WHAT SIZE YARD IS RIGHT FOR YOUR FAMILY?
When you’re in the market for a new home and you have kids, it’s essential to consider the size of the yard along with the size of the house. A spacious yard can give your family plenty of opportunities to spend time outdoors, play games, and host picnics, and barbecues. Here are some tips that […]
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 […]
A TRYING OCTOBER – WHAT’S HAPPENING IN THE MARKET?
The housing market in the GTA faced some challenges in October 2023. The main issue was the lack of affordability, which made it difficult for many potential home buyers to make a purchase. Due to this and the uncertainty, the sales decreased slightly compared to the previous year’s same period. However, the selling prices continued […]
BANK OF CANADA HOLDS KEY INTEREST RATE STEADY AT 5%
The Bank of Canada has announced that it will keep its target interest rate at 5%. This decision was made because the global economy is slowing down and growth is expected to slow down further. The bank has decided to continue its policy of quantitative tightening. This means that it is reducing the amount of […]
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 […]
THE BATTLE BETWEEN SUPPLY VS. DEMAND CONTINUES IN NOVEMBER: WHAT’S HAPPENING IN THE MARKET?
New all-time highs and records were set this past month. Home sales reached a new record for the month of November and the average selling price also reached a new all-time high. New listings were down substantially compared to last year across all market segments – further highlighting the apparent supply issue within the GTA. […]
A DEMANDING OCTOBER: WHAT’S HAPPENING IN THE MARKET?
Home sales in the GTA have reached the second-highest level on record for the month of October. However, the inventory of homes listed for sale did not keep up with the pace of demand. The number of new listings had dropped by approximately 33% compared to October 2020. Market conditions tightened across all major home […]
JULY’S “CALM” BEFORE THE STORM: WHAT’S HAPPENING IN THE MARKET?
With almost 9,400 sales reported in July 2021, the demand for ownership housing remained well above the standard for this time of year despite being lower than the record July result we saw last year. Market conditions actually tightened relative to July 2020, with sales accounting for a greater share of new listings compared to […]
NEW MORTGAGE STRESS-TEST CHANGES 2020
Attention Toronto homebuyers! Just as the Toronto housing market began gaining its momentum due to the lack of supply in new listings which has caused some serious competition for homebuyers, the government had an important announcement to make which might heat things up a little more. The federal government has declared its adjustment of the […]
DECEMBER’S STRONG RECOVERY: A DECADE IN REVIEW
The Toronto Real Estate Board reported a 17.4 per cent increase in residential sales year-over-year for December 2019. The 2019 calendar year reported 87,825 sales in total – up by 12.6 per cent compared to the decade low of 78,015 sales reported in 2018. As a result, 2019 sales were on par with the average […]