New Tecumseth Real Estate | Evelyn Lopes Realty Team_Blog

Wednesday, February 15, 2023   /   by Evelyn Lopes

MUST KNOW COSTS WHEN BUYING A HOME

MUST KNOW COSTS WHEN BUYING A HOME

Are you or someone you know looking to buy your first home?
As a first time home buyer, you have likely been saving your pennies and you may think you’re finally ready to buy a home? Are you?
Let's look at some of the hidden costs that you may not be aware of when  purchasing a home, so that you can be best prepared to enter the real estate market.
Most first-time homebuyers know that they need to budget for a down payment when buying a home, but many overlook the other costs involved.
Have you ever wondered how much does it cost to buy a home?
If you’re preparing to buy your first home, make sure you have budgeted enough to cover additional expenses, like a home inspection, appraisal fees, insurance, and closing costs.
Here in the greater Toronto area and surrounding communities, you can expect to pay around…
? $500 for a home inspection,
? Approximately $500 for a home appraisal,
? And $150-200 month for home insI ...

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Friday, January 6, 2023   /   by Evelyn Lopes

COMMUNITY MARKET REPORT | December 2022 |

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

2023 Real Estate Market Outlook (And What It Means for You)

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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Thursday, December 8, 2022   /   by Evelyn Lopes

December 2022- Community Market Update

December 2022- Community Market Update

The Toronto Regional Real estate board has released the stats for the month of November and we have complied them for you, in our Monthly Community Market Report Update. 

Click on the picture of the report below to access our interactive report and find out what is happening across the GTA but more imprtantly what is happening in your community! 

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Data is provided courtesy of Information Technology Systems Ontario, Inc
Copyright 2024 Information Technology Systems Ontario, Inc.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information deemed reliable but not guaranteed.
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated April 19, 2024
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