November 2021 Home Sales Achieved a New Record with Real Estate Prices Reaching a New All-Time High in Greater Toronto Area TORONTO, ONTARIO, December 3, 2021 – Home sales reached a new record for the month of November, and the average selling price also reached a new all-time high. New listings were down substantially compared to last year for all market segments – further highlighting the inherent supply issue across all home types in the Greater Toronto Area (GTA). GTA... [read more]

3 Hot Real Estate Market Wishes to Avoid   “Oh, how I wish…” started no wise real estate decision ever.  When the real estate market is hot, engaging in wishful thinking is not just fool hardy, it can be costly. So, Here are 3 home-buying wishes to avoid: I Wish the house was in a different neighbourhood. If you don’t like the area, don’t buy the house simply because it’s in your price range. Make sure it satisfies in other... [read more]

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]

Improving Affordability Today: Support for First-Time Home Buyers introduced in the 2019 Federal Budget To help make homeownership more affordable for first-time home buyers, Budget 2019 introduces the First-Time Home Buyer Incentive. The Incentive would allow eligible first-time home buyers who have the minimum down payment for an insured mortgage to apply to finance a portion of their home purchase through a shared equity mortgage with Canada Mortgage and Housing Corporation... [read more]