We’ve recently spoke about the seller’s market in Markham and the GTA, due to the low inventory available. We also talked about some of the trends that will continue for 2017, based on the TREB report. What can you expect as a buyer or seller in Markham in 2017? Increased interest rates There ... » Learn More about What to Expect When Buying or Selling a Home in 2017
Markham Market Updates
Low Inventory Translates To High Sale Prices In Markham
It seems like the Markham real estate market is defying the odds once again. The extremely low inventory has kept the pressure on prices translating to a 27% increase over the same timeframe last year. The Toronto Real Estate Board recently released their annual report forecasting that home prices ... » Learn More about Low Inventory Translates To High Sale Prices In Markham
The GTA Housing Market in 2017
The Toronto Real Estate Board recently released their annual report, which details what happened in the GTA’s real estate market in 2016 and their analysis for what will happen in 2017. Whether you are looking to buy or sell a home in Markham or you just like to know what’s up with the market, this ... » Learn More about The GTA Housing Market in 2017
New Mortgage Rules were Implemented in 2016
New mortgage rules were implemented in 2016, and among them, the first requiring first-time buyers to take a stress test to ensure that they would be able to make their mortgage payments should the interest rates rise and the second where buyers purchasing homes over $500,000 would need to put down ... » Learn More about New Mortgage Rules were Implemented in 2016
Markham House Prices Up 20% in 2016!
To no one's surprise, Markham house prices were way up in 2016. What may be a little surprising though, is that they rose by a whopping 20% over 2015. Although new listings remained on par with 2015, inventory was quite low and demand was through the roof thanks in part to low borrowing costs, low ... » Learn More about Markham House Prices Up 20% in 2016!