#torontorealtors

[geoffreyau]

Posted @withregram • @rightathomerealty What's going on in the GTA market? Here are the latest market stats.⁣⁣ ⁣⁣ ⁣Toronto Regional Real Estate Board reports: "The Greater Toronto Area (GTA) housing market experienced a marked adjustment in 2022 compared to record levels in 2021. Existing affordability issues brought about by a lack of housing supply were exacerbated by sustained interest rate hikes by the Bank of Canada.⁣⁣ ⁣⁣ The average selling price for 2022 was $1,189,850 3 up 8.6 per cent compared to $1,095,333 in 2021. This growth was based on a strong start to the year, in terms of year-over-year price growth. The pace of growth moderated from the spring of 2022 onwards."⁣⁣ ⁣⁣⁣⁣ Follow our page to get the latest info to guide your real estate purchasing and selling!⁣⁣ ⁣⁣ ~~~⁣⁣ ⁣⁣ Right at Home Realty, Brokerage >> Our Business is Growing Yours⁣⁣ ⁣⁣ @thereal_trreb #RightAtHomeRealty #marketwatch #torontorealestate #realestateagent #torontorealtors #realtor #torontorealestateboard #gtarealestate #torontorealestatemarket #torontorealestateagent⁣⁣ (at Markham, Ontario) https://www.instagram.com/p/CnNdYIfvCct/?igshid=NGJjMDIxMWI=

[thebrokeragerealestate]

Looks like there are some strict new rules that are coming to the MLS system in 2023. All new listings that are being publicly marketed for sale, have to be on MLS within 3 days of the beginning of the marketing.

I wonder what kind of effect this is gonna have on the Exclusive Listings, and those listings that are not allowed to be marketed to the General Public?

[thebrokeragerealestate]

The fight over the fate of the Toronto housing market is pitting stressed-out homeowners against fed-up renters

I guess there are 2 sides to every coin? It seems that there are people that are eagerly looking forward to the prices for homes going down, and some that are hoping that prices will fall.

There is a ton of data out there, and historically we can look to see what has happened in the past, to better predict the future. There are always people that believe wholeheartedly, in one outcome over the other. What do you think is going to happen in 2023?

[thebrokeragerealestate]

Canadian Home Prices Could Drop 20% as Economy Sours: Economists

Experts have an unanimous opinion: things are going to get worse in the global economy and many housing markets before they will get better.

Whenever it comes time to predicting the future, economists must use the data at hand to make predictions. This at times makes it seem that they are merely guessing what can happen. However there is more to the analysis that they provide than just guessing. Today's analysis shows potentially large drops in market prices leading into the 2nd quarter of 2023.

What are your thoughts on what the future holds for the Toronto Real Estate Market?

[thebrokeragerealestate]

GTA Home Prices Fall Annually in September, First Time Since 2018

Average GTA home prices fell -4.1% in September compared to last year, marking the first annual decline in home prices since May 2018.

Looks like there is good news in the GTA Real Estate Market. For those that are shopping around now, it is a more balanced and reasonable market. There are no run away prices, no double digit price growth, and its just calmed down.

What effects do you think this will have on the GTA Real Estate Market?

[thebrokeragerealestate]

OTTAWA - As rising interest rates weigh on housing affordability, a new report suggests some relief may be on the horizon.

Great news heading into 2023. With all of the changes in the Real Estate Market in 2022, its good to hear some news that isn't negative for 2023. The Greater Toronto Area seems to be outpacing the rest of the country, and even other metropolitan areas when it comes to the growth that they are seeing.

Do you expect major changes to affordability to come in 2023?

[thebrokeragerealestate]

No housing crash on the horizon | Advisor's Edge

Yet clients will need guidance in the medium term due to real estate-driven volatility and affordability pressures

Great news for the Local GTA Housing Market. According to most experts, the prices have stabilized from their hyperinflated pandemic values. Everyone has been worried that a crash is imminent. but this article from Advisors Edge seems to say otherwise.

[thebrokeragerealestate]

"Contrary to Popular Belief": Ontario's Multi-Property Home Trends Don't Fit the Stereotype

Teranet's latest Market Insight Report focuses on multi-property ownership profiles in Ontario, and it dispels many common stereotypes.

Great insight as to how the multi property market has changed in the last few months. High rates of inflation are causing investors to remove their money from savings accounts, and invest in the market.

With high demands for housing in the GTA, the current Multi-Family investments that are on the market are becoming more tempting for long term investors.