Irena Elina Real Estate

12/04/2025

REAL ESTATE MARKET UPDATE: November 2025
Greater Toronto Area (GTA) home sales, new listings, and average selling price were down compared to a year earlier in November 2024. Intending homebuyers remained on the sidelines awaiting more positive economic news.
“There are many GTA households who want to take advantage of lower borrowing costs and more favourable selling prices. What they need most is confidence in their long-term employment outlook. Fortunately, we saw encouraging news on jobs and the broader economy in November. If this positive momentum continues, consumer confidence will strengthen, and more people will be in a position to consider purchasing a home in 2026,” said TRREB President Elechia Barry-Sproule. Source: TRREB

06/07/2025

MARKET UPDATE: MAY
The Greater Toronto Area (GTA) housing market experienced an improvement in affordability in May 2025 relative to the same period a year earlier. With sales down and listings up, homebuyers took advantage of increased inventory and negotiating power.

04/30/2025

The calm and practical atmosphere in the interior of this 250 sq ft kitchen-living room is diluted by interesting color combinations that attract attention and add vibrancy to the design

04/29/2025

Just add colour 🎨

04/27/2025

🔔 🔔 🔔 REMINDER:
The Vacant Home Tax Declaration for residents of Toronto is due by April 30th.

Below is the link to the online portal: https://www.toronto.ca/services-payments/property-taxes-utilities/vacant-home-tax/

04/20/2025

04/17/2025

Awsome loft with red brick walls, tons of sunlight, and a jungle of plants! It’s like living in a stylish urban garden. 🌿☀️

04/16/2025

💰MORTGAGE UPDATE 💰

The Bank of Canada has opted to pause its interest rate policy for the time being. Inflation has shown signs of easing and is projected to decline further following the recent removal of the carbon tax, which had been in place for the past eight years. While the Bank may hold off on further rate cuts at this stage, questions remain about whether this decision is premature given the current state of the economy.
Mortgage borrowing among younger Canadians is at a historic low, despite a considerable volume of unsold housing stock remaining on the market. This disconnect points to broader affordability challenges and underscores the need for coordinated policy responses beyond monetary measures. Addressing these issues will likely fall to the next federal government. For now, the Bank of Canada appears to be managing monetary policy with the tools available in a complex and evolving economic environment.

Information provided by John Chrisanthidis, Mortgage Broker

04/15/2025

🌟Stunning living room project in a modern-classic style. 🔑

04/12/2025

The design of a child’s room is conceived to create a special aura, atmosphere for child development, and to stimulate their inherent creative abilities. It seems to me that a girl living in this room will definitely love traveling.