Georgi Yolov Mortgage Specialist

This is how your real estate is doing

Despite sales and listings trending lower in the second half of March, demand for ownership housing remained strong enough relative to listings to see the average selling price remain above last year’s levels, including during the last few days of the month.

FYI, stress test on insured deals (less than 20% down payment) is dropping! This will further contribute to hot real estate market this year.

Active listings across the Greater Toronto Area sank 35 per cent year-over-year in January, while sales climbed a little more than 15 per cent as 4,581 properties changed hands. This increased prices 12.3% year over year

As expected, Poloz keeps rates unchanged. Chances of a rate drop during his last few months in office is less that 40% currently