Canadians are understandably hesitant to engage in the market currently and as per an annual forecast from Remax, trend will remain the same in balance of 2023. As compared to 49% in 2021, current report reveals that 73% Canadians still see real estate as a solid long-term investment. In sharp contrast to 2022, most regions analyzed in the report will experience more balanced conditions in 2023. Also, another report from RE/MAX Canada reveals that homeowners are well-positioned to ride out the... [read more]

2022 Real Estate Market Outlook for Southern Ontario According to the RE/MAX broker network in Ontario, market activity across the province is anticipated to remain steady in 2022, with continued average price growth, although at widely varying degrees. RE/MAX brokers anticipate average sale price increases in Muskoka (20 per cent), Barrie(15 per cent), Niagara(14 per cent), Hamilton(16 per cent), where the move-over trend has remained strong. Meanwhile, in larger markets within the... [read more]

With this prolonged 2020 pandemic, most economists were anticipating adverse effects on Canadian real estate market including for 2021 but as the year is unfolding, it is rather turning out to be opposite. There is excess demand among buyers and limited supply to go around. Deflating interest rates would be partly to blame for this. Nevertheless, here are some emerging trends we see present in the 2021 Real Estate market: #1: People moving from major cities to smaller suburbs COVID-19... [read more]

Despite all the drawbacks and what one might think, since there was a considerable dip in mortgage ratges few years back, Canada's real estate market (especially GTA area) is quite favorable even during winter months. Surprisingly, there are advantages to both home buyers and sellers looking at their real estate sale & purchase options in the winter months. For those home sellers who have an average looking home, this may prove to be the right time since there will be fewer homes of a... [read more]

Most investors at some point of their life get into this classic debate of real estate versus equities, which one is better investment vehicle, and which will return more yields when invested in? If you still don't know the answer and are juggling between the decision to either invest in the Canadian real estate market or the stock market, then here's your cue if your focus is Canadian market. Let's get to the basics first.  Essentially, real estate simply means land or... [read more]

Bidding wars have been a part of GTA’s Real Estate Industry for at least a decade. We saw bidding wars happen while interest rates were double than what they are today i.e. before 2005, during the 2008 recession and first quarter of 2017. Globe and Mail (2017) published an article showing multiple properties that sold $200,000 (56%) over asking. Naturally, this led to an unsustainable market, where prices began to dip after the implementation of new rules, leaving our market in 2018 to be... [read more]

Real Estate as Investment is only type of asset you can purchase which can appreciate as well as generate income at the same time. GTA real estate investments has proven again and again that it is very stable, giving exceptional appreciation year after year so can be considered one of the best types of investments in Greater Toronto Area. Overall far more safe and rewarding then volatile stocks or GICs reaping hardly any reasonable interest rates even to keep up with... [read more]

The Greater Toronto Area has many reputable real estate agents & brokers to choose from. However, you need an agent that can meet your buying/selling requirements with the utmost aptitude. Below are five of the imperative traits you should look for in a real estate agent or broker to help you with your real estate needs: 1. Experienced & Full time Realtor: This may come as a surprise to you but fact is that many of Real estate agents in greater Toronto area are part timers i.e. Real... [read more]