GTA AUGUST MARKET: SALES UP, LISTINGS SURGE
The Greater Toronto Area (GTA) housing market saw a lift in sales this August compared to last year, but the real story is the significant increase in available listings. Buyers are benefitting from greater choice across all market segments, while sellers are navigating a landscape where pricing strategy matters more than ever. What’s Happening in […]
GTA SEES STRONGEST JULY HOME SALES IN FOUR YEARS
The Greater Toronto Area (GTA) housing market had its strongest July since 2021, and as REALTORS®, we’re seeing the shift firsthand. Buyers are stepping back into the market thanks to improved affordability, while sellers are navigating conditions that remain competitive yet stable. What’s Driving the Market? Lower borrowing costs and softer home prices are making […]
TORONTO REAL ESTATE MARKET OUTLOOK: WHAT TO EXPECT IN 2025
The latest Market Outlook and Year in Review report from the Toronto Regional Real Estate Board (TRREB) provides valuable insights into what buyers, sellers, and investors can anticipate in the Greater Toronto Area (GTA) housing market this year. With a well-supplied market and stabilizing economic factors, home price growth is projected to align with the […]
NOVEMBER 2024 GTA MARKET UPDATE: FINISHING THE YEAR STRONG
The Greater Toronto Area (GTA) housing market is ending 2024 on a high note, with November bringing significant year-over-year gains in home sales. Thanks to lower borrowing costs, buyers are finding the market more affordable and making their move. However, a modest increase in new listings compared to last year has tightened market conditions, leading […]
THE BANK OF CANADA – WHAT WILL BE THEIR NEXT MOVE?
On October 23, 2024, the Bank of Canada announced a significant interest rate cut of half a percentage point, signalling a proactive approach to stimulating the Canadian economy as inflation indicators show signs of stabilization. With the policy rate now set at 3.75%, this marks the fourth consecutive reduction since June and represents the largest […]
SOME CHANGES IN THE RIGHT DIRECTION – WHAT HAPPENED IN TORONTO’S OCTOBER REAL ESTATE MARKET?
The Greater Toronto Area (GTA) saw a significant increase in home sales in October 2024 compared to the previous year. While new listings also rose, this increase occurred at a slower annual rate, resulting in tighter market conditions compared to October 2023. The average selling price experienced a slight annual increase, indicating a more dynamic […]
SEPTEMBER’S NEW DIRECTION – WHAT’S HAPPENING IN THE MARKET?
The Greater Toronto Area (GTA) experienced a notable increase in home sales in September compared to the previous year. This uptick can be attributed to the improved affordability resulting from interest rate cuts and lower home prices, which have encouraged buyers to enter the market. Buyers are capitalizing on changes to mortgage lending guidelines and […]
A STEADY AUGUST: WHAT’S HAPPENING IN THE MARKET?
The Greater Toronto Area (GTA) housing market is showing signs of stability and potential improvement. Although home sales were slightly down in August 2024 compared to the previous year, new listings saw a slight increase, indicating ongoing activity in the market. The recent rate cut announced by the Bank of Canada is expected to improve […]
INSTANT CURB APPEAL KILLERS: 5 MISTAKES TO AVOID
Homeowners must recognize the significance of curb appeal in enhancing the value of their home. A well-maintained exterior can create a warm and inviting atmosphere for visitors and establish the overall ambiance of the property. Nonetheless, it’s important to be mindful of potential small errors that could have a substantial impact on the overall appearance […]
MAY’S MITIGATION: WHAT’S HAPPENING IN THE MARKET?
The housing market saw continued low activity in May, especially compared to the brief surge in market activity seen last spring. Home buyers are eagerly waiting for relief in mortgage rates, and existing homeowners are hopeful for increased demand, indicated by a rise in new listings compared to the previous year. This has provided buyers […]