Nilufer  Mama

Nilufer Mama

Broker

Forest Hill Signature Real Estate Inc., Brokerage*

Mobile:
416-346-0850
Office:
416-929-4343
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Nilufer Mama's blog

Average GTA Home Price Hovers at $1 3M - [Video]

Almost 11k GTA home sales were reported in March 2022, capping off the third-best March and second-best Q1 on record. Sales decreased YoY for all major market segments, but condo apartment transactions dipped much lesser. 

Tight market conditions supported double-digit annual price growth, with an average selling price of $1.3M. The MLS HPI Composite benchmark increased by 34.8% YoY in March 2022. 

Happy Easter

 

Wishing everyone celebrating a very Happy and Blessed Easter

Foreign Homebuyer Tax is increased across Ontario - [Video]

 

On March 30, 2022, non-resident homebuyers' tax increased by 20% in Ontario, as part of the government's action plan on housing. This should be working to increase supply and keep costs low for Ontario homebuyers, not foreign speculators looking to take advantage. 

February home sales rise as buyers scoop up first of the 2022 spring listings - CREA Real Estate Market Stats - Feb 2022

Statistics released by the Canadian Real Estate Association (CREA) show national home sales were up in February 2022 as buyers jumped on the first batch of spring listings.

HIGHLIGHTS

  • National home sales rose 4.6% on a month-over-month basis in February.

  • Actual (not seasonally adjusted) monthly activity came in 8.2% below the record February in 2021.

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