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 You might have even withdrawn […]
Newsletter January – February 2023
Housing Market Predictions for 2023
The housing market has been through many ups and downs over the past few years. While the American housing market saw a few plunges—largely due to the pandemic—the Canadian housing market did not fall in the same way. This can be attributed to several factors, including a more regulated banking system that prevented lenders from […]
Interest Rate Hikes Drive Down Home Sales and New Listings in November
TORONTO, ONTARIO, December 6, 2022 – Homeownership market activity in November continued to be influenced by the impact of higher borrowing costs on affordability. Sales were down markedly compared to the same period last year, following the trend that unfolded since the commencement of interest rate hikes in the spring. New listings were also down […]
Newsletter November – December 2022
Will My House Sell in Today’s Market?
It’s no secret that the housing market is in a different place today than it was this time last year. With sales slowing, many sellers are wondering if their homes will sell at all in today’s market. And if it does sell, will you be getting fair value for it? These questions and more are […]
Supply Remains an Issue Despite Impact of Higher Mortgage Rates
TRREB Calls on Municipal Election Candidates to Remain Focused on Addressing Housing Affordability TORONTO, ONTARIO, October 5, 2022 –The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs in September 2022. Sales for the month reached 5,038, but were down by 44.1% compared to September 2021. New listings were also down on […]
What Does the Housing Market Look Like for Fall 2022?
Like most of Canada, the Ontario housing market is currently dealing with rising interest rates and a lack of demand for houses. At the same time, people in Ontario, especially in the Greater Toronto Area (GTA), are getting out and shopping around for housing. The market is still thriving, albeit at a slightly lower rate […]
Newsletter September – October 2022
