Duggal Real Estate Services

03/12/2024

For those looking to rent, the average rent is falling
Average rent for Toronto (2024):
🛏 $2,495/mo 1-Bed; 🛌 $3,287/mo 2-Bed
-0.6% M/M, -0.2% Y/Y; -1.3% M/M, -0.8% Y/Y;

01/13/2023

GTA Rent Prices Went Down In Some Areas Again & Homes Are Getting Cheaper Too
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A new rent report by Liv Real Estate revealed that in December 2022, the average rent for an unfurnished one-bedroom apartment in the Greater Toronto Area (GTA) had decreased by $12. Mississauga had the biggest increase at 4.57%, while prices in downtown Toronto increased by 3.34%. The average price...

01/02/2023

Income needed to live in Ontario cities

Vivek Duggal is a real estate agent with Right at Home Realty. Check out Vivek Duggal's listings or office listings.

01/01/2023

Canada's average variable mortgage rate expected to peak at 6.35% | Urbanized
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The five-year qualifying rate is expected to rise to a peak of 7.5% in the fourth quarter of 2022, and see gradual declines toward 7.05% in the second half of 2023. Just a reminder that in the first quarter of 2022, the average variable rate was just 1.95%, the five-year qualifying rate was 5.25%, a...

12/20/2022

The Bank of Canada's next rate hike: a toss-up between 25 and 50 bps - Mortgage Rates & Mortgage Broker News in Canada
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“We’ve stuck with our call for a 50 basis point move, but [for] the language of the statement no longer guaranteeing further hikes ahead.” RBC: “The Bank of Canada won’t hit the brakes on interest rate increases next week, but it is likely to slow them down. Scotiabank: “The strong upsid...

12/13/2022

How did the GTA new home market perform in October?
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The market is still reeling from the pronounced slowdown seen in the overall Canadian housing sector this year, new report says How did the GTA new home market perform in October? “Buyers are returning as they become acclimatized to the new market realities of higher mortgage rates and softening p...

12/05/2022

How to invest in real estate in Canada

Vivek Duggal is a real estate agent with Right at Home Realty. Check out Vivek Duggal's listings or office listings.

11/28/2022

Tips for passing a home inspection for Insurance

Vivek Duggal is a real estate agent with Right at Home Realty. Check out Vivek Duggal's listings or office listings.

11/22/2022

How east-end Toronto home prices changed by neighbourhood in October 2022
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Compared to October 2012, the average sale price for all houses and condos in east-end Toronto has increased 128.3 per cent, including a $1.01 million gain for detached houses, a $734,190 gain for semi-detached houses, a $429,900 gain for attached houses, a $1.01 million gain for townhouse-style con...

11/14/2022

Is rent-to-own a magical solution for homeownership?

Vivek Duggal is a real estate agent with Right at Home Realty. Check out Vivek Duggal's listings or office listings.

11/08/2022

"Very Slow" New Home Sales in GTA as Inventory Inches Up: BILD
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But as inflation and interest rates continue to remain high, new home sales in the Greater Toronto Area (GTA) have been underperforming. Despite markets across the GTA experiencing falling home prices as demand plummeted due to rising interest rates, benchmark prices for new homes are still up on an...

10/31/2022

Canadian rent prices reach a three-year high

Vivek Duggal is a real estate agent with Right at Home Realty. Check out Vivek Duggal's listings or office listings.