I have listed a new property at 285 Hamers RD S in Whitby. See details here
Amazing Opportunity! Build Your Estate Home On 1 Acre Level Lot. Perfectly Located on a quiet cul de sac next to protected conservation land. Enjoy country living and only 5 minutes to Brooklin Whitby's main strip! Easy access to Hwy 12, 407,412 makes commuting to the city or heading north a breeze. Endless Possibilities From This Elevated Vantage Point Surrounded By Nature As Far As The Eye Can See!
I have listed a new property at 220 Rd Bayshore RD in North Kawartha. See details here
Opportunity to build on Chandos Lake! , Located 15+ minutes north of the charming town of Apsley, Ontario, within a 2-hour drive from the eastern edge of the GTA. Via 407 to 115 to 28. Private lot / 1.74 acres of land with small island - 300 feet of Lakefront with Year-round access / Private Road $225 yearly Road Fees /There is Hydro on the property servicing the trailer. The property includes pin 282710707(shore road allowance). Legal Description CONC. 8 PT LT 25 PT 3 45R2899, T/W R6877052 & PT RDAL IN FRONT OF LT 25 BEING PT 1 PL 45R14193 CHANDOS TOWNSHIP, PTB COOpportunity Knocks to purchase a piece of paradise on Chandos Lake! , Located 15+ minutes north of the charming town of Apsley, Ontario, within a 2-hour drive from the eastern edge of the GTA. Via 407 to 115 to 28. Private lot / 1.74 acres of land with small island - 300 feet of Lakefront with Year-round access / Private Road $225 yearly Road Fees /There is Hydro on the property servicing the trailer. The property includes pin 282710707(shore road allowance). Legal Description CONC. 8 PT LT 25 PT 3 45R2899, T/W R6877052 & PT RDAL IN FRONT OF LT 25 BEING PT 1 PL 45R14193 CHANDOS TOWNSHIP, PTB CO
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Greetings, GTA homebuyers and sellers! As we reflect on the bustling real estate activities of March 2024, we're thrilled to share insights that paint a vivid picture of opportunity in our dynamic market. At Jim Stanton & Associates, our dedication to keeping you informed remains steadfast. Join us as we analyze the numbers from last month and explore what they mean for your future in real estate.
The GTA real estate market remained busy through March:
Every city/town is unique as are the communities within them. Scroll through to find your town.
On March 6th the Bank of Canada held its policy rate at 5% for the 6th consecutive time. The next announcement is on April 10th. While many predict rates to come down at some point in 2024 consensus seems to be the Bank of Canada will hold again for the 7th time on April 10th. We'll update this post when the news comes in.
What Does This Mean for Buyers and Sellers?
Buyers will benefit from increases in inventory as the Spring Market chugs along but they now have less time to buy with Days on Market for many property types across the GTA coming down. To ensure success buyers should:
Be Ready to Act: Don't miss out on an opportunity. With homes selling faster be prepared with your financing so you can make that offer on your dream home.
Date the Rate: With rates expected to come down purchasing now will benefit you later in renewal. When rates do start to come down you can bet prices will go up.
Despite a rise in sales and a surge in new listings, low inventory levels persist, intensifying buyer competition and fostering ample opportunities for sellers. While the spring market may be progressing, don't hesitate to act, even amidst the allure of awaiting more favorable mortgage rates. Consider this:
Seize the Moment: Higher demand could fetch you a premium price, potentially offsetting any future price increases when rates drop. Consider leveraging this opportunity to maximize returns, not only on the sale of your current property but also on your next home.
Favorable Outlook: With prices continuing to climb and properties spending less time on the market, now is an opportune time to strategize your next move. Confidence is key as positive trends persist in the market."
In conclusion, March 2024 has unveiled a real estate landscape brimming with opportunities for both buyers and sellers across the GTA. Despite a slight dip in year-over-year sales, the market exhibited robust month-over-month growth, showcasing its resilience and dynamism. Sellers continue to enjoy favorable conditions with low inventory levels, while buyers can capitalize on the steady increase in available listings and stable pricing trends. As we eagerly anticipate the Bank of Canada's upcoming announcement on interest rates, it's imperative for buyers to act swiftly and sellers to seize the moment. Whether you're looking to enter the market or make a move, staying informed and proactive will be key to achieving your real estate goals in the months ahead. At Jim Stanton & Associates, we remain dedicated to guiding you through every step of your journey with expertise and insight.
Regardless of the statistics and the market you have your own reasons for making a move. A big life event, ambitions, the need to upsize or downsize or even relocate. The key is to ensure you have someone in your corner representing your best interests. Let us be your guide. Contact Us Today!
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