Orest Artus

Real Estate Broker of Record/Owner of Smart Move Realty Inc. 416-834-0766

[Orest Artus @Homes_GTA]

2,976 leased condos in the Peel region so far in 2024. The average price is $2,763 according to TREBB stats. A figure slightly down from last year.

#Peelregions #Peelrealestate #Canada #Canadarealestate #GTA

[Orest Artus @Homes_GTA]

23,258 leased condos in Toronto so far in 2024, according to TREBB stats. The average rent price? $2,797. Slightly down from 2023 averages.

#Toronto #Torontorent #Torontorealestate #GTA #Canada #Canadarealestate

[Orest Artus @Homes_GTA]

The GTA's benchmark home price in July 2024 fell by 5% from July 2023 to $1,097,300, according to a WOWA study.

#Toronto #Torontorealestate #GreaterTorontoArea #GTA #Canada #Canadarealestate

[Orest Artus @Homes_GTA]

In July of 2024, the average price of condo apartments decreased by 2.2% year over year to $719k in the GTA. According to a WOWA study.

#Toronto #Torontorealestate #Canada #Canadarealestate

[Orest Artus @Homes_GTA]

Average 1 bedroom rent in Mississauga was $2,469 as of June 2024.

#Mississauga #Mississaugarealestate #Canada #Canadarealestate #Mississaugahousing #Mississaugarent

[Orest Artus @Homes_GTA]

The average 1 bedroom rent in Toronto is $2,482 as of June 2024.

#Toronto #Torontorealestate #Canada #Canadarealestate #Torontorent #Torontohousing

[Orest Artus @Homes_GTA]

Toronto West W10 saw just 6 condo sales in July 2024. 74 condo listings remain active now in July, representing a strong inventory in the area.

#Toronto #Torontorealestate #Kipling #Etobicoke #Etobicokerealestate #Canada #Canadarealestate

[Orest Artus @Homes_GTA]

July 2024 saw 149 condo sales in Mississauga with an average selling price of $631,810. There are still 764 active listings.

[Orest Artus @Homes_GTA]

Sold statistics for the month of July are now official, and have revealed that W08 Etobicoke saw 57 condo sales in July. With an average sold price of just under $640,000, over 300 listings are still active in the area.

#Toronto #Torontorealestate #Etobicoke #Etobicokerealestate

[Orest Artus @Homes_GTA]

In an attempt to make home-buying more affordable for young Canadians, Canada will allow 30-year amortization for first-time buyers' mortgages. However, a shortage of housing options and increasingly high rent is still prevalent.
#Toronto #Canada #Realestate #Canadarealestate

[Orest Artus @Homes_GTA]

Mississauga saw 225 detached home sales in July with an average selling price of a whopping $1.55 million. There are currently 750 active listings heading into August.

#Toronto #Canada #Torontorealestate #Realestate #Canadarealestate #Mississauga #Mississaugarealestate

[Orest Artus @Homes_GTA]

29 apartments were sold in the Mimico/Alderwood area's in June. Average price of 767,086 according to TREBB market stats.

#Toronto #Canada #Torontorealestate #Realestate #Canadarealestate

[Orest Artus @Homes_GTA]

Only 2,236 sales in Toronto in June. Down almost 21% from last month. Surprisingly and simultaneously, new listings are up 18%, according to TREBB Market Stats.

#Toronto #Torontorealestate
#Realestate #GTA #Canada #Canadarealestate

[Orest Artus @Homes_GTA]

According to TRREB data, the first quarter saw a total of 4,747 condo apartment units sold in Toronto. This figure represents a 5.3% increase from last year. Also, new condo listings soared by 23% in comparison to the first three months of 2023.
#Toronto

[Orest Artus @Homes_GTA]

Jennifer Pearce, President of the Toronto Regional Real Estate Board (TRREB), publicly stated that the decreasing borrowing costs over the next 18 months are expected to attract more buyers to enter the market, including a significant number of first-time homebuyers.

[Orest Artus @Homes_GTA]

REALTORS® reported 7,013 residential property transactions through TRREB's Multiple Listing Service (MLS®) System in May 2024. This figure represents a substantial 21.7% decrease compared to the 8,960 sales recorded in May of 2023.

Will the interest rate reduction affect this?

[Orest Artus @Homes_GTA]

How much will this stimulate spending and investing?

[Orest Artus @Homes_GTA]

The Bank of Canada has announced a reduction in its benchmark interest rate by 0.25%. This decision marks the first time the central bank has lowered rates since the onset of the COVID-19 pandemic.

The Bank of Canada's key overnight lending rate now stands at 4.75%
#Canada

[Orest Artus @Homes_GTA]

This TRREB graph depicts the average price of detached homes in Toronto through the years.

#Toronto #Torontorealestate #realestate #markettrends #Canada #Canadarealestate #Smartmoverealty #Housing #torontohousing #HousingCrisis #Torontohousingcrisis

[Orest Artus @Homes_GTA]

The Toronto Regional Real Estate Board revealed that May of 2023 saw 1,694 Condo Apartment sales in Toronto. The average price was $784,914.

#Toronto #Torontorealestate #Torontocondo #torontocondos #Canada #Canadarealestate #realestate #realestatetorotno #realestatecanada