Maryam Shafikhani's blog
July 2024 GTA Real Estate Market Update
In July 2024 Average Selling Price Dropped by 0.9% compared to July 2023. This is mostly due to number of available homes in the market giving buyers many options which led to little movement in selling prices. 5391 transactions were completed in July 2024. An increase by 3.3% compared to July 2023. In July We had 55.4% more active listings in the market in comparison to last July giving buyers more options to chose from. Properties were on the market for a longer period of time.
It's important to remember, as Bank of Canada Drops interest rates, and affordability improves, more buyers...
Stop throwing your money away on rent! Invest in your future with homeownership.
Stop throwing your money away on rent!
Invest in your future with homeownership. Let me show you how.
Every month, you dutifully hand over that rent check, knowing it's money you'll never see again.
$2,500 here, $2,500 there. It adds up quickly.
Over four years, you'll have spent a staggering $120,000 on rent alone. That's $120,000 with absolutely no return on your investment.
But imagine if that money wasn't thrown in garbage. Imagine if it was building equity in a home of your own.
With homeownership, every mortgage payment is an investment in your future.
You're building equity, not...
Government of Canada current Housing benefits March 1, 2024
Government of Canada current Housing benefits
Information on the GST/HST new housing rebate, buying a home, making homes more energy-efficient and funding for Indigenous housing construction and renovation.
Multigenerational Home Renovation Tax Credit
A credit of up to $7,500 to assist with the cost of renovating a residence to establish a secondary unit.
The MHRTC is a new refundable tax credit for your 2023 return. Eligible expenses for creating a secondary unit can be claimed if it accommodates a senior or eligible adult with disabilities living with a qualifying relative. Each...
Navigating Pre-Construction Projects: A Buyer's Guide to Pros and Cons
Purchasing a home is a significant milestone in one's life, and the real estate market offers a diverse range of options to cater to various preferences and budgets. One intriguing option that has gained popularity in recent years is investing in pre-construction projects. These projects involve buying a property that is still in the planning or construction stages. While they can offer exciting opportunities, it's essential for buyers to be well-informed about the pros and cons before taking the plunge.
Pros of Pre-Construction Projects:
- Customization and...
Tips for Sellers prior to listing their property
Preparing to list your house for sale?
This involves several important steps to ensure a successful and smooth selling process.
Here are some tips for sellers prior to listing their property:
Find an expert Realtor: Using a realtor when selling your property offers numerous benefits that can streamline the process, maximize your sale price, and reduce potential stress. Realtors are trained professionals with in-depth knowledge of the real estate market, local neighborhoods, pricing trends, and legal aspects of property transactions. Their experience can help guide you...
Tips for Buyers
Buying real estate in the Greater Toronto Area (GTA) requires careful consideration due to the dynamic and competitive nature of the market. Here are some essential tips for buyers to help navigate the process of purchasing a property:
1. Define Your Priorities: Determine your must-haves and nice-to-haves in a property. Consider factors like location, size, amenities, and features that align with your lifestyle and long-term goals.
2. Set a Realistic Budget: Establish a clear budget that takes into account not only the purchase price but also additional costs like...
