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 You might have even withdrawn […]
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 […]
