Anna Emmanouil, Realtor

01/24/2022

For a real hint on how the housing market will continue to accelerate in Canada, it's wise to take a look at this recent quote from CIBC world economist Benjamin Tal.

"If you really want to understand what is happening in the housing market, you really cannot ignore gifting and immigration.
One-third of first-time home buyers are getting a gift, that’s a record high. About 10 per cent of home buyers are mover uppers, not first-time buyers. They are also getting gifts. The average gift for first-time home buyers is about $80,000, and the average gift for mover uppers is over $100,000. Now, this is the average for Canada. In more expensive cities, like Toronto and Vancouver, the gifts are much more significant. We are in the midst of the largest transfer of wealth in Canadian history. This is just the beginning."

Here is an article on how gifting works and the implications from Canadian Real Estate Magazine:

In order for young adults to get into the crazy housing market, most often than not, they need help from family with their down payment. Here's how the process works.

01/07/2022

Happy New Year! It's going to be an interesting real estate market in 2022. The biggest news right out of the gate is that there are less listings that a usual January...which means people are playing the waiting game, along with the pandemic, to decide what's next.

My job is to be ahead by a few months, to gauge all the data inputs and the general mood in the market to prepare my buyers and sellers for when to jump and how high. Weird analogy but it's about right when you're in the market in Toronto and the GTA.

Right now we're expecting the interest rates to hold and move slightly up in the spring. However the variant is playing a bit with timing...the bank is signaling that they may not jump on a rate hike but rather discuss it and prepare for it. This affects real estate in a few ways. First, it means that if there's a rate hike, it's best to get into your new home early, and secure a great mortgage rate. Second it signals that the market is robust enough that it can stand to be tamped down. Not a bad thing - to bring some balance to the forefront will help everyone.

If you want to discuss real estate for fun, for laughs or even seriously I am always game. Talk soon...

12/23/2021

So excited to have joined this wonderful new brokerage, Properly Homes. We will do amazing things together!

Properly is your hassle-free partner to buy and sell homes in Canada.