Nilufer Mama's blog

Tightening affordability caused a slowdown in GTA homebuyer activity. Toronto sales declined 5.8% yearly but increased 0.1% MoM whereas sales in Mississauga, Milton and York Region went up by 25%, 6% and 8.9% respectfully

New listings surge with fewer sales

But home prices notch up

According to the Toronto Regional Real Estate Board (TRREB), strong new listings but lower home sales marked the GTA housing market in September. Despite the market being better supplied with listings, and transaction levels substantially below the September 2022 results, the average selling price of $1,119,428 was not only higher than last year's level but also higher than last month. New listings leaped 44.1 per cent over September 2022 results. TRREB views the growth in the volume of listings as good news...

Wishing everyone celebrating a very Happy and blessed Diwali

Today, as we should every day, we remember those who volunteered, sacrificed, served, fought, and died, for our freedom. We thank you, and we salute you as we salute those who made the ultimate sacrifice for our freedom.
 

Competition between buyers remained strong enough to keep prices above last year's level in October. The demand from buyers was higher than the supply from sellers. 

Supply made a steady gain, signalling movement toward a more balanced market. Total sales decreased compared to last year.

Toronto's housing market is cooling off as buyers await the Bank of Canada interest rate announcement. Home sales slowed in late Q3, with detached home sales dropping by 5.1% MoM.

Average detached home prices in Toronto increased by 5.4% MoM to $1,724,007

Massive price disparities confirm the need to look beyond the downtown core  

About the property:

Beautiful And Spacious 1 Bedroom Unit Galaxy Model At Popular Horizon On The Bay. White Kitchen With Breakfast Bar; Renovated Bath. Large Living Room/Dining Room (Enough Space For A Home Office). Light Laminate Flooring; Ensuite Laundry W/Storage. Very Secure Building W/24Hr Concierge..Steps To Bus Terminal, TTC, Eaton Centre, Restaurants, Hospitals And University. Amenities Include Pool, Gym, Squash Court And Gorgeous Rooftop Deck With Hot-Tub And Great Views!

Extra info:

All Electronic Fixtures, Pot Lights, Stainless Steel Stove, Dishwasher,...

About the property:

Welcome to 3337 Bobwhite Mews, located in one of Lisgar's most sought-after family-friendly neighborhoods. Feel the joy as you view this well-maintained 4+1 Bedroom (almost 2000 SF) home on one of the largest corner lots on the street. Spacious sun-drenched Living and Dining Room with a stylish functional Kitchen /Breakfast area with a charming Bay window; w/o to an oversized two-tier deck and yard with Jap maples and space for your beautiful garden. Bedrooms are freshly painted, and laundry room is conveniently located on the upper level. The spacious Prime...