Niru Sharma

01/28/2025

Distressed Assignment Sale
Selling at Loss
Single Car Detached Pickering
Greenwood Seaton
Builder: Opus Homes
Address: Zircon Manor & Burkholder Drive, Pickering
30 by 82
1867 Sqft
4 Bed plus Flex Room 2.5 Bath
Walkout Basement
Backing onto Green space/pond
Deposit Paid: $120,000
Purchase Price: $1,196,990
Asking Price: $1,150,000
Closing Date: 1st Apr 2025
Co-op: 2% + HST

10/01/2024

2 Car Garage Detached Assignment Sale Cambridge
Wesley Boulevard, Cambridge
36 by 100
1900 Sqft
3 Bed plus Den 2.5 Bath
Side Door to Basement
All Hardwood
Appliances & AC Included
Concrete Driveway
Closing Dec 2024
Asking Price: $1.09M
Purchase Price: $999K
Co-op: 2% + HST

02/02/2024

01/10/2024

Higher borrowing costs resulted in an unaffordable residential market for some households in 2023. However, relief looks to be on the horizon with borrowing costs expected to trend lower in 2024. Lower mortgage rates, continued population growth along and a positive outlook of our economy should see a rebound in home sales this year.

There were 65,982 home sales reported through TRREB’s MLS System in 2023 – a 12.1% decline compared to 2022. Despite an uptick during the spring and summer, the number of new listings also declined in 2023. The trend for listings has been largely flat-to-down over the past decade, which is problematic due to a steadily growing population.

The average selling price for all home types in 2023 was $1,126,604, representing a 5.4 per cent decline compared to 2022.

The Toronto Regional Real Estate Board's Chief Market Analyst, Jason Mercer, stated recently that buyers who were active in the market benefitted from more choice throughout 2023, which allowed many of them to negotiate lower selling prices, alleviating some of the impact of higher borrowing costs. Assuming borrowing costs trend lower this year, look for tighter market conditions to prompt renewed price growth in the months ahead.

Record immigration will continue to play a driving role in the GTA's residential real estate market. There will be a perpetual need for real estate, rental or for purchase, as long as our population continues to grow at the pace in which it does. The development of new homes, freehold or condominium, will play a key role in providing the necessary housing supply required. Those with the means to invest in real estate will play a key role in replenishing the rental stock required to supply homes for those who rent. Developers will not build unless they sell their product first. As 2024 kicks-off, expect to see some never seen before promotions by developers who are selling their current standing inventory. As a brokerage we have access to these never seen before opportunities, please do not hesitate to reach out to me should you be looking to expand your real estate portfolio.

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12/14/2023

My 2nd year in real estate and my 2nd award in one of the toughest year on record with lowest number of transaction numbers similar to 2001. I am beyond grateful and blessed to have amazing clients who trusted in me in one of the most volatile real estate environment.

Thank you to my family and my clients who bestowed their faith in me.

I look forward to continuing to offer my best in real estate services to deliver positive impact for you. Looking forward to 2024🎉🎉

11/23/2023

High interest rates and low market confidence continue to have an impact on the housing market as buyers remained hesitant to purchase.

Due to this decline in activity, we're seeing higher inventory levels throughout the GTA, leading to more buyer opportunity for those who are looking.


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10/25/2023

Governing Council announced their decision to maintain the policy rate as monetary policy continues to moderate spending and relieve price pressures.

The next overnight lending rate target announcement will come on December 6, 2023, followed by the Bank's full outlook for the economy and inflation in January.

10/08/2023

🍁Happy Thanksgiving🍁

I am thankful for everything and more!

Wishing you a Happy Thanksgiving filled with family and friends!

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10/07/2023

Fall is finally upon us but the sunny warm weather seems to be hanging on, for the time being. There have been many headlines in the news lately with a focus on the residential real estate market. The impact of high borrowing costs, inflation, uncertainty surrounding future Bank of Canada decisions and slower economic growth has weighed on the Greater Toronto Area (GTA) home sales this past September. However, despite the market being better-supplied with homes for sale, the average selling price was up 3% year-over-year.

The Toronto Regional Real Estate Board reported 4,642 home sales through TRREB’s MLS® System in September 2023, down 7.1% compared to September 2022. It was reported that the year-over-year dip in sales was more pronounced for lowrise homes, particularly semi-detached houses and townhouses.

The number of listings/homes available for sale were up 40% on a year-over-year basis from the extremely low level in September 2022.

TRREB's Chief Market Analyst Jason Mercer has reported that GTA home selling prices remain above the low experienced early in the first quarter of 2023. However, there was a more balanced market in the summer and early fall, with listings increasing noticeably relative to sales. With a greater number of homes for sale it is natural for prices to soften, in the short term, which would help offset the impact of higher borrowing costs.

On a final note, there have already been a number of new home projects launched this fall across the GTA, from lowrise detached, semi and townhomes to highrise condominiums. There is some fantastic choice out there along with once in a lifetime promotions as developers compete to sell their product. To better understand the opportunities that are presenting themselves please never hesitate to reach out to me.

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10/05/2023

🔥Bellwood House🔥
Coming Soon to King & Strachan, Bellwoods House is a mid-rise boutique building featuring modern designs while preserving the existing character of the neighbourhood. Located in the vibrant community of Trinity Bellwoods, you are steps away from transit, local restaurants, trendy shops and surrounded by some of the largest greenspaces in the city. Please contact me for more information on this incredible new development.

🚨 Developer: Republic Developments
📍Location: 111 Stachan Ave, Downtown Toronto
♦️Trinity Bellwoods Neighourhood
♦️Storeys: 13
♦️Units: 322
♦️Walk Score: 94
♦️Transit Score: 92
♦️Bike Score: 93

♦️Amenity program of approximately 11,700 SF of interior and exterior spaces:
♦️Bellwoods House ground floor amenities features an open concept to enhance a sense of
community within the spaces
♦️Dry Sauna, Nordic Showers, Pet Spa, Yoga Studio, Free Weights, Circuit Machines &
♦️Cardio, Smart Parcel Room, Podcast Studio, Banquettes, Business Center, Reading
♦️Lounge, Outdoor Workspace and Fireside Lounge.
♦️Our third-floor amenities feature a luxurious Social Club and Outdoor Terrace with Private
♦️Cabanas, BBQs and Outdoor Dining and a Fireside Lounge.

📍Steps to TTC bus stop
📍5 minute walk to future Ontario Line (King & Bathurst Station)
📍15 minute walk to new Exhibition GO Station
📍Surrounded by 10 parks/greenspaces: Trinity Bellwoods, Massey Harris Park, Stanley Park, Coronation Park and more
📍An abundance of great local restaurants and shops such as Nadège Patisserie, Ruby Soho, Stackt Market, Mamakas Taverna, Cumbrae’s, Casa Madera, and Sud Forno.

10/02/2023

What is your favourite 2023 Fall home trend?

Comment below what styles you're seeing this season and follow for more real estate content.

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