All Forum Posts by: Daniel Ghaffar

Thank you for the guidance Kam. I have been actively looking for the right home at the right price and will continue to do so. One came along and sold almost immediately and I'm not wanting to settle for a town house or semi unless its very attractive. I'm focusing on Durham region and inventory levels are quite low which means a lot of people like myself that are qualified to buy are jumping on the right home almost immediately. I have been watching the stock market and did some light trading and was surprised to see a jump. I guess once the restrictions ease, the market will show strong signs of recovery. This may happen sooner than later given small businesses being opened up again. I wonder if real-estate will continue down this path or rebound strongly. Either way I will continue my search and hopefully patience will pay off as I have been waiting to buy for the past year or so.

Times are tough but my business has not seen the slowdown that many have (yet). I am accustomed to working from home as I have been doing so since I started my company a few years back. I have saved up enough for a large down payment and have been looking for a home since Jan/Feb 2020 but now that everything is the way it is, I'm wondering if I should wait for more "adjusting" in prices or act now before spring / summer brings on a new wave of buyers. Would anyone have advice for where they see the Toronto GTA (DURHAM) region market going for single family detached homes? I'm looking to purchase a home to be my primary residence and just would like to know if this is the right time or if there is a reason I should want for the market to go though further adjusting. From what I have noticed, there is very little inventory on the market and homes are selling for asking price or a few thousand less. Only 5% of homes are selling for above asking (given they have something special about them).