by Mahmud Naqvi | Aug 7, 2021 | Market Update
Some highlights of July realestate activity: Residential transactions down 14.9% July 2020 – 11,033 July 2021 – 9,390 Average Selling Price Up 12.6% July 2020 – $943,594 July 2021 – $1.062,256 New Listings Down 30.7% July 2020 – 18,119...
by Mahmud Naqvi | Jul 5, 2021 | Market Update
Some highlights of June realestate activity: CMHC lowered buyers’ required credit score to 600 from 680, and adjusted the maximum amount of debt-to-income that buyers can carry. Market share of CMHC has dropped to 23% — the lowest share in decades Sagen(formerly...
by Mahmud Naqvi | Jun 5, 2021 | Market Update
Some highlights from CREA for may realestate activity: National home sales declined by 7.4% on a month-over-month basis in May. Actual (not seasonally adjusted) activity was up 103.6% year-over-year. The number of newly listed properties fell back by 6.4% from April...
by Mahmud Naqvi | May 2, 2021 | Market Update
April Real Estate sales activity was consistent across the Greater Toronto Area. Partly due to the expectations of higher stress test qualifications proposed by OSFI. So far it’s not implemented yet or announced other than the recommendation posting last month....
by Mahmud Naqvi | Apr 3, 2021 | Market Update
March sales activity was record setting but ended with softening conditions. Its highly likely that April activity will be defining the future of sales for the next 6-12 month period. Following is the March sales activity in Greater Toronto Area’s major cities:...
by Mahmud Naqvi | Mar 5, 2021 | Market Update
Record home sales in the Greater Toronto Area (GTA) continued in February as buyers remained confident in their employment situations and took advantage of ultra-low borrowing costs. With multiple buyers continuing to compete for many available listings, double-digit...
