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Real Estate Market Insight | An Educated Approach to Real Estate™ Blog

Wednesday, March 18, 2020   /   by Zifan Gao

How the Coronavirus will dramatically change the Canadian Real Estate Market in the next couple of months

Since the beginning of the month, the Bank of Canada has cut the lending rate twice, bringing it down to 0.75%. This is a massive decrease in the interest rates and the biggest drop in 11 years. Since it’s cheaper to borrow we’ll see an increase in how much people are likely to spend. It also means there will be an influx of potential buyers that previously might not have been able to enter the market.

Since there was already a big gap between supply and demand, and with inventory continuing to decrease (TRREB just reported a 33.6% decrease in active listings in February), an influx of new buyers will mean a further dwindling inventory. In fact, I recently had 30 people trying to buy the same entry-level property, most of them offering to pay way more just to be able to lock it.  

If you’re an investor you should be buying RIGHT NOW. GTA properties are still a high-value investment (average price increased 16.7% in February) and the low-interest ra; ...

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  real estate tips, market updates, toronto real estate, gta real estate, neighbourhood guide, real estate market insight, real estate market trends

Tuesday, March 17, 2020   /   by Zifan Gao

GTA Real Estate Market At A Glance - February 2020 TRREB Market Report

GTA Real Estate Market At A Glance - February 2020 TRREB Market Report

Predictions for a strong sales and price growth in 2020 are proving to be right with February hitting an all-time record sales increase. As market conditions tightened over the past year, competition between buyers has clearly increased, according to TRREB’s February Market Watch Report.

From determining your buying or selling strategies, adjusting timelines, to setting up realistic expectations, and predicting investment outcomes, we’ve got you covered. We’ve summarized this month’s report into a bite-sized digest so that you can be better educated in Real Estate and the current market trends.

Sales at a record high 45.6% increase

TRREB registered a total of 7,256 residential transactions in February, an increase of 45.6% compared to a 10-year sales low in February last year. After preliminary seasonal adjustment, February 2020 sales also exhibited positive momentum, up by 14.8% ; ...

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  real estate tips, market updates, newsletter, toronto real estate, gta real estate, real estate market insight, real estate market trends

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