Winston Mak Sales Representative

Winston Mak Sales Representative

Winston Mak's blog

Will Condos Make A Comeback In 2021?!

So, we've all heard at this point that the condo market has been hit relatively hard due to the pandemic since March but how do you guys feel if I predict that bounce-back year in 2021?

Real Estate Market During COVID-19, What's happening?!?!

Hey all, sorry I haven't posted a in while but I'm back! 

First off, we've all seen or heard that the real estate industry is listed as an essential service and I agree with this status, however, it's definitely not business as usual! We're still operating at a limited capacity basically to finish up or facilitate deals that are necessary to keep people from being homeless during this time period. So with that said, yes I'm still working from home!

November 2019 Numbers Year Over Year - Huge Improvements!!

2019 sure has been a bounceback year for Toronto real estate!

September 2019 Market Watch - Toronto

The question I get asked the most (almost daily) is "How's the market like?". They say a picture is worth a thousand words so I've attached a photo for all of you to see for yourselves. Obviously, looking solely at number and figures can only go so far and that's not what people want to know when speaking with me and asking me for advice. So here's what I think is happening with the current market from September to now.

Bank of Canada Eases Mortgage Rules (Slightly)

Hey everyone, been a while since my last post but finally some good news has come out of the Bank of Canada that definitely relieves some of the crunch potential buyers and home owners have been feeling the past two years. With the bank's qualifying rate dropping from 4.74 to 4.64, it's not a significant drop but still the first drop since early 2018. It seems the government is trying to stimulate a relatively stale market the past year and a half with the introduction of the first-time homebuyer program set to come out this September and this announcement of a rate drop.

May 2019 TREB Stats Are In! What do the figures mean?

Beautiful warm weather is FINALLY upon us (for the most part). Joking aside, just got my hands on the new statistics from the Toronto Real Estate Board showing some general trends and I'm here to help you understand what they mean.

Exciting News, Brokerage Change!

Sorry for not posting in my blog earlier but you may have noticed that I've recently changed brokerages from Homelife to Re/Max!

First-Time Home Buyers Finally Getting Some Relief?

So some of you may have heard the news last week about the new CMHC First-Time Home Buyer Incentive apparently set to help first-time home buyers purchase their first home. The general gist of the plan is that eligible Canadians (those who do not have 20% down payment and applying for insured mortgages) may be able to make their first purchase with only 5% down payment while receiving an incentive of up to 10% of the home price, effectively lowering the mortgage amount. The 10% would be for buyers purchasing newly built homes and 5% for existing homes.

First-Time Home Buyers Being Penalized

Happy Belated Lunar New Year everyone and wishing everyone a healthy and prosperous year!

Market Slowdown in December 2018?!

Happy New Year everyone! This is my first blog post on this website and what better time to do so than early on in 2019!

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