THEDA LEAN CPA,CGA - Real Estate Representative

10/23/2024

08/17/2023

Lack of Inventory Plagues GTA Luxury Real Estate

Theda M Lean CPA,CGA is a real estate agent with Homelife Dreams Realty. Check out Theda M Lean CPA,CGA's listings or office listings.

08/12/2023

Rising interest rates a factor as new homes sales dip in GTA: BILD
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The Building Industry and Land Development Association (BILD) reported that new home sales in the Greater Toronto Area (GTA) were up 32 percent from June 2022, but still 30 percent below the 10-year average. This is due to the Bank of Canada's series of interest rate hikes, which have caused prospec...

08/06/2023

Ontario caps rent increases below the rate of inflation
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The Ontario government announced a rent increase cap of 2.5% for 2023, significantly lower than the 5.3% that landlords would normally be able to raise rent due to the high rate of inflation. This cap will apply to approximately 1.4 million rental units covered by the Residential Tenancies Act, but....

07/29/2023

TRREB: Condo Sales in the GTA Climb While New Listings and Prices Drop
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The Toronto Regional Real Estate Board (TRREB) reported that condo sales in the GTA (Great Toronto Area) have increased while new listings and prices have dropped. With more competition between buyers, the average condo selling prices should climb above last year's levels in the second half of 2023....

07/20/2023

Canada's Housing Affordability Soars

Theda M Lean CPA,CGA is a real estate agent with Homelife Dreams Realty. Check out Theda M Lean CPA,CGA's listings or office listings.

07/11/2023

Interest rate shock won't hit fixed-rate mortgage borrowers until 2025, expert says - BNN Bloomberg
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Borrowers with fixed-rate mortgages will not feel the full effects of higher interest rates until 2025 or 2026 when they have to refinance their mortgages. This is according to Chris Wolfe, managing director and head of North American banks at Fitch Ratings. The Bank of Canada has resumed raising in...

07/02/2023

Average annual rents in Canada up 6.5%; lowest increase in year and a half - Indo-Canadian Voice
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The Rentals.ca and Urbanation National Rent Report found that the average asking rent in Canada rose 6.5% in May, the lowest percentage annual increase since December 2021. This is due to rising immigration, increasing home prices, and interest rates at a 22-year high. Vancouver topped the list of 3...

06/24/2023

GTA housing market demand heats up
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The Greater Toronto Area housing market saw an increasing demand in May, with 9,012 sales - a 5.3% monthly and 24.7% annual increase. However, new listings were down 18.7% during the same period, creating competition between buyers and pushing up the average selling price to nearly $1.2 million. TRR...

06/17/2023

Detached home prices up 5% in Mississauga and Brampton | insauga
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Detached home prices have been increasing in Mississauga and Brampton, two of the preferred regions in the GTA. According to a report from Zoocasa, the average detached home price in these regions grew 5.72% from January 2023 to March 2023. Peel Region had the highest increase in home sales, with an...

06/05/2023

Ontario Real Estate Is Heading Towards a Shift to the Seller’s Market

Theda M Lean CPA,CGA is a real estate agent with Homelife Dreams Realty. Check out Theda M Lean CPA,CGA's listings or office listings.