Hello!
In our latest episode of Toronto Pinoy Realtor, we dive into the current state of the Greater Toronto Area's (GTA) new home market. This episode is packed with insights that every prospective home buyer should know.
Key Highlights:
- Record Low Sales: February 2025 saw the lowest new home sales on record in the GTA, with only 400 transactions. This marks a shocking 50% drop from last year and is 84% below the ten-year average.
- Market Indicators: New home sales are crucial for understanding the health of the housing market. They reflect buyer confidence and influence the home construction industry.
- Implications for Buyers: If new home sales are declining, it could signal weaker buyer confidence, reduced construction activity, and potential future housing shortages. This means prices might rise if the trend continues.
- Stay Informed: Tracking new home sales is essential for anyone involved in real estate, including investors and home buyers. It helps in making informed decisions about future purchases.
We encourage you to watch the full episode on YouTube to gain a deeper understanding of these trends and what they mean for you as a home buyer or home owner. Your thoughts and insights are always welcome, so feel free to share them!
LOWEST MORTGAGE RATES:
VARIABLE: 5 YR HIGH RATIO P‐.91%
5 YR CONVENTIONAL P‐0.71%
FIXED 1 YR: 5.24%
FIXED 2 YRS: 4.79%
FIXED 3 YRS: 3.87%
FIXED 4 YRS: 4.34%
FIXED 5 YRS: 3.99% (High Ratio) ⬅ LOW RATE, LOW MONTHLY PAYMENTS!
FIXED 5 YRS: 4.34% (Conventional)
We have access to BEST RATES! Working with refinances/debt consolidation mortgages since 2008. Call me at 416-670-8598! Even if your bank says no, we can help you explore other options & help you find a solution.
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