Home Buyer Activity Increases Slightly in July 2024 As More Properties Come On The Market TORONTO, ONTARIO, August 6, 2024 – Greater Toronto Area (GTA) home sales in July 2024 were up compared to July 2023. While sales were up from last year, buyers continued to benefit from more choice in the GTA marketplace, with annual growth in new listings outstripping that of sales. The better-supplied market meant that buyers also benefitted from a slight relief in selling prices on... [read more]

35 Tips to Furnish Your New Home for Less   Buying a new home is one of the most exciting experiences in life. And if you’re like most homebuyers, you’ll be planning your furniture placement and decor before the ink dries on your offer letter. But before you run to the nearest home goods store, take a deep breath. First, you’ll need to delay any major purchases before you close on your new home. A large outlay or additional line of credit could affect your... [read more]

Renovate or Relocate? 3 Questions To Help You Decide Does your current home no longer serve your needs? If so, you may be torn between relocating to a new home or renovating your existing one. This can be a difficult choice, and there’s a lot to consider—including potential costs, financial implications, and quality of life.  A major remodel can be a major commitment. From hiring contractors to selecting materials to managing a budget, it can take a tremendous... [read more]

Bank of Canada Increases the Overnight Lending Rate to 0.5% The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. The Bank is continuing its reinvestment phase, keeping its overall holdings of Government of Canada bonds on its balance sheet roughly constant until such time as it becomes appropriate to allow the size of its balance sheet to decline. The unprovoked invasion... [read more]

Realtors: Want to take time off your real estate business? Circumstances in life change and so do the career priorities. And that’s OK. Whatever the reason, you may have to take some time off your real estate business for a short period of time or for a longer duration. But you don’t want to lose your RECO Ontario Real Estate License nor do you want to incur unnecessary expenses like Real Estate Board Fees, OREA fee, CREA fee, Franchise fee and other... [read more]