Recent Posts
More Choice for Home Buyers in April
May 9, 2024
April 2024 home sales were down in comparison to April 2023, when there was a temporary resurgence in market activity. New listings were up strongly year-over-year, which meant there was increased choice for home buyers and little movement in the average selling price compared to last year. Greater Toronto Area (GTA) REALTORS® reported 7,114 sales […]
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What Are Condo Fees?
April 13, 2024
What are condo fees, how are they calculated, and what do they cover? Condos have become the home of choice for many Toronto homebuyers, particularly first-timers, but increasingly move-up buyers as well. But many don’t understand this lifestyle option before deciding that it’s right for them. Homeowners are drawn to condo living for a variety […]
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Interest Rate Announcement: Steady As She Goes, Until “Downward Momentum is Sustained”
April 11, 2024
Bank of Canada Holds Interest Rate at 5% The Bank of Canada has held its benchmark interest rate at 5%, marking the sixth consecutive pause after a tightening campaign in 2023 to cool high inflation. It appears to be working, with the inflation rate easing back to 2.8 per cent in February. Price pressures have eased across […]
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Selling Prices Up In March and Set to Accelerate This Spring
April 4, 2024
March 2024 home sales reported through TRREB’s MLS® System were lower than the March 2023 result, due in part to the statutory holiday Good Friday falling in March this year versus April last year. Despite a better-supplied market compared to last year, there was enough competition between buyers to see a moderate increase in the […]
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Buyers Re-Enter the Toronto Housing Market in February
March 12, 2024
Greater Toronto Area (GTA) home sales and new listings were up on an annual and monthly basis in February 2024. Selling prices also edged upward compared to a year earlier. Population growth and a resilient regional economy continued to support the overall demand for housing. Higher borrowing costs kept home sales below the February sales […]
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