Transcript: January showed signs of market picking up in terms of activity and prices. This is a result of interest rates staying steady and buyers who are re-entering the market. You can only imagine what it will be like once rates start coming down.
Transcript: Putting things in perspective for 2023 and outlook for 2024.
Transcript: – Freehold townhome with 3 bedrooms & 3 bathrooms (1 being ensuite) – Open concept living and dining rooms – Wide plank laminate floors, California shutters – 1 car garage with inside access & parking for 2 more in the driveway – Close to parks, schools, shopping, public transit, & more
Transcript: Here is a quick recap for the real estate market in Milton for the month of November.
Transcript: Increasing interest rates means higher stress test rates, which has led to fewer buyers getting qualified and in-turn to a lower number of sales. On the other side of the conin, homeowners coming up for their mortgage renewals are facing higher monthly payments, leading to some of them considering selling their homes, hence increasing … Continue reading Interest rates, stress test and Milton’s real estate
Transcript: This year’s Fall real estate market is not the typical market we see, it does not slow down to this degree.
Transcript: Typically, August tends to be a slower month in terms of sales activity, and this past August followed a similar trend. In fact, the number of sales were one of the lowest seen in the last five years. Generally, close to the end of the summer, we see fewer number of homes getting listed … Continue reading Jalaj’s market update for August 2023
Transcript: Over the last 16 months, rising interest rates have impacted affordability not only in Milton, but everywhere, in turn bringing the home prices down. They have declined roughly 10% year-to-date, and 15% from when the first interest rate increase was announced in 2022. As the interest rates increase, fewer buyers get qualified for a … Continue reading Jalaj’s market update for July 2023
Transcript: The increasing interest rates in the past year have impacted the housing market everywhere including Milton, but it still continues to remain a strong sector of the economy. Prices have remained stable for the first half of the year. While they have not reached the peaks of 2022, we have seen a marginal … Continue reading Jalaj’s market update for June 2023
Transcript: Listings and sales of homes picked up in May, but prices remained similar to the month before.