Anmol Farmah Real Estate

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Mississauga, ON
Anmol Farmah Real Estate

This is my only official page, and I use it to post key market updates, news and calculated predicti

Anmol Farmah is a trusted real estate agent and investment agent who received his real estate license at age 21. He has achieved multiple awards in his first years as an agent. In addition to real estate sales and management, he is an avid entrepreneur who has registered patents and copyrights under his name. MY CAREER

Anmol is highly committed, and with his strong work ethics, he provides his cl

ients with the highest level of reliability. Each client is unique and Anmol customizes his approach to fit their specific needs. He is devoted to making his clients his number one priority and understands that buying or selling a home is one of the most important life decisions you can make. MY EDUCATION

With integrity, expertise and hard work, Anmol has delivered exceptional personal service and helped his clients and their families achieve great value for their homes and real estate investments. Anmol' s unique experience and knowledge on current market trend provides an excellent advantage to his client. Graduated as a Mechanical Engineering and Project Management Professional, he has a diverse portfolio and enjoys a new challenges.

04/12/2023

Today, the Bank of Canada held its target for the overnight rate at 4.5% and continuing its quantitative tightening policy for now. The next update of interest rates is to be announced on June 7th, 2023. CPI inflation is noted to be 5.2% in February and is expected to fall quickly to around 3% in the middle of this year and then decline more gradually to the 2% target by the end of 2024. Lastly, The BOC now projects Canada’s economy to grow by 1.4% this year and 1.3% in 2024 before picking up to 2.5% in 2025.

04/03/2023

Federal amended:
Now work permit holders or those authorized to work in Canada under the Immigration and Refugee Protection Regulations can purchase a *residential property*. In 2022, immigration Canada issued over 600,000 work permits, and most work permits were issued in Ontario (approx 220,000). This recent federal change may result in newcomers entering in housing market sooner.

03/22/2023

Since the bank of Canada started hiking Interest rates, we have seen an average of 5% drop in inflation (CPI) every month. Today we see 5.2 percent inflation which is the most significant deceleration since April 2020, according to Statistics Canada. Mathematically, if the interest rates are held as is for the next six months, we may meet the target of 2 CPI sooner than expected.

Source: Bank of Canada, Satistics Canada

03/05/2023

Declining real estate prices were a trend for over 11 months, however, February brought a shift and we are now seeing the slightest growth in the real estate sale prices.

Why the shift? Is the shift steady? Will we see a change in sale prices in the coming months?

Well, in a recent press release, BOC announced that the higher interest rates are working in relation to the adjusting inflation rate, and they may hold the rate until the target of 2% is met (roughly until late 2024).

Ultimately, every buyer, seller, or investor’s situation may differ. It’s highly advisable to connect with the right professional. If you are looking to assess your situation, let's connect. Source: TREB

01/16/2023

Vacant tax for Toronto Homeowners.

10/18/2022

(1) If you bought your house 4 years ago, your mortgage may be up for renewal soon, (2) you purchased the house in last 12 months, you may be paying higher interest if the mortgage is not fixed, (3) If you are currently considering buying real estate, it may be challenging to get qualified due to the higher prime rate. These are only three cases mentioned, there may be other factors that can impact your decision in real estate. Book your 1-on-1 consultation with one of our dedicated team members to discuss your upcoming real estate decisions.

05/05/2022

Toronto Real Estate Board reported 8,008 homes sold through TRREB's MLS®️ System in April 2022 – a 41.2% decrease compared to April 2021 and a 27% decrease compared to March 2022. On a year-over-year basis, the decline in sales was greater in the '905' area code regions surrounding Toronto, particularly for detached houses. The MLS®️ Home Price Index Composite Benchmark was up by 30.6% year-over-year in April 2022. The benchmark level in April was down in comparison to the March level. The average selling price, at $1,254,436, was up by 15% compared to April 2021, but down compared to the average selling price of $1,300,082 in March 2022. Hastags market stats

04/08/2022

Federal budget 2022
Highlights related Real Estate

04/07/2022

There were almost 11,000 Greater Toronto Area (GTA) home sales reported in March 2022, capping off the third-best March and second-best first quarter on record. Tight market conditions continued to support a double-digit annual pace of price growth, with an average selling price of $1.3 million. The average selling price dipped slightly month-over-month, bucking the regular seasonal trend.
“Now is the time for governments to govern and focus on measures that are proven to increase housing supply. The GTA population will experience rapid growth in the coming years as our region’s economic strength and diversity continues to attract people from around the world. In order to sustain this growth, we need adequate housing supply and choice. This needs to be the focus of policymakers rather than short-term and ineffective measures to artificially suppress demand. Hastags market stats

03/05/2022

February home sales were down compared to the all-time record in 2021, but represented the second-best result for the month of February in history. New listings dropped but by a marginally lesser annual rate than sales, pointing to a modest move to a slightly more balanced market. Competition between buyers, however, remained tight enough to support double-digit price growth year-over-year. Read Full Report - Link in the bio -

02/14/2022

Vacation communities transform into year-round housing choices.

Address

7420 B Bramalea Road
Mississauga, ON
L5S1W9

Website

https://anmolfarmah.com/

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