5% compared to last year, with nearly 5,000 homes sold. Not only that, but over 18,000 new listings hit the market, giving buyers more options and better negotiating power. ??
With interest rates dropping and new mortgage rules making it easier to secure financing, especially for first-time buyers, the opportunity to buy is better than ever. Whether you’re considering a condo, townhouse, or your dream family home, these favorable conditions are making homeownership more affordable.
One of the biggest updates? The average home price in the GTA has dipped slightly—just 1% down from last year. This means buyers can find great deals, particularly in more affordable housing options like condos and townhouses. ??
Curious about the full market picture? Check out the interactive ...
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Tuesday, August 6, 2024 / by Evelyn Lopes
The Toronto Regional Real Estate Board has just released its July Market watch Report.
Here are some highlights from the report and more importantly, how they effect you. Whether you're looking to buy or sell, this report offers valuable insights to help you navigate the current real estate landscape.
Keep in mind Real estate is local.
So don’t forget to check out this month’s market watch report below, to find out what is happening in your neck of the woods. I have compiled specific data for communities.
And if you Want to learn more, …such as how prices are doing in your specific neighbourhood, for your specific housing type and price point? If you are Wondering what things, you can do to increase the value of your home as well as what upgrades to avoid. If you want to know exactly how much money you will have in your pocket after expenses…
Reach out for a complimentary discovery call!
Key Highlights from the Report
For Sellers:
Increased Competiti ...
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Saturday, June 1, 2024 / by Evelyn Lopes
Once again, the number one story in real estate this summer is mortgage rates. But unlike last year, when a surprise series of rate hikes from the Bank of Canada sent skittish buyers back to the sidelines, all signs now point to the opposite scenario. Instead of market-chilling rate hikes, economists now expect market-quickening rate cuts—possibly starting as soon as this month.1
That means the housing market is likely to get interesting over the next few months. If fixed mortgage rates continue to drop in anticipation of a lower policy rate, more buyers are expected to show up looking for a deal before home prices take off in 2025 and 2026.2
Listings are also on the upswing and homeowners are feeling increasingly optimistic that their home values will rise over the next year, per a new Canada Mortgage and Housing Corporation (CMHC) study. So we could see more sellers-in-waiting regain the confidence to list their homes at strong but realistic prices.3,4
With pent-up demand co ...
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Tuesday, May 28, 2024 / by Evelyn Lopes
What Makes a Winning Offer? - 12 TIPS for SUCCESS
Money isn't the only factor that makes a winning offer. In fact, sellers sometimes choose lower offers over higher ones. Here are the 12 key components of a winning offer:
1. Offer Price
Sellers are naturally drawn to the highest and most competitive offer. It’s not just about the numbers; it’s about value. When your offer is close to or above the asking price, it signals to the seller that you’re serious and willing to pay a fair market value for their home. Lowball offers can be a deal-breaker in a competitive market. Make sure your offer price is both competitive and compelling.
2. Financial Qualifications
It’s not just about putting down a price. Sellers want to ensure you have the financial capability to pay that price. Pre-approval letters from a reputable lender or proof of funds for a cash offer can significantly boost your credibility. Cash offers are particularly attractive because they em ...
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Monday, March 11, 2024 / by Evelyn Lopes
Is Now the Best Time to Buy a House? Unpacking Spring's Unique Opportunities
The question that is on everyone's mind ... "Is Now the Best Time to Buy a House? This spring provides some unique opportunities.
...
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