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…
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…
5 Year Forecast Shows Canadian House Prices are to Rise
A five-year forecast by Moody’s Analytics shows prices rising all over the country apart from in two cities. Moody’s forecast used RPS Real Property Solutions data and predicted that Canadian…