GTA Real Estate Information

07/09/2022

H3LL0

07/02/2022

04/16/2022

02/16/2022

GTA home prices still forecast to rise 11 per cent in 2022 even with expected interest rate hikes: Royal LePage

Real estate brokerage Royal LePage says that the expected rise in interest rates in 2022 “may not be enough tooffset the significant upward price pressure” on homes, especially in the Greater Toronto Area where it expects the cost of the average property to go up by double-digits once again.

The brokerage said that the aggregate price of a home in the Greater Toronto Area increased by 17.3 per cent in 2021 to $1,119,800 as demand continued to outpace supply.

It is forecasting that in 2022 prices in the GTA will rise by another 11 per cent, with the aggregate home price reaching $1,243,000 by the fourth quarter.

The forecasted price growth comes despite market expectations that the Bank of Canada could raise interest rates up to five times in 2022, significantly increasing the cost of borrowing.

“It isn't sustainable. The good news, if you could call it that, is we see all prices rising at about half the rate they did in 2021 in the months ahead so while home prices continue to be more expensive the rate at which they're getting more expensive is falling,” Royal LePage President and CEO Phil Soper told CP24 on Friday morning. “We will find things return to normal appreciation levels sometime in the future, my guess is by 2023 we will be back into single-digit increases, which is what we have come to expect in the city and across the country over the decades.”

02/03/2022

Starting from mid 500’s, call for more info

02/02/2022

Bringing you this Amazing semi Detached near Wanless and Mclaughlin location with 3 bed 3 bath and 1 Garage sitting on a decent sized lot of 28.5*88.5 with sq ft of 1850 including a finished basement, lots of light, No home behind, quite and safest neighbourhood, Avoid multiple bidding and schedule a showing today before its too late. Listed for 1.1 mil

Not to solicit buyers under a contract with real estate agent, listing agency homelife

01/31/2022

Do not hold to buy real Estate, Buy Real Estate and HOLD

Average condo price in the GTA tops $700,000 as market bounces back from COVID-19 slowdown: Toronto real estate Board

**The average resale price of a condominium in the GTA has now surpassed $700,000 as the market bounces back from a slowdown in the early days of the pandemic.

The Toronto Region Real Estate Board (TRREB) says that there were a record 7,815 condominium apartment transactions in the GTA in the fourth quarter of 2021, despite a 29 per cent drop in listings from the previous year.

It says that the increased demand alongside a dip in supply created “very tight market conditions” in the condo sector, which resulted in the average resale price rising 16.4 per cent year-over-year to $710,087.

The rising costs also bled into the condo rental market, where the average monthly cost of a one-bedroom unit rose 13.7 per cent to $2,099 and the average cost of a two-bedroom unit rose 12.6 per cent to $2,763.

TRREB has previously said that the average selling price across all residential property types in the GTA hit a peak of $1.095 million at the end of 2021, up nearly 18 per cent from the previous year.

01/20/2022

CONNECT 2
JUST RELEASED

in Milton

Located at the intersection of Derry Rd & Regional Rd 25
Starting from High $400's
*Assignement available

Floor plans and Price list is available
To Secure a unit, call Rav at 6474000331
Garanteed Allocation

EXTENDED DEPOSIT STRUCTURE
$5,000 with Offer
Balance to 5% due February 28, 2022
2% due April 30, 2022
2% due July 30, 2022
2% due August 30, 2022
2% due January 30, 2022
2% due July 30, 2023
2.5% due September 30, 2023
2.5% due on Occupancy

FREE PARKING
(Value of $45,000)

FREE LOCKER
(Value of $5,000)

ASSIGNMENT
$7,500

FREE RIGHT TO LEASE DURING OCCUPANCY
Admin Fee Only ($500.00+HST)

CAP DEVELOPMENT CHARGES & LEVIES
$8,000 for 1 Bed plus Den and Smaller Suites
$11,000 for 2 Bed Suites and Larger Suites