EVERYTHING YOU NEED TO KNOW TO BUY A HOME THIS SPRING
If you’ve been waiting for the spring selling season to kick off your home, this busy real estate season has arrived. Many homebuyers are in the market for a new home in the spring because it aligns with the current school year’s end and allows you to settle in a new home over the summer […]
A FEBRUARY RESET: WHAT’S HAPPENING IN THE MARKET?
The Greater Toronto Area (GTA) housing market experienced an increase in sales and new listings on an annual and monthly basis in February 2024, along with a rise in selling prices. This can be attributed to the region’s population growth and resilient economy, which have continued to support the demand for housing. Despite higher borrowing […]
JANUARY’S POSITIVE ADJUSTMENT: WHAT’S HAPPENING IN THE MARKET?
The report on the housing market in January 2024 shows a positive start, with an annual increase in home sales as compared to January 2023. This increase is great news for homebuyers as the lower borrowing costs associated with fixed-rate mortgage products made it possible for them to own a home. Although the new listings […]
HOW LOCAL BUILDING CODES CAN AFFECT YOUR RENOVATION PLANS
If you’re planning to renovate your home, it’s essential to understand the local building codes and ensure that your plans comply with those regulations. These codes may restrict the scope of your project or demand you to upgrade your property. By researching these requirements early on, you can avoid unexpected delays and budget overruns, which […]
A CHALLENGING 2023: A YEARS END, WHAT HAPPENED IN THE MARKET?
It’s been a tough year for many households seeking to purchase a home in the Greater Toronto Area (GTA). With high mortgage rates and less than 70,000 home sales in 2023, the dream of home ownership seems unattainable for many. However, we understand the importance of having a stable and affordable place to live, especially […]
LOOKING AHEAD THIS NOVEMBER – WHAT’S HAPPENING IN THE MARKET?
The Greater Toronto Area (GTA) housing market experienced a decline in sales in November 2023 due to high borrowing costs and uncertain economic conditions. However, the number of listings increased from last year’s supply. The market saw flat selling prices year-over-year, as inflation and elevated borrowing costs impacted affordability. The housing market is sensitive to […]
A MORE BALANCED SEPTEMBER: WHAT’S HAPPENING IN THE MARKET?
The GTA housing market faced some challenges in September, as high borrowing costs, inflation, and slower economic growth weighed on home sales. Nonetheless, despite the increase in listings supply, the average selling price remained higher than the previous year. Looking ahead, the short-term and medium-term outlooks for the GTA housing market appear to be somewhat […]
OUR FALL HOME MAINTENANCE GUIDE
As a homeowner, you have the power to keep your property in impeccable shape all year round. Getting your home ready for the fall season is more than just a routine maintenance task, it’s an opportunity to show your property some love and care. By completing imperative fall home maintenance tasks, you can guarantee that […]
SEARCHING FOR STABILITY IN AUGUST: WHAT’S HAPPENING IN THE MARKET?
In August 2023, there was a decrease in home sales compared to the same period in 2022 due to higher borrowing costs, uncertainty about the economy and Bank of Canada’s decision-making, and a limited supply of listings. However, the average selling price remained relatively stable. On a monthly basis, both sales and average price slightly […]
AN UNCERTAIN JULY: WHAT’S HAPPENING IN THE MARKET?
The GTA saw a surge in home sales, new listings, and home prices in July 2023 compared to the same period last year. The market experienced a more balanced seasonally adjusted basis in July, with sales slowing down while new listings rose. Home sales remained higher than last year, indicating that many households have adapted […]