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 […]
HOW TO CREATE A LIGHT, AIRY AND SUMMER-INSPIRED SPACE
Remember to embrace the essence of summer, as it embodies both a season and a feeling. It’s a time that exudes a sense of ease, relaxation, and lightness. Bringing this summer-inspired ambiance into your home can provide a refreshing escape, even amidst a hectic summer schedule. Incorporating natural elements, maximizing natural light, and incorporating lighter […]
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 […]
BANK OF CANADA CUTS KEY INTEREST RATE TO 4.75%
The Bank of Canada recently decided to lower its key interest rate to 4.75%, marking the bank’s first rate cut since March 2020. The bank’s governor, Tiff Macklem, mentioned that the bank’s monetary policy no longer needs to be as restrictive due to the significant progress made in the fight against inflation. This confidence in […]
COMMON ROOM LAYOUT MISTAKES
It’s important to remember the initial layout of a room is crucial in the design process. By crafting a scaled floor plan and emphasizing the functionality of the room, you can create a space that feels harmonious, inviting, and cozy. While most layouts may suffice for your needs, there are small adjustments you can implement […]
A MORE SELECTIVE APRIL – WHAT’S HAPPENING IN THE MARKET?
The GTA’s real estate market experienced a slight decline in April 2024 when compared to the same month in 2023, which saw a temporary boost in market activity. However, the number of new listings surged year-over-year, giving home buyers more options and maintaining stability in average selling prices. According to the Toronto Regional Real Estate […]
TIPS FOR MAXIMIZING YOUR HOME’S MARKET APPEAL DURING THE SPRING
If you’re planning to sell your home, it’s essential to ensure that it’s in top-notch shape before listing it on the market. By taking some simple steps, you can make your home more appealing to potential buyers and increase your chances of a quick and successful sale. As we head into the spring homebuying season, […]
CANADA PERMITS 30-YEAR MORTGAGE AMORTIZATION FOR FIRST-TIME BUYERS’ NEW HOMES
The Canadian government has recently announced a decision that is expected to benefit first-time homebuyers looking to purchase newly built homes. The government has extended the maximum amortization period on insured mortgages from 25 to 30 years for those whose down payment is less than 20% of the home price. This move is intended to […]
A PROGRESSIVE MARCH: WHAT’S HAPPENING IN THE MARKET?
The latest report on March 2024 home sales through TRREB’s MLS® System shows steady progress in the real estate market despite the lower sales compared to March 2023. One of the contributing factors to this decline is the statutory holiday Good Friday, which fell in March this year instead of April last year. However, there […]