Higher borrowing costs continued to impact home sales in GTA's Real Estate Market in June 2022

Friday Jul 8th, 2022

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Current Real Estate market Conditions to remain over summer of 2022

Higher borrowing costs continued to impact home sales in GTA's Real Estate Market in June 2022 Sales totalled 6,474 – down by 41 per cent compared to last year’s strong result. The number of transactions was also down compared to May 2022, but this is often the case due to the seasonal nature of the market. The average selling price, at $1,146,254, remained 5.3 per cent above the June 2021 level, but continued to trend lower on a monthly basis. The MLS® Home Price... [read more]

7 Costly Mistakes Home Sellers Make (And How to Avoid Them)

Sunday Jul 3rd, 2022

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7 Costly Mistakes Home Sellers Make

7 Costly Mistakes Home Sellers Make (And How to Avoid Them) No matter what’s going on in the housing market, the process of selling a home can be challenging. Some sellers have a hard time saying goodbye to a treasured family residence. Others want to skip ahead to the fun of decorating and settling in a new place. Almost all sellers want to make the most money possible. Whatever your circumstances, the road to the closing table can be riddled with obstacles — from issues... [read more]

Increasing Real Estate Mortgage Rates Pulling Greater Toronto Area Housing to a more Balanced Market

Monday Jun 6th, 2022

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GTA Housing Market REport May 2022

Increasing Real Estate Mortgage Rates Pulling Greater Toronto Area Housing to a more Balanced Market   Greater Toronto Area (GTA) housing market conditions continued to evolve in response to higher borrowing costs. Similar to April results, May 2022 sales were down on a monthly and annual basis. Conversely, active listings at the end of May were up on a monthover-month and year-over-year basis. More balanced market conditions have provided buyers with more negotiating power. As a... [read more]

GTA Real Estate Market Sales Decline With Increase in Housing Mortgage Interest Rates in April 2022

Wednesday May 11th, 2022

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April 2022 GTA Hosuing Market Report

GTA Real Estate Market Sales Decline With Increase in Housing Mortgage Interest Rates in April 2022 The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs, with the number of transactions down on a monthly and annual basis. As has been the case with previous rate tightening cycles, some home buyers have moved to the sidelines to determine how they will reposition themselves in the marketplace given the higher rate environment and related impact... [read more]

Seller’s Checklist: A Timeline to Prep Your Home for Sale

Saturday Apr 2nd, 2022

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Home Seller's Checklick

Seller’s Checklist: A Timeline to Prep Your Home for Sale   We’re still in a seller’s market, but that doesn’t mean your home is guaranteed to easily sell.1 If you want to maximize your sale price, it’s still important to prepare your home before putting it on the market. Start by connecting with your real estate agent as soon as possible. Having the eyes and ears of an insightful real estate professional on your side can help you boost your... [read more]

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