Alice McMillan Real Estate

07/07/2022

TRREB June 2022 Market Watch Report is in. In June 2022, number of home sales went down by 11.1% compared to May 2022. When we look at the year over-year change in number of sales, June 2022 was down by 41.4% from June 2021.

This slow down can be attributed to increased cost of borrowing and its impact on affordability, which caused some home buyers to take a pause to see where home prices will settle. As a result, there are a lot more active listings in the market, making it a more balanced market. However, as the months wear on, the buyers are expected to adjust to the higher borrowing costs and the activity in the market is expected to increase again.

In June 2022 average sales price went down by 5.5% from May 2022. The year-over-year increase in average sales price was 5.3%. This modest year-over-year increase is also expected to pick up as the buyers adjust to the new borrowing costs.

Access my interpretation of the report and a link to TRREB’s full report on my website.
https://www.alicemcmillan.com/June-2022/

As per TRREB Market Watch Report, in June 2022, number of home sales went down by 11.1% compared to May 2022. When we look at the year over-year change in number of sales, June 2022 was down by 41.4% from June 2021. This slow down can be attributed to increased cost of borrowing and its […]

06/21/2022

Easy Ways to Maximize Your Home's Efficiency in the Summer HeatThere’s nothing like a heat wave to add an extra cost to your monthly home expenses! Here are a few suggestions to counter that added expense…
https://www.alicemcmillan.com/maximize-efficiency-in-summer/

06/08/2022

Here are some helpful tips and handy storage solutions to maximize the space in your bathroom – the first place you visit when you wake up and the last stop you make before going to bed…
https://www.alicemcmillan.com/bathroom-storage/

06/03/2022

TRREB May 2022 Market Watch Report is in. In May 2022, number of home sales went down by 9.0% compared to April 2022. When we look at the year over-year change in number of sales, May 2022 was down by 38.8% from May 2021.
This slow down can be attributed to increased cost of borrowing and its impact on affordability, which caused some home buyers to take a pause to decide how they will position themselves in the market. As a result, there are a lot more active listings in the market, making it a more balanced market. However, as the months wear on, the buyers are expected to adjust to the higher borrowing costs and the activity in the market is expected to increase again.
May 2022 average sales price went down by 3.3% from April 2022. The year-over-year increase in average sales price was 9.4%. This modest year-over-year increase is also expected to pick up as the buyers adjust to the new borrowing costs.
Access my interpretation of the report and a link to TRREB’s full report on my website.
https://www.alicemcmillan.com/may-2022/

As per TRREB Market Watch Report, in May 2022, number of home sales went down by 9.0% compared to April 2022. When we look at the year over-year change in number of sales, May 2022 was down by 38.8% from May 2021. This slow down can be attributed to increased cost of borrowing and its […]

06/02/2022

Managing Home Insurance
Home insurance seems to be getting costlier every year. Find out what you can do lower your home insurance…
https://www.alicemcmillan.com/managing-home-insurance/

05/26/2022

Ontario Vacation Accommodation Tax Credit --
Find out how to claim up to 20% of your 2022 Ontario vacation accommodation expenses when filing your 2022 personal taxes…
https://www.ontario.ca/page/ontario-staycation-tax-credit

05/24/2022

Of all the rooms in your home, the kitchen might be the most daunting one to pack up. When it’s time to move, follow these four important steps to make packing your kitchen easy and stress-free!
https://www.alicemcmillan.com/packing-your-kitchen-ahead/

05/17/2022

You’re in a rush. You have just three weeks to find and buy the right home. Whoa! How are you going to make that happen? Don’t stress. Here are some tips that will help… https://www.alicemcmillan.com/how-to-buy-the-right-home-quickly/

05/13/2022

Many people think the number 13 is unlucky. With Friday the 13th upon us, I thought it’d be fun and interesting to send along some superstitions we come across in the real estate industry, which you may have never heard about… https://www.alicemcmillan.com/superstitions-and-real-estate/

05/06/2022

You might be surprised which spaces in a home most buyers look at when viewing a property. If you’re preparing your home for sale, make sure to consider these places that are likely to be checked out…
https://www.alicemcmillan.com/places-buyers-look/

05/05/2022

TRREB April 2022 Market Watch Report is in. in April 2022, number of home sales went down by 26.8% compared to March 2022. When we look at the year over-year change in number of sales, April 2022 was down by 41.2% from April 2021.
This slow down can be attributed to increased cost of borrowing and its impact on affordability, which caused some home buyers to take a pause to decide how they will position themselves in the market.
April 2022 average sales price went down by 3.5% from March 2022. This is due to the relative increase in the number of condo sales compared to other market segments, bringing the average price down. The year-over-year increase in average sales price was 15.0%.
Access my interpretation of the report and a link to TRREB’s full report on my website.
https://www.alicemcmillan.com/april-2022/

As per TRREB Market Watch Report, in April 2022, number of home sales went down by 26.8% compared to March 2022. When we look at the year over-year change in number of sales, April 2022 was down by 41.2% from April 2021. This slow down can be attributed to increased cost of borrowing and its […]

04/26/2022

Stage Your Home Like an Expert
Staging is an important part of selling your home. A few small details can go a long way when it comes to selling your home. Here is how…
https://www.alicemcmillan.com/stage-your-home-like-an-expert/