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…
Foreign Buyer Ban – What You Need to Know
Foreign Buyer Ban Took Effect January 1, 2023 The Foreign Buyer Ban, or more formally the Prohibition on the Purchase of Residential Property by Non-Canadians Act, takes effect January 1,…
GTA home sales in September down 44% from last year, new listings lowest in 20 years
The Toronto Regional Real Estate Board (TRREB) reported that the GTA housing market continued its adjustment to higher borrowing costs in September 2022. Sales for the month reached 5,038, but were down by 44% compared to September 2021. New listings were also down on a year-over-year basis by 16.7% to 11,237. This is the lowest number of new listings reported for September since 2002.
The New Alternative Real Estate Brokerages Shaking Up the Market
As the real estate market becomes more modern, clients are looking for new ways to navigate the process of buying and selling their homes. Traditional brokers like RE/MAX or Royal…