Johnder Perez

Real Estate Broker

call/text: 416-272-5110

email: jp@johnder.com

Hallmark Realty Ltd.

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Sales Down 38.8% – Time to Buy?

June 7, 2022 by Johnder Perez Leave a Comment

Home Buyers Fear Over Paying

“The real estate market is crashing!” — is what you see in headlines everywhere. Sales are down 38.8% year-over-year. Prices are down 9% month-to-month. The number of homes for sale is up 26% compared to last year. What buyers have long been waiting for has come: more listings, less competition, and… gasp… lower prices. So […]

Filed Under: Advice, Market News

Is the Real Estate Market Crashing?

May 7, 2022 by Johnder Perez Leave a Comment

It depends on what your definition of crashing is. Is a drop in sales a crash? How about prices? Before we jump to conclusions about what the market ‘might’ be doing, let’s look at some data to gauge where the market could be going. April sales dropped 41.2% but prices jumped 15%. Active listings were […]

Filed Under: Market News

Average Home Price Drops 2.6%

April 7, 2022 by Johnder Perez Leave a Comment

Last month I said prices wouldn’t drop because of interest hikes. Well… this month, prices did drop. Compared to February 2022’s average sale price of $1,334,544, March saw the average sale price drop 2.6% to $1,299,894. Compared to March 2021, the average price jumped 18.5%. So let’s set things straight. The price drop didn’t occur […]

Filed Under: Market News

Real Estate Prices Won’t Drop Because of Interest Rate Hikes

March 7, 2022 by Johnder Perez Leave a Comment

The recent interest rate hike wasn’t a surprise to the real estate market. In fact, it was expected to happen. You may be seeing a lot of articles being published about how prices will drop as a result of this recent rate hike. Considering February saw sales decline 16.8%, new listings drop 6.6%, and active […]

Filed Under: Buying a Home, Market News

Where Are All The Homes For Sale?

February 7, 2022 by Johnder Perez Leave a Comment

If you’ve been actively searching for homes for sale over the past month, you’re probably wondering why you aren’t seeing a lot of houses for sale. At just 4,140 active listings in January 2022, the number of properties available for sale in the entire area covered by the Toronto Regional Real Estate Board has hit […]

Filed Under: Market News

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