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Just Sold! – 13 Hickory Drive
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See the full listing and sold price by clicking on my website link here.
Buying and selling a home can be a complicated and stressful process. You need a knowledgeable and skilled agent like me to assist you with the sale of your property or the purchase of a new home.
Go to www.QuickHomeValues.ca For a FREE Home Market Evaluation Today!
I will diligently guide you through your real estate transactions from beginning to close.
Contact me today to discuss your real estate needs and in the meantime, check out your own Neighbhourhood News or for any other postal code in Canada!
 The real estate market inside scoop for the community you love. See homes that are for sale and have recently sold. Find out if home sales in your neighbourhood are trending up or down. See what homes around you are currently selling for. |
December 2022 Peterborough & Kawartha Lakes Market Update
Executive Home in Newer Subdivision of Rockwood (Guelph/Eramosa) Near Conservation For Sale
I am pleased to announce my listing at 13 Hickory Drive in Rockwood. This bungalow with loft is truly a must-see, with 3+2 bedrooms, 4 bathrooms, and a finished basement. The home also features a 2-car attached garage, providing plenty of space for all your storage needs.
Click This Picture To See 101 HDR Photos, 3-D Interactive Matterport Virtual Tour And More Details Of The Home!
The open-concept main floor boasts a spacious open-concept living room, dining room, and a professionally designed gourmet kitchen, making it the perfect space for entertaining. The kitchen is fully equipped with stainless steel appliances and plenty of counter space as well as a large island. The main floor also includes a master bedroom with a 5-piece ensuite spa-like bathroom and a very large walk-in closet. Contact me today to schedule a showing.
Click This Picture To See 101 HDR Photos, 3-D Interactive Matterport Virtual Tour And More Details Of The Home!
The finished basement with high ceilings is the perfect space for a family room or home office, with two additional bedrooms and a 3-piece bathroom. The cozy fireplace is the focal point in the entertainment room with a large pool table. Contact me today to schedule a showing.
Click This Picture To See 101 HDR Photos, 3-D Interactive Matterport Virtual Tour And More Details Of The Home!
The backyard is viewed from a large covered deck with ample space for extra seating, and a barbecue for summer entertainment. The 2-car attached garage provides ample space for your vehicles with the additional 2 parking spaces in the private driveway. Contact me today to schedule a showing.
Click This Picture To See 101 HDR Photos, 3-D Interactive Matterport Virtual Tour And More Details Of The Home!
Don’t miss out on this amazing opportunity to own a beautiful home in Rockwood. Contact me today to schedule a showing.
The real estate market inside scoop for the community you love. See homes that are for sale and have recently sold. Find out if home sales in your neighbourhood are trending up or down. See what homes around you are currently selling for.
Why Homebuyers must get a Mortgage Pre-Approval NOW!
Click NOW To Get That Mortgage Pre-Approval Without Delay!
If you plan to buy real estate this year at all, get a mortgage pre-approval right now! Don’t wait, do it now and at least have a rate locked in that the lender will honor for up to 120 days even if interest rates go up right after you receive said approval.
The Bank of Canada has plans to make at least two-(2) interest rate announcements this quarter on January 25th and March 8th respectively. We aren’t certain of what will be announced but it’s fair to assume that another rate increase is very possible.
In general, it is a good idea for home buyers to get pre-approved for a mortgage before they start looking for a home. A mortgage pre-approval is a commitment from a lender to provide you with a home loan for a specific amount, based on your financial situation.
It is important because it helps you understand how much you can borrow and what your monthly payments will be. It also gives you a competitive edge when you are making an offer on a home, as it shows the seller that you are a serious and qualified buyer.
If you are considering buying a home, it is a good idea to speak with a lender and get pre-approved for a mortgage as soon as possible. The lender will review your financial situation and help you determine how much you can borrow and what your monthly payments will be. This will give you a better understanding of what you can afford and help you narrow down your search to homes that are within your budget.
A Look Back At The 2022 GTA Housing Market
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Home Sales & Listings Down While Selling Price & Rent Up
TORONTO, ONTARIO, January 5, 2023 – 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.
Interest Rates & Mortgage Stress Test
“Following a very strong start to the year, home sales trended lower in the spring and summer of 2022, as aggressive Bank of Canada interest rate hikes further hampered housing affordability. With no relief from the Office of Superintendent of Financial Institutions (OSFI) mortgage stress test or other mortgage lending guidelines including amortization periods, home selling prices adjusted downward to mitigate the impact of higher mortgage rates. However, home prices started levelling off in the late summer, suggesting the aggressive early market adjustment may be coming to an end,” said new Toronto Regional Real Estate Board (TRREB) President Paul Baron.
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Total Number Of Sales With Seasonally Adjusted Figures
There were 75,140 sales reported through TRREB’s MLS® System in 2022 – down 38.2 per cent compared to the 2021 record of 121,639. The number of new listings amounted to 152,873 – down 8.2 per cent compared to 166,600 new listings in 2021. Seasonally adjusted monthly data for sales and price data show a marked flattening of the sales and price trends since the late summer.
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Total Residential Transactions With Seasonally Adjusted Figures
“While home sales and prices dominated the headlines in 2022, the supply of new listings continued to be an issue as well. The number of homes listed for sale in 2022 was down in comparison to 2021. This helps explain why selling prices have found some support in recent months. Lack of supply has also impacted the rental market. As renting has become more popular in this higher interest rate environment, tighter rental market conditions have translated into double-digit average rent increases,” said TRREB Chief Market Analyst Jason Mercer.
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Average Selling Price With Seasonally Adjusted Figures
The average selling price for 2022 was $1,189,850 – up 8.6 per cent compared to $1,095,333 in 2021. This growth was based on a strong start to the year, in terms of year-over-year price growth. The pace of growth moderated from the spring of 2022 onwards.
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Total New Listings With Seasonally Adjusted Figures
“As we look forward into 2023, there will be two opposite forces impacting the housing market. On the one hand, we will continue to feel the impact of higher borrowing costs. On the other hand, record levels of immigration will support demand for ownership and rental housing, while we struggle to come to terms with a housing and infrastructure deficit in the Greater Golden Horseshoe. These themes will be discussed in TRREB’s upcoming Market Outlook and Year in Review report to be released in early February,” said TRREB CEO John DiMichele.
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Property Days and Listing Days On Market
December 2022 Results
- There were 3,117 sales reported through TRREB’s MLS® System in December 2022 – down 48.2 per cent compared to December 2021.
- New listings totalled 4,074 – down 21.3 per cent compared to 5,177 in December 2021.
- The MLS® Home Price Index Composite benchmark was down 8.9 per cent on a year-over-year basis in December 2022.
- The December average selling price, at $1,051,216, was down by 9.2 per cent compared to the December 2021 average of $1,157,837.
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