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 12, 2023 | Market Update
Now, more than ever, Real Estate activity is shaping with economic conditions, interest rates, population growth, and government policies. Some highlights of December 2022 real estate activity: December Stats 2021 2022 CHANGE Total Transactions 6,013 3,117 –...
by Mahmud Naqvi | Dec 5, 2022 | Market Update
Some highlights of November 2022 realestate activity: November Stats 2021 2022 CHANGE Total Transactions 8,979 4,544 – 49.4% Average Selling Price $ 1,162,564 $ 1,079,395 – 7.2% Total new Listings 10,044 8,880 – 11.6% Following are the actual sales...
by Mahmud Naqvi | Nov 6, 2022 | Market Update
Some highlights of October 2022 realestate activity: October Stats 2021 2022 CHANGE Total Transactions 9,743 4,961 – 49.1% Average Selling Price $ 1,155,6242 $ 1,089,428 – 5.7% Total new Listings 11,749 10,390 – 11.6% Home prices in the GTA have...
by Mahmud Naqvi | Oct 3, 2022 | Market Update
Supply remains an issue despite impace of higher mortgage rates. Some highlights of September 2022 realestate activity: September Stats 2021 2022 CHANGE Total Transactions 9,010 5,038 – 44.1% Average Selling Price $ 1,086,762 $ 1,135,027 + 4.3% Total new...
