LOOKING AHEAD THIS NOVEMBER – WHAT’S HAPPENING IN THE MARKET?
The Greater Toronto Area (GTA) housing market experienced a decline in sales in November 2023 due to high borrowing costs and uncertain economic conditions. However, the number of listings increased from last year’s supply. The market saw flat selling prices year-over-year, as inflation and elevated borrowing costs impacted affordability. The housing market is sensitive to […]
THINGS YOU SHOULD DO TO GET YOUR LAWN READY FOR WINTER
As the cold weather approaches, it’s important to take care of your lawn so that it can withstand the tough winter conditions and come back healthy in the spring. By following some simple steps in the fall, you can give your grass the best chance to thrive and look beautiful in the coming months. […]
HOW TO ACHIEVE QUIET LUXURY IN YOUR HOME DESIGN
Are you a fan of the quiet luxury style? This classic aesthetic is gaining popularity, not only in fashion but also in home design. It’s a lifestyle that embodies understated elegance, with long-lasting materials and a lack of logos and trends. The approach is highly curated and edited, resulting in an authentic and elevated look. […]
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 […]
WHY MAKING MAJOR UPGRADES CAN BACKFIRE WHEN YOU WANT TO SELL YOUR HOUSE
Improving your home to match your family’s preferences and needs is a great idea, but it’s important to consider the changes you make carefully. Some renovations may not provide a good return on investment when you eventually decide to sell the property, and others may even make it more difficult to find a buyer. By […]
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 […]
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 […]