Newsletter May – June 2023
TRREB: Tight Market Conditions Push Up Competition in the GTA
Greater Toronto Area (GTA) housing market conditions tightened in March 2023. Sales accounted for an increased share of listings in comparison to March 2022, suggesting that competition between buyers is on the rise. The average sale price was above the average list price for the first time since May 2022. “As we moved through the […]
Unlocking the Link: How Canadian Interest Rates Shape the Real Estate Market
The Bank of Canada plays a crucial role in managing the Canadian economy through its management of interest rates. Its decisions on interest rates can have a significant impact on the housing market too. Read on to learn more. WHAT ARE CANADIAN INTEREST RATES? Interest rates are the cost of borrowing money. When the Bank […]
GTA Home Sales and Listings Drop in February
February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike levels of early 2022. However, the number of new listings also dropped substantially year-over-year. The result was that the average selling price and MLS® HPI continued to level off after trending lower through the spring and summer of last year. […]
Advantages of Staging Your Home For Sale
When it comes to selling your home, there are many factors that can impact the sale price and how quickly your property sells. One of the most effective ways to boost the value of your home and attract potential buyers is through staging. Staging involves setting up your home in a way that highlights its […]
Newsletter March – April 2023
GTA Real Estate Market Starts the New Year the Same as It Ended Last Year
As we moved from 2022 into 2023, the Greater Toronto Area (GTA) housing market unfolded as expected. The number of January sales and the overall average selling price were similar to December 2022. On a year-over-year basis, both sales and prices were down markedly, continuing to highlight the impact of higher borrowing costs on affordability […]
How to Declutter and Depersonalize Your Home for Sale
Decluttering and depersonalizing your home is important when you’re trying to sell it, especially if you’re looking to sell it quickly. You can give potential buyers a blank slate to picture themselves living in the space by clearing out personal belongings and extraneous clutter. This can help them better imagine how they would use the […]
A Look Back At The 2022 GTA Housing Market
Home Sales and Listings Down While Selling Price and Rent Up TORONTO, ONTARIO, January 5, 2023 – The Greater Toronto Area (GTA) housing market experienced a marked adjustment in 2022 compared to record levels in 2021. Existing affordability issues brought about by a lack of housing supply were exacerbated by sustained interest rate hikes by […]
Closing Costs in Ontario
Maybe you’ve been working hard for the past five years and have finally saved up enough for a respectable down payment on your first house. Or perhaps you were fortunate enough to receive a sizeable down payment from the generous cash gifts your spouse and you received at your wedding. You might have even withdrawn […]
