NEW GTA HOME LISTINGS DOWN WHILE THE AVERAGE REAL ESTATE SELLING PRICE LEVELS OFF IN OCTOBER TORONTO, ONTARIO, November 3, 2022 – Despite the continued housing market transition to a higher borrowing cost environment, the average selling price in the Greater Toronto Area (GTA) found some support near $1.1 million since the late summer. GTA home sales continued to adjust to substantially higher interest rates in October 2022, both on an annual and monthly basis. However, new... [read more]

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]

These 78 Properties did not sell in Brampton in September 2021 Hot Real Estate Market 😱     Wow!! Can you believe this? As you know the real estate market in Brampton & Mississauga cities of Region of Peel, and in fact throughout the Greater Toronto Area has been very very robust and homes have been selling like hot cakes. 🔥 🔥 There are multiple offers coming in pretty much on every property but still these 78 properties did not sell. And... [read more]