Radwan Realtor

02/10/2024

How can you find complete information about a house for sale or rent without contacting a real estate agent?
عند مرورك في شارع ورؤيتك لبيت معروض للبيع أو الأجار... كيف تحصل على معلومات كاملة عن هذا البيت دون التواصل مع وكيل عقاري؟ ... شاهد الفيدو.

Check out Khaled Al Radwan's video.

09/25/2023

🏡 Toronto Real Estate Market Update 📊

The market is definitely slowing down, and this news coincided with the Bank of Canada's decision to keep interest rates steady, which was a relief for the industry.

Here's a snapshot of what happened in August:

📉 Price Drops: The benchmark price dropped by nearly $20,000, and the average price saw a significant decrease of approximately $36,000.

🏠 More Inventory: There was a slight increase in available homes compared to demand.

💰 Affordability Concerns: Despite the market slowdown and potential price drops, the growing gap between housing prices and income levels. For first-time homebuyers and policymakers alike, this presents a challenge that won't be easily resolved.

It's essential to keep an eye on the market as we navigate these changes. Stay informed by following us for more updates!

07/12/2023

Bank of Canada raises policy rate 25 basis points, continues quantitative tightening

The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening.

05/03/2023

The Toronto Regional Real Estate Board has released data for April, showing that Toronto's real estate market is continuing to heat up due to a lack of inventory, resulting in prices shooting up across the board. Despite 4+ percent interest rates, many are predicting that Toronto's real estate prices will continue to rise for the rest of 2023. However, signs of an impending recession are growing with a weakening Canadian economy and business insolvencies up. The benchmark price rose $27,000 in April, the average price rose nearly $47,000, and the median price rose $34,000. Sales to list price ratio was up, and homes are selling for more than their asking price. The lack of listings compared to one year ago has resulted in a 38 percent drop in the number of new listings coming to market in April. Some realtors are predicting that Toronto's real estate market has nowhere to go but up, while others argue that the trend could be short-lived and prices could reverse another 10 percent due to the leading impact of interest rate hikes.

04/13/2023

The Bank of Canada has maintained its policy rate of 4.5%. Despite recognizing that the economy is growing at a stronger pace than expected, the bank is concerned that it may take longer than anticipated to return inflation to its 2% target, so it plans to keep interest rates higher for longer. The bank disagrees with market expectations that rate cuts will occur in the near future. The government spending plans are not contributing to slowing growth, but they are not helping with inflation either. The governor stressed that inflation is coming down and businesses and government should not incorporate the higher cost of goods into wage negotiations.

04/06/2023

Updated news from the Toronto Regional Real Estate board! The latest data shows a surge in housing prices for the second consecutive month. This increase is due to a lack of sales and listings coming to market, which is causing prices to rise. The Benchmark price has increased by over $27,000, the average price by close to $13,000, and the median price by $25,000. Homes are now selling for 1% more over asking price compared to the previous month. While there is slightly more inventory on the market, there is still a lack of available inventory leading to increased competition. This shortage of listings is partly due to a lack of distressed selling, and many sellers are holding out for higher prices. This, combined with pent-up demand, is contributing to the current state of the Toronto real estate market. Keep an eye out for the Bank of Canada's interest rate announcement next week, as it will likely have a big impact on the market.

أفادت الجمعية العقارية الإقليمية في تورونتو بأن هناك زيادة في أسعار السكن للشهر الثاني على التوالي. ترجع هذه الزيادة إلى نقص في عدد المبيعات والعروض المتاحة في السوق، الأمر الذي يؤدي إلى ارتفاع الأسعار. حيث زاد السعر المرجعي بأكثر من 27,000 دولار، والسعر المتوسط بقرابة 13,000 دولار، والسعر الوسيط بمقدار 25,000 دولار، وتباع المنازل بنسبة 1% أعلى من سعر الطلب المعروض في الشهر السابق. ورغم وجود المزيد من المخزون في السوق، فإنه لا يزال هناك نقص في العروض المتاحة مما يؤدي إلى مزيد من الصراعات والتنافس. وترجع هذه النقص في العروض جزئياً إلى نقص المبيعات العاجلة، ويعتزم العديد من البائعين الانتظار حتى يصل سعر العقارات إلى مستويات أعلى. كما يسهم الطلب المحتجز في السوق العقارية بتأثيراته على الأسعار الحالية في تورونتو. ويمكن أن تؤثر إعلانات البنك المركزي الكندي لأسعار الفائدة في الأسبوع القادم بشكل كبير على السوق

03/29/2023

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03/22/2023

As we embark upon the holy month of Ramadan, it is a time for reflection, devotion, and self-discipline. May this sacred time remind us of the blessings in our lives and inspire us to show gratitude and generosity towards others. Let us also remember those who are less fortunate and strive to make a positive impact in our communities. May Allah accept our fasts, prayers, and good deeds, and grant us peace, happiness, and prosperity throughout this blessed month and beyond. Ramadan Mubarak to all!

03/08/2023

It's International Women's Day! Today we celebrate women's greatness and achievements. Tag a woman or women who inspire you and show them some love.💐💐💐

03/04/2023

Toronto Real Estate Market Update - February 2023: Prices SURGE
In January, homes were selling for 98% of their asking price on average, but this increased to 100% in February. Additionally, there has been a significant increase in home prices, with the benchmark price up over $12,000, the average price up close to $60,000, and the median price up to $40,000. There is also a shortage of supply, resulting in homes selling much closer to their asking price.

02/20/2023

Happy Family Day! Today is all about spending quality time with those who mean the most to us. Whether it's having a family dinner, going for a walk or simply enjoying each other's company, let's make the most of this special day to express our gratitude and affection. HAPPY FAMILY DAY