Selling a home in a buyer's market can be tricky, but do homes still sell? The answer is YES! Having said that, only homes with really aggressive prices seem to sell. What does that mean? Let me back up a bit and check the definitions of different markets. As a general guideline, here is how we define different real estate markets: Seller's market: Typically less than 3 months of inventory. Balanced market: Typically 4–6 months of... [read more]

If you've known me for a while, you've probably heard me answer this question several times over the years—and yes, my answer has changed more than once. No, I'm not losing my mind! 😊 The reality is that real estate markets change, and successful strategies need to change with them. The key is to understand today's market—not yesterday's. Traditionally, in a seller's market, homeowners can often buy first and then sell, or even manage both... [read more]

Real estate market was doing a yo-yo with home buyers and sellers this year, and even people with decades of experience in real estate and banking, have their jaws drop from time to time. I am sure you've heard about the bold mortgage reforms that we haven't seen in over a decade. We, the realtors and mortgage professionals, have been lobbying for a very long time to bring these changes, but unfortunately, we were rejected for so long. In August of 2024, first change was... [read more]

I am sure everyone has their own theory on this topic, but i like to stick to the numbers and historical data. We have many buyers and sellers waiting on a sideline for mortgage rates to go down, hoping that their mortgage payments will go down a bit. However, you should do a proper calculation before you park the buying/selling thought on a bench. Here is your "math homework":) Step 1. How much realistically do you think rates will go down? 0.25%, 0.5%, 1%? My advice is to... [read more]

GTA REALTORS® REPORT APRIL RESALE HOUSING FIGURES, AS TREB RELEASES NEW INSIGHTS ON FOREIGN BUYERS, SPECULATION, AND MULTIPLE OWNERSHIP TORONTO, May 3, 2017 -- The Toronto Real Estate Board has examined property assessment and land registry data in Ontario and has concluded that foreign buyer ownership, as well as speculation by foreign and domestic buyers and multiple ownership in the Greater Golden Horseshoe housing market remains low. TREB is releasing their analysis of... [read more]