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After a sluggish few months, the GTA Toronto real estate market has turned a corner with a significant increase in sales for both houses and condos. October 2024 saw an impressive 45% jump in year-over-year house sales and a 32% rise in condo sales, a reflection of growing buyer interest across the Greater Toronto Area. Despite last year’s low sales volumes, this surge signals a promising shift for those involved in the GTA Toronto real estate market update. A Shift in GTA Toronto Real Estate Update Market Dynamics While the GTA Toronto real estate market remains somewhat slow, there is clear evidence that demand is heating up. Many prospective buyers, wary of rising prices in the future, are choosing to enter the market now rather than waiting until spring when the competition may be fiercer. Although market experts suggest a moderate outlook for price increases, these motivated buyers are accelerating their plans, driven by memories of past missed opportunities in the GTA Toronto real estate market. Key Factors Fueling Demand in GTA Toronto Real Estate Market Multiple factors are fueling this resurgence in the GTA Toronto real estate market, including the effects of lower interest rates and upcoming federal changes to insured mortgages. With new listings growing slower than demand, inventory is tightening, leading more buyers to secure homes in today’s market. As interest in the GTA Toronto real estate market grows, this supply-demand imbalance could set the stage for a more competitive spring. October 2024 By the Numbers: GTA Toronto Real Estate Market Highlights Low-Rise Houses in the GTA Toronto Real Estate Market: Sales: Up 45% year-over-year New Listings:  Up 2% Active Listings:  Increased 27% year-over-year Average Price:  $1,362,505 (unchanged from last year) Median Price:  $1,154,000 (down 2% year-over-year) Months of Inventory (MOI):  3.1, signaling a warmer GTA Toronto real estate market with demand outpacing supply. The Months of Inventory (MOI) ratio is a key indicator of market competitiveness in the GTA Toronto real estate market. October’s MOI of 3.1 suggests a shift toward a seller’s market, meaning fewer choices and higher competition for buyers. Condos in the GTA Toronto Real Estate Market: Sales:  Up 32% year-over-year New Listings:  Up 4% Active Listings:  Increased 20% year-over-year Average Price:  $713,546 (down 2% year-over-year) Median Price:  $640,000 (down 4% year-over-year) Months of Inventory (MOI):  5, indicating a balanced GTA Toronto real estate market for condos. With prices relatively stable and moderate declines year-over-year, the GTA Toronto real estate market for condos remains attractive. However, the balance between demand and inventory suggests that condo prices could strengthen as demand sustains in the coming months. What This Means for GTA Toronto Real Estate Market Participants For Buyers:  Now could be an advantageous time to enter the GTA Toronto real estate market before potential price increases in the spring. With inventory starting to tighten, securing a property now may help avoid stiffer competition later.  For Sellers: With demand returning to the GTA Toronto real estate market, listing a property now can be strategic. Sellers can benefit from the reduced MOI, as well as a heightened interest among buyers aiming to make a purchase ahead of spring. For Investors: The strengthening MOI and rising sales in the GTA Toronto real estate market suggest a favorable environment for long-term investments. With demand rising, investors in both houses and condos may see promising returns. Stay Informed and Take Action in the GTA Toronto Real Estate Market! As the GTA Toronto real estate market continues to heat up, staying informed is essential. Whether you’re looking to buy, sell, or invest, consulting with experts can help ensure that you’re making the right moves in this dynamic market. Reach out today to discuss how these trends in the GTA Toronto real estate market could align with your real estate goals. LUCKY HOMES REALTY 5928 Finch Ave E #220 Toronto, Ontario M1B5P8 info.luckyhomesrealty@gmail.com 416-297-5555

Why Now Is the Time to Buy or Sell with Lucky Homes Realty While Interest Rates Are Going Down As we approach the end of 2024, the Bank of Canada has once again lowered interest rates, creating a unique window of opportunity for both buyers and sellers. With the overnight rate now sitting at 3.75%, real estate markets across Ontario are buzzing. Whether you're looking to purchase your first home, upgrade to a larger property, or consider selling, this is the perfect time to make your move. At Lucky Homes Realty, we’re here to guide you every step of the way as interest rates continue to decline. The recent 50 basis point cut by the Bank of Canada has made borrowing more affordable, sparking renewed interest in the housing market. Economists predict that rates could drop even further in 2025, which could lead to rising home prices as more buyers flood the market. Buy or sell with Lucky Homes Realty while interest rates are going down  to take full advantage of these favorable conditions before prices escalate. For buyers, lower interest rates mean reduced monthly mortgage payments, enabling you to afford more home for your money. If you're a seller, you’ll likely benefit from increased demand as more potential buyers enter the market due to these lower borrowing costs. Acting now ensures you’re ahead of the crowd, locking in the best possible deal before rates and prices shift. How Lower Interest Rates Impact the Market Interest rates play a significant role in shaping the real estate market. As rates decrease, buyers gain more purchasing power. Here’s why: Affordable Mortgages: With the overnight rate at 3.75%, mortgage rates are lower, making homes more affordable for buyers. Increased Demand: Lower borrowing costs typically lead to more buyers entering the market, which can drive up competition for properties. Higher Home Values: When more buyers are looking for homes, sellers can often fetch higher prices for their properties. This is why it’s crucial to consider selling now, before prices increase. Whether you’re thinking about buying a new home or selling your current one, buy or sell with Lucky Homes Realty while interest rates are going down to maximize your financial benefits. Next Steps: What You Should Do Before Interest Rates Change Again The Bank of Canada's next announcement is scheduled for December 11, 2024, and experts predict that further rate cuts could be on the horizon. However, waiting too long to act might mean missing out on the best rates and deals in the current market. Home prices tend to rise when interest rates fall, so if you’re looking to make a move, now is the time. For Buyers:  If you’ve been considering purchasing a home, now’s the time to secure a lower mortgage rate. At Lucky Homes Realty, we’ll help you find the perfect property and navigate the financing process to lock in the best rate available. For Sellers:  Thinking about selling? The demand for homes is increasing, and we can help you sell your property for top dollar. With lower rates attracting more buyers, you could see faster sales and better offers. Conclusion With interest rates trending downward, the real estate market is more accessible than ever. Don’t miss this opportunity to buy or sell with Lucky Homes Realty while interest rates are going down . Our team is ready to assist you with all your real estate needs, ensuring you make the most of this market shift. Get in touch today to explore your options and make your next move with confidence! Contact: Ready to make your next move? Contact Lucky Homes Realty Brokerage in Scarborough, ON at 5928 Finch Ave E, Scarborough, ON M1B 5P8 for expert advice and insights into the ever-changing GTA real estate landscape! LUCKY HOMES REALTY Real Estate Brokerage in Scarborough, ON 5928 FINCH AVE E #220 Scarborough, ON M1B5P8 info.luckyhomesrealty@gmail.com 416-297-5555

Narrow Lots You Can Buy in Downtown Toronto As urban living evolves, so do the housing solutions available to city dwellers. One exciting trend gaining traction is the rise of narrow lots. If you're looking to invest in downtown Toronto, narrow lots you can buy present a unique opportunity that combines modern design with the convenience of urban life. Scandinavian-Inspired Luxury: Redefining Urban Luxury on Narrow Lots As available land in the GTA Toronto becomes harder to find, these homes offer a smart solution—delivering high-end living in a more compact, efficient footprint. Looking for a luxury narrow lot home in Downtown Toronto? Whether you’re interested in an architect-designed property or one to buy and flip, we’re here to help make your vision a reality! Why Consider Narrow Lots? Narrow lots, typically defined as properties under 25 feet wide, are becoming increasingly popular in densely populated areas like downtown Toronto. With land scarcity on the rise, these compact properties provide a smart solution for homeowners who want to enjoy upscale living without requiring a large footprint. Innovative Design and Sustainable Living One of the standout features of narrow lots is the innovative design potential they offer. Architects and developers are creating homes that maximize vertical space while maintaining aesthetic appeal. Expect open-concept layouts, large windows that invite natural light, and energy-efficient features that make these homes as eco-friendly as they are stylish. Urban Convenience at Its Finest For those who thrive in bustling city environments, narrow lots provide the perfect blend of luxury and convenience. Located close to essential amenities, public transit, and vibrant neighborhoods, these homes elevate your lifestyle right in the heart of the city. Whether you're heading to work, enjoying a night out, or exploring local parks, everything you need is just a stone's throw away. A Forward-Thinking Approach to Real Estate As downtown Toronto continues to grow, narrow lots represent a forward-thinking response to land scarcity. These properties keep luxury living at the forefront while providing innovative solutions for modern homeowners. For those seeking high-end homes that align with urban living, narrow lots are definitely worth considering. Explore Your Options If you're interested in the advantages of narrow lots you can buy in downtown Toronto, now is the time to explore this growing market. Whether you're seeking a beautifully designed property or a potential investment, narrow lots offer something for everyone. Contact Us Today! Ready to discover the possibilities of narrow lots in downtown Toronto? Our team is here to guide you through your options and help you find the perfect property that fits your lifestyle and investment goals. Don't miss out on the chance to own a piece of this vibrant city—contact us today! Featured project by La Shed Architects Duplex Chateaubriand | Les Interstices | Les Passerelles | Maison Ahuntsic | Maison de Bullion | Maison Durocher | Maison Garnier | Maison NDG | Maison Saint-Christophe LUCKY HOMES REALTY Real Estate Brokerage 5928 FINCH AVE E #220 TORONTO, Ontario M1B5P8 info.luckyhomesrealty@gmail.com 416-297-5555

How to Become a Homeowner in Ontario and how this Homeownership Program Can Help You Secure Your First Home Are you dreaming of owning your first home but struggling to save enough for a down payment? Discover How to Become a Homeowner in Ontario  with the Homeownership Program! 🏡 With 5% down payment assistance, this program makes it easier for first-time homebuyers to step into the property market and turn that dream into reality. What is the Homeownership Program? The Homeownership Program offers 5% down payment assistance  to qualifying new homeowners. This financial assistance comes in the form of a forgivable loan, meaning that if you own your home for at least 20 years , the loan will be completely forgiven—no repayment required! For example, if you're purchasing a home priced at $340,000 or less , the program will provide a 5% down payment , which is $17,000 . This can significantly reduce the financial burden of upfront costs when buying a home. Who is Eligible? To qualify for this program, you must: Have an annual income of $82,000 or less Be purchasing a home valued at $340,000 or less If you meet these criteria, you could receive the 5% assistance and be well on your way to homeownership. How Does the Forgivable Loan Work? The 5% down payment  is provided as a forgivable loan . This means: If you own your home for at least 20 years , the loan is forgiven, and you owe nothing back. If you sell your home before the 20-year period, you may be required to repay the loan. This is a great opportunity for first-time homebuyers who plan to stay in their homes long-term, as it allows them to build equity without the worry of repaying the loan. Why This Program is a Game-Changer Buying a home can be tough, especially in today’s competitive market. The Homeownership Program provides much-needed relief by reducing the amount of upfront cash you need. With housing prices rising, this program allows those with modest incomes to still take advantage of homeownership. How to Get Started To verify your eligibility or to learn more about funding availability, you can contact the housing office at 1-800-265-3022 . They’ll guide you through the application process and provide all the information you need to get started. If you’re thinking of buying a home and are eligible for this program, don’t wait! This could be the key to unlocking your future as a homeowner. Conclusion The Homeownership Program  offers an incredible opportunity for first-time homebuyers who meet the eligibility criteria. With 5% down payment assistance  and the potential for a forgivable loan , this program removes one of the biggest barriers to homeownership—saving for a down payment. Take advantage of this chance to make your dream of owning a home a reality. For more information and to check your eligibility. https://www.brucecounty.on.ca/services/human-services/homeownership-program Contact the housing office today at 1-800-265-3022!

Choose an Agent You Can Trust with Lucky Homes Realty: Expert Real Estate Advisors in Toronto, Scarborough, Ajax & GTA Ontario Unlocking the Secrets of Real Estate: Your Guide to Success with Lucky Homes Realty At Lucky Homes Realty (formerly LAH Team Realty), led by Arul Sivasubramaniam, we simplify GTA real estate. Whether you're buying your first home, selling your property, or investing across the GTA with GTANewHome, understanding the basics will set you on the path to success. Dive into the exciting world of real estate with us! Real Estate Services - GTA real estate Our Real estate Service areas include residential homes , commercial properties , industrial spaces , and vacant land . At Lucky Homes Realty , we help you navigate opportunities in Scarborough , Toronto , Pickering , Whitby , Oshawa , and nearby areas like Ajax , Markham , Brampton , and Belleville . At Lucky Homes Realty , we pride ourselves on offering top-tier real estate services across the GTA, including Scarborough, Toronto, Ajax, Pickering, Whitby , and beyond. Whether you're looking for your dream home, an investment property, or a commercial space, our comprehensive listings cover a wide range of options to suit your needs. From townhomes  to vacant lots , and off-market listings , we ensure that our clients find the best opportunities. Visit our listings page   to explore available properties and start your real estate journey with us today! The Importance of Location " Location, location, location " is the golden rule of real estate. Our team, under the leadership of Arul Sivasubramaniam , knows how crucial it is to find properties in desirable neighborhoods like Toronto , Pickering , and Scarborough . We focus on areas with proximity to schools, parks, public transport, and local amenities to maximize your property’s value. Types of Real Estate We Specialize In: Residential Real Estate: Helping families find their perfect home in Whitby , Toronto , Ajax , and more. Commercial Real Estate: Investing in office buildings and retail spaces in Scarborough , Toronto , Windsor , and Mississauga . Industrial Real Estate: Identifying ideal spaces in Hamilton  and Guelph  for businesses to thrive. Land and Vacant Lots: From Tyendinaga  to Beaverton , our expertise in building and land lots helps you find potential for growth. Simplifying the Buying Process: Budget Planning: Understand your finances and know what you can afford. Lucky Homes Realty helps clients find properties that fit their financial goals. Work with Experienced Agents: Arul Sivasubramaniam  and the team have over 14 years of experience in Scarborough , Markham , Toronto , and across the GTA. Property Search: From Clarington  to Peterborough , our extensive database will lead you to your dream home. Offer & Negotiation: Our experienced team helps you navigate offers, ensuring you get the best deal possible. Closing: Once the deal is finalized, you’ll become a homeowner with Lucky Homes Realty  by your side. Selling Your Property with Lucky Homes Realty: Market Knowledge: Stay ahead of the curve with our deep insights into the Scarborough , Whitby , and Oshawa  real estate markets. Free Staging: We offer complimentary home staging to maximize your property’s appeal, helping it sell faster and at top dollar value. Effective Marketing: We utilize top platforms like GTANewHome.com  to ensure your property reaches a broad audience and attracts serious buyers. Investing in Real Estate with GTANewHome : Rental Properties: Tap into profitable rental markets in Markham , Pickering , Toronto , and Hamilton . Fix-and-Flip: Transform properties into profit-generating investments with our guidance in Oshawa , London , and Windsor . Land Investment: From Belleville  to Tyendinaga , we help you unlock the potential of vacant land and building lots. Lucky Homes Realty & GTANewHome: Premier GTA Real Estate Experts Wrapping Up: Whether you’re buying, selling, or investing in Toronto, Scarborough, Ajax, Whitby, Brampton, or other GTA cities, Lucky Homes Realty and GTANewHome provide expert guidance in GTA real estate, with Arul Sivasubramaniam leading the way.

Recognizing Insulation Issues and Budget-Friendly Fixes for a Cozy, Energy-Efficient Home With Lucky Homes Realty How to prepare your home for winter season: With summer behind us and fall in full swing, winter is just around the corner! Is your home, through Lucky Homes Realty, prepared for the colder months? Here are some signs of poor insulation and key factors to consider, not only for your comfort but also if you're a seller aiming to get top dollar for your home. COLD ROOMS Significantly colder spots in your home, especially in certain rooms or closets, are strong indicators of inadequate insulation. These chilly areas often stem from outdated building codes and standards that were in place when the house was originally constructed. Lucky Homes Realty can help you identify these issues to enhance your home's appeal. HIGH ENERGY BILLS Have you found yourself cranking up the heat or air conditioning, only to feel like your home isn’t warming up or cooling down properly? This could indicate that your HVAC system is losing air, impacting your comfort and energy bills. Fluctuating temperatures may signal this issue. If you're looking for energy-efficient solutions, consider reaching out to GTA NewHome for advice. FLUCTUATING TEMPERATURES If you’re stepping onto cold tiles in the kitchen or noticing that the downstairs is warmer than the upstairs, it could mean that heat is leaking through your home’s surfaces. Areas around large windows may also feel inconsistent in temperature, pointing to possible leaks and poor insulation. Consult with Lucky Homes Realty to ensure your home remains comfortable throughout the winter. BUGS AND RODENTS Regular sightings of mice or an influx of ants might indicate that pests are entering through the same gaps where heat is escaping. Check windows and doors for openings, or use a thermal leak detector to pinpoint these entry points. Lucky Homes Realty can guide you on how to keep your home pest-free. UNPLEASANT SMELLS Musty odors and damp smells can linger in your home due to inadequate insulation. Basements, particularly unfinished ones that have deteriorated over time, are often the main sources of leaks and moisture issues. Ensure your home stays fresh by addressing these problems with the help of GTA NewHome. THE SOLUTION The good news is that there are affordable solutions to address these issues. After pinpointing leaks and openings, you can use a caulking gun to fill interior gaps and spackle for exterior holes. For exposed pipes, pipe insulation foam can be effective as well. However, remember that some problems may require professional assistance. Contact Lucky Homes Realty today to start preparing for winter! We can connect you with the right professionals to help you fix your home and ensure it's ready for the colder months ahead. --- Feel free to modify further if needed!

Transform your living room to captivate potential buyers! 🌟🛋️💫 At Lucky Homes Realty, we understand that a beautifully staged living room sets the tone for the entire home. By highlighting key features and creating an emotional connection, your property will stand out and sell faster. Why Staging Your Living Room is Crucial Before Selling  🏡✨ • Heart of the Home ❤️ : The living room is where families gather and entertain. A well-staged room creates an emotional connection and makes the home more memorable. • First Impressions Matter 👀 : Buyers often see the living room first. A beautifully arranged space sets a positive tone for the rest of the home and invites potential buyers in. • Maximize Space & Functionality 📐 : Proper staging makes the room look larger and more functional, showcasing its full potential for lounging, entertaining, and more. • Appeal to a Wide Audience 🌟 : Neutral decor and modern furniture help buyers envision the space as their own, avoiding distractions from personal style. • Showcase Lifestyle Potential 🛋️ : Staging helps buyers imagine a desirable lifestyle, enhancing comfort, style, and functionality. • Highlight Key Features 🔍 : Use decor to draw attention to the room’s best features like large windows or unique elements, making them stand out. • Create an Emotional Connection ❤️ : A warm and inviting living room resonates with buyers, increasing the likelihood of a competitive offer. Ready to sell your home for top dollar?  Lucky Homes Realty offers free staging services to help you showcase your property’s full potential. We specialize in selling homes in Scarborough, Toronto, Pickering, Whitby, Oshawa, and the GTA. Contact Information Lucky Homes Realty 416-518-9782 luckyarulhomes@gmail.com