Sue Alam Century 21 Percy Fulton Ltd.

This month last year was the absolute height of the market, so you will see drastic drops … going forward that gap should be closing every month!

Start to the year has been as expected! Looking forward to a more balanced year of home sales this year!

Last month was like the first month of the pandemic! Record low inventory resulting in record low sales! Downward trend will continue into 2023, but there’s lots of opportunity also! Let’s talk!

Nothing like a new year to motivate you!

Wishing you all a healthy and prosperous year ahead! 🎇🎇

Wishing everyone a safe and joyful holiday!!

Fun times with the the Fulton gang!! 🫶🏻

October numbers are here. Prices continue to reflect the sentiments most of you have. If you need clarity, don’t hesitate to reach out!

September numbers … better late than never, must have been too many holidays in between … October report coming soon!!

Have a safe and spooky one!!

Happy Diwali! Enjoy the lights, the sweets and the family time!!

Grateful for everyday, every one and every breath!

Hello Fall! 🍃🍂🍁

End of summer report!! Wishing everyone a happy and healthy school year ahead!!

A little late due to a very busy few days! We are seeing the changes in the market more evidently as we move forward! For the first time detached home pricing is lower than the average Last year this time! Which means sellers and buyers are accepting the changes in the market and moving in with their plans to buy and sell as needed! Don’t wait on the side lines, get in touch with our team today to make your plans a reality!!

Real Estate Market Watch 👀 🏠

Higher borrowing costs continue to impact home sales in June 2022. Sales were down 41% compared to last year and last month, but this is often the case due to the seasonal nature of the market.

Average price is up compared to last year but continues to trend lower on a monthly basis. Annual price growth was driven more so by the less expensive market segments, including townhomes and condos.

Home sales have been impacted by both the affordability challenge presented by mortgage rate hikes and the psychological effect wherein home buyers who can afford higher borrowing costs have put their decision on hold to see where home prices end up. Expect current conditions to remain in place during the slower summer months. Once home prices stabilize, some buyers will re-enter the market despite higher borrowing costs.

There has been more balance in the market, resulting in more moderate annual pace of price growth.

Listings will be an important indicator to watch over the next few months. With unemployment rate low, the majority of households aren't in a position where they need to sell their home. If sellers decide take a wait-and-see attitude over the next few months, its possible that active listings could trend lower as well. This could cause the market conditions to tighten somewhat, providing some support for home prices.

Toronto and Durham Region continues to grow because we attract people and businesses from all around the world. All of these people will require a place to live, whether they choose to rent or buy. Despite shorter-term impact of higher borrowing costs, housing demand will remain strong over the long term, as long as we can produce homes within which people can live. Policy makers at all levels need to make this their key goal.

Thoughts 💭

Happy Eid e Qurban, to all celebrating! Hope you have an amazing weekend with All your loved ones!!

You and me both …

Real estate seems to be top of mind everywhere I go! What are your thoughts?

HERE YOU GO! Highly anticipated May report including differences throughout GTA 👉

The very anticipated April report is out! Making the shift in the market more and more evident as we see sales drop! However prices remaining high because there are still a lot of buyers out there! Call me to discuss what’s best for your situation! We have our finger in the pulse!!

Happy Mother’s Day!!

A fun filled day with celebrating CENTURION!!

Happy Eid!! May you be rewarded for all your fasting and prayers. Wishing you health and prosperity!!

Happy Easter!