By: Miguel Fernandez Morales LLB, MBA

Toronto Prices Going Up Again

Tags: MIGUEL FERNANDEZ, MARKET INFORMATION, TREB MARKETWATCH REAL ESTATE ADVISORS, YOUR FAMILY REALTOR, SPANISH SPEAKING AGENT IN TORONTO, CUBAN AGENT IN TORONTO, AGENTE DE BIENES RAICES CUBANO EN TORONTO Y EL GTA, BIENES RAICES, CASAS TORONTO, HONEST REALTOR, REAL ESTATE ADVISORS

The Toronto Region housing market recovered considerably in June following a significant slowdown due to COVID-19. As cases started to decline across the province and the economy began to open up, more buyers and sellers jumped off the sidelines and returned to the market, kickstarting sales recovery. Similarly, average home prices continued on a steady upward trajectory, lapping February 2020 lev...Read More

By: Miguel Fernandez Morales LLB, MBA

If you are looking for COVID discount on your next property, stay away from Toronto

Tags: MIGUEL FERNANDEZ, MARKET INFORMATION, TREB MARKETWATCH REAL ESTATE ADVISORS, YOUR FAMILY REALTOR, SPANISH SPEAKING AGENT IN TORONTO, CUBAN AGENT IN TORONTO, AGENTE DE BIENES RAICES CUBANO EN TORONTO Y EL GTA, BIENES RAICES, CASAS TORONTO, HONEST REALTOR, REAL ESTATE ADVISORS

Taken from Toronto Storeys We’re in the middle of a pandemic. Unemployment is at an all-time high. Millions of people are without a job. And the Toronto real estate market couldn’t care less. If you’re looking for a COVID-discount on your next property, you better not be searching here – ’cause you won’t find it. What you will find, just weeks removed from ...Read More

By: Miguel Fernandez Morales LLB, MBA

Why Buying Direct from the Listing Agent does not save you money

Tags: MIGUEL FERNANDEZ, Market InfoRmation, TREB Marketwatch rEAL ESTATE ADVISORS, YOUR FAMILY REALTOR, SPANISH SPEAKING AGENT IN TORONTO, CUBAN AGENT IN TORONTO, AGENTE DE BIENES RAICES CUBANO EN TORONTO Y EL GTA, BIENES RAICES, CASAS TORONTO, HONEST REALTOr

 Why buying direct from the listing Agent does not save you money By Miguel Fernandez   A common misconception among buyers is believing that you will save money if you buy a home directly from the listing agent instead of having your own agent help you with the purchase. I will give you some reasons why you will be better off having your own real estate professional on your side: The...Read More

By: Miguel Fernandez Morales LLB, MBA

Real Estate Market Update June 2020

Tags: MIGUEL FERNANDEZ, Market InfoRmation, TREB Marketwatch rEAL ESTATE ADVISORS, YOUR FAMILY REALTOR, SPANISH SPEAKING AGENT IN TORONTO, CUBAN AGENT IN TORONTO, AGENTE DE BIENES RAICES CUBANO EN TORONTO Y EL GTA, BIENES RAICES, CASAS TORONTO, HONEST REALTOr

 As home buyers, sellers and the real estate industry at-large adjust to new market conditions and health and safety measures under the COVID-19 emergency, new data from the Toronto Regional Real Estate Board (TRREB) for May shows that sales activity improved substantially across the region since the previous month. Sales across the Toronto Region increased 55% month-over-month (m-o-m) in May...Read More

By: Miguel Fernandez Morales LLB, MBA

Warning! The risk of hiring an inexperienced realtor is now 93%

Tags: MIGUEL FERNANDEZ, Market InfoRmation, TREB Marketwatch rEAL ESTATE ADVISORS, YOUR FAMILY REALTOR, SPANISH SPEAKING AGENT IN TORONTO, CUBAN AGENT IN TORONTO, AGENTE DE BIENES RAICES CUBANO EN TORONTO Y EL GTA, BIENES RAICES, CASAS TORONTO, HONEST REALTOr

By Miguel Fernandez We have now the stats for how many transactions every agent closed in 2019 and I want to share it with you. 2019 was a normal year and only 7% of all real estate agents closed more than 10 transactions last year. I am sure the numbers are different now with COVID-19 reducing over 60% of the industry’s total sales, but what does this mean for you? Real estate is the type o...Read More

By: Miguel Fernandez Morales LLB, MBA

Sales Down 67% in April , but did prices drop?

Tags: MIGUEL FERNANDEZ, Market InfoRmation, TREB Marketwatch rEAL ESTATE ADVISORS, YOUR FAMILY REALTOR, SPANISH SPEAKING AGENT IN TORONTO, CUBAN AGENT IN TORONTO, AGENTE DE BIENES RAICES CUBANO EN TORONTO Y EL GTA, BIENES RAICES, CASAS TORONTO, HONEST REALTOr

Toronto Area Average Home Price Unchanged at $821,392 in April, Sales Down 67% With provincial and public health safety measures in full effect, COVID-19 expectedly slowed down housing market activity across the Toronto Region this April. Home sales across the region declined 67 per cent, with 2,975 residential transactions taking place throughout the month, according to the latest report from the...Read More

By: Miguel Fernandez Morales LLB, MBA

You Get What You Paid For.

Tags: MIGUEL FERNANDEZ, Market InfoRmation, TREB Marketwatch rEAL ESTATE ADVISORS, YOUR FAMILY REALTOR, SPANISH SPEAKING AGENT IN TORONTO, CUBAN AGENT IN TORONTO, AGENTE DE BIENES RAICES CUBANO EN TORONTO Y EL GTA, BIENES RAICES, CASAS TORONTO, HONEST REALTOr

 By Miguel Fernandez Everybody knows that you get what you pay for, but many tend to forget that fact when it comes to real estate. While trying to get the cheapest realtor in town may seem like the best option, it may cause you more harm than good. When dealing with cheap and inexperienced real estate agents, people assume that anyone can do a real estate agent’s job. Although I under...Read More

By: Miguel Fernandez Morales LLB, MBA

Is it now a Good time to BUY?

Tags: MIGUEL FERNANDEZ, Market InfoRmation, TREB Marketwatch rEAL ESTATE ADVISORS, YOUR FAMILY REALTOR, SPANISH SPEAKING AGENT IN TORONTO, CUBAN AGENT IN TORONTO, AGENTE DE BIENES RAICES CUBANO EN TORONTO Y EL GTA, BIENES RAICES, CASAS TORONTO, HONEST REALTOr

 By Miguel Fernandez  Despite a strong start to the spring housing market in the Greater Toronto Area (GTA) in February, evolving conditions around the COVID-19 pandemic have had a profound short-term impact on housing activity in the region.  According to our calculations, the real estate market has switched from a Sellers Market, characterized by lack of inventory and buyers biddi...Read More

By: Miguel Fernandez Morales LLB, MBA

Coronavirus Affecting Real Estate Transactions in April 2020

Tags: MIGUEL FERNANDEZ, Market InfoRmation, TREB Marketwatch rEAL ESTATE ADVISORS, YOUR FAMILY REALTOR, SPANISH SPEAKING AGENT IN TORONTO, CUBAN AGENT IN TORONTO, AGENTE DE BIENES RAICES CUBANO EN TORONTO Y EL GTA, BIENES RAICES, CASAS TORONTO, HONEST REALTOr

 By Miguel Fernandez Last month, March,  in the first two weeks 2929 freehold residential properties and 1624 condo properties were sold in the GTA. That is a total of 4553 residential properties sold in 14 days. The first two weeks of April are showing a totally different picture; only 602 freehold properties and 266 condo properties have been sold so far, totalling an underwhelming 86...Read More

By: Miguel Fernandez Morales LLB, MBA

Real Estate Marketwatch April 2020

Tags: MIGUEL FERNANDEZ, Market InfoRmation, TREB Marketwatch rEAL ESTATE ADVISORS, YOUR FAMILY REALTOR, SPANISH SPEAKING AGENT IN TORONTO, CUBAN AGENT IN TORONTO, AGENTE DE BIENES RAICES CUBANO EN TORONTO Y EL GTA, BIENES RAICES, CASAS TORONTO, HONEST REALTOr

According to the last official Provincial list Real Estate services are considered essential. Many transactions are in process and despite Coronavirus crisis, some people need to move for different reasons. Real estate agents can go on working in a limited way. Open Houses are not allowed, and showings are restricted. If you have questions or need real estate services, please let me know. Below th...Read More