Market Fluctuations and What They Mean For You

By: Jagdeep Singh

Market Fluctuations and What They Mean For You

Tags: Toronto, Real Estate, Market, Mortgage, Interest Rate Increase, Economy, Greater Toronto Area, GTA

  What happened in July and August isn’t surprising. Number of Sales typically drop in August and July sometimes becomes a pre-cursor to that. However when compared year over year, the sales volume in August was down by 34.8% in comparison to the August of 2016. A total of 6,357 home sales were reported through TREB’s MLS® System for August 2017.  The good news howev...Read More

Smart Home = Smart Savings

By: Jagdeep Singh

Smart Home = Smart Savings

Tags: Energy Efficient, Carbon Footprint, Environment, Homes, Global Warming, Home Energy Costs,

Usually we do not pay any attention to being environmentally friendly. Hopefully, I am wrong about that.  The purpose of this post is the demonstrate how keeping our heating and cooling costs in check, in other words how being efficient in our energy usage, leaves us richer both on a personal and on the environmental level.  It’s very easy for homebuyers to concentrate solely on ...Read More

By: Jagdeep Singh

Market: What do you make of it?

Tags: Market, July 2017, Sales, Homes, Prices Up, Prices Down

Compared to last year, July sales are down, new listings slightly up, average price up by 5% Greater Toronto Area REALTORS® reported 5,921 residential transactions through TREB’s MLS® System in July 2017. This result was down by 40.4% on a year- over-year basis, led by the detached market segment – both in the City of Toronto and surrounding regions. While sales were down, the...Read More

Market Update: What a change

By: Jagdeep Singh

Market Update: What a change

Tags: Market Watch, Real Estate, Policy, Prices, Homes, Toronto, GTA, GGH

The Toronto market has cooled off considerably after the Ontario government unveiled a housing-reform package in April, which included a non-resident speculation tax.  In May I had published the month over month stats, that are typically not available in that manner. Most reports will look at year over year numbers. However the monthly trending provides a vision into how truly the market is ...Read More

By: Jagdeep Singh

Market Update: What a change a month makes

Tags: Real Estate Market, House Prices, Listing, Sales, Property Data,

In April, I wrote about Ontario government's intervention in to the provincial real estate market. There were 16 initiatives proposed, most of which were retroactively effective from the date of the announcement. Let's face it: these were mainly directed at the Greater Toronto Area's real estate market however it had a far reaching impact on the Greater Golden Horseshoe area....Read More

By: Jagdeep Singh

Toronto Market - Video

Tags: Toronto, House Prices

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By: Jagdeep Singh

Government Intervention - Ontario Real Estate

Tags: Price Increases, Toronto, Homes, Government, Liberals, Ontario, 16 points, New Measures, Changes, Housing, Rental Units

A general consensus is forming that Ontario government's intervention without any comprehension of the real problem is only going to result in temporary apprehension in the real estate market. These “wide reaching measures” that some of the province’s mayors warn could actually reduce available housing.  We add roughly 100,000 people to GTA each year, and have done so a...Read More

By: Jagdeep Singh

Skyscraper Prices; Sky is the Limit

Tags: condo, toronto, prices

Lifestyle choices, perks and in some cases simply the unaffordability of houses are among some of the driving factors behind condo price surge. The average condo prices in 416 and 905 have jumped double digits. However, the exact increase varies depending on where the apartment building is located. In my March 2017 newsletter, I published a condo heat map. Included with this heat map was a report ...Read More

By: Jagdeep Singh

Everyone Wants to Know This

Tags: GTA, Toronto House Prices, Price Increases, Real Estate

  Reasons GTA housing prices are high and why are they going to keep going up. Toronto real estate prices keep going up, and there are solid reasons behind this phenomenon. Let’s look at each one of them. Low borrowing rates: Mortgage rates have been historically low for a few years. That is why the federal government had to come up with policies to implement higher qualifying rates. ...Read More

By: Jagdeep Singh

Putting up a Fight

Tags: Land Transfer Tax, Toronto, Budget, Real Estate

REALTORs are at it again. We have rolled up our sleeves yet again, to fight for the home buyers and sellers of Toronto. A few years ago, Toronto Real Estate Board (TREB) and the Ontario Real Estate Association (OREA) were fighting the City of Toronto’s proposal for a 2nd land transfer tax. Politicians did what they normally do, not listen to the residents of their city. They seem to listen o...Read More