Welcome to The Procenko Team blog
A place to go for current real estate news, local events and neighbourhood happenings (and other cool things).
The market is definitely picking up. Compared to this time last year, GTA homes sales in January 2024 increased by an impressive 37 percent, with 4,223 sales reported as compared to 3,083 in January 2023.
Compared to this time last year, GTA home sales in December 2023 increased by 11.5% percent, while the average selling price grew by 3.2 percent reaching $1,084,692.The number of GTA home sales in 2023 came in at less than 70,000 due to affordability.
High borrowing costs and uncertain economic conditions continued to weigh on Greater Toronto Area (GTA) home sales in November 2023. Sales were down on a year-over-year basis, while listings were up from last year's trough in supply.
You've had it with clutter. Maybe you want to move and don't want to take most of your stuff with you, or you just want to live a simpler life. Either way, you've decided that now is the time to start letting go of your stuff. Not so fast...
Lack of affordability and uncertainty remained issues for many would-be home buyers in the Greater Toronto Area (GTA) in October 2023. As a result, sales edged lower compared to last year. However, selling prices remained higher than last year's levels.
Moving to a new home can be both exciting and stressful, especially if you haven't moved in quite some time. As REALTORS, we've certainly heard our share of horror stories. Here are some tips on how to get through the inevitable move and keep your cool.
The fall market is off to a calm start as home supply builds giving buyers less competition and more choices. The uncertainty around the Bank of Canada's upcoming interest rate announcement is also creating some hesitancy for home buyers
Having a scarcity mindset may be the reason you're reluctant to let go of clutter. While not as serious as hoarding, this can be one of the biggest roadblocks preventing you from reclaiming your space and living a happy and healthy, clutter-free life.
With continued uncertainty about the economy and the Bank of Canada's decision-making, increased borrowing costs, and a constrained supply of listings, the month of August resulted in fewer home sales compared to the previous year.
Having a good credit score is crucial for buying a house as most mortgage lenders use it to assess the buyer's creditworthiness. Here's what you need to know about credit scores to buy a property in Canada.
Moving your entire life to a new location takes time, money and causes considerable disruption to your life. So why do so many people choose to willingly move to a new home? Here's ten solid reasons people choose to move on to a new place to live.
GTA home sales, new listings and home prices were up in July 2023 in comparison to July 2022. The market experienced more balance in July compared to June, with sales trending lower while new listings were up.
When moving, you become physically and energetically uprooted. For most of us, this can feel quite unsettling. It makes sense that the faster you unpack and settle in, the better you'll feel. Here's advice on how to settle into your new space with ease.
Home sales and the average selling price in the Greater Toronto Area (GTA) in June 2023 remained above last year's levels.
The GTA housing market continued to improve from a sales perspective in May 2023. Unfortunately, the supply of homes for sale did not keep up with the demand for ownership housing.
Title Fraud is real and in the news these days. Homeowners who have owned their home for a long time and have no debt registered on title can be prime targets for title stealing and mortgage fraud. Here's what you need to know to protect yourself
On a year-over-year basis, sales edged lower compared to April 2022, but new listings were down by more than one-third. Fewer listings relative to sales meant there was more competition between buyers, supporting an improvement in selling prices.
For the first time since May 2022, average sale prices were ABOVE the average list price, signaling a rise in competition among buyers.
Smells can be one of the most powerful senses when it comes to how prospective buyers feel about your home and this can play a significant role in determining how long they'll want to stick around and whether or not they'll want to make your home theirs.
New listings continue to drop year-over-year in the GTA. This severe inventory shortage, coupled with an increase in buying intentions and demand have lead to increased competition between buyers and a return to bidding wars in some.
You've been house-hunting for a while now and finally decide to make an offer on a particular property. Your offer is accepted and you go to bed that night feeling excited. But when you wake up the next morning you may feel some doubts creeping in
Number of sales and new listings substantially lower than last year directly impacted by higher borrowing costs. Home sales in November were down 49% since last year.
As home sales continue to decrease every month, Many homebuyers and sellers are waiting and watching for the market to steady before making any decisions. However, opportunities exist and there are still lots of people buying homes
Just like stocks, RRSP's or any other type of investments, it's a good idea to know where you stand. To help with this, we offer our clients an annual comparative market analysis of their home as a way of helping them keep an eye on their best asset.