Toronto Nov 2023 Real Estate Market Update! Elevated Borrowing Costs Taking a Toll on Housing Affordability

Toronto Nov Real Estate Market Update! Elevated Borrowing Costs Taking a Toll on Housing Affordability.

High borrowing costs and uncertain economic conditions continued to weigh on Greater Toronto Area (GTA) home sales in November 2023.
Sales were down on a year-over-year basis, while listings were up from last year’s trough in supply. With more choice in the market, selling prices remained basically flat year-over-year.

The Good News is Bond yields being trending lower in the Interest rate-Highly-Sensitive Housing Market.

Newmarket 2022 Real Estate Market Review and 2023 Forecast

Today I’d like to share will you 2022 real estate market here in Newmarket in GTA, Also I compiled forecasts from several institutions to give us some idea of what 2023 Canadian Real Estate will hold in store? Let’s get into it! Newmarket 2022 Real Estate Market Review – Price 2022 Newmarket Average Home Price…

Toronto Home Price Come to 1.05 Million, Set up for Jan 2023 with more New Listings!

Toronto Home Price Come to 1.05Million in Dec 2022! With the ringing of the New Year’s bell, in the first week of January 2023, the snow in Toronto slowly melted away, and the air was warm like spring coming early. The Christmas and New Year holidays are over for adults, and school kids are counting…

Newmarket Active Listings showing Middle-sized Homes have least Inventories ! Mid-Nov Market Update

Today it’s Nov 16th, Newmarket got the first snow and accumulated 2 inches thick on the ground in the morning but melted very soon in the afternoon. When we see winter really coming lots of people wonder how’s real estate market react. Let’s get into the numbers Where are we now? For the first half…

Newmarket Real Estate Market Oct 2022 Update – Sale Kept Low, Price Higher, Still Low Inventory for Sale but High for Rent

Today let’s look at Newmarket Real Estate Market Oct 2022. as I mentioned in my last video, I will do the semi-month update to follow up on the fast-changing market here. Let’s get into it! A total of 82 residential units was sold in Newmarket in Oct 2022 In the 2nd half of Oct the…

Pre-construction Detached Home is Now Priced historically High, which makes Resale a more value-for-money choice

We always want to live in our dream home, right? Yes, the real estate market is cooling down, but the desire to own a dream home might get stronger! maybe this is the chance we can spend more time thinking about what’s the best home to buy. For those who want to live in Nice…

Newmarket Real Estate Update – Oct Mid-Month

Today I’d like to bring your attention to the town of Newmarket which is the administrative center of the York region, and also the city I am living. I want to give you a snapshot of the Semi-Month update for the real estate here. You know the market is changing faster nowadays and I do…

What is the Best Home Type in Toronto York Region? My Takeaway from Sep Real Estate Market Date

Hi, Everyone! This is Qin Dan From Qin Real Estate, Everyone said to me that real estate has been cooling down, right? Yes, I bet you can feel the market change either as a buyer or seller, today with September’s Real Estate Data released let’s see what the data told us. As a whole Greater…

In the first half of 2022, GTA’s real estate experienced a huge contrast in sentiments.

In the first half of 2022, we tracked the sentiment of most real estate markets and saw a huge contrast between Q1 and Q2. Thinking of the hustle and bustle of the first quarter, the voices of customers are endless:“I haven’t bought a house all the time, but now the house price has risen, so…

Q2 2022, GTA Real Estate’s Turning Point from the High

From the beginning to the end of Q2 2022, we were feeling lower popularity in residential homes and finally got all the data proving that the GTA’s real estate’s peak inflection point has officially arrived. When the market is still surging in the first quarter, many people knew that the turning point would come, but…

Q1 2022 Newmarket Real Estate Record High Price!

The first quarter of 2022 has come to an end, and Newmarket’s residential houses, like havoc in the sky, have pushed most of the average prices to an all-time high! Those who participated in the market to buy a house in the first quarter of 2022 can truly have a feeling of Struggling in the…

Are you confused by All the Rate-Hike Predictions? Mortgage Update Nov 2021

Making Sense of All the Rate-Hike Predictions There’s been a lot of talk in the news lately about where mortgage rates are headed.  We know the obvious direction from here is up, but what we don’t know is how high and how quickly. Nobody, not even the experts, can accurately predict this. But they try….

Is Now a Good Time to Buy Condo Apartments in GTA

Is Now a Good Time to Buy Condo Apartments in GTA? Either you are a First-time buyer or an real estate investor pro the following information need your attention: The Average Price of a Condo Apartment in GTA is 670k Per Unit Now It’s easier for normal investors to be involved in the residential market…

Mortgage Stress Test Changes Coming June 1, 2021

Mortgage Stress Test Changes Coming June 1, 2021! Starting June 1, 2021, the minimum qualifying rate used for both the insured and uninsured mortgage stress tests will be increasing. What does it mean to you? Whether you’re making a down payment of less than 20% or more than 20%, you will now have to prove…

A Nice Investment Property of Only $350k

Investing in properties surrounding university/college is always an adopted successful strategy, and here is a rare opportunity for property investors. In the city where one of the best Canadian colleges located, London On, just across the street of Fanshawe College, A nice Townhouse, 3+2 Bedrooms and 2+1 washrooms, Low maintenance fee and Easily finding tenants….

Private School Pickering College in Newmarket

Pickering College is Ontario’s top private school located in Newmarket! Recently a Grade 6 teacher was a recipient of the Class ACT Award from the Critical Thinking Consortium. Pickering College teacher garners award for fostering critical thinking  What is Class ACT Award? In recognition of educators who have embedded critical thinking into their own practice and furthered…

How To Get Your Home Sold Successfully ( Step Two Listing and Negotiation )

From Step One Preparation you possiblely have generally understood what you need do before listing, Now let’s talk about the process How to Get Your Home Sold Successfully: Listing and Negotiation, the tips key to your success selling. Pricing Strategy. Make sure you have all necessary data to know your home value, which might not…

First-time homebuyers Incentive! Canada’s Federal Budget

The Minister of Finance Bill Morneau presented the 2019-2020 federal budget in March 2019. Key themes include growing the economy, implementing national pharmacare, investing in the middle class, and gender equality. To assist First Time Home Buyers, the budget includes the following: First-time homebuyers Incentive: First-time homebuyers whose household income is under $120,000 may qualify for an interest- free loan from…

How To Get Your Home Sold Successfully ( Step One Preparation )

Because your home may well be your largest asset, selling it is probably one of the most important decisions you will make in your life. To better understand the homeselling process, a guide has been prepared from current industry insider reports. Through these tips you will discover how to protect and capitalize on your most…

What is 2019’s safest investment in Real Estate?

Seniors housing touted as 2019’s safest investment Source from Canadian Real Estate Wealth Canada With seniors slated to comprise nearly a quarter of Canada’s population by 2030, real estate that caters to their needs is being touted as one of the most investment-friendly sectors this year. “As population ages, we run into capacity issues within…

2019 Home Price Growth Forecast! London ON projected increase most

What will be Home Price Growth in 2019 since the house market got into the correction cycle from beginning of 2018? London ON is projected to increase most by Re/Max. Two major real estate brokers (Re/Max and Royal Le-Page) made more specific forecasts for property prices in 2019: Royal Lepage is anticipating the national median home…

GTA Renters! How to Stop Paying Rent when GTA rents continue surge

GTA Renters! Condominium rents in the Greater Toronto Area have continued surging. According to Urbanation, during the third quarter of 2018, condo rents grew 9.4% year-over-year, hitting $3.26 per square foot, while monthly rents rose 7.6% annually, reaching $2,385. The average unit during the third quarter declined from 744 square feet to 731. STOP PAYING RENT,…

27 Tips to Sell Your Home Fast and for Top Dollar

27 Quick & Easy Fix Ups to Sell Your Home Fast and for Top Dollar Get FREE Instant Access by completing the form on this page. Because your home may well be your largest asset, selling it is probably one of the most important decisions you will make in your life. And once you have…

Happy Thanksgiving Day!

I am thankful: For the wife Who says it’s hot dogs tonight Because she is home with me And not out with someone else. For the husband Who is on the sofa Being a couch potato Because he is home with me And not out at the bars. For the teenager Who is complaining about…

EMPTY NESTER: How to Sell the Place You Call Home

 EMPTY NESTER: How to Sell the Place You Call Home “The last thing you need are unbudgeted financial obligations cropping up hours before you take possession of your new home.” Are you an Empty Nester who needs a home for the future? Is it time to downsize or to move into another home more suitable…

Future of Copper Hill in Newmarket

From the map, The neighborhood of Copper Hill in Newmarket looks like a spider web! A new Community Splash Pad comes to Copper Hill! When Councillor Tom Vegh twittered the news all people in the neighborhood should have a big smile! I was sent with one picture of that twitter immediately from some neighbor who just uses Wechat,…

High Rental Yield Market – London ON

LONDON ON ‘ average home price reached 328,759 in Sep 2017 after experiencing  18% annual increase,  Still, its price just as 42% of Toronto and 32% of Vancouver. The gross rental yield in London area keeps 6%-8%. While Toronto is experiencing roller-coaster London ON shows rather cool-headed! How small those movements are: September compared with August…

New Rental Rules after Fair Housing Plan!

From Sep 1, 2017, when a landlord ends a tenancy for personal use of the rental unit (for themselves or family member), landlords must provide one month’s rent to the tenant or offer the tenant another acceptable rental unit.

Price to Income Ratio with New Household Income Data in Canada

According to Toronto household income 78,373/household and average price 732,292, the Price to Income ratio is 9.34; While in 2005 the average house price is 304900, and the Price to Income ratio is 4.03 in 2005.  and my explanation to that increase is: People prefer to spend more by living in Toronto

Canadian Overnight Rate goes up the day when Tiger in Georgia killed by Polica

the news Tiger Wandering Georgia Highway is Shot and Killed by Police was twittered to me, I murmured to myself: Hiking rate is not as Violent as a Tiger!

Look for Comparable Low! – GTA city price comparison!

Buyer / Investor Must Read!
By reading the following graph you can get the easiest comparison among GTA cities.

Know National Benchmark Price

The Global Liveability Report 2017

Toronto scores 100 for 3 Categories: Stability, Healthcare and Education. Culture and Environment Toronto scores 97.2 and Infrastructure scores 89.3; as we know the government is investing more money in infrastructure in futures year, which seems to resonate what the report implies; although I still hear lots of protest comments on the big infrastructure expenditure plan.