Nilufer  Mama

Nilufer Mama

Broker

Forest Hill Signature Real Estate Inc., Brokerage*

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Nilufer Mama's blog

Real estate industry braces for foreign buyer ban

 

With financial markets roiling and house prices tumbling, investors in countries around the globe appear to have a diminished zeal for buying real estate outside of their own borders.

Even so, Canadian real estate mavens are brushing up on the temporary foreign buyers’ ban, which is set to come into effect on Jan. 1.

Canada's Mortgage Rates Prediction - [Video]

Experts don't expect rates to hit 4 by year-end but they see another 50 basis points coming. Bringing the BoC rate to a resting place of 3.75% till end of 2022. A fixed rate as high as 6% is likely on the table. Also, experts believe the BoC pause rate hikes in Q1 2023. 

The Greater Toronto Real Estate Monthly Market Update - October 2022 [Video]

The overall inventory of homes on the market is well up from the rock-bottom levels seen earlier in the year, which is good news for anyone looking to purchase. Market for sellers has surged, demand was more than supply. Supply made a steady gain, signalig movement towards a more balanced market. Inventory increased by 68.1% compared to last year. 

My Greater Toronto Area Real Estate Newsletter - Nov/Dec 2022

 

Market continues to adjust

As borrowing costs climb

High rents in Toronto Still make the case for investing - [Video]

 

The average rent for a 1-bed in Toronto was $2,474 in September 2022. Rents for a 1-bed in Toronto increased by 27.5% yearly and 6.3% MoM. For a 2 bed, the average rent was $3,361, an increase by 27.7% yearly and 2.9% MoM. The average rent across Canada was $2,043 in September, an increase by 15.4% yearly.

Greater Toronto Real Estate Market Update Sept 2022 - [Video]

 

More inventory came onto the market in September, to the extent that the market feels more normal. Market for sellers has surged, demand was more than supply . Market for sellers has surged, demand was more than supply. Supply made a steady gain, signaling movement toward a more balanced market.

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