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Motria Dzulynsky Real Estate Group

The Motria Group's Market Blog: Some housing predictions for 2021.

Monday Jan 11th, 2021

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Some housing predictions for 2021. CIBC issued their weekly market update with some very interesting observations and predictions. The pandemic has resulted in job loss in the lower end of the job sector including services which is a major factor. The higher end job sector has for the most part not been impacted, people spent less hence they saved money plus interest rates are very low. They need and want more space and have created demand in the higher end market. On the other hand, the... [read more]

The Motria Group's Market Blog: Real estate market continues to forge ahead for houses

Monday Nov 9th, 2020

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Real estate market continues to forge ahead for houses. We are experiencing quite a buying frenzy and prices for homes are increasing. We have a very low supply and very high demand situation. This includes out of city properties and cottages which have had a large surge in demand and price.  Condos on the other hand are the opposite. For the most part condos are selling much slower. Except for special premium offerings, inventory continues to increase as sales decrease. Rental... [read more]

The Motria Group's Market Blog: It's starting to feel like a seller's market

Tuesday Jan 21st, 2020

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It’s starting to feel like a seller’s market… In the past couple of years the outskirts of Toronto core have been fairly flat and houses have sat on the market. Last night we were on an offer on the outskirts of the GTA. The house came on the market Friday and by Sunday there were 3 offers. The price it went for was 1-2% higher than it would have sold late last year. Motivated buyers are starting to feel like if they don’t buy now they will be priced out of the... [read more]

The Motria Group's Market Blog: We are all wondering how new government incentives for first-time buyers are going to affect the market.

Monday Mar 25th, 2019

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We are all wondering how new government incentives for first time buyers are going to affect the market. There are many restrictions on the government loaning money through CMHC including a limit on the price of the property. As this price is quite low around $480,000 - it will not really affect the core of the city. Hence we believe that the impact will be negligible. The government is also thinking about extra taxing on properties over $3 million. As this market is already a bit soft we... [read more]

The Motria Group's Market Blog: We are not sure what to make of the market

Tuesday Nov 6th, 2018

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We are not sure what to make of the market. Some properties are selling quickly, some are not. We have seen some excellent sales - many going well above list price. Condos in the $400,000-$600,000 range in urban areas are going like hotcakes - many way over their list price. Pre-emptive or bully offers are very common. You have to be quick, well-prepared and very ready to go with certified cheque in hand. I’m not sure how the first time home buyers are managing. I hope that all these... [read more]

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