EXPERTS PREDICT BANK OF CANADA TO HOLD INTEREST RATES STEADY AS THE ECONOMY HITS A ROADBLOCK
According to a recent article published by Steve Scherer at reuters.com, the Bank of Canada (BoC) is expected to maintain its current interest rates on Wednesday, in light of the slowing economy. However, it is possible that the central bank may indicate the potential for future rate hikes, considering the inflation rate remains above its […]
ITEMS TO AVOID STORING IN A GARAGE
Now that the summer has come to an end, you might have more time to focus on your home and give it a fall refresh. The garage is often the place where we store miscellaneous items, but it’s important to be mindful of what we keep in there. If you’re planning to clean out your […]
WHAT TO AVOID BEFORE CLOSING ON A HOME
Buying a home requires a series of steps and procedures that must be carefully followed to ensure a seamless and efficient process. These steps include scheduling an inspection, conducting a final walk-through, booking movers, and preparing for the closing. Yet, beyond these imperative steps, there are also several critical things that every homebuyer should avoid […]
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 […]
SHOULD YOU INSTALL SECURITY CAMERAS AT YOUR HOUSE?
Ensuring the safety of our loved ones and our homes is a top priority, but it’s not always feasible to be present at all times. While security cameras can provide a valuable deterrent against criminal activity and assist in identifying culprits, it’s important to recognize their limitations. Reasons to Install Security Cameras As homeowners, we […]
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 […]
BANK OF CANADA RAISES INTEREST RATES…YET AGAIN!
The Bank of Canada suddenly increased its key interest rate by 0.25% this morning, bringing it to 5%. The move was somewhat expected due to the strong performance of the economy. The central bank cited high demand and underlying inflation pressures as reasons for the increase. While there have been some recent indicators of a […]
AN UNSTEADY JUNE: WHAT’S HAPPENING IN THE MARKET?
The Greater Toronto Area saw an increase in home sales and average selling price in June 2023 compared to the previous year. However, sales dipped on a monthly basis due to uncertainty surrounding inflation and interest rates. The lack of available inventory also hindered willing buyers from finding suitable homes. The Toronto Regional Real Estate […]