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GTA Housing Market Prices Declined 9.2% While Real Estate Sales reduced by 48% in December 2022

Saturday Jan 7th, 2023

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December 2022 GTA Housing Report

GTA Housing Market Prices Declined 9.2% While Real Estate Sales reduced by 48% in December 2022   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 the Bank of Canada. “Following a very strong start to the year, home sales trended lower in the spring and summer of 2022, as... [read more]

2023 Real Estate Market Outlook (And What It Means for You)

Tuesday Jan 3rd, 2023

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2023 Real Estate Market Outlook

2023 Real Estate Market Outlook (And What It Means for You) Last year, one factor drove the real estate market more than any other: rising mortgage rates.  In March 2022, the Bank of Canada began a series of interest rate hikes in an effort to pump the brakes on inflation.1 And while some market sectors have been slow to respond, the housing market has reacted accordingly. Both demand and home prices have softened, as the primary challenge for buyers has shifted from... [read more]

Interest Rate Hikes Drive Down Home Sales and New GTA Real Estate Listings in November 2022

Friday Dec 9th, 2022

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Interest Rate Hikes Drive Down Home Sales and New GTA Real Estate Listings in November 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 substantially from last year, and at a very low level historically. The fact that the... [read more]

Home Inspection Mistakes

Friday Nov 25th, 2022

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Home Inspection Mistakes

Home Inspection Mistakes   🚩Don’t make these common home inspection mistakes!🚩 Home inspections are a make-or-break moment, but there’s no need to panic. Just be sure to avoid these common mistakes: 1️⃣Miss Attending Your Inspection It’s the perfect chance to find out where everything is located and see first-hand what repairs and updates may be needed. 2️⃣Expect a Perfect Report The key is to understand which problems are simple... [read more]

Buy Now or Rent Longer? 5 Questions to Answer Before Purchasing Your First Home

Monday Oct 3rd, 2022

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Buy Now or Rent Longer?

Buy Now or Rent Longer? 5 Questions to Answer Before Purchasing Your First Home Deciding whether to jump into the housing market or rent instead is rarely an easy decision – especially if you’re a first-time homebuyer. But in today’s whirlwind market, you may find it particularly challenging to pinpoint the best time to start exploring homeownership.    A real estate boom during the pandemic pushed home prices to an all-time high.1 Add higher... [read more]

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