by Mahmud Naqvi | May 22, 2023 | Market Update
Some highlights of April 2023 real estate activity: April Stats 2022 2023 CHANGE Total Transactions 7,940 7,531 – 5% Average Selling Price $ 1,250,704 $ 1,153,269 – 7.8% Total new Listings 18,416 11,364 – 38.3% Following are the actual sales numbers...
by Mahmud Naqvi | Apr 4, 2023 | Market Update
The real estate market is currently experiencing a high level of activity, with many buyers competing for a limited number of properties. This has led to a situation where multiple offers are common, as buyers try to outbid each other in order to secure their desired...
by Mahmud Naqvi | Mar 4, 2023 | Market Update
Given the recent trend in the real estate market, it’s no surprise that prices have experienced significant drops compared to last year’s rates. With interest rates now reversing from their previous bottom-low policies, the extreme price growth witnessed...
by Mahmud Naqvi | Feb 8, 2023 | Market Update
“In 2022, we saw one of the biggest single-year shifts on record in Canadian housing activity, from record highs last winter to just below the 10-year average to end the year,” said Jill Oudil, Chair of CREA. “That said, the market’s adjustment to higher rates may be...
by Mahmud Naqvi | Jan 29, 2023 | In the News
Anxiety spikes over housing amid Canada’s plan to welcome 1.5M new citizens by 2027 A quarter of Canadians think prices will eventually fall. Here’s why that’s unlikely Rapidly cooling housing market helps to quell Canadian inflation What the Bank of...
