Realtor Cheema

🏡📈 March 2024 Market Update 📉🏠

🔍 Despite a lower number of home sales compared to last year due to Good Friday falling in March, the Greater Toronto Area (GTA) market is showing resilience!

📉 Sales: 6,560 sales reported, down 4.5% from March 2023.

📈 New Listings: Increased by 15% over the same period, with a 3% decrease from February.

📊 Quarterly Performance: Q1 saw a sales increase of 11.2% year-over-year, with new listings up by 18.3%.

💼 Expert Insights: TRREB President Jennifer Pearce notes a gradual market improvement, anticipating further growth with lower borrowing costs.

💰 Prices: Average selling price up by 1.3% to $1,121,615, with expectations of accelerated growth through spring and beyond.

🌟Conclusion: Despite challenges, the GTA real estate market remains dynamic, with opportunities for buyers and sellers alike!

Hot off the press!

First Market Report for 2024!

Home buyers place close attention to the market this year! Be vigilant and watch for the opportunities. Home sales and listings were up to start the year due to lower bowering costs, and fixed rate mortgage products, but average price saw a slight decrease.

If you've been in the market for your first home do not let the news of bidding wars put you on the sideline. Everything on social media isn't always what it seems. Work with a team of professionals that provide full transparency and trust. Getting onto of pre-approvals early will be beneficial when the opportunity arises!

Contact me, stay informed, and get consistent updates! Join me, as I also embark on the journey of finding a home this year.

Happy New Year! Wishing you a year filled with joy, success, and new opportunities. May this year bring you happiness and prosperity. Cheers to a fantastic year ahead! 🥂

September 2023.

A never ending wedding season is to blame for this late September 2023 Market Update!

The impact of high borrowing costs, high inflation, and uncertainty around future Bank of Canada decisions continues to weigh on the GTA home sales in September. Despite a higher supply with increased listings, the average selling price was higher year-over-year.

Swipe through the post for a snapshot of housing prices since the beginning of BoC rate hike cycle in May 2023. has created a great comparison from May 2023 to September 2023.

This summer's and early fall market was a bit more balanced, with listings increasing more then sales. This suggests that some buyers may benefit from more negotiating power, at least in the short term.

If you're in the market now, or plan to be in the near future, contact me to stay up-to-date as buying opportunities continue to show. Having the right team in your real estate journey is key! From your mortgage broker, accountant, to your real estate agent - your team should always prioritize your best interests!

Looking to buy, sell, or invest?

Contact me today for all your real estate questions!

📱 647-822-6457
📧 [email protected]

just SOLD

Welcome to 341 Silken Laumann Drive! A beautiful, one owner, beautifully kept 3 bedroom, 3 washroom, semi-detached located on a quiet, dead-end street in Newmarket. Offering an ideal blend of urban convenience and suburban charm, only 45 minutes from Toronto, offering easy access to the highway and just minutes away from the GO station. 3 large bedrooms, with the primary room offering a very spacious 5 piece ensuite! Spacious kitchen with a gas stove, offering a walk-out deck with gas line access for a BBQ! Located very close to several schools, parks, and Southlake Regional Health Centre! Don't miss your chance to be a part of this dynamic, thriving, sought after area that brings 10 parks and 38 recreation facilities!

The most affordable condos in the GTA launching tomorrow!

An ambitious pre-construction master-planned community that intends to revolutionize downtown Pickering into an interconnected, pedestrian-friendly hub. This will include 20 new mixed-used condominium developments with heights ranging from 9 to 55 storeys. This community will be in built in two phases spanning over ten years. The first phase will feature ten towers with 6000 new residential units!

✅New 5-acre downtown
✅Direct connection to GO Train
✅700,000+ sqft shopping centre
✅130,000+ sqft office building
✅20,000+ sqft state-of-the-art fitness centre
✅Walk to City Hall, Parks & Pickering Waterfront

Contact me for VIP Pricing and Details

📱647-822-6457
📧[email protected]