I am a firm believer that all our government policies should be citizens centred.
The policy and decision-makers should thoroughly analyze the impact of their policy changes and decision-making.
Theories and book knowledge is good but those are as good as a tool. We should know if that tool is still good or outdated. It is a constantly changing world and old theories get replaced by new research and new ideas to guide us to face the challenges of the new world.
November 5, 2022
October-2022 Housing Report Review
The Toronto Region Real Estate Board (TRREB) has released its October-2022 housing market report, here is a quick review of the report for your benefit.
The Sellers are holding tight onto their properties as a result there were 11.6% lesser new listings in the market compared to last year.
November 4, 2022
Housing supply and affordability is a hot topic forever but have become even more important nowadays, considering the rising home prices we have witnessed recently.
As a professional Realtor, I face this question every day: How can the public in general and our youth in particular, afford to ever acquire their own home?
November 3, 2022
Yes, you can for just shy of $650K. The motivated seller has reduced the price to sell. Comparable properties in the neighbourhood are/have selling/sold in the range of $700K to $800K.
October 15, 2022
When I wrote the blog on Toronto city’s offering of interest-free loans, I received several messages inquiring if similar loans are available in other cities.
Today I am glad to bring you the good news you were waiting for, the Federal government is offering up to $40K in interest-free loans payable in 10 years through the program called Canada Greener Homes Loan.
September 8, 2022
Bank of Canada’s aggressive stance to control inflation has not changed the course with its, most anticipated, announcement on Wednesday, September 7, 2022, of a .75% increase in the overnight lending rate, bringing it to 3.25%, the fifth increase this year. The BOC started with a .25 percent rate at the beginning of the COVID-19 pandemic.
The experts expect that we may see one or even two increases of .50 by the end of the year.
September 3, 2022
As promised in my last blog, here is my analysis of the latest Real Estate market report, issued by TRREB, for the month of August 2022.
Residential Sales Market:
According to the Toronto Region Real Estate Board (TRREB), total sales and purchase transaction continued their downward trend when compared with the same month in the last year (August 2021) but it saw an uptick of more than 11% since the previous month (July 2022).
September 3, 2022
Wednesday, September 7, 2022, the Bank of Canada is expected to make the next rate announcement. According to most analysts, this time BOC would increase the rate by .75%, bringing it to 3.25%.
Bank of Canada’s main target has been to control the nearly 40-year high inflation rate. With BOC’s aggressive rate hikes, the exploding inflation lost its steam and we saw it coming down to 7.6% from 8.1% seen in June 2022.
September 1, 2022
If you own a home in Toronto, there is good news for you. The city of Toronto has announced incentives and interest-free loans of up to $125K for 15 and 20 years.
The enhanced Home Energy Loan Program (HELP) is designed to help Toronto homeowners make their homes more energy-efficient and help reduce carbon emissions, a major contributor to climate change.
Incentives for specific measures include:
Home improvements eligible for financing include:
June 6, 2022
With the recent major rate increase announcements one after the other by the Bank of Canada, many are eager to know when is the next announcement by BOC so that they can arrive at a strategic decision about their home buying or selling decision.
A general perception is that the rate announcements are made quarterly by BOC, which is not true.
BOC makes several types of announcements, one of these is about its decision on interest rate change.
