Ashu  Gupta

Ashu Gupta

Your Real Estate Consultant for Life

(647) 229-6841
Deepak  Gupta

Deepak Gupta

Your Real Estate Consultant for Life

Royal LePage Flower City Realty Inc., Brokerage*

(647) 236-6841
Email Me

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Deepak Gupta's blog

What’s Behind Your Mortgage Rate

Buying a home is probably the biggest purchase you’ll ever make. If you’re like most people, you won’t pay cash—you’ll borrow most of the money by taking out a mortgage. And over the life of the mortgage, you’ll pay a lot in interest.

Small changes in interest rates can make a big difference in how much you’ll pay. So it’s important that you understand what determines the interest rate on your mortgage, even if you already own a home.

Many factors go into the interest rate you pay.

1. Some factors are part of the cost of all mortgages

Think of a mortgage as a product you buy. Any business...

Tips for Younger Home Buyers

If you belong to a younger demographic, such as Generation Z, you might be pondering whether owning a home is feasible given factors like inflation, escalating home prices, and mortgage rates. While the current housing market presents challenges for first-time buyers, achieving homeownership is still possible, particularly with guidance from professionals.

Consider the following recommendations that a knowledgeable advisor might offer:

1. Investigate Down Payment Options:

If saving for a down payment poses a significant obstacle, numerous down payment assistance programs are available to...

Market Report & Analysis-Mar 2024 & Future Outlook


In March 2024, home sales reported through TRREB’s MLS® System dipped compared to the same period in 2023. This decline can be attributed, in part, to the timing of the statutory holiday Good Friday, which fell in March this year as opposed to April last year. Despite a more abundant supply of homes on the market compared to the previous year, there was still enough buyer competition to drive a moderate increase in the average home price for March compared to the same month last year.

+ Overall MLS Sales Activity & New Listings: 

In Greater Toronto Area (GTA), REALTORS® reported...

Is It Time to Move Despite Mortgage Rate Hikes?

Is It Time to Move Despite Mortgage Rate Hikes? Here's What Homeowners Are Saying

In recent years, many homeowners hit the pause button on their plans to move when mortgage rates surged. The fear of taking on a higher mortgage rate for their next home deterred them from selling. But as the market evolves, is sticking to this strategy still the right move?

According to data, more homeowners are reconsidering their stance on moving amidst current market conditions. Mark Zandi, Chief Economist at Moody's Analytics, suggests that life events and job changes are prompting some homeowners to...

Why Seller Should Not Overprice The House To Sell

If you're gearing up to sell your home, the spring season might seem like the perfect opportunity – and you're not mistaken. The current real estate landscape favors sellers, with a scarcity of homes for sale contributing to a seller's market. Historically, spring sees an influx of buyers and heightened competition, making it an optimal time to list your property.

However, despite favorable conditions, it's crucial to approach pricing your home strategically. Overpricing can have detrimental effects in the long term.

The Risks of Overpricing Your Home

Your asking price communicates a...

Market Report & Analysis-Feb 2024 & Future Outlook

The numbers for the month of February 2024 were out much earlier but it certainly took me a while in analyzing and presenting them before you. Here is the Real Estate Market Report and Analysis for Feb 2024 for GTA.

Analysis: Market Report-FEB 2024:

If you're keeping an eye on the real estate market in the Greater Toronto Area (GTA), you'll be interested to know that home sales and new listings have shown promising growth in February 2024. This surge is indicative of a resilient regional economy and a population boom, which continue to underpin the demand for housing. However, higher...

Navigating the Competitive Housing Market: 4 Tips for Making Your Best Offer

Navigating the Competitive Housing Market: 4 Tips for Making Your Best Offer

Are you gearing up to buy a home soon? In today’s real estate landscape, the market is fiercely competitive, with low inventory leading to multiple-offer situations. As we head into the peak homebuying season this spring, it's crucial to be prepared. Here are four tips to help you make your best offer and secure your dream home:

1. Associate with a Real Estate Agent: Working with a knowledgeable real estate agent can give you a significant advantage. These professionals are experts in the local market, providing...

Why There Won’t Be A Recession That Pulls Down The Real Estate Market

There’s been a lot of recession talk over the past couple of years. And that may leave you worried we’re headed for a repeat of what we saw back in 2008. Here’s a look at the latest expert projections to show you why that isn’t going to happen.  

According to Jacob Channel, Senior Economist at LendingTree, the economy’s pretty strong:

“At least right now, the fundamentals of the economy, despite some hiccups, are doing pretty good. While things are far from perfect, the economy is probably doing better than people want to give it credit for.”

That might be why a recent survey from the Wall...

Bank of Canada holds interest rates for the 5th straight time!

The mortgage interest rates have been the focal point of the stability of Canadian real estate market for years. While decreasing interest rates during Covid times meant bliss for many, the increasing interest rates starting 1st week of March 2022 spelt disaster for most except the prudent investors. Two years have passed ever since and the general public who have invested in real estate since 2020 is still hopeful of the Federal Govt. to play euphemistically.

On March 6, 2024, the Bank of Canada made a strategic decision to maintain its key interest rate at 5%, a move that holds...

Enhancing Buyer Engagement: Navigating Access Options for Selling Your Canadian Home This Spring

Enhancing Buyer Engagement: Navigating Access Options for Selling Your Canadian Home This Spring

As you prepare to sell your Canadian home this spring, a pivotal early discussion with your agent revolves around deciding the level of access you're comfortable granting potential buyers. Ensuring your home is easily accessible holds significant importance, especially in the context of the dynamic Canadian real estate market.

Spring marks the peak homebuying season in Canada, and providing ample showings can substantially impact your ability to leverage the heightened buyer activity during...

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