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 […]
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 […]
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 […]
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 […]
SHOULD YOU EXPAND YOUR HOME’S FOOTPRINT OR BUILD ANOTHER LEVEL?
If your family is getting bigger and your home feels too small, it’s time to consider making some changes. Adding an extension can be a great solution, but you’ll need to decide if you want to add another floor or expand outward. Consider your needs carefully and take the necessary steps to improve your living […]
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 […]
TIPS WHEN DESIGNING YOUR OUTDOOR LIVING SPACE
Summer living means dining al fresco, spending leisurely afternoons outdoors, and winding down by the outdoor fireplace in the evening. Designing your outdoor space, the same way you would create an indoor living area will result in maximum relaxation and enjoyment, creating a space to enjoy your time outside comfortably. Employing the same interior design […]
FEELING THE PRESSURE IN APRIL: WHAT’S HAPPENING IN THE MARKET?
The GTA housing market continued to intensify in April 2023. On a year-over-year basis, sales lowered slightly compared to April 2022, but new listings were down by more than one-third. Fewer listings relative to sales meant there was more competition between buyers, influencing an improvement in selling prices since the beginning of this year. In […]
WHEN TO REPLACE COMMON HOUSEHOLD FIXTURES
Regular maintenance and gentle use can increase the longevity of your household fixtures; savvy homeowners understand this, and their extra care can mean real savings over their time in the home. Unfortunately, all fixtures in your home have a general lifespan and will need to be replaced or repaired eventually. Saving for these replacements can […]
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 […]