2022 GTA Housing Market – Year in Review
Home Sales and Listings Down While Selling Price and Rent Up The Greater Toronto Area (GTA) housing market experienced a marked adjustment in 2022 compared to record levels in 2021.…
Bank of Canada Raises Rate Again to 4.25%
Central bank has raised policy rate 7 times this year in battle against inflation The Bank of Canada raised its benchmark interest rate by 50 basis points on Wednesday, to…
Average Selling Price Levels Off, Home Sales and New Listings Down in November
Homeownership market activity in November continued to be influenced by the impact of higher borrowing costs on affordability. Sales were down markedly compared to the same period last year, following…
New Listings Down While the Average Selling Price in the GTA Levels Off in October
Home sales continued to decline in the Greater Toronto Area in October, while the average selling price stayed flat as fewer new listings hit the market, data from the Toronto…
Bank of Canada Increases Target Interest Rate by 50 Basis Points
The Bank of Canada recently raised its target interest rate by 50 basis points, the sixth interest rate hike this year. What do these rate hikes mean for homeowners? According…
Bank of Canada Hikes Key Interest Rate to 3.25%
Today, the Bank of Canada announced a 0.75% increase to its key overnight rate, bringing it to 3.25%. The increase is the fifth this year; at the start of the…
Toronto Real Estate Market Update – July 2022
The Toronto Regional Real Estate Board (TRREB) reported 4,912 home salesIn July 2022 – down by almost half (47%) compared to July 2021. Market conditions remained much more balanced in…
Bank of Canada Announces 1% Rate Hike in July 2022
Many pundits expected the Bank of Canada to increase their interest rates in the general announcement. However, the nation’s central bank stunned the entire financial world by announcing a supersized…
Justo Now Working with Walmart Canada to Offer $500 Promotion
Justo Brokerage offers home buyers & sellers hundreds of dollars with their newest promotion. Justo Real Estate Brokerage is now offering a promotion with brick and mortar giant Walmart Canada…
The First-Time Home Buyer Incentive Makes Buying a House in Canada Cheaper Than Ever
Announced at the beginning of the year, Canada's First-Time Home Buyer Incentive (FTHBI) is now active. This down payment incentive will make it easy for thousands of first-time homeowners to…