I'm pleased to announce that the Toronto Regional Real Estate Board (TRREB) is offering scholarships to graduating high school students. Since the program's inception in 2007, we have awarded $200,000 to 50 deserving students. This year, there are eight awards: 2 x First Place Awards ($5,000 each) 2 x Second Place Awards ($2,500 each) 2 x Third Place Awards ($2,000 each) 2 x...
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I was fortunate enough to get away from the city for a few days and do some skiing with the family! Earlier in the week, the ski conditions were perfect and the weather was cool! You know what else was cool? The housing prices in pockets around the GTA. Some houses sold for less than they should, with fewer buyers competing. Many homes passed their offer-date and either re-listed...
The average home in the GTA, sold for $1,334,544 which is an increase of +$27.6% from last year. But there has been a slight shift in the past few weeks. Showings and offers have been less than expected, and a lot of properties have passed the offer-date without an accepted offer. Further, more and more bully-offers have been accepted, which means that the showings weren't as busy as...
The average home sold for $1,334,544 across the GTA, which is an increase of +27.6% since last year.
https://youtu.be/IqpvBqgV5qQMortgage Interest Rate Hike (March 2022) What does the mortgage interest rate-hike mean for buyers and sellers? The Bank of Canada has announced an increase of the interest rate of +0.25% to 0.50%. Join Lawrence Mak and Chris Molder as we discuss how the new mortgage interest rate hike will affect both Buyers and Sellers. Watch the interview with Chris Molder if you have...
https://youtu.be/fpEOjteDAdA How to get a gift for your down payment? Join Lawrence Mak and Chris Molder as we discuss the different options for getting a gift to help with your down payment. As the Toronto market increases at a crazy rate, a lot of buyers are increasingly turning to other sources of funds, such as a financial gift from a parent. Parents gave $10 billion to their Children and according...
The numbers for January were staggering! The average price for a home in the GTA is now $1,242,793, which is up +28% from last year. I personally think a lot of buyers made a New Year's Resolution to get into a new home in 2022 so the numbers reflect this. Supply was limited in January and houses around the GTA routinely had offers of 20 or 30 on offer night.. As more houses come up for...
With an average price of $1,242,793 across the GTA, there was an increase of +28.4% compared to last year.
Happy Chinese New Years! https://youtu.be/vNde5I3tL9EWishing everyone a Happy Chinese New Years and a prosperous Year of the Tiger! Lawrence Mak Real Estate Broker EXP Realty,...
A lot of buyers came out this week and I'm hearing the same story from other realtors across the GTA. Maybe Buyers had a New Year's resolution that they were definitely going to buy something this year, or maybe they feel condos are much more affordable than townhouses. Whatever the reason, buyers are coming out in droves! Two weeks ago, a 2-bedroom in the same building sold for $718,000 and...