Urs Villiger, Real Estate Agent Toronto

Recent updates to Canada’s mortgage regulations promise to make homeownership more accessible, but do they really?

While the increased price cap and expanded 30-year amortizations aim to ease financial barriers for buyers, opinions are mixed on their overall impact.

Discover what experts are saying about these changes: https://tinyurl.com/mortgagereforms

key insights
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Slower-than-usual market activity, combined with year-over-year increases in new listings, has given buyers a broader selection. Ample listings will help keep price increases in check, at least in the short term.
With average home prices only slightly down, buyers have the opportunity to purchase homes at relatively stable prices. With more listings available, sellers face increased competition, which could lead to lower offers or the need to make homes more appealing to buyers.
As we move into the fall and 2025, recent rate cuts by the Bank of Canada are expected to increase affordability, especially for first-time buyers. As borrowing costs decline, first-time buying activity, particularly in the condo market, is expected to rise in the coming months.
As demand picks up in 2025 and inventory is absorbed, sellers may see price growth, but it is likely to be moderate in the near term.

Recent interest rate drops to 4.25% could be enough for some first-time homebuyers to enter the market.

Read more insights from the BoC Governor, Tiff Macklem, and Sutton CEO, Ross McCredie at: https://tinyurl.com/BOCratecut

Let's make sure you love the home you come back to!

Many Canadian buyers purchasing their first home face challenges in today’s real estate landscape. Here are some incentives that can help first-time buyers get into the market.

To learn more about what grants and incentives you might qualify for, head to the Sutton blog: https://tinyurl.com/homebuyingincentives

A lot goes into buying a home, but here are a few quick tips! 🏡

Need more advice about the process? We can talk whenever you're ready!

Is it time for a new home? Get in touch today! 🏡

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First-time homebuyers in Canada can now apply for a 30-year mortgage when purchasing new builds. The main appeal is lower monthly payments, but over the long term, young buyers can end up paying much more.

To read more on the financial tradeoffs of the 30-year mortgage, head to the Sutton blog: https://tinyurl.com/NewMortgageChange

Staging can make a huge difference when buyers tour your home. Here are some easy tips to make sure your home is looking its best!

In larger markets like Vancouver and Toronto, stretching payments an additional 5 to 10 years leads to higher interest costs in the long run.

Listen to insights from Ross McCredie on the new 30-year mortgage and solving Canadian housing affordability at:https://tinyurl.com/SuttonGroupBlog

The positive impact of recent Bank of Canada rate cuts, along with anticipated further drops in borrowing costs, led to an increase in home sales in Toronto in July 2024 compared to July 2023.
Sellers were able to realize a modest increase in sales prices. However, with more new listings, sellers face more competition, which could lead to longer selling times and potentially lower offers.
Buyers can benefit from the current market conditions, with more choices and relatively stable prices.

May Stats for the GTA

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If you're thinking about selling your home, finding out its worth is the place to start! Get a free estimate now! 🤩

Get an Estimate of Your Home's Worth It could be the perfect time to sell your home! Check its value or call now 416-234-2424 for a quick chat.

April 2024 witnessed a decline in home sales compared to April 2023. Despite a significant increase in listings compared to both last year and the previous month, many buyers are enjoying an abundance of choices, which has resulted in a moderation of sales prices. Additionally, it's widely believed that numerous buyers are awaiting potential Bank of Canada rate cuts.
Looking forward, we anticipate a surge in ownership demand as we progress through spring, especially with the potential for lower borrowing costs to create tighter market conditions and spur renewed price growth.

Thinking about selling your home? Get a professional estimate of your home's worth.

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Ready to transform your outdoor space and create the ultimate sanctuary right in your own backyard? Try these stunning landscaping ideas this summer!

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It's time to level-up your cleaning routine with these top eco-friendly tips for a sparkling home and a happier planet. Read this post to learn more!

The Best Eco Tips To Clean Your Home The category of cleaning has evolved, so you can take a dreaded task and turn it into a pleasant one: one that is safe for your family, their health, and the planet.

The March market report is here!

Send me a DM for details in your neighbourhood as these stats change frequently and vary by location.

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Though commonly seen as merely the place where your child rests, a bedroom has the potential to evolve into a playground, a sanctuary for study, and a personal refuge as they grow. Creating a kids' room mirrors the journey of raising them: it's filled with laughter, collaboration, and just the right touch of delightful chaos.

Thinking about selling your home? Get a professional estimate of your home's worth.

Thinking About Selling Your Home? It could be the perfect time to sell your home! Check its value or call now 416-234-2424 for a quick chat.

In February, Canadian home prices paused their upward trajectory, yet the real estate scene hints at an intriguing narrative on the horizon. Explore this post for further insights!

‘Exceedingly Rare’ Shift in Canadian Home Prices Before Spring Market Hits Canadian home prices were unchanged month-over-month in February, but don’t let that fool you into thinking there’s nothing noteworthy going on behind the scenes.

Watch out for this up-and-coming interior design colour trend. Read more to see how you can incorporate this colour into your household this spring!

Martini Olive Green Is Coming for Your Home Shop our top decor picks in this extra-dirty shade.

There's something about the serene backdrop of nature outside that turns even the mundane task of dishes into a moment of tranquillity. It's no wonder people love having a window by the sink—it adds a touch of serenity and a connection to the outside world into the heart of the home. What do you think? Let me know in the comments.

In the realm of real estate, market conditions play a pivotal role in shaping the experiences of both buyers and sellers. Learn what this means for those looking to make a purchase during a sellers’ market.

What Does a Sellers’ Market Mean for Buyers Looking for engaging content for your social media platforms? Explore the REALTOR.ca Living Room blog for inspiring blogs.