A PROGRESSIVE MARCH: WHAT’S HAPPENING IN THE MARKET?
The latest report on March 2024 home sales through TRREB’s MLS® System shows steady progress in the real estate market despite the lower sales compared to March 2023. One of the contributing factors to this decline is the statutory holiday Good Friday, which fell in March this year instead of April last year. However, there […]
EVERYTHING YOU NEED TO KNOW TO BUY A HOME THIS SPRING
If you’ve been waiting for the spring selling season to kick off your home, this busy real estate season has arrived. Many homebuyers are in the market for a new home in the spring because it aligns with the current school year’s end and allows you to settle in a new home over the summer […]
A FEBRUARY RESET: WHAT’S HAPPENING IN THE MARKET?
The Greater Toronto Area (GTA) housing market experienced an increase in sales and new listings on an annual and monthly basis in February 2024, along with a rise in selling prices. This can be attributed to the region’s population growth and resilient economy, which have continued to support the demand for housing. Despite higher borrowing […]
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 […]
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 […]
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 […]