Deana Feldman
Feldman says that at the height of the red-hot pandemic-times market — throughout 2021 and the first quarter of 2022 — the City of Toronto was seeing 100 to 150 sales a day. But when interest rates and inflation started to climb, things changed. For example, last week, after a downtown property sat on the market for a month, Feldman received three offers on it, and was able to sell for higher than her client was expecting.
“It’s a price point thing,” she says. “Anything under $2M seems to be moving really quickly. The luxury market is a little slower — we’re not seeing multiple offers in that space – but it’s still moving. Properties that were on the market for months are now seeing action again.” For example, Feldman’s $4M to $5M townhomes have seen a recent uptick in showings.
“Pre-construction is where you should put your money, because real estate is a safe investment,” Feldman explains. “You’re typically buying for five years out, so interest rates are not going to impact you. I think we can all agree that interest rates will be lower than they are today, and rents will be higher.” When it comes to buyers — especially those looking to buy at a competitive price point — Feldman stresses the importance of mortgage pre-approval.
“An agent who lacks a deep understanding and involvement in a specific market won’t have as many opportunities for their buyers,” she explains.
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
GTA housing market showing signs of tightening: Toronto real estate boardToronto's housing market continued to tighten last month as prices edged up four per cent from March and sales moved closer to the level they were at last April, the Toronto Regional Real Estate Board revealed Wednesday.
ソース: CP24 - 🏆 30. / 67 続きを読む »
GTA housing market showing signs of tightening: Toronto real estate boardToronto's housing market continued to tighten last month as prices edged up four per cent from March and sales moved closer to the level they were at last April, the Toronto Regional Real Estate Board revealed Wednesday. April's average price tumbled 7.8 per cent to $1,153,269, but was roughly four per cent higher than the $1,108,499 the average buyer paid in March. Sales for the month hit 7,531, down 5.2 per cent from a year ago but up about nine per cent from March. Those sales outpaced new li
ソース: YahooFinanceCA - 🏆 47. / 63 続きを読む »
GTA housing market showing signs of tightening: Toronto real estate boardToronto's housing market continued to tighten last month as prices edged up four per cent from March and sales moved closer to the level they were at last April, the Toronto Regional Real Estate Board revealed Wednesday.
ソース: CTVToronto - 🏆 9. / 84 続きを読む »
Spring sales hold steady in Fraser Valley real estate market – Canadian InvestorSpring sales hold steady in Fraser Valley real estate market CanadiansInvest
ソース: CanadiansInvest - 🏆 53. / 59 続きを読む »
Competition Heating Up in GTA Real Estate Market as Prices Pick Back UpThe GTA's real estate sales were on the up in April, but the volume of new listings didn't keep pace, and with fewer listings and more buyers, market conditions are unsurprisingly tight. TheReal_TRREB | realestate realestatenews Toronto
ソース: storeyspub - 🏆 16. / 74 続きを読む »