Balancing Mortgage Rates and Service: Choosing the Right Lender for Your Needs
Most people focus on getting the best possible interest rates when looking for a mortgage. However, mortgage rates shouldn’t be the only factor to consider when choosing a lender. The level of service you receive from your mortgage lender can significantly impact your overall experience. Keep reading to explore the importance of mortgage rates and […]
TRREB: GTA Sales and Price Continue to Improve While Listings Remain Constrained
The Greater Toronto Area (GTA) housing market continued to tighten in April 2023. 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 since the beginning of […]
Appreciation Event at FiAMMA Ristorante
Earlier this year, Burdi Real Estate hosted a clients and friends appreciation event at FiAMMA Ristorante. As always, FiAMMA catered our evening in grand style and as these images illustrate the event was a success! For us, this was a terrific way to reconnect with everyone and it gave us the opportunity to demonstrate our […]
Newsletter May – June 2023
TRREB: Tight Market Conditions Push Up Competition in the GTA
Greater Toronto Area (GTA) housing market conditions tightened in March 2023. Sales accounted for an increased share of listings in comparison to March 2022, suggesting that competition between buyers is on the rise. The average sale price was above the average list price for the first time since May 2022. “As we moved through the […]
Unlocking the Link: How Canadian Interest Rates Shape the Real Estate Market
The Bank of Canada plays a crucial role in managing the Canadian economy through its management of interest rates. Its decisions on interest rates can have a significant impact on the housing market too. Read on to learn more. WHAT ARE CANADIAN INTEREST RATES? Interest rates are the cost of borrowing money. When the Bank […]
GTA Home Sales and Listings Drop in February
February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike levels of early 2022. However, the number of new listings also dropped substantially year-over-year. The result was that the average selling price and MLS® HPI continued to level off after trending lower through the spring and summer of last year. […]
Advantages of Staging Your Home For Sale
When it comes to selling your home, there are many factors that can impact the sale price and how quickly your property sells. One of the most effective ways to boost the value of your home and attract potential buyers is through staging. Staging involves setting up your home in a way that highlights its […]
Newsletter March – April 2023
GTA Real Estate Market Starts the New Year the Same as It Ended Last Year
As we moved from 2022 into 2023, the Greater Toronto Area (GTA) housing market unfolded as expected. The number of January sales and the overall average selling price were similar to December 2022. On a year-over-year basis, both sales and prices were down markedly, continuing to highlight the impact of higher borrowing costs on affordability […]
