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 […]
MAY’S MAJOR SUPPLY ISSUE: WHAT’S HAPPENING IN THE MARKET?
The GTA housing market continued to improve from a sales standpoint in May 2023. Unfortunately, the supply of homes for sale did not keep up with the demand for ownership housing. Sales as a share of new listings were up considerably compared to a year ago. This is a clear signal that competition between buyers […]
A Steady January: What’s Happening In The Market
As we move into the second month of 2023, the Greater Toronto Area (GTA) housing market in January recorded very similar numbers to that of December 2022. Average selling prices and number of sales remained steady compared to the previous month, however were down significantly compared to January of 2022. TRREB’s MLS System reported 3,100 […]
Interior Design Trends Canada 2023
There is no doubt that design trends in Canada have been evolving over the past few years. From bold wallpapers to bright colours, interior design in Canada is becoming more daring and creative. As we look ahead to 2023, what will be the top trends influencing Canadian interiors? Geometric Patterns Move aside floral prints, geometric […]
Wrapping Up 2022: What’s Happening In The Market?
As we move into the new year, we’re taking a look back at the Greater Toronto Area (GTA) 2022 home market trends. With a very strong start to the year, home sales trended lower during the second half of 2022 as a response to the Bank of Canada’s aggressive rate hikes. A combination of the […]
Luxurious Resorts For Your Holiday Getaway
Halloween is over and many Torontonians have switched into holiday gear. For many of us, a Christmas or New Year’s getaway is not only a chance to escape the cold, but a chance to reap the rewards of another year’s worth of hard work and spend time with loved ones. Trying to choose your next […]
A Cautiously-Optimistic October: What’s Happening In The Market?
As the Greater Toronto Area (GTA) real estate market continues to adjust to higher borrowing costs, interesting trends have emerged since prices slowed in the spring. While GTA REALTORS reported only 4,961 home sales in the resale market in October 2022 – down 49.1% compared to October 2021 – this number is not significantly lower […]
Sales Shift In September: What’s Happening In The Market?
There were 5,038 home sales for the month of September in the Greater Toronto Area (GTA), representing a decrease of 44.1% year over year. One notable difference in September was that new listings were also down compared to September of 2021, with 11,237 new listings, or a 16.7% fall. The MLS Home Price Index Composite […]
Features You Can Forgo When Buying A Home
As buyers, it’s important to know what features you absolutely need in your home, and what you’re willing to be flexible about. It is also easy to see that beautiful home with the sparkling pool or the in-home theatre and think that you absolutely need those features, but they can heavily influence the price, and […]
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 […]