CBC News: Say Hello to Cashback Real Estate
For years, the traditional real estate model has operated on a system of high commission fees, often leaving both buyers and sellers feeling like they're losing a significant chunk of…
GTA Real Estate Trends for Homebuyers: Surprising Insights from February 2023
To help you navigate the ever-changing GTA real estate market, we are exploring some GTA real estate trends from the data collected in February 2023. The market experienced a substantial…
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,…
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.…
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.
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…
How Much Does it Cost to Build a House in Ontario?
Building your own house in Ontario is a huge step, especially if you’re designing your dream home. You need to make countless decisions that impact the functionality and appearance of…
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