Loreiro Real Estate

The June market report is out, swipe for a snapshot! 📊⁠
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Higher borrowing costs continued to impact home sales in June⁠
2022. In the GTA overall, sales were down by just over 40% totalling 6,474 (with 2,422 taking place in Toronto). This is a decrease from May, which follows the seasonal trend of the summer market. ⁠
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With an average sale price of $1,146,254, the GTA continues to trend lower on a monthly bases but still higher relative to June 2021 (5.3%). The average home price in Toronto currently sits at $1,152,175 which is closer to the early 2022 average. Annual price growth was driven more so by less expensive market segments, including townhouses and condominium apartments.⁠
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According to TRREB Chief Market Analyst Jason Mercer, "Listings will be an important indicator to watch over the next few months. With the unemployment rate low, the majority of households aren't in a position where they need to sell their home. If would-be sellers decide to take a wait-and-see attitude over the next few months, it's possible that active listings could trend lower⁠
as well. This could cause market conditions to tighten somewhat, providing some support for home prices"

Our latest international property feature is a luxurious apartment just a short drive to downtown Lisbon, the other way to the beaches and Cascais. ⁠
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This suite is part of the new apartments in the Alto de Alges (Alges Heights) neighbourhood - construction of this block of 21 south-facing apartments has just finished. This is a modern, gated condominium with expansive views over the river Tejo and, to the west, the ocean. All units have high-spec finishes and contain SMEG equipped kitchens. There is also underground secured parking, underground storage, a condominium pool and gym. ⁠
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Featuring scenic views of Atlantic Portugal, an international gem that is sure to take the breath away of anyone who walks out onto the larger than life patio. Presented by

Ever wondered what it's like to purchase a property in NYC? You're in luck - we've got you covered!⁠
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Head over to our blog and watch our interview with Anne Flanagan of . Anne is a President’s Circle Award winner ranking in the top 5% of all Realtors in the US for Berkshire Hathaway HomeServices and a Certified Luxury Specialist; needless to say, she's an NYC real estate pro. She talks about the current market conditions in New York City as well as the process of purchasing as a foreigner, and the best places to invest in the city. ⁠
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Visit the link in our profile to read the post!⁠