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Jordan Rasberry
Добавлен 6 дек 2021
West Toronto Freehold Market Report - 2024 Recap and 2025 Predictions
The West Toronto freehold market saw a slowdown in December 2024, with only 117 sales, marking one of the slowest months in over 35 years. Despite this, the overall market in 2024 showed improvement, with sales up 10% from the previous year and a modest 2% increase in average sale price. Looking ahead to 2025, the market is expected to see moderate growth in sales volume and prices throughout the year. While affordability challenges remain, a gradual decline in interest rates should help boost buyer confidence. The demand for freehold homes in West Toronto will stay strong, but supply constraints in popular neighbourhoods will continue to create a competitive environment.
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Видео
359 Northcliffe Blvd | SOLD!
Просмотров 3214 дней назад
This immaculately kept 3-bedroom home is a rare find in one of the most sought-after neighbourhoods. This property blends timeless charm with modern convenience within the Corso Italia community. The home is anchored by a spacious rear family room with vaulted ceilings, perfect for entertaining or relaxing by the cozy gas fireplace. The thoughtfully designed layout offers ample storage, includi...
The BIGGEST mortgage changes in decades 💰📣
Просмотров 68Месяц назад
The Canadian government will introduce significant changes to Canadian mortgages on Sunday, December 15. While these changes apply to the whole country, their effects will be most notable in Toronto and Vancouver, where the average home price is well north of $1M. Here are the most notable changes: 1. The cap for insured mortgages is increasing from $1M to $1.5M. Currently, you must put a minim...
West Toronto Freehold Market Report - November 2024
Просмотров 66Месяц назад
Overall, the freehold market in West Toronto is looking stable and relatively healthy. Sales volume is way up - 50.30% YOY. Keep in mind, that 2023 had the lowest sales volume of any November over the past 10 years. New listings were flat YOY - 365 this year versus 363 last year. Active listings was up 22% this year, but with the increase in sales volume more inventory was absorbed. The sales-t...
West Toronto Freehold Market Report - October 2024
Просмотров 532 месяца назад
This month's biggest headline is the rebound in sales volume this October, which is up 65% compared to October 2023 and 51% compared to October 2022. While the number of sales is still down significantly from earlier years (pre-interest rate hikes!), recent interest rate reductions are starting to impact buyer confidence, and buyers are returning to the market. Year to date, there has been an i...
September stats, new mortgage rules & secondary suite incentives
Просмотров 1083 месяца назад
[0:00-3:10] - September market stats [3:10-5:25] - New mortgage rules [5:25-7:49] - Government incentives to build additional secondary suites Link to new mortgage rules: www.canada.ca/en/department-finance/news/2024/09/delivering-the-boldest-mortgage-reforms-in-decades.html Link to new government initiative to finance rental units: www.canada.ca/en/department-finance/news/2024/10/mortgage-insu...
Interest rates are declining faster than expected. Is that good or bad?
Просмотров 304 месяца назад
Rate cuts are excellent news for those of you with variable-rate mortgages or mortgage renewals on the horizon. But on the other hand, it’s terrible news! Rates are anticipated to decline faster than expected because of recently released economic data, which paints a pretty gloomy picture of Canada’s current financial landscape. Unemployment numbers came in higher than anticipated, debt servici...
It’s been a sleepy, slow summer!
Просмотров 395 месяцев назад
Depending on which stats you read, you could think the market is quite healthy or in a not-so-good place. On one hand, if you look at the average sales price and number of sales, you’d believe the market is doing just fine. But, on the other hand, if you look at stats like active listings and average days on the market, you’d conclude the market is still getting worse! As the cost of borrowing ...
Are freehold homes heading down the same path as condos?
Просмотров 1066 месяцев назад
The condo market has been rocky for the better part of the past two years, while freehold homes have performed much differently. But there may be change on the horizon. Sales volume and average price for freehold homes slid down throughout June, which isn’t unusual, but looking at the sales-to-new listing ratio (SNLR) indicates that the freehold market is also slowing. At the end of June, the S...
119 Merton St, Unit 108 | SOLD!
Просмотров 237 месяцев назад
Welcome to your new home at the Metro on Merton Street, a hidden gem in a tranquil neighbourhood that offers the perfect balance of city living convenience and peaceful retreat. This large 850 square foot 1 bedroom plus den unit is located on the ground floor with a private walk-up entrance. Enjoy the 175 square foot terrace, great for dog owners, barbecues, or hosting friends and family. The u...
BOC CUTS RATES! 📉
Просмотров 547 месяцев назад
Canada’s latest inflation numbers came in at 2.7%, which is welcome news for the Bank of Canada. Those inflation numbers, plus lower-than-expected GDP growth, were enough for the BOC to decrease its overnight rate for the first time in four years. While this move does offer some relief for variable-rate mortgage holders and will help improve buyer confidence, it will not have a material impact ...
169 Northcliffe Boulevard | SOLD!
Просмотров 4247 месяцев назад
This is the quintessential St Clair West address; the perfect 4-bedroom home that has been thoughtfully renovated throughout while maintaining original charm and character in all the right places. The large front porch, which was recently renovated with new stone pillars, a romantic swing, and a cedar strip ceiling, is the perfect place to start, or end, your day. It leads into a bright foyer c...
14 Florence Street | SOLD!
Просмотров 627 месяцев назад
This charming three bedroom, two bathroom home is bursting with historical character and charm. Walk into a sunny living room flooded with natural light streaming through its bay window. This space exudes warmth and sophistication with tall ceilings, crown moulding, and gleaming hardwood floors. Connected seamlessly, the dining room is ideal for gatherings with loved ones. Off of the kitchen, a...
4242 Perivale Road | SOLD!
Просмотров 818 месяцев назад
Nestled in one of Mississauga’s most coveted neighbourhoods, this detached home offers a lifestyle of convenience and comfort. Boasting three bedrooms, four bathrooms, and a fully furnished basement, it has been meticulously maintained and thoughtfully renovated. As you walk into the home, you are greeted by a spiral staircase and sight lines stretching from the front to the back. Upstairs, you...
A Tale of Two Cities; Condos 🏢 Versus Freehold 🏡
Просмотров 848 месяцев назад
The current Toronto real estate market is a tale of two cities, starkly contrasting the freehold and condo markets. The condo market faces strong headwinds as investors battle stubbornly high interest rates, which results in negative cash flow. Current inventory levels have been at their highest since the peak of covid when no one wanted to live in the downtown core. On the other hand, the free...
Is there a light at the end of the tunnel? 💡 🌟
Просмотров 37Год назад
Is there a light at the end of the tunnel? 💡 🌟
The market is not in a good place right now 🤔
Просмотров 76Год назад
The market is not in a good place right now 🤔
September 2023 Market Report - Doom and gloom mixed with exciting opportunities!
Просмотров 47Год назад
September 2023 Market Report - Doom and gloom mixed with exciting opportunities!
TOP 10 Things to do when you purchase a new home
Просмотров 27Год назад
TOP 10 Things to do when you purchase a new home
August 2023 Market Report - The Stats Were Very Unremarkable!
Просмотров 109Год назад
August 2023 Market Report - The Stats Were Very Unremarkable!
July 2023 Market Report and a Lesson for Future Sellers
Просмотров 32Год назад
July 2023 Market Report and a Lesson for Future Sellers
June 2023 Market Report - Interest rates up, inflation down, where will prices go?
Просмотров 28Год назад
June 2023 Market Report - Interest rates up, inflation down, where will prices go?
There’s probably a lot of pent up demand from buyers that have been waiting 1.5 to 2 years for interest rates to be lower
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Thank you again for the informative video! Loving these!
Thanks for watching Zaid!!!
Thank you for making this video Jordan!
Great video!
Wow, that is a beautiful house! The backyard looks awesome.
Thanks Jordan for the insights!
Thanks for the great update Jordan!
💋 "promosm"
Great video! Thanks for sharing these insightful updates, Jordan!
Thanks for watching and for the feedback Zaid! Much appreciated my man
wow nice
Always so informative - thank you!
Great recap Jordan! Super informative
Good graphics and your film quality is crystal clear. Well done!
Jordan, I enjoy your market report, very informative.
Thanks so much Ali! Glad you’re watching!!
😩 *Promosm*
Yes, let's hope for more supply!
Great vid!!!
Thank you so much!
You just got a new subscriber!
Ahhh, this is for Canada. Darn.
Hey! Yea this was a Canadian example. But if you’re interested you can find a link to the article here: drive.google.com/drive/folders/1Tl3iNHcNR5N4ttDZ0blgkAS5X5z7LJHK
@@Jordanrasberry Thank you and I don't know, I see your point about some of the obstacles it would create for buying/selling, but it certainly would put more of an emphasis on the importance of installing these measures for those that own that are not in the market at the moment.
@@Jordanrasberry And, I am not talking about windows in any way, shape or form. Nor am I suggesting new HVAC. More importantly, air sealing and insulation which actually, relatively speaking, don't cost nearly as much.
@@homeairleakagetest hey - well it'll create obstacles for sellers as they'll have to find an energy auditor (which are in short supply) and then wait for their report and then potentially take on minimum upgrades the government may require. However, I totally agree with you that it's very easy to add some relatively inexpensive upgrades to help with efficiency like you mentioned with insulation, no caulking, etc.
Jordan - I don't see the link to the article.
Great summary!
Thanks for watching!