Dharmendra  Dholakiya

Dharmendra Dholakiya

Broker

RE/MAX CROSSROADS REALTY INC. Brokerage*

Mobile:
416-834-6208
Office:
905-305-0505
Email Me
Dharmendra  Dholakiya

Dharmendra Dholakiya

Broker

RE/MAX CROSSROADS REALTY INC. Brokerage*

Mobile:
416-834-6208
Office:
905-305-0505
Email Me

Dharmendra Dholakiya's blog

Tighter Market Conditions in January 2024 When Compared to the Previous Year

Home sales were up in January 2024 in comparison to January 2023. This annual increase came as some homebuyers started to benefit from lower borrowing costs associated with fixed rate mortgage products. New listings were also up year-over-year but by a lesser annual rate compared to sales.

The resulting tighter market conditions when compared to the same period a year earlier, potentially points toward renewed price growth as we move into the spring market. “We had a positive start to 2024. The Bank of Canada expects the rate of inflation to recede as we move through...

2024 Rental Market Report - CMHC

Highlights from the 2024 Rental Market Report

  1. National Rental Landscape: Despite an increase in overall rental unit supply, demand outpaces supply for the second consecutive year. Canada is experiencing record-low vacancy rates (1.5%) and record-high average rent growth (8.0%) in 2023, creating competitive rental conditions across major markets.
  2. City-Specific Market Trends: Toronto, Montréal, Calgary and Edmonton witness significant declines in vacancy rates, while Vancouver and Ottawa maintain stability. Rent growth accelerates in major markets, with Calgary and Edmonton...

Bank of Canada done on rate hikes – but April cut unlikely, says CIBC's Tal

While the Bank of Canada left interest rates unchanged as expected in its opening decision of 2024, the most noteworthy part of its announcement was the conspicuous lack of reference to possible future rate hikes, according to a top economist.

Benjamin Tal (pictured), deputy chief economist at CIBC World Markets, told Canadian Mortgage Professional that the central bank’s decision, which saw its benchmark rate remain at 5.0%, marked a clear sign that rate increases appear to be in the rearview mirror – even if the Bank is anxious to pour cold...

2022 Housing Market in Greater Toronto Area

Source: TRREB

The Greater Toronto Area (GTA) housing market experienced a marked adjustment in 2022 compared to record levels in 2021. Existing affordability issues brought about by a lack of housing supply were exacerbated by sustained interest rate hikes by the Bank of Canada. 

City of Toronto - Vacant Home Tax

(Source: City of Toronto)

The City of Toronto's Vacant Home Tax (VHT): Residential properties in the City of Toronto that is unoccupied for more than six months (cumulative) in a calendar year may be subject to the new tax starting from 1st January 2023.

Mortgage rate - What is behind it?

What’s behind your mortgage rate

(Source: Bank of Canada)

Buying a home is probably the biggest purchase you’ll ever make. If you’re like most people, you won’t pay cash—you’ll borrow most of the money by taking out a mortgage. And over the life of the mortgage, you’ll pay a lot in interest.

Small changes in interest rates can make a big difference in how much you’ll pay. So it’s important that you understand what determines the interest rate on your mortgage, even if you already own a home.

Mortgage rate - What is behind it?

What’s behind your mortgage rate

(Source: Bank of Canada)

Buying a home is probably the biggest purchase you’ll ever make. If you’re like most people, you won’t pay cash—you’ll borrow most of the money by taking out a mortgage. And over the life of the mortgage, you’ll pay a lot in interest.

Small changes in interest rates can make a big difference in how much you’ll pay. So it’s important that you understand what determines the interest rate on your mortgage, even if you already own a home.

Mortgage rate - What is behind it?

What’s behind your mortgage rate

(Source: Bank of Canada)

Buying a home is probably the biggest purchase you’ll ever make. If you’re like most people, you won’t pay cash—you’ll borrow most of the money by taking out a mortgage. And over the life of the mortgage, you’ll pay a lot in interest.

Small changes in interest rates can make a big difference in how much you’ll pay. So it’s important that you understand what determines the interest rate on your mortgage, even if you already own a home.

Stress test for Uninsured Mortgages remains at the set criteria - No Change for now!

OTTAWA ─ December 15, 2022 ─ Office of the Superintendent of Financial Institutions

Today, the Office of the Superintendent of Financial Institutions (OSFI) announced that the minimum qualifying rate (MQR) for uninsured mortgages will remain the greater of the mortgage contract rate plus 2 per cent or 5.25 per cent.

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416-834-6208

  

905-305-0505

  
Ready to Sell your Property ?     
 
You do have a Choice,  " Better service,  friendly commission"special commission package if you Qualify Buying or selling  Property is a big   business transaction.
That's why it's so important to select, in advance, an experienced team of experts and professionals you can trust.In Ontario, a REALTOR® is a licensed real estate professional who is a member of a local real estate board as well as the Canadian Real Estate Association (CREA) and the Ontario Real Estate Association (OREA). This individual has successfully completed an intensive course of study and has skills, knowledge and experience that most buyers and sellers don't have. He or she must adhere to provincial law and abide by a National Code of Ethics, ensuring you a high level of service, honesty and integrity.

The REALTOR® you select should be someone that knows the neighborhood you live in or want to live in and who can provide you with sound, effective advice. A REALTOR® also acts as a mediator during the real estate transaction and can advice you on when to bring in the other experts or professionals. ( source: OREA )

I deal with Residential and business Real Estate, also  coordinate with group of professionals such as lawyer, mortgate broker, home inspector etc. so that my client gets all real estate related servcices with least effortyou can reach me at 416-834-6208

Business Listing wanted - Do you have Gas station, Food franchise, Variety store, Land ?qualified buyers ready to buy good businessHow Is the Market ?GTA has very robust real estate market where Home Sellers are getting very impressive Value of their property, year to year price increase is significant. Its very RIGHT time to Sell.Historically low iNTREST rate empowred Buyers to fulfill dream of having a HOME, low intrest rate however is not for ever and eventually will go upward, indicating current Opportunity of Buying home sooner rather than later.

                              


Awards: RE/MAX 100% Club Award, RE/MAX Executive Award

Languages Spoken: English, Gujarati, Hindi, Punjabi, Urdu



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