Masoud Arjmandfar Real Estate

01/21/2024

Please Don’t accept any friend request from my fake account!

01/21/2024

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08/19/2023

The Price of New Condominiums in Greater Toronto Area Drops for First Time in a Decade
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The average price of a new condominium in the Greater Toronto Area (GTA) has dropped by 2.2%, marking the first annual price drop in 10 years. New condo sales in the GTA dropped by 35%, with 4,610 units sold, which is a decade low. Developers launched 27 pre-sale projects in the second quarter of 20...

08/12/2023

Rising interest rates a factor as new homes sales dip in GTA: BILD
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The Building Industry and Land Development Association (BILD) reported that new home sales in the Greater Toronto Area (GTA) were up 32 percent from June 2022, but still 30 percent below the 10-year average. This is due to the Bank of Canada's series of interest rate hikes, which have caused prospec...

08/06/2023

Ontario caps rent increases below the rate of inflation
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The Ontario government announced a rent increase cap of 2.5% for 2023, significantly lower than the 5.3% that landlords would normally be able to raise rent due to the high rate of inflation. This cap will apply to approximately 1.4 million rental units covered by the Residential Tenancies Act, but....

07/29/2023

TRREB: Condo Sales in the GTA Climb While New Listings and Prices Drop
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The Toronto Regional Real Estate Board (TRREB) reported that condo sales in the GTA (Great Toronto Area) have increased while new listings and prices have dropped. With more competition between buyers, the average condo selling prices should climb above last year's levels in the second half of 2023....

07/20/2023

Canada's Housing Affordability Soars

Masoud Arjmandfar is a real estate agent with LSG Realty. Check out Masoud Arjmandfar's listings or office listings.

06/24/2023

GTA housing market demand heats up
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The Greater Toronto Area housing market saw an increasing demand in May, with 9,012 sales - a 5.3% monthly and 24.7% annual increase. However, new listings were down 18.7% during the same period, creating competition between buyers and pushing up the average selling price to nearly $1.2 million. TRR...

06/18/2023

It's time for full rent control in Ontario
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The Doug Ford government passed two bills, More Homes Build Faster Act and Helping Homebuyers Protecting Tenants Act, in 2022 and 2023 respectively, in an effort to tackle the housing crisis in Ontario. While these bills are said to build 1.5 million homes in the coming decade, they have the potenti...

06/11/2023

Q1 Greater Toronto Area high-rise land sales fall over 50% - Real Estate News EXchange
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Ben Myers is the president and owner of Bullpen Research and Consulting. According to their latest GTA High Rise Land Insights Report, transactions for high-density land in the Greater Toronto Area are down over 50% from 2022. The report suggests that activity is not likely to pick up anytime soon,....

05/29/2023

Steps to Take Before Buying a Rent-to-Own Home

Masoud Arjmandfar is a real estate agent with LSG Realty. Check out Masoud Arjmandfar's listings or office listings.