Real Estate Connection With Jessika Morelli
15 Gervais Drive., 7th Floor M3C 3S2 Toronto, ON, Canada

Most of Canada’s biggest mortgage lenders and its largest real estate groups are forecasting a robust housing market this year, with some expecting double-digit... sale increases and sharp price hikes, despite rising lending rates and a shortage of homes for sale. CIBC, however, believes overall residential sales will decline this year, though condo prices could rise. And the BC Real Estate Association sees the provincial sales pace slowing, with a 15% decline in home transactions in 2022, compared with the record-setting pace of 2021. The outlook from most analysts parallels that of the Canadian Real Estate Association, which expects 2022 home sales to increase 8.6% compared with last year, with prices rising 7.6%. The Royal Bank of Canada predicts 2022 home sales to increase 19.8% from a year earlier, with the average home price increasing 3.3%. We expect extremely tight demand-supply conditions will keep prices under intense upward pressure in the near term though we see such pressure easing significantly by the second half of 2022 as markets achieve a better balance. Overall, it is expected sales to fall by 15% in 2022, relative to the elevated level seen in 2021an environment that is consistent with a notable deceleration in home price inflation next year. Call me today for a free evaluation of your home: 416-826-3780 #jessikamorelli #jessikamorellirealtor #jessikamorellirealestate #torontorealtorjessikamorelli #ontariorealtorjessikamorelli #jess_sells_yyz #realestateconnectionwithjessikamorelli #torontojessikamorelli #ontariojessikamorelli #weeklycheckinwithjessikamorelli #downsizewithjess #upsizewithjess #declutterwithjess #declutteringtipswithjess #weeklycheckinwithjess #jessikamorelli_realtor_emptynester

If there's one industry in Toronto that Omicron definitely isn't going to hamper, it's our real estate market, which is slated to hit shocking new highs next ye...ar not only in the face of, but partially thanks to the new variant of concern. While the average cost of a home of any type in the GTA not even in Toronto proper hit a staggering $1,163,323 last month, we're in for another huge jump, the housing giant predicts, especially in the condo market. With single-family homes now completely out of reach for most people, would-be home owners are looking to condos, the median price of which is expected to jump by 12 per cent across the region year-over-year to hit $763,800. Detached homes, meanwhile which are sitting at an average price of nearly $2 million, according to the Toronto Regional Real Estate Board are expected to see another 10 per cent spike in median cost. The GTA is the only major region [in Canada] expected to see price appreciation in the condominium segment surpass detached homes in 2022. Predictably, the Toronto area is set to see the biggest price appreciation overall in the country next year (11 per cent), followed by Vancouver (10.5 per cent), and the market is anticipated to be "unusually active" through the usually slower winter months. Also, with return to office plans on hold for many and the prospect of lockdown restrictions returning, there is what the firm calls a continued "hyper-focus" on the home as both a place to live and work. This, coupled with mortgage interest rates that have been driven down by the pandemic, could mean that emergence of Omicron and resulting restrictions are actually a contributor in making housing more expensive and "may extend this period of unusually strong real estate markets. Call me today for a free evaluation of your home: 416-826-3780 #jessikamorelli #jessikamorellirealtor #jessikamorellirealestate #torontorealtorjessikamorelli #ontariorealtorjessikamorelli #jess_sells_yyz #realestateconnectionwithjessikamorelli #torontojessikamorelli #ontariojessikamorelli #weeklycheckinwithjessikamorelli #downsizewithjess #upsizewithjess #declutterwithjess #declutteringtipswithjess #weeklycheckinwithjess #jessikamorelli_realtor_emptynester

Yahoo!! It is snowing! It is snowing! It is snowing!

Dreaming of a white Christmas

Buying and Selling real estate is my passion. As a Realtor, I advise and guide you in making the right and best decision for you and your family. Buying or se...lling a home is one of the biggest transactions of your life, so choosing the right real estate agent for the job is crucially important. If you are nervous about your property adventure? Don’t be. Whether you're getting ready to buy or sell, in the middle of it, or just looking for some answers, my top-notch skills will ensure you get the best experience possible. It’s what I love to do. Large or small, condo or mansion, I can find it and get it for you at the price that's right. TICs? Fixer-uppers? Luxury? I can help with all of it. I always have a current list of available properties for you to check out. If you have questions about affordability, credit, legal matters, or income, trust me to find you what you need fast. I make sure you feel confident and educated every step of the way. Call me and my team of real estate professionals today for a free evaluation of your home: 416-826-3780 #jessikamorelli #jessikamorellirealtor #jessikamorellirealestate #torontorealtorjessikamorelli #ontariorealtorjessikamorelli #jess_sells_yyz #realestateconnectionwithjessikamorelli #torontojessikamorelli #ontariojessikamorelli #weeklycheckinwithjessikamorelli #downsizewithjess #upsizewithjess #declutterwithjess #declutteringtipswithjess #weeklycheckinwithjess #jessikamorelli_realtor_emptynester

The Canadian Real Estate Association says housing sales will moderate next year, but prices aren't expected to ease any time soon. The association said in its 2...022 forecast released on Wednesday that it expects tightening supply conditions to push housing costs even higher in 2022. While price growth is not expected to be as extreme in 2022, many of the conditions that supported it right up until the end of 2021 will still be there on New Year's Day. While interest and mortgage rates are expected to rise and temper some market activity, the forecast suggests appetite for home ownership will still be strong and the lack of properties available will mean people won't get much of a break on costs. With supply continuing to hit fresh lows every day, CREA predicted the national average home price will rise by 7.6 per cent on an annual basis to around $739,500 in 2022. It warned that the forecast is conservative because in November 2021, the national average price was almost $721,000. CREA said the highest prices will be seen in B.C. and Ontario, where it forecasts average home prices to reach $990,038 and $971,080 respectively. It predicted national home sales will fall by 8.6 per cent in 2022 to around 610,700, making it the second highest year on record for sales. Call me today for a free evaluation of your home: 416-826-3780 #jessikamorelli #jessikamorellirealtor #jessikamorellirealestate #torontorealtorjessikamorelli #ontariorealtorjessikamorelli #jess_sells_yyz #realestateconnectionwithjessikamorelli #torontojessikamorelli #ontariojessikamorelli #weeklycheckinwithjessikamorelli #downsizewithjess #upsizewithjess #declutterwithjess #declutteringtipswithjess #weeklycheckinwithjess #jessikamorelli_realtor_emptynester

Here are 6 ways you can begin to use visualization to start living the dream: 1. When visualizing your dreams, involve all your senses: Touch, sound, sight, eve...n smell and taste. Involve your emotions, laugh, smile, and celebrate the victory. 2. Take on different perspectives: See yourself accomplishing your goals beginning with your own 1st person lens, then 2nd and 3rd person, be in the crowd and look upon yourself succeeding in your dream. 3. Begin to live as if you have succeeded in your goal: Begin to dress, talk, and look like the person you want to be. 4. Use self-talk and affirmations together with your visualizations: As with taking on the different perspectives with the mental images, likewise in 1st, 2nd, and 3rd person, say the things that would like to be said about you as if you have already achieved your goal. 5. Put together a dream collage: This can be physical on a cork-board, posted on your desk or wall, or compiled on your computer. Use words that describe the person that you desire to become, pictures of the victories that you desire to experience. 6. Call Jessika Morelli - Real Estate Professional: I will make your dreams a reality! Add me as a friend or follow me on Facebook or Instagram. Be sure to look at these images on a daily basis. Call me today for a free evaluation of your home: 416-826-3780 #jessikamorelli #jessikamorellirealtor #jessikamorellirealestate #torontorealtorjessikamorelli #ontariorealtorjessikamorelli #jess_sells_yyz #realestateconnectionwithjessikamorelli #torontojessikamorelli #ontariojessikamorelli #weeklycheckinwithjessikamorelli #downsizewithjess #upsizewithjess #declutterwithjess #declutteringtipswithjess #weeklycheckinwithjess #jessikamorelli_realtor_emptynester

Add me to your Christmas Wish List and I can help Santa find your dream home! Call me today for a free evaluation of your home: 416-826-3780 #jessikamorelli... #jessikamorellirealtor #jessikamorellirealestate #torontorealtorjessikamorelli #ontariorealtorjessikamorelli #jess_sells_yyz #realestateconnectionwithjessikamorelli #torontojessikamorelli #ontariojessikamorelli #weeklycheckinwithjessikamorelli #downsizewithjess #upsizewithjess #declutterwithjess #declutteringtipswithjess #weeklycheckinwithjess #jessikamorelli_realtor_emptynester See more

Might a higher lending rate cool the Canadian housing market? Potentially. One reason for the high demand and flurry of market activity that took place in 2020 ...and 2021 was the rock-bottom interest rate. This prompted many prospective homebuyers to get off the fence, so to speak, and expedite their purchase to take advantage of the attractive rate. On the other hand, could a higher interest rate heat up the market? This scenario is unlikely once the higher rate is in effect. However, it’s not unheard of for home-buying activity to pick up before an expected increase. This, however, would be based on a best guess as to when the Bank will actually make its move, and whether or not mortgage lenders will follow suit. According to the Bank’s latest interest rate announcement, an increase in the key interest rate could happen as early as April 2022. How To Prepare for Higher Rates Ahead It’s safe to say interest rates will rise, eventually. Now that you have a better idea of how higher interest rates may affect you, what can you do to prepare for the inevitable pinch to your pocketbook? Pay down your loans as much as possible, while interest rates are still low. Remember, whether it’s a mortgage or another type of loan, a lower interest rate means more of your payment goes toward paying down principal. If you’re carrying multiple debts, consider paying down the higher-interest ones first, since those debts are more expensive to carry. If you’ll be shopping for a home in 2022, get pre-approved for a mortgage. Not only does this give you a good idea of how much you can spend, doing this also locks in the current (lower) rate for a period, often 90 or 120 days. And getting pre-approved costs you nothing. If you have a variable-rate mortgage, discuss your options with your lender or financial adviser, and consider locking it in for a fixed term, at the current lower rate. Of course, it’s always wise to discuss the details of your financial situation and goals with an accredited financial adviser. And speaking of professional help, work with an experienced Realtor to navigate the Canadian real estate market and find your dream home. Call me today for a free evaluation of your home: 416-826-3780 #jessikamorelli #jessikamorellirealtor #jessikamorellirealestate #torontorealtorjessikamorelli #ontariorealtorjessikamorelli #jess_sells_yyz #realestateconnectionwithjessikamorelli #torontojessikamorelli #ontariojessikamorelli #weeklycheckinwithjessikamorelli #downsizewithjess #upsizewithjess #declutterwithjess #declutteringtipswithjess #weeklycheckinwithjess #jessikamorelli_realtor_emptynester

This year, the Canadian housing market has been on fire, recording enormous gains and tremendous sales activity. With the average price for a residential prope...rty in Canada was $716,585 in November, it can be an incredible challenge to save for a down payment or even afford a mortgage, particularly with rumours of rising borrowing costs in 2022. This current situation has the federal government on edge, with the nation’s housing agency ringing alarm bells about a substantial correction in home valuations, even as appreciation intensifies. In November, national home sales rose 8.6 per cent month-over-month, but Canadian real estate transactions tumbled at an annualized rate of 11.5 per cent year-over-year, according to the Canadian Real Estate Association (CREA). The actual (not seasonally adjusted) national average home price advanced 18.2 per cent compared to the same time a year ago, totalling $716,585. The Canada Mortgage and Housing Corporation (CMHC) warned that the nation’s real estate market has shifted from a moderate to high degree of vulnerability in the second quarter of 2021. The quarterly assessment utilized four factors: overheating, price acceleration, overvaluation, and excess. In 2020, the subject of the Canadian real estate market had been pent-up demand. In 2021, the theme of the housing sector has been dwindling supply. In 2022, the story of the national housing industry could be interest rates. At the same time, more borrowers may be impacted by the government’s higher threshold for the mortgage stress test, which went into effect on June 1 and will reduce the purchasing power of many mortgage applicants. Experts warn that if rates were to go up 50 or 100 basis points, it could impact many new homeowners. Whether they got in the market before the increased mortgage stress test or face a personal financial emergency, rate hikes could have tremendous consequences for borrowers with oversized mortgages and negative equity. Call me today for a free evaluation of your home: 416-826-3780 #jessikamorelli #jessikamorellirealtor #jessikamorellirealestate #torontorealtorjessikamorelli #ontariorealtorjessikamorelli #jess_sells_yyz #realestateconnectionwithjessikamorelli #torontojessikamorelli #ontariojessikamorelli #weeklycheckinwithjessikamorelli #downsizewithjess #upsizewithjess #declutterwithjess #declutteringtipswithjess #weeklycheckinwithjess #jessikamorelli_realtor_emptynester

Get ready for real estate prices to rise even higher in Canada’s hot housing market. In 2022, the country will see steady price growth in the coming year, with... active inter-provincial migration continuing to be a key driver of housing activity in many regions. Based on real estate insights, 95% of housing markets in Canada are expected to be seller’s markets, impacted by limited housing supply and high demand. In 2022, a 9.2% increase in average residential sale prices is anticipated across the country, as the nation’s housing supply shortage continues, according to the report. Based on feedback from our brokers and agents, the inter-provincial relocation trend that we began to see in the summer of 2020 still remains very strong and is expected to continue into 2022. Despite the relentless pandemic, many Canadians still feel confident in the real estate market. The survey found that 49% of Canadians (59% of homeowners vs. 34% non-homeowners which included renters, those not looking to buy, and those currently looking to purchase), believe real estate will remain one of their best investment options in 2022. Additionally, 49% of Canadians are confident the market will remain steady next year. Call me today for a free evaluation of your home: 416-826-3780 #jessikamorelli #jessikamorellirealtor #jessikamorellirealestate #torontorealtorjessikamorelli #ontariorealtorjessikamorelli #jess_sells_yyz #realestateconnectionwithjessikamorelli #torontojessikamorelli #ontariojessikamorelli #weeklycheckinwithjessikamorelli #downsizewithjess #upsizewithjess #declutterwithjess #declutteringtipswithjess #weeklycheckinwithjess #jessikamorelli_realtor_emptynester

Canadian housing prices are set to surge again in the coming months as investors and first-time buyers scramble to buy before interest rates go up, ignoring a w...arning from the Bank of Canada that there is a high risk of a sudden price drop. The Bank of Canada last month signalled the overnight rate, currently at a record low 0.25 per cent, could start rising in the middle quarters of 2022. Another rush to buy is probably already underway, analysts said. Whenever interest rates start rising, people get into the market, including investors. So you will see an acceleration in activity over the next few months. Canadian house prices skyrocketed 31.6 per cent year-over-year in March to hit a record high before softening a bit over the summer. Prices are now accelerating again, with October’s average price barely below the March peak. Ratings agencies are taking notice. Fitch has pegged Toronto’s housing market at 32 per cent overvalued and Vancouver’s at 23 per cent. Moody’s Analytics also has Vancouver 23 per cent overvalued, Toronto 40 per cent and Hamilton, Ontario, 73 per cent. The average price of a home in Toronto, Canada’s biggest city, hit $1.2 million (US$947,493) in October, up 19.3 per cent from the previous year, and detached homes now average $1.5 million. It is estimated that investors those who buy properties to rent out or to hold for speculative gains make up about 25 per cent of housing demand at this point, with that number far higher in major cities and particularly in pre-sale condo markets. The Bank of Canada said investor buying has doubled since the onset of the COVID-19 pandemic, but economists see demand holding up. Call: 416-826-3780 #jessikamorelli #jessikamorellirealtor #jessikamorellirealestate #torontorealtorjessikamorelli #ontariorealtorjessikamorelli #jess_sells_yyz #realestateconnectionwithjessikamorelli #torontojessikamorelli #ontariojessikamorelli #weeklycheckinwithjessikamorelli #downsizewithjess #upsizewithjess #declutterwithjess #declutteringtipswithjess #weeklycheckinwithjess #jessikamorelli_realtor_emptynester

Toronto's hot real estate market isn't showing any signs of cooling and a new report explains why. As we have seen from numerous real estate reports, home price...s continue to skyrocket across Canada. Some believe Toronto's bloated housing market is on the verge of popping, but not until mortgage rates increase and discourage future foreign real estate investments. A new report shows that the city's home prices continue to rise and why they aren't dropping just yet. Those hoping for a slow-down in the Toronto area's housing market will need to wait a bit longer all indicators from the past month's data for October 2021 are showing a market that is actually heating up rather than cooling down. There are fewer homes on the market. At the end of October, the Toronto area had only 3,687 houses available for sale, a 56 per cent decline from inventory levels last year and well below the roughly 12,000 active house listings that are more typical for the month of October, the report notes. Toronto's housing market continues to be a market where demand significantly exceeds the supply of homes coming on the market for sale. But he argues the strong demand today is different from the housing demand last year at this time in the first year of the pandemic. This time last year, the strong demand was largely driven by a surge in home buyers entering the market. This year, the surge in demand is coming from investors rather than end users. In fact, house sales were down 18 per cent on a year-over-year basis in October, but still above pre-COVID 19 pandemic levels for October in 2018 and 2019. The average price for a house in October was $1,445,088, up 28 per cent over last year; the median house price in October was $1,265,000, up 33 per cent over last year. Condo prices are also on the rise. The average price for a condo in October reached $730,726, up 15 per cent over last year; the median price for a condo in October was $660,000 up 15 per cent over last year. Call: 416-826-3780 #jessikamorelli #jessikamorellirealtor #jessikamorellirealestate #torontorealtorjessikamorelli #ontariorealtorjessikamorelli #jess_sells_yyz #realestateconnectionwithjessikamorelli #torontojessikamorelli #ontariojessikamorelli #weeklycheckinwithjessikamorelli #downsizewithjess #upsizewithjess #declutterwithjess #declutteringtipswithjess #weeklycheckinwithjess #jessikamorelli_realtor_emptynester