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.

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 come to 1.22million / unit, this is the record highest price we ever see in history. If we take a closer look the into monthly data, we will see the average home Price peaked at 1.4Million in Feb 2022 and since then started to pull…

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 down the days back to school. In the first week of the year, we also began to hear more and more news about Canadian real estate: Foreigners’ house purchase ban comes into effect Vancouver begins mandatory 3-day cooling-off period for home sales Canada  is still…

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 of Nov 2022, 35 units were sold at average price 1.07million per unit. New listing is 72 units and we are in the Balanced Market with Sale to Listing ratio of 52%. It seems market didn’t change much comparing with Sep and Oct.   Active…

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 real estate market got more robust and the total sold units came to 82, 7 units more than in Sep, as we know sold units 75 in Sep 2022 was the lowest Sep number for the recent 25 years since 1997, Oct is the lowest…

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 Modern Detached home, there are 2 options: one is to buy a Pre-Construction, and the other is to buy a Resale of 1-5 years old Existing Home. Today let’s talk about these two options! No brainer a Resale home might be any home you see…

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 think it’s worth my follow-up more closely. I hope such information will be helpful to those who plan to sell or buy homes in Newmarket in the coming months. Let’s get into it, I will talk about Sales, Price, Inventory, and Lease   Sales of…

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 Toronto Area’s average residential home price come to a 1.1 Million per unit, which is 16% lower compared with March 2022 when the market went up to the peak. Among GTA I am focusing on York Region where I am located in Newmarket. Please note…

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 I’m very anxious” “I’ve been waiting for a year and the house price has gone up by 20%, I can’t wait any longer; I would have bought it if I knew it was the first viewing” “My friends around me suddenly bought houses, and I…