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

MORTGAGE NEWS 2020

By: Marilyn Palmer

MORTGAGE NEWS 2020

Tags: mortgages, reverse mortgages, real estate, real estate investing, homes, condominiums, buyers, first-time buyers

  Keeping you informed on mortgage trends for 2020.  I welcome Gregory Johnston, Mortgage Agent with Your Mortgage Connection  to share his  thoughts and expertise. Rates, credit scores, mortgage penalties, stress test, self employed buyers, demographics and buying habits, new products and our thoughts for the future.  Informative and worth listening to this podcast (if I...Read More

DECEMBER MARKET ANALYSIS

By: Marilyn Palmer

DECEMBER MARKET ANALYSIS

Tags: homes, average selling price, buyers, sellers, Mississasuga, Toronto, Burlington, detached, condominiums, real estate

  The December Market Anaylsis is here for the GTA, Oakville, Milton and Burlington areas.  In some cases, you will receive a year-end report now as well.  The same story seems to be holding true for the 2019 year for most areas (other than Burlington) - sales were up and the number of new listings were down which created, of course, an increase in the average selling price.&n...Read More

November Market Results

By: Marilyn Palmer

November Market Results

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

What to say...what to say...that would make this Market Minute more interesting than last month's?  Inventory, the number of listings, are down - way down when  compared to the number from the same time last year.  The GTA experienced a 14.2% increase in sales and Burlington - a very minimal decrease. At the time of this writing, the Oakville, Milton District Real Estate Board h...Read More

October Market Results

By: Marilyn Palmer

October Market Results

Tags: Toronto, GTA, Mississauga, Oakville, Burlington, Mississauga , homes, condominiums, buyers, sellers, average selling price

  Here are your October Market Results for the Burlington , Oakville, Milton and GTA areas.  The market continues to get tighter and Average Selling Prices are on the way up as supply vs. demand continues. BURLINGTON AREA RESULTS The overall sales activity for Burlington saw a 4% decrease in October when compared to the same time last year.  Howver, the number of new listings was...Read More

SEPTEMBER MARKET RESULTS

By: Marilyn Palmer

SEPTEMBER MARKET RESULTS

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

The story continues with a very tight market within the Burlington, Milton and Oakville areas where sales and listings were down.  The only difference is what happened in the Toronto area where sales increased by 22% over the same period last year.  It is also interesting to note what is happening in the Hamilton market - an 8.5% increase in the Average Selling Price due to the heavy sup...Read More

August Market Minute

By: Marilyn Palmer

August Market Minute

Tags: Toronto, GTA, Mississauga, Oakville, Burlington, Mississauga , homes, condominiums, buyers, sellers, average selling price

  I am starting to sound like a broken record - the market continues to tighten as listings decrease when compared to the same period last year.  Sales were down in most areas, but fewer homes are on the market as well.  I have seen  a few several mutlple offer situations in the month of August not only in home sales but also in the rental market as well. Here are your results...Read More

1 Message Us On Facebook Message us on Facebook!
close