Lana

10/03/2024

09/30/2024

Real Estate updates. As we welcome October this week and head into the final quarter of 2024, there’s certainly a lot to talk about!

The summer real estate market has officially wrapped up and the fall is now upon us. I hope you had a great summer! As the kids go back to school, the season has kicked off with a 0.25% interest rate cut from the Bank of Canada, with another possible cut expected at the next policy meeting on October 23rd.

Canada’s national banking regulator says borrowers with uninsured mortgages will no longer need a stress test when switching lenders.

Financial experts say the Bank of Canada should cut rates by 50 basis points if inflation decreases by the next policy meeting in October.

The Canada Mortgage and Housing Corporation reports the annual pace of housing starts slowed in August.

New home sales in Toronto hit “historic lows” in August.

The pre-construction market in Toronto continues to struggle as the Building Industry and Land Development Association (BILD) reported new home sales hitting historic lows in the GTA in August. There were 464 new sales in the GTA in August, down 46% year-over-year and 73% below the 10-year average. Elevated inventory and high interest rates are to blame for the weak performance.

On the selling side, we’ve seen a high level of inventory over the past few months, leading to increased competition and dampened price gains. With the fall here, we expect to see another surge in inventory. Sellers looking to list this fall would benefit from getting ahead of the anticipated influx and listing their properties now.

09/17/2024

Have a very good day, my dear friends! May your home be filled with peace and comfort. Value and cherish those who are dear to you, give them your love, warmth and care. Have a great day everyone!

07/28/2024

06/03/2024

Такие вот необычные птицы, это индийские павлины.

06/02/2024

Peony garden with swan, birds and pond.

05/30/2024

Блокнот изобилия, в него я записывая сценарий моей жизни, самые смелые и заветные желания. Сценарий под названием Жизнь. А как вы?