The Greater Toronto Area real estate market plummeted after a 1% interest rate increase.  In July 2022 recorded a 6% decrease month-over-month, which is the largest decrease this year.  However, some cities are gradually getting on their footing. Which are these cities? This month’s July 2022 Toronto Real Estate Board Market Watch Report will give you a better sense of the real estate market in the GTA.     Average Sold Price  Across the whole GTA... [read more]

In response to the attempt of controlling the runaway inflation, The Bank of Canada has raised interest rates 1.5% between June 1st and July 13th of 2022. With rising interest rate and plunging property prices, has the Toronto Real Estate market hit the bottom yet? How much benefit are buyers getting if they wait a little bit longer? For young people who recently bought their first condo, or those who are getting ready to get into the real estate market, this is a time that may be quite... [read more]

  People are freaking out about the gloom and doom of the Toronto Real Estate Market crash. The increase in interest rate, the frequent uptick of interest rate, to which regions and areas have dropped the most in price. So let’s take a closer look at five parameters that measure market crashing to see what’s really going on. Let’s see the analysis from Toronto realtor Priscilla Han and answer some pertinent questions from the general public.   Average... [read more]

Priscilla Han, your real estate broker in the Greater Toronto Area, takes a look closely at the newly available Toronto Real Estate Board market watch report released in April 2022. With the new series of policies launched by the Canadian Central Bank to hammer the real estate markets and multiple interest rate hikes, will the Toronto real estate market crash? When we compare the April 2022 report to the March 2022 one, we study the 5 parameters, and compare them between year-to-year and... [read more]

How did the Toronto real estate market react to the interest rate increase? Is it a buyers market now? Priscilla Han, Real Estate Broker in the Greater Toronto Area, will take a look at the newly available market watch report from the Toronto Real Estate Board for March 2022. The average sold prices dropped approximately 2.5% during March 2022, from $1.3 Million as compared to February 2022, at $1.33 Million. Compared with last year, March 2021, when there were close to 16,000 deals.... [read more]