As expected The bank of Canada has raised its policy interest rate by 25 basis points to bring their new rate to 4.5%. My name is Ivaylo Stoyanov from the Stoyanov Group and in this video we will go over the most recent interest rate hike and what it means for your plans to buy, sell or invest.

Fixed rate are determined based on how the 10 Year Bond Yield is moving and locks in a stable rate for mortgage holders for a certain period of time. In my opinion, the time for locking in a fixed rate is over as we are extremely close to reaching the target terminal rate for the bank of Canada which 4.5% and we are currently sitting at 4.25%.

I truly believe that 2023 is going to be a balanced market but what does that mean for you as a seller thinking about putting your home on the market in 2023? In this video we are going to talk about the opportunity that you as a seller have, by listing your home in the first 90 days of 2023.

Low inventory levels are keeping housing prices pretty stable for the last 2-3 months so unless we see big changes there, we should not see much change in housing prices or maybe a slight decrease. If you are a home buyer, with the increase in interest rates, your affordability will be unfortunately affected negatively.Even though there is always more negative than positive when it comes to interest rate increases, let’s jump into what we can expect moving forward, as that might bring a light at the end of the tunnel.

Many people were already anticipating that the Bank Of Canada will raise interest rates in their September meeting, the only question was by how much? I am sure by now you are well aware that the bank of Canada raised their interest rate by 75 basis points to bring the overnight rate to 3.25%. The biggest takeaway from the announcement was that the bank of Canada said they will most likely need to tighten further in order to bring inflation down.

For example, you are looking to buy a house in 2023 and you are finally mentally ready to start looking, you give me a call and after a few short minutes and 5 questions later, I let you know that even though you are mentally ready to buy a home, the bank may not think the same. Maybe we need to work on your credit, maybe we need to work on your downpayment, maybe you need to wait for that promotion, there are so many variable that go into buying a home. Remember, understanding the entire home buying process before you start your home search is more important than just looking at listings online, especially if you are a first time home buyer.

I am continuously seeing this mistake over and over again and its time that we address it. Based on statistics, most first time buyers will purchase a home between 500k-800k and even though I know many are following top headlines and news, if you are not in the industry you may be missing some key information that will would most likely impact your decision to buy.

Let's jump into an example right away!
Average Sale Price in the GTA - $1.33m
Average Interest Rate - 1.3%
20% Downpayment

Before we start looking for a great investment we need to answer a few questions:
1. What kind of investor are you?
2. What is your main investment goal?
Before we get into answering those two questions we need to answer when is the best time to buy an investment and is that time now?

Have you said the above statement? Know someone that has? I know that I have, on multiple occasions. How accurate or not accurate is this statement? Let's dive into the economic factors associated with raising interest rates!

In this video we are going to take a look at where our local Toronto and GTA market might be headed with respect to some of the main factors that drive price in our market. We will also take a look at similar scenerios with similar circumstances and see how those markets responded with respect to price.

In this video we are going to answer some of the questions around whether it is a good idea to be buying or selling in 2021. We will also take a look at the difference in buying and selling in both the freehold and condo market and what are some of the factors that could affect your decision.

In this video we are going to go over the different variables that go into pricing out a home CORRECTLY. Many people just take a look at what their neighbouts sold for and that is simply not enough. Whether you are doing it yourself or your getting a realtor's help, make sure that these variables are being used in your calculations.

In this video we are going to take a look at 2020 as a whole and see the different variables that affected real estate and how we concluded the year. It's always important to look at the numbers as well as what has happened in previous years to determine how the same factors could affect real estate in future markets.

In this video we are going to take a look at what it means to buy OFF-MARKET, how you would do it, what platform to use, who can do it and why you as the buyer or seller would benefit from doing this.

In this video we are going to take a look at the main 2 reasons why our real estate market has been absolutely on fire and a few of the factors that affect it. How does this benefit you as a buyer or seller?

In this video we are going to take a look at how the freehold real estate market compared to the condo real estate market in 2020 and what are some of the factors that affected the prices. We will also take a look at how the current market is doing in both sectors and where they may potentially be heading.

In this video we are going to take a look why you should get a pre-home inspection if you are looking to put up your home on the market as the seller. Many people think that only the buyers should do a home inspection however in this video we are going to talk about the benefits of a pre-home inspection to the sellers.

In this video we will be going over how the top real estate agents use social media and google to get your listing in front of more people which results in more potential buyers which results in more money for your home. This is a MUST DO when listing your home if you want to sell for maximum price!