Access Realtor: R. A. Malik
@Access_Realtor
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Macro/Micro Insights & Info. Navigating Risks & Rewards of Real Estate š” HomeLife Landmark Realty Inc. ā¢Buyā¢Sellā¢Investā¢ Sprinkle of Sports, Travel & Politics
Greater Toronto Area
Joined February 2023
šØ Toronto home sales just hit levels not seen since 2000 despite a much larger population. Vancouver has record listings and no buyers. Rates down. Prices down. Sales still dead. This is what demand destruction actually looks like.
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Youāre told ābrand newā means safe. This one-year-old precon home was allegedly hiding mushroom colonies, mold spores, dry rot, twisted joists, and structural decay behind the walls. Wood left exposed. Waterproofing failed. Health risks ignored. Inspectors missed it. Warranty
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Oakvilleās detached market isnāt just cooling ā itās following a clear, measurable downtrend. The YoY decline now sits at -11.5%, with the average detached price falling to $1.887M in November. Whatās striking is how closely this lines up with the shorter-term correction. From
Oakvilleās detached market is no longer moving as a single story. Itās splitting by price, product, and location, and the differences are becoming harder to ignore. Entry-level homes are still selling, but only because sellers are realistic. As prices rise, the market becomes far
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IMF says Canadaās financial system is resilient but warns of rising risks from household debt & mortgage renewals. Global growth forecast raised to 3% (2025) & 3.1% (2026), helped by softer US tariffsāthough high tariffs may fuel uncertainty. https://t.co/RYj1Va5ZlD
imf.org
Global growth is projected at 3.0 percent for 2025 and 3.1 percent in 2026, an upward revision from the April 2025 World Economic Outlook. This reflects front-loading ahead of tariffs, lower effect...
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Nothing Illustrates How Young Canadians Have Been Abused By Unaffordable Real Estate As Well As This Chart An affordable home to buy has always been defined as 3X to 4X average family income At some points 35 years ago it was 2.5X This is a National disgrace
š” šØš¦ From Kelowna to St. Johnās: The Best and Worst Cities to Be a First-Time Homebuyer ā my latest piece in @globeandmail We analyzed housing affordability across metropolitan areas with populations over 200,000, using the ratio of benchmark home prices to median household
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WARNING from the Bank of Canada: 60% of Canadians will face much higher mortgage rates over the next 12 months Job losses could spike Defaults may surge Liquidity could dry upāmaking credit hard to access When the BOC provides a warning ā¼ļø This could get UGLY
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Fridayās employment data from Statistics Canada showed a loss of 33,000 jobs in Marchāthe first decline since January 2022āamid rising tariff uncertainty and tensions with the United States. The unemployment rate ticked up to 6.7%, the first increase since November.
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Boom. OVI. 895. 2005.04.06. So it has been recorded, so it shall be remembered: On this day, the Great 8 became the greatest goal scorer of all time.
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During 2021-22, 10yr fixed mortgage rates in Canada were at historically low levels. In 2021, the lowest available 10yr fixed rate was approximately 2.14% š² For instance, some borrowers reported securing 10yr fixed mortgages at this rate in early 2021. Imagine THAT!
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Wild numbers coming out of TRREB today. - Sales down 27.4% - New listings up slightly - Active listings up 76.0% (!!!!!!) - Nominal price down 2.2% - Real house price down 4-5% - Days on market continue to climb Spring buyers market, imo.
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š¢ Canadian gov deferring capital gains inclusion rate increase to Jan 1, 2026. Changes include $250K annual threshold, higher $1.25M lifetime exemption & new Cdn Entrepreneursā Incentive, lowering inclusion rate to 1/3 on up to $2M in lifetime gains to support business growth.
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The GTA condo market is drowning. Thousands of units up for lease in just 90 daysāa tidal wave of supply. Landlords are stuck, renters have leverage, and investors are bleeding. The cracks are widening, and the crash might be inevitable.
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2024 had the worst sales to new listings ratio, BY FAR, in the last 10 years. More listings with fewer sales. It's surprising how little prices dropped. I doubt seller's will be able to control the market much longer though.
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A tale of two cities! Buffaloās housing market appears to be on š„ with 2 jobs created/home built, prices up 6% in 2024, and another 3% climb expected + Da Bills š! Meanwhile, Toronto free falls with declining prices, rising inventory and dare we say hopeless Leafs/Raps!?!
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Downward price adjustments continue to decimate the condo market. Despite downward forecast for interest rates, the bottom for condo prices has yet to come leaving many investors in hardship and looking to offload units, increasing supply. #Mississauga #MississaugaRealEstate
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WARNING: Buying conditions have collapsed to levels NEVER seen since 1960 Similar levels have always ended in a recession
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Per BlogTo: "Sure, Toronto will likely never be regarded as an affordable place to live by any means, but if it's any consolation, housing prices in the rental market are somewhat easing up". Merry Xmas š š š #TorontoRealEstate
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š¢ Milton Meltdown šMilton, ON šØš¦ Massive $2M lawsuit as buyers get entangled in a failed flip of a new Milton construction š šø According to court documents: In November 2022, a buyer agreed to purchase this massive Milton home from Primont Homes for $2.4M to close at the
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