Yaseen Khan - Real Estate. Century 21 Percy Fulton

12/05/2024

GTA REALTORS® reported 5,875 home sales through TRREB’s MLS® System in November 2024 – up by 40.1 per cent compared to 4,194 sales reported in November 2023. New listings entered into the MLS® System amounted to 11,592 – up by 6.6 per cent year-over-year. On a seasonally adjusted basis, November sales were up month-overmonth compared to October

07/05/2024

In West Toronto. $1,800/Monthly All Inclusive One Bedroom apartment for lease. DM me for details

BSMT - 15 GRENADINE COURT, Toronto, Ontario M9L2H5

04/10/2024

Eid Mubarak!

04/04/2024

March GTA Market Watch

Here's a simpler summary:

In March 2024, home sales in the Greater Toronto Area
dipped slightly compared to the previous year, partly due
to timing differences with the Good Friday holiday.
However, there was still enough competition among
buyers to push up the average home price. While sales
decreased by 4.5%, new listings increased by 15%
The first quarter of 2024 showed positive growth in sales
up by 11.2% compared to the same period last year.
Market conditions are gradually improving as buyers
adapt to higher interest rates, and more homeowners are
listing their properties for sale, possibly in anticipation of
better market conditions
rices are also on the rise, with the average selling price
up by 1.3% to $1,121,615 compared to last year. Looking
ahead, experts expect prices to continue increasing
especially in the second half of the year.
To address the growing demand for housing, it's
mportant for governments to focus on creating more
housing options and improving affordability. This includes
exploring new housing models and encouraging
development in high-demand areas

Toronto, Ontario

02/26/2024

One Bedroom +Den Condo at 197 Yonge St For Lease for Only $2499. DM us for details.

The view from here is AMAZING!! We love this new condo - for lease at $2,499. DM us for more info, photos and to arrange a showing!

02/07/2024

GTA REALTORS January 2024 Stats Recap:

Home sales surged by over a third, driven by lower
mortgage rates. New listings also increased, but at a
slower rate. Tighter market conditions hint at potential
price growth this spring. TRREB highlights positive start
and lower rates benefiting first-time buyers. Bank of
Canada's inflation expectations may further boost the
market. Despite a slight dip in prices, we anticipate
upward pressure on selling prices. We stress the need for
addressing policy issues at various levels to sustain
market improvements.

01/05/2024

Toronto Real Estate Insights 2023-2024

Record immigration fueled housing demand in 2023, with a shift towards rentals due to affordability challenges. Despite GTA home sales dipping below 70,000, relief is on the horizon - lower borrowing costs expected in 2024! We are optimistic about a rebound.

In 2023, 65,982 home sales were reported, a 12.1% decline. New listings also dropped, posing challenges amid a growing population. On the bright side, buyers benefited from increased choices, negotiating lower prices in 2023, offsetting higher borrowing costs.

Average selling prices for homes in 2023 saw a 5.4% decline but showed a monthly increase, hinting at market variability. We expect renewed price growth if borrowing costs decrease this year.

Looking forward, we are emphasizing the need for more homes to accommodate record immigration, ensuring stability and affordability for residents. Let's anticipate positive changes in Toronto's real estate landscape!

01/02/2024

Happy New Year!

11/30/2023

Never Stop Learning! At the Richard Robbins Masters Academy, 2023

11/07/2023

Just Sold!
225 The Donway #105

11/06/2023

🏡 GTA Housing Update October 2023 📈💼 Affordable housing challenges and market uncertainties continue in the Greater Toronto Area, impacting sales. Yet, prices remain higher compared to last year. 📉💰 

Strong demand in GTA, shifting towards rentals due to borrowing costs and interest rate concerns. Lower mortgage rates may bring sales back up. 

Realtors reported 5.8% lower home sales YoY, with a month-over-month dip. New listings improved from a 12-year low but modestly compared to the 10-year average. On a seasonally-adjusted basis, new listings edged lower compared to September.  

The MLS Home Price Index Composite benchmark and average selling price increased YoY, by 1.4% and 3.5%. On a seasonally adjusted basis, the benchmark decreased compared to September, but the average price remained steady. Both benchmark and price remained above 2023's lows.

 Competition among buyers kept average selling prices above last year's levels. The Bank of Canada recognized the market's resilience. Despite high borrowing costs, prices are still below the record peak in 2022. However, uninsured mortgage holders face challenges when renewing, as qualification rules remain stringent. Calls for a change. 🏠💬 "

09/19/2023

🏡 GTA REALTORS® August 2023 Market Insights 📊

Let's dive into what's been happening in the Toronto housing market in August 2023, but without all the complex stats.

1. **Mortgages Got More Expensive**: You know how when you want to buy a house, you usually get a loan? Well, these loans (mortgages) became pricier. Imagine it's like paying more interest on your credit card – it can make buying a home harder.

2. **Economic Uncertainty**: Think of it as not being sure about your job or your income. The economy was a bit like that, and when people aren't sure about their finances, they tend to put big decisions on hold, like buying a house.

3. **Not Enough Houses for Sale**: Imagine you're at a store, and there's only one of your favorite thing left, but lots of people want it. What happens? The price goes up! In August, there weren't many houses for sale, so the prices stayed high.

Now, let's see what this meant:

- **Fewer Homes Sold**: Compared to last year, there were 5.2% fewer people buying homes. Some people were holding off because of those expensive mortgages and economic worries.

- **Prices Stayed Steady**: Even though not many homes were sold, the prices didn't change much. They kind of stayed where they were.

- **Summer Cool Down**: After a really busy spring, the summer market was more balanced. That's why prices dipped a bit in July.

What's Next?

- **People Still Want Homes**: Lots of folks want to buy or rent homes in Toronto. Think of it like a popular restaurant – there's always a line out the door.

- **Ups and Downs Ahead**: But, it might be a bit bumpy for a while. People are waiting to see what happens with those expensive mortgages and the economy. So, don't be surprised if things go up and down in the short term.

In a nutshell, August 2023 had fewer home sales, stable prices, and some uncertainty. Keep an eye on the market for more updates! 🏠📈🌆