A MEASURED JUNE: WHAT’S HAPPENING IN THE MARKET?
As we round out the second quarter of 2022, higher borrowing costs continue to impact the Greater Toronto Area’s (GTA) housing market. Seasonally, June tends to have a lower number of transactions than May, and this year we saw the same trend, with the number of total sales at 6,474, a 41% decrease compared to […]
A MORE BALANCED MAY: WHAT’S HAPPENING IN THE MARKET?
In May 2022, the Toronto real estate market saw more buyers responding to the increased cost of borrowing. The expectation of the Central Bank’s rate increase of 50 basis points – and the actual rate hike itself on June 1st – are causing some buyers to pause their home search in the short term as […]
SPRING CLEANING: YOUR HOME MAINTENANCE CHECKLIST
Spring cleaning after a long winter is an event on many families’ to do lists. Whether it’s an event you are eagerly anticipating, or one that you dread, it is a very important step in your home maintenance routine. Giving your home the thorough once-over in spring can prevent unwanted surprises later, lowering your long […]
A MORE ACCESSIBLE APRIL: WHAT’S HAPPENING IN THE MARKET?
In April, the Greater Toronto Area (GTA) housing market saw more buyers adjust to the Central Bank’s rate hikes. TRREB’s MLS System reported a total of 8,008 homes sold in April 2022, representing a 41.2 percent decrease year over year, and a 27 percent decrease compared to March 2022. With borrowing costs expecting to increase […]
TOP PATIOS IN YORKVILLE FOR A NIGHT OUT
The snow has melted and temperatures are now in the double digits, which means everyone is eagerly anticipating patio season. Whether you’re planning a night out with your partner, friends, or family, you can’t go wrong sipping your favourite drink outdoors and feeling that cool, evening breeze. If you’re looking to spend every Friday evening […]
MARCH CONTINUES THE MOMENTUM: WHAT’S HAPPENING IN THE MARKET?
As we wrap up the first quarter of 2022, the sales and growth trends that we saw in the housing market in January and February remained consistent in March. TRREB’s MLS System reported a total of 10,955 sales in March 2022, a 30% drop compared to March 2021, while home prices continued to grow, with […]
VACATION DESTINATIONS TO ESCAPE THE WINTER BLUES
There is no doubt that Canadian winters can be brutal, and while there are many things to love about the great white north, it is also the perfect time to travel south and soak up some sun. With pandemic restrictions finally lifting, the dream of dinner on the beach, palm trees, and swimming with sea turtles […]
A STABLE BUT FAST-MOVING FEBRUARY: WHAT’S HAPPENING IN THE MARKET?
Sales in February followed the trend January 2022 started – home sales were down compared to sales in February 2021, with 9,097 sales throughout the GTA reported in the TRREB MLS system. Compared to the 10,929 listings in January 2021, this represents a 16.8 percent decrease in the number of sales compared to the same […]
THE TOP INTERIOR DESIGN TRENDS OF 2022
The pandemic has turned our homes into not only a place of rest, but a place of work and socialization. The last two years of our lives have been spent primarily at home, and with this trend continuing in 2022, our interior spaces have been changing to reflect this new lifestyle. Creating a serene space […]
A STRONG START FOR JANUARY: WHAT’S HAPPENING IN THE MARKET?
Starting off the new year, a total of 5,636 sales were reported through the TRREB MLS System in January 2022, a number that is down 18.2% year-over-year. New listings similarly followed new sales, down 15.5% from January 2021. Although sales were significantly down from the previous year, January 2022 reported the second highest number of […]