Mahesh Khatri’s Post

Canadian home sales rose 30% in October from a year ago - https://lnkd.in/ghzf5vPR The Canadian Real Estate Association says the number of homes sold in October rose 30 per cent compared with a year ago, marking a shift from the market's holding pattern.On a seasonally adjusted month-over-month basis, national home sales rose 7.7 per cent from September, as 44,041 residential properties changed

As we look ahead, the GTA housing market is poised for continued growth with buyers benefiting from further interest rate cuts and more flexible mortgage lending guidelines. Sales are on the rise as affordability improves, offering opportunities for both first-time buyers and investors. Dive in as we explore how lower rates are driving demand and shaping the market’s future. https://wix.to/LnQzGNL #MarketReport

The Toronto Regional Real Estate Board says home sales in June declined 16.4 per cent from last year, with many potential buyers staying on the sidelines despite the highly anticipated Bank of Canada interest rate cut. The board said 6,213 homes changed hands in the month compared with 7,429 in June of last year. The average selling price in the Greater Toronto Area was down 1.6 per cent year-over-year to $1,162,167. New listings rose 12.3 per cent over the same period, with 17,964 properties put on the market last month. Ipsos polling for TRREB indicates that cumulative rate cuts of at least 100 basis points are required to boost home sales by a meaningful amount. #TorontoRealEstate

📰 Canadian real estate market news roundup / October 2024 🍁 GTA | Greater Toronto home sales jump in October after Bank of Canada rate cuts: board (https://lnkd.in/g8a_2Ccr) Vancouver | Vancouver home sales surge in October amid lower borrowing costs: board (https://lnkd.in/gJFrFcdq) Montreal | Montreal-area home sales jumped in October as prices rose: board  (https://lnkd.in/g64NVMUr) Calgary | Calgary's October home sales flat over 2023, but supply for lower-priced homes lagging  (https://lnkd.in/g7d9_HR3) source: The Canadian Press News 🏘 🏦 #canadianrealestate #realestatenews #calgaryrealestate #torontorealestate #montrealrealestate #vancouverrealestate

The Toronto Regional Real Estate Board (TRREB) reported a 4.58 per cent year-over-year decline in its benchmark home price for September, bringing it down to $1,068,700. Home sales for the month rose by 8.5 per cent, with 4,996 transactions compared to 4,606 in September of last year.

Toronto home sales and prices are set to surge again and experts are raising alarm bells Contact me to discuss the latest scoop in real estate! #love #mortgage #broker #realestate #rates #valentine #bemine #outsmartthebanks #Refinance

The Toronto Regional Real Estate Board (TRREB) reported a 4.58 per cent year-over-year decline in its benchmark home price for September, bringing it down to $1,068,700. Home sales for the month rose by 8.5 per cent, with 4,996 transactions compared to 4,606 in September of last year.

Over the last few weeks, the Toronto real estate market has been an interesting mix of opportunity and caution. 😯 With home sales down by 5.3% compared to last year, you might think it’s a slow market, but the reality is different. There’s been a noticeable increase in housing supply—new listings are up 1.5%, and active listings have surged by over 46%. This means there are more choices for buyers, and as someone thinking of buying or selling, it’s a great time to act. For buyers, the recent Bank of Canada interest rate cuts have improved affordability, especially if you’re looking at variable-rate mortgages. Lower borrowing costs make now a prime opportunity to get more value for your budget. And for sellers, despite the uptick in inventory, the average selling price in Toronto remains strong at around $1.07 million. Homes are sitting on the market a bit longer, but this actually gives you the chance to market your home strategically to the right buyers. I’ve been keeping a close eye on these market changes, and I believe it’s a great time to make a move. Whether you’re buying or selling, I’d love to help you navigate this balanced market with my experience and knowledge of Toronto real estate. I can help you position your property for the best return or find that perfect home at just the right price. Let’s connect and explore your options. The market is full of opportunities, and I’m here to guide you through them. Feel free to reach out!

Real estate market in #Canada is still transitioning, but to what? Seems buyers are waiting for, trying to time, the market. What we do know is that prices will start to rise as more buyers activate, and that could happen sooner than later with more interest rate cuts expected before end of year, and mortgage rule changes due December 15, https://lnkd.in/eua97-2m

The Toronto Regional Real Estate Board (TRREB) reported a 4.58 per cent year-over-year decline in its benchmark home price for September, bringing it down to $1,068,700. Home sales for the month rose by 8.5 per cent, with 4,996 transactions compared to 4,606 in September of last year.