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

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.

Price Change

Here are some numbers released showing the average home prices by Toronto Regional Real Estate Board. This represents month-to-month change and the year-over-year change. How does that impact your decision to sell or buy a home? Not sure what is the value of your home today? Or looking to buy to take advantage of a depressed market? call me today @ 416 834 6208

Monthly & Yearly price change

Here are some numbers released showing the average home prices by Toronto Regional Real Estate Board. This represents month-to-month change and the year-over-year change. How does that impact your decision to sell or buy a home? Not sure what is the value of your home today? Or looking to buy to take advantage of a depressed market? call me today @ 416 834 6208

Monthly and Yearly changes in Price

Here are some numbers released showing the average home prices by Toronto Regional Real Estate Board. This represents month-to-month change and the year-over-year change. How does that impact your decision to sell or buy a home? Not sure what is the value of your home today? Or looking to buy to take advantage of a depressed market?  call me today @ 416 834 6208

INTEREST RATE HIKES DRIVE DOWN HOME SALES AND NEW LISTINGS IN NOVEMBER

INTEREST RATE HIKES DRIVE DOWN HOME SALES AND NEW LISTINGS IN NOVEMBER TRREB CALLS INCREASED BORROWING COSTS ‘SHORT-TERM SHOCK’ TORONTO, ONTARIO, December 6, 2022 –

Homeownership market activity in November continued to be influenced by the impact of higher borrowing costs on affordability. Sales were down markedly compared to the same period last year, following the trend that unfolded since the commencement of interest rate hikes in the spring. New listings were also down substantially from last year, and at a very low level historically. The fact t

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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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