Mona’s Home

27/05/2024

✨✨Exciting Announcement!✨✨

The grand launch of our Second Tower at Rise & Rose!

Starting from just $500K, experience luxurious living in the heart of Richmond Hill at BURNET.
Don’t miss your chance to be a part of this vibrant community!

26/05/2024

Honoured to meet Frank Scarpitti - Mayor of Markham today! scarpitti 📸
mortgage.app

06/05/2024

🎯New listings surged by 47.2%.
🎯Prices stayed nearly the same, with just a 0.3% increase in average selling price.
🎯Government aims to make homes more affordable, but cooperation is crucial for success.

11/04/2024

“Canada’s New Mortgage Rules: A Boost for First-Time Homebuyers”

Exciting news! Canada is extending mortgage terms to 30 years for first-time buyers of new homes, effective August 1. Finance Minister Chrystia Freeland’s move aims to ease the burden of high housing costs on young Canadians. This change provides more flexibility compared to the previous requirement of a 20% down payment, but concerns remain about its effectiveness, particularly in expensive markets like Vancouver and Toronto.

04/04/2024

✨GTA REALTORS® reported 6,560 home sales in March 2024, down 4.5% from March 2023.

✨New listings surged by 15% in March, while monthly sales dipped by 1.1%.

✨First-quarter sales rose by 11.2%, with new listings up by 18.3% compared to last year.

“Despite ups and downs in monthly sales, GTA’s real estate market is strong. Sales and listings have risen notably in the first quarter of 2024.”

06/03/2024

🎯February 2024 GTA home sales and new listings increased annually and monthly.
🎯Selling prices rose compared to the previous year.
🎯Factors driving demand include population growth and a strong regional economy.
🎯Despite higher borrowing costs, home sales remained below the 2021 record.
🎯TRREB President Jennifer Pearce notes increased sales activity due to market assumptions about future rate cuts and buyer adaptations to higher mortgage rates.
🎯5,607 GTA home sales reported in February 2024, a 17.9% increase from February 2023.
🎯New listings increased more than sales annually, providing more options for buyers.
🎯Home selling prices remained steady compared to February 2023.
🎯TRREB Chief Market Analyst Jason Mercer predicts increased buyer activity in 2024, driven by adjusted housing preferences and lower interest rates.
🎯Anticipated population growth and lower borrowing costs will further boost demand for housing in the coming years.

26/02/2024

Introducing The Evelyn at Rise & Rose 🌹
Condos by Greenpark.
VIP ACCESS NOW AVAILABLE
Starting at $532,900
Located at Yonge St & Elgin Mills Rd, Richmond Hill

Please call or text 647-606-0806 for more information!

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13/02/2024

Real Estate Market Trends in January 2024

The real estate market in January 2024 showed promising signs of growth compared to the previous year. Here are the key highlights:

✅More homes were sold in January 2024 compared to the same month in the previous year, which could lead to an increase in home prices.

✅Buyers benefited from lower borrowing costs associated with fixed-rate mortgages, contributing to the increase in home sales.

✅Although new listings also increased, the pace was slower than the rise in home sales, resulting in tighter market conditions.

✅Predictions suggest that the trend of increasing home sales may continue, potentially leading to higher home prices over the next two years.

06/01/2024

🏠 High demand for homes in 2023 due to record immigration.
🔄 More people interested in renting homes.
📉 Fewer homes sold in the GTA in 2023 (less than 70,000) because it’s hard to afford them with high mortgage rates.
💰 It’s even harder to afford homes because borrowing money is expensive, and rules for getting a mortgage are tough.
🔜 Things might get better in 2024 with borrowing money becoming cheaper, so more people might buy homes.
📊 In 2023, 65,982 homes were sold, which is 12.1% less than in 2022.
📉 Not many new homes were put up for sale, even though more were sold during the spring and summer.
💵 The average price of a home in 2023 was $1,126,604, which is 5.4% less than in 2022.
🛍️ People buying homes had more choices and could negotiate better prices.
🤞 If borrowing money becomes cheaper in the next year, home prices might go up again.
🌐 Many more people are coming to live in the GTA, so we need more homes for them to rent or buy.