Realtor Vino Waran

Realtor Vino Waran Your go-to for ANY and ALL real estate needs Most people don't have the time, expertise or motivation to go through it alone.

Are you in the market to buy or sell a house?Chances are, you'll want a real estate agent to guide you through the process. Finding a good real estate agent becomes essential to enjoying a smooth real estate transaction. If you are reading this right now, you've come to the right place. Pick up the phone and give me a call, I'd love to help in any way I can.

Affordability continues to be a bit restrictive as housing prices have held relatively steady over the last two years at...
05/22/2024

Affordability continues to be a bit restrictive as housing prices have held relatively steady over the last two years at levels not far from their record highs.

This is in part due to the past strength in construction (which
is temporary – the steep drop-off in pre-sales over the last two years means completions will be declining in the years ahead).

Interested to learn more? Let’s connect today!

Curious to know which Southern Ontario Cities carry the most costly property taxes?Take these rankings into consideratio...
05/06/2024

Curious to know which Southern Ontario Cities carry the most costly property taxes?

Take these rankings into consideration when finding your next investment and reach out for guidance navigating today’s real estate market.

Spring Update 🏡💼As we bid adieu to the first quarter of 2024, let’s reflect on the pulse of Toronto’s real estate market...
04/06/2024

Spring Update 🏡💼

As we bid adieu to the first quarter of 2024, let’s reflect on the pulse of Toronto’s real estate market. 📊 Despite March reporting a 4.5% dip in home sales compared to last year, prices rose by 1.3% to $1,121,615, fueled by a competitive buyer landscape amidst March Break and Good Friday.

Looking ahead, there’s optimism brewing. 🌱 With buyers adapting to higher interest rates and a surge in new listings, we closed the quarter with a 10.8% increase in sales over last year, while prices held steady. 💼📈

According to TRREB’s Chief Market Analyst, Jason Mercer, brace yourselves for a spring surge in price growth, expected to escalate further in the latter half of the year as demand catches up with supply. Lower borrowing costs will only stoke the fire of homeownership aspirations. 🔥📈

Meanwhile, the housing debate rages on. 🏠🗣️ With population growth outpacing new home sales, the future supply remains in jeopardy. Developers are now offering enticing deals to spur new home purchases, but the clock is ticking. 🕒⏳

Questions about real estate? 🤔 Drop me a DM anytime! Let’s navigate this market together. 💬🔑

Measured against sales in February, active listings equalled 2.0 months of supply — the lowest level of inventory since ...
03/20/2024

Measured against sales in February, active listings equalled 2.0 months of supply — the lowest level of inventory since June 2023.

Annual growth in new listings outpaced sales in February, rising 33% from a year ago. This kept the ratio of sales-to-new listings at a balanced level of 49%.

What does this information mean for you? Reach out today to learn more!

Property values in the Toronto and Greater Toronto Area (GTA) in Canada are influenced by various factors. Firstly, loca...
02/05/2024

Property values in the Toronto and Greater Toronto Area (GTA) in Canada are influenced by various factors. Firstly, location plays a significant role, with factors such as neighborhood desirability, proximity to amenities, schools, parks, and transportation networks impacting values. Market demand, determined by supply and demand dynamics, heavily influences property values, along with economic factors like job opportunities and income levels. Interest rates also play a crucial role, affecting affordability and thus demand for real estate. Property size, condition, age, and architectural style, as well as comparable sales in the area, contribute to determining property values. Additionally, housing market trends, government policies, infrastructure development, environmental features, crime rates, and future development potential all shape the real estate landscape in the GTA, guiding buyers, sellers, and investors in their decisions.

Listen up landlords! Evicting a tenant isn’t as easy as changing the locks, as a matter of fact, that act alone is illeg...
01/23/2024

Listen up landlords! Evicting a tenant isn’t as easy as changing the locks, as a matter of fact, that act alone is illegal.

Reach out today to learn more!

The Bank of Canada is kicking off the year with their first interest rate announcement scheduled for January 24.After th...
01/19/2024

The Bank of Canada is kicking off the year with their first interest rate announcement scheduled for January 24.

After three consecutive rate holds, buyers are anxiously awaiting the upcoming announcement.

How should this affect your home buying strategy? Reach out today for more information!

The intention of the Vacant Home Tax is to increase supply by discouraging Toronto homeowners from leaving their residen...
01/16/2024

The intention of the Vacant Home Tax is to increase supply by discouraging Toronto homeowners from leaving their residential property unoccupied.

The deadline to declare occupancy status for 2023 is February 29, 2024.

Reach out today to learn more!

The notion that selling your home in winter is inherently bad is a common myth that often misguides potential sellers. C...
01/09/2024

The notion that selling your home in winter is inherently bad is a common myth that often misguides potential sellers. Contrary to popular belief, the winter season can offer unique advantages in the real estate market. While some may be deterred by the colder weather, serious buyers tend to be more committed, seeking homes during this time for various reasons such as job relocations or changing family needs. Additionally, the reduced inventory during winter can make your property stand out more, potentially attracting motivated buyers. With the right marketing strategies, cozy staging, and effective online listings, selling your home in winter can be a successful and strategic move, debunking the misconception that it is an unfavorable time for real estate transactions!

Winter is upon us with the holidays and the New Year fast approaching. This will be my final monthly residential real ...
12/06/2023

Winter is upon us with the holidays and the New Year fast approaching. This will be my final monthly residential real estate update before my year end review in early 2024.

This past November saw 4,236 sales, a 6% decline compared to November 2022. Sales were down on a year-over-year basis, while listings were up 40.7% from last year’s limited supply. With more choice in the market, the average selling price remained flat at $1,082,179 in comparison to November 2022.

Inflation and elevated borrowing costs has affected housing affordability. However, it does appear relief is on the horizon, an increasing number of economic forecasters are anticipating Bank of Canada rate cuts could come as early as the first half of 2024. Lower rates will help alleviate affordability issues for existing homeowners and those looking to enter the market.

The Toronto Regional Real Estate Board's Chief Market Analyst Jason Mercer has stated that prices have adjusted down from their peak and is providing some relief for buyers. However, Jason is predicting a renewed growth in home prices as mortgage rates begin to trend lower in 2024 and as our population continues to grow at a record pace.

Anytime there is a shift or change in a market opportunities present themselves. Whether you are a buyer, seller, investor or simply waiting to see what happens, it is important to stay engaged and educated on current real estate market conditions. As soon as you step away an opportunity could be missed. I am here to help navigate and address any real estate questions you have.

Have a fantastic holiday season and I look forward to connecting with you soon.

Address

30 Eglinton Avenue W Suite 201
Mississauga, ON
L5R3E7

Telephone

+16477063091

Website

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