Wednesday, December 6, 2023 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
On Wednesday, November 15, the Canadian Real Estate Association (CREA) released its national housing statistics for October 2023. Below, CREA’s Senior Economist Shaun Cathcart provides an update on the current state of housing markets in Canada and explains what the data means for members:
Canadian home sales dropped 5.6% from September to October 2023, a sizeable month-over-month decline but not really that surprising as it was simply the continuation of a trend we’ve been watching since August.
This reinforces the idea that after the Bank of Canada’s resumption of rate hikes this summer and the uncertainty that caused, a lot of would-be home buyers have gone into hibernation.
Preparing For Spring:
The rebound in activity we saw this past spring was an example of what we might see next year. If that were to happen ag! ...
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Monday, September 18, 2023 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
The Toronto Regional Real Estate Board (TRREB) reported 5,627 home sales in August 2022, representing a year-over-year dip of around 34 percent, which is a slower annual rate of decline compared to the previous four months. The August sales result also represented a month-over-month increase of 15% compared to July, which saw 4,912 home sales.
The average selling price remained fairly steady, up less than $10,000 compared to August 2021, to $1,079,500. This is the first time since February that prices have increased month-over-month. Less expensive home types, including townhomes and condo apartments, is where the modest price growth occurred, as more buyers turned to these segments to help mitigate the impact of higher borrowing costs.
Increasing interest and mortgage rates in recent months have slowed sales and pull down prices, . ...
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Monday, July 3, 2023 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
The Greater Toronto Area (GTA) real estate market is one of the most dynamic and competitive markets in Canada. To negotiate the best home deal in the GTA, an optimized strategic approach is needed in order to ensure that you get the most value for your investment. With numerous factors influencing the market, such as demand, location, and property type, it’s essential to have a solid understanding of the local real estate market. Whether you’re a first-time homebuyer or a seasoned investor, understanding these tips and working with a real estate brokerage such as ours can help you navigate the complex GTA real estate market and achieve your real estate goals.
Understand the Local Market
To negotiate the best deal when buying or selling a home in the GTA, it’s important to understand the local real estate market. Research recent sales, average prices. ...
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