Market Update

Market Update

Buyers Re-Enter the GTA Housing Market in February

TORONTO, ONTARIO, March 5, 2024 – Greater Toronto Area (GTA) home sales and new listings were up on an annual and monthly basis in February 2024. Selling prices also edged upward compared to a year earlier. Population growth and a resilient regional economy continued to support the overall demand for housing. Higher borrowing costs kept […]
General Info, Market Update

News Update: CMHC To End First-Time Homebuyer Incentive Program

IMPORTANT – February 29, 2024 The First-Time Home Buyer Incentive has been discontinued. The deadline for new or updated submissions for the First-Time Home Buyer Incentive is midnight ET on March 21, 2024. For new and resubmitted First-Time Home Buyer Incentive applications All new applications and resubmissions for previously cancelled or declined applications must reach […]
Market Update

Tighter Market Conditions in January 2024 When Compared to the Previous Year

TRREB: Tighter Market Conditions in January 2024 When Compared to the Previous Year TORONTO, ONTARIO, February 6, 2024 – Home sales were up in January 2024 in comparison to January 2023. This annual increase came as some homebuyers started to benefit from lower borrowing costs associated with fixed rate mortgage products. New listings were also […]
Market Update

Sellers Are Coming: Over The Next 2 Years | 7 Million People Turn 65

In the dynamic realm of real estate, trends and demographics play a pivotal role in shaping the market landscape. A significant shift is on the horizon as the next two years will witness a surge of individuals turning 65 – a staggering 7 million people to be exact. This demographic milestone has profound implications for […]

Market Update Buyers Re-Enter the GTA Housing Market in February TORONTO, ONTARIO, March 5, 2024 – Greater Toronto Area (GTA) home sales and new listings were up on an annual and monthly basis in February 2024. Selling prices also edged upward compared to a year earlier. Population growth and a resilient regional economy continued to support the overall demand for housing. Higher borrowing costs kept […]

General Info News Update: CMHC To End First-Time Homebuyer Incentive Program IMPORTANT – February 29, 2024 The First-Time Home Buyer Incentive has been discontinued. The deadline for new or updated submissions for the First-Time Home Buyer Incentive is midnight ET on March 21, 2024. For new and resubmitted First-Time Home Buyer Incentive applications All new applications and resubmissions for previously cancelled or declined applications must reach […]

Market Update Tighter Market Conditions in January 2024 When Compared to the Previous Year TRREB: Tighter Market Conditions in January 2024 When Compared to the Previous Year TORONTO, ONTARIO, February 6, 2024 – Home sales were up in January 2024 in comparison to January 2023. This annual increase came as some homebuyers started to benefit from lower borrowing costs associated with fixed rate mortgage products. New listings were also […]

Market Update Sellers Are Coming: Over The Next 2 Years | 7 Million People Turn 65 In the dynamic realm of real estate, trends and demographics play a pivotal role in shaping the market landscape. A significant shift is on the horizon as the next two years will witness a surge of individuals turning 65 – a staggering 7 million people to be exact. This demographic milestone has profound implications for […]

Market Update Jan 24, 2024 | Bank of Canada maintains policy rate, continues quantitative tightening FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario January 24, 2024 The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global economic growth continues to slow, with inflation easing gradually […]

Market Update First-Time Home Buyer Incentive Program by the Canadian Government

Market Update Navigating the Ontario Real Estate Market: A Guide for First-Time Homebuyers Embarking on the journey of purchasing your first home in Ontario is an exciting but sometimes overwhelming experience. From understanding the market dynamics to taking advantage of government incentives, there’s much to consider. In this blog post, we’ll explore essential tips for first-time homebuyers in Ontario, with a special focus on the government’s First-Time Home […]

Market Update Mastering the Art of Home Staging: Your Guide to a Swift Home Sale! In the bustling Ontario real estate market, making a memorable first impression is crucial for a quick and successful home sale. One of the key strategies to achieve this is effective home staging. In this blog post, we’ll explore essential home staging tips tailored to the Ontario market, helping sellers create a captivating environment that […]

Market Update Property Pre-Qualification & Pre-Approval Guide Securing pre-approval is a pivotal step for homebuyers in Canada, as it provides a more comprehensive and concrete commitment from lenders compared to pre-qualification. To initiate this process, prospective buyers should gather essential financial documents, including proof of income, employment verification, and details about existing debts. These documents help lenders assess the buyer’s financial stability […]

Market Update REALTOR® Cooperation Policy Comes into Force January 2024 On January 3, 2024, the REALTOR® Cooperation Policy will be enforced, bringing into operation the new “Duty of Cooperation” as outlined in Article 30 of the REALTOR® Code. What is mandated by this policy? In cases where public marketing of a residential listing takes place, REALTORS® must ensure the inclusion of the listing on an […]

Market Update Ontario Modernizing Rules Governing Province’s Real Estate Services Sector News Release From The Ministry of Public and Business Service – Ontario New protections designed to strengthen consumer confidence when dealing with brokerages, brokers, and salespersons November 28, 2023 Public and Business Service Delivery TORONTO — The Ontario government is updating the rules governing the province’s real estate brokerages, brokers, and salespersons to strengthen consumer […]

Market Update The 2023 GTA Housing Market: High Borrowing Costs and Growing Affordability Challenges TRREB: The 2023 GTA Housing Market: High Borrowing Costs and Growing Affordability Challenges TORONTO, ONTARIO, January 4, 2024 – While the overall demand for housing remained buoyed by record immigration in 2023, more of this demand was pointed at the rental market. The number of Greater Toronto Area (GTA) home sales in 2023 came in […]

Market Update Happy New Year | 2024! May this year bring you joy, success, and new opportunities. As we embark on another chapter, may it be filled with love, laughter, and memorable moments. Here’s to a prosperous and fulfilling year ahead!

Market Update Home Sweet Home Under 400K: Find Your Ideal Property Today!

Market Update New Listing in Oshawa

Market Update NO RATE CHANGE! But Still a Chance For Increase Next Time! Bank of Canada maintains policy rate, continues quantitative tightening FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario September 6, 2023 The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative […]

Market Update August 2023 VIP GiveAway If you have already entered this contest, free to get a FREE Home Evaluation in 10 Seconds with No HASSLE! August 2023 VIP Club Giveaway Enter your name and email address below. You’ll be entered in the a VIP Gift Card giveaway draw. Full Name Email Address What are your plans for the summer? Travel? […]

Market Update Happy Long Weekend

Market Update Interesting Change: See the July 2023 Real Estate Statistics for the Greater Toronto Area & Beyond! GTA home sales, new listings, and home prices were up in July 2023 when compared to the same time last year. If you are interested to know how much your home is worth, enter the basic details by clicking this link and I’ll get a No-Obligation FREE Home Evaluation!

Market Update Bank Of Canada Raises Overnight Interest Rates Again! – They are not done yet! Bank of Canada raises policy rate 25 basis points, continues quantitative tightening FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario July 12, 2023 The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy […]