June Market Analysis

By: Marilyn Palmer

June Market Analysis

Tags: toronto, mississauga, burlington, oakville, detached, condominium, sales, buyers, house prices, GTHA

  With all regions in Ontario now in  Stage 2, the pent-up demand  for home ownership is starting to show within regions of the GTHA.  As soon as Halton Region opened, sales increased and some home sellers experience multiple-offer situations.  Here are your June market results: BURLINGTON RESULTS Burlington saw an increase of 7% in both sales and  listings wh...Read More

JULY 1 MORTGAGE UPDATE

By: Marilyn Palmer

JULY 1 MORTGAGE UPDATE

Tags: mortgages, home ownership, homes, condominiums, detached, home buying, home selling, real estate, toronto, gta, mississauga, oakville, burlington,

  Looking for a mortgage?  Well this is going to happen on July 1 for any lender using CMHC to insure your mortgage.  The changes CMHC are making are likely to make it harder for aspiring home buyers (you) with down payments of less than 20% to get a mortgage.  There is hope though - Genworth Canada says it will not be following CMHC in tightening mortgage insurance eligibilit...Read More

May Market Results

By: Marilyn Palmer

May Market Results

Tags: homes, average selling price, Toronto, Mississauga, Burlington, detached, condominium, real estate, buying and selling, sales, listings

  Supply vs Demand is the story as we continue with these stay-at-home restrictions.  Pent-up demand for housing in both the GTA and Burlington markets saw these areas have a spike in the Average Selling Price.  Here are your market results : BURLINGTON MARKET RESULTS Sales activity for Burlington was down 48% when compared to the same period last year.  However, so were the...Read More

April Market Release

By: Marilyn Palmer

April Market Release

Tags: homes, Toronto, condominiums, buyers, sellers, Mississauga, GTA, Oakville, Milton, Burlington, real estate, luxury real estate

    Social distancing has certainly played a huge part in the slowing down of the real estate market across the areas I cover.  As mentioned, we are no longer able to run public Open Houses and the way we conduct business as usual has changed with the introduction of more virtual services. Here are your April Market Results: GREATER TORONTO AREA RESULTS Greater Toronto Realtors&...Read More

Mid April News

By: Marilyn Palmer

Mid April News

Tags: homes, Toronto, GTA, detached, buyers, sellers, real estate, condominiums, sales, houses

Some clients have asked what's happening in the market.  TRREB just released a special news release for Mid April.  Here are the results for you: Greater Toronto Area (GTA) Realtors® reported a decrease of 69%  in home sales during the first 17 days of April when compared to the same period in 2019.  The sales decline was felt in the detached and condominium apartment ...Read More

Business As Usual?

By: Marilyn Palmer

Business As Usual?

Tags: homes, buyers, sellers, average selling price, GTA, Burlington, Oakville, Milton, real estate, detached, condominiums, Toronto

  I would like to open this by first acknowledging those front-line workers who are helping each and everyone of us cope with this virus.  I also hope, for those reading this report,  that both you and your family are safe and stay safe, through these uncertain times.   Here are your March 2020 Market Results for the Burlington, Oakville, Milton, GTA and Toronto areas.&n...Read More

February 2020 Market Stats

By: Marilyn Palmer

February 2020 Market Stats

Tags: homes, average selling price, buyers, sellers, Mississasuga, Toronto, Burlington, Milton, Oakville, condominiums, real estate, homes, luxury real estate

February Market Results indicate it was an interesting month as sales for most areas increased along with an increase in the number of new listings on the market.  FYI, the first 2 weeks in March show a strong growth in the number of listings, in some areas.  Here are your results for the GTA, Oakville, Milton and Burlington areas: BURLINGTON FEBRUARY RESULTS "The RAHB market w...Read More

New Mortgage Stress Test

By: Marilyn Palmer

New Mortgage Stress Test

Tags: Toronto, GTA, Mississauga, Oakville, Burlington, Mississauga , homes, condominiums, buyers, sellers, mortgage, real estate

As most people know, Ottawa unveiled new plans to revise the current Mortgage Stress Test.  The new rules come into effect April 6, 2020.  This should, in the short term at least, make it easier to qualify for a mortgage.   At the time the OFSI Morgage Stress Test was brought in, the benchmark for mortgage approval was at Canada's Big Banks' 5 year posted rate, wh...Read More

Market Review & Forecast

By: Marilyn Palmer

Market Review & Forecast

Tags: homes, average selling price, buyers, sellers, Mississauga, Toronto, Burlington, Milton, Oakville, condominiums, real estate, detached homes, low-rise homes, real estate

I have been sharing TRREB's Market Year in Review & future Outlook since its inception.  I am honoured again, this year to share their insights.  This is a scaled-down version of the full 60 page report.  This report will highlight market stats, some buyer and seller trends and what the future holds for the 2020 Real Estate Market.  Here we go: 2019 Year in R...Read More

January 2020 Market Update

By: Marilyn Palmer

January 2020 Market Update

Tags: homes, average selling price, buyers, sellers, Mississauga, Toronto, Burlington, Milton, Oakville, condominiums, real estate, luxury real estate

Welcome to your January 2020 Market Update for Burlington, Oakville, Milton, Mississauga and the GTA.  Some areas saw a minimal to substantial increase in sales and some some a minimal to substantial decrease in sales.  The market continues where it left off in 2019 when you look at the number of listings.  Demand vs supply is still the name of the game as we head into the New Year....Read More

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