KV Home Realty

01/31/2025

🏠💰 The 𝐁𝐚𝐧𝐤 𝐨𝐟 𝐂𝐚𝐧𝐚𝐝𝐚’𝐬 𝐥𝐚𝐭𝐞𝐬𝐭 𝐫𝐚𝐭𝐞 𝐜𝐮𝐭 signals a shift in the real estate landscape, offering 𝐫𝐞𝐥𝐢𝐞𝐟 𝐟𝐨𝐫 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐡𝐨𝐥𝐝𝐞𝐫𝐬 while shaping 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐡𝐨𝐦𝐞 𝐩𝐫𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬. Lower borrowing costs could make 𝐡𝐨𝐦𝐞𝐨𝐰𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐦𝐨𝐫𝐞 𝐚𝐭𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞, yet 𝐬𝐮𝐩𝐩𝐥𝐲 𝐬𝐡𝐨𝐫𝐭𝐚𝐠𝐞𝐬 𝐚𝐧𝐝 𝐫𝐢𝐬𝐢𝐧𝐠 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 may keep affordability a challenge. With investors returning to the market, the impact of this policy shift extends beyond just homebuyers. Explore how these changes will affect 𝐛𝐮𝐲𝐞𝐫𝐬, 𝐬𝐞𝐥𝐥𝐞𝐫𝐬, 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐛𝐫𝐨𝐚𝐝𝐞𝐫 𝐡𝐨𝐮𝐬𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧 2025

📖 𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐚𝐫𝐭𝐢𝐜𝐥𝐞 𝐟𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬.

The Bank of Canada (BoC) announced a 25 basis point rate cut on January 29, 2025, reducing its key interest rate to 3%. This marks the sixth consecutive rate reduction since June 2024, reinforcing the central bank’s strategy to stimulate economic growth.

04/01/2022

𝗢𝗙𝗙𝗘𝗥 𝗔𝗖𝗖𝗘𝗣𝗧𝗘𝗗! This is my biggest win! A tight seller market, a LIMITED budget to work with AND putting offer with conditions!

I have beaten my record of showings - Took my client to 60+ condo units in a month - & have put 12 + offers. Though it was already a challenge, I was really disappointed to see some Listing Agents' "GOD-LIKE" attitude and really discouraging comments like "It is IMPOSSIBLE" in THAT budget along with a condition.

𝐓𝐡𝐞 "𝐁𝐚𝐫𝐧𝐞𝐲 𝐒𝐭𝐢𝐧𝐬𝐨𝐧" 𝐢𝐧 𝐦𝐞 𝐰𝐚𝐬 𝐚𝐰𝐚𝐤𝐞𝐧𝐞𝐝! Told my client "Trust the process, be persistent & we will make this happen!" Next day, we saw the unit in the afternoon, we reacted FAST by putting an offer with CONDITION in the next hours, and offer was accepted at the 𝐋𝐎𝐖𝐄𝐒𝐓 $$ 𝐏𝐄𝐑 𝐒𝐐𝐔𝐀𝐑𝐄 𝐅𝐄𝐄𝐓 in the building! 𝑻𝒉𝒆 𝒔𝒘𝒆𝒆𝒕𝒆𝒔𝒕 𝒘𝒊𝒏 𝒆𝒗𝒆𝒓!

Learnings:
1. 𝗜 𝗖𝗔𝗡 𝗗𝗢 𝗜𝗧 when others can't
2. 𝗗𝗢𝗡'𝗧 listen to discouraging people, set them an example
3. 𝗞𝗘𝗘𝗣 the client 𝗘𝗡𝗖𝗢𝗨𝗥𝗔𝗚𝗘𝗗. Sometimes become their 𝗕𝗘𝗦𝗧 𝗙𝗥𝗜𝗘𝗡𝗗. If it's tough for me, it's tougher for the client.
4. 𝗗𝗢𝗡'𝗧 give into - "This is what the market is" statement
5. Most importantly, 𝗘𝗩𝗘𝗥𝗬 𝗖𝗟𝗜𝗘𝗡𝗧 is worth fighting for!

03/04/2022

The Bank of Canada announced today that it is raising its benchmark interest rate by 25 basis points to 0.5%, the first increase since the pandemic began two years ago.

This means that if you are in a Variable Rate Mortgage your rate will increase by 0.25%.

The rate increase was consistent with most economists expectations. It is the first of likely additional rate increases as the economy tries to return to pre-pandemic levels later in the year.

If you have any questions about todays announcement please reach out and we can connect you with a mortgage expert!

01/29/2022

🔔 Just listed FREEHOLD Townhouse In Mississauga! A must see!
DM or Call NOW at 647-273-1757 for viewing!

💲 899,000
📪 3925 Coachman Circle, Mississauga
✅ 3 Bedroom and 3 washrooms with finished basement
✅ Open concept living/dining/kitchen with hardwood floors
✅ BIG kitchen
✅ Beautiful backyard garden with greenhouse
✅ Landscaped Flagstone Parking Pad For Extra Parking
✅ Great neighbourhood for family

Click https://u.listvt.com/mls/65468466 for more pictures

01/29/2022

💥 𝑻𝑹𝑬𝑩 - "𝑪𝒐𝒏𝒅𝒐 𝒎𝒂𝒓𝒌𝒆𝒕 𝒄𝒐𝒏𝒅𝒊𝒕𝒊𝒐𝒏𝒔 𝒕𝒊𝒈𝒉𝒕𝒆𝒔𝒕 𝒊𝒏 20 𝒚𝒆𝒂𝒓𝒔"

First time in the 20 years of condominium real estate history, both buyers and tenants are facing the tightest market conditions. In the 4th quarter of 2021,

👆 Average selling price was $710, 087, up by 16.4% over prev. year
👆 Record sales, up by 21%
👇 New listings tumbled 29% annually
👇 Active listings plunged 65%
👉 𝑺𝑯𝑶𝑹𝑻𝑨𝑮𝑬 𝒐𝒇 𝒔𝒖𝒑𝒑𝒍𝒚 𝒂𝒏𝒅 𝒊𝒏𝒄𝒓𝒆𝒂𝒔𝒊𝒏𝒈 𝒅𝒆𝒎𝒂𝒏𝒅 𝒕𝒉𝒂𝒕 𝒘𝒊𝒍𝒍 𝒄𝒐𝒏𝒕𝒊𝒏𝒖𝒆 𝒕𝒐 𝒊𝒏𝒄𝒓𝒆𝒂𝒔𝒆 𝒕𝒉𝒆 𝒑𝒓𝒊𝒄𝒆

This shortage of condominiums has direct impact on the rental market:

👆 Condo lease prices are increasing - 1BR by 13.7%, 2BR by 12.6%
👇 Vacancy rate is tumbling, people are staying put
👇 Condo rental supply toppled by 49 per cent!!

"𝐄𝐬𝐬𝐞𝐧𝐭𝐢𝐚𝐥𝐥𝐲 𝐲𝐨𝐮 𝐜𝐚𝐧’𝐭 𝐫𝐞𝐧𝐭 𝐰𝐡𝐚𝐭 𝐢𝐬𝐧’𝐭 𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞” - Kevin Crigger, Real estate board president.

The DEMAND will continue to rise, so will the sale price and the rent. Now the question is 𝐇𝐨𝐰 𝐟𝐚𝐬𝐭 𝐰𝐢𝐥𝐥 𝐚𝐧 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫 𝐫𝐞𝐚𝐜𝐭 𝐭𝐨 𝐭𝐡𝐢𝐬 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲.

01/27/2022

💃 Done Deal in Mississauga! With inventory of houses in GTA at it's lowest, we converted our second offer! One of the best compliment came from the Listing Agent and his clients - "We chose you over other realtors because we loved your approach and presentation". Couldn't have been more happy today....🥳🙏

01/13/2022

🚩 𝐘𝐄𝐀𝐑 2021 𝐌𝐚𝐫𝐤𝐞𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐟𝐫𝐨𝐦 𝐓𝐑𝐄𝐁:
~ A record 121,712 sales in 2021, up 28% compared to 2020
~ Record demand was up against a constrained supply of listings. New listings rate < sales rate
~ Leading to an all-time high average selling price, + 17.8% 𝐨𝐯𝐞𝐫 2020
~ Factors supporting demand -> Growth in many economic sector + low borrowing cost
~ Overall sales in the “416” area code were up by a substantially greater annual rate (+36.8 per cent) than other areas in GTA: 𝐂𝐨𝐧𝐝𝐨𝐦𝐢𝐧𝐢𝐮𝐦 𝐦𝐚𝐤𝐢𝐧𝐠 𝐫𝐞𝐜𝐨𝐯𝐞𝐫𝐲

🚩 𝐃𝐄𝐂𝐄𝐌𝐁𝐄𝐑 2021 𝐌𝐚𝐫𝐤𝐞𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐟𝐫𝐨𝐦 𝐓𝐑𝐄𝐁:
~ GTA reported 6,031 sales – a strong result historically, but still down by more than 1,000 transactions (-15.7 per cent) compared to the record of 7,154 set in December 2020
~ Over the same period, new listings were down by 11.9 per cent to 5,174
The MLS® Home Price Index Composite benchmark was up by 31.1 per cent year-over-year in December. The average selling price was up by 24.2 per cent annually to $1,157,849