2023 GTA Real Estate: Strong Start, Affordability Challenges
The Greater Toronto Area (GTA) real estate market began 2023 as it ended 2022, with similar sales and average selling price numbers in January compared to December. Despite this, both…
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…
Real estate or property development. Construction business investment. Home mortgage loan rate. Hand putting coin in currency glass jar with Coin stack, banknotes, house and crane models on the table.
Top 5 Reasons to Buy Pre-Construction
Top 5 Reasons to Buy Pre-Construction In Toronto’s ever-changing real estate market, investing in a pre-construction condo still remains a lucrative long-term opportunity. When you look beyond the quick wins…
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…
How Much Down Payment For A Condo In Toronto
Toronto is one of the hottest real estate markets in Canada, which is one of the reasons why property prices keep increasing in this region. While the city has all…