Let’s not sugarcoat it—March was a mess. It’s like the real estate market threw a party, sent out 17,263 invites (a 28.6% jump in listings), and only 5,011 people showed up. That’s a 23.1% drop in sales from last year. Not exactly RSVP goals. The average selling price across the GTA? $1,093,254, down 2.5% from last March. It’s basically a buyers’ market, but most of them seem to be...
The Vaughan real estate market continues to be one of the best places to buy a home or invest in 2025. With ongoing developments, strong market demand, and increasing property values, Vaughan remains a top choice for buyers, investors, and sellers looking for high returns and long-term growth. Why is Vaughan’s Real Estate Market Booming? 1. Strong Market Performance & Property Value...
The Toronto real estate market has kicked off 2025 with shifting trends in home sales, prices, and supply. According to the latest TRREB Market Outlook and Year in Review report, we can expect moderate price growth and increased activity as borrowing costs decline. Let’s break down the key insights from this month’s report. January 2025 Market Trends 📊 Home Sales: 3,847 homes sold in...
As the Greater Toronto Area real estate market continues to evolve, October brought promising indicators for both buyers and sellers. Here's a breakdown of this month's highlights and what they mean for your real estate goals. Sales Surge in October 2024 In October, we saw a notable uptick in activity. Sales across the GTA increased by 44.4% year-over-year, with 6,658 transactions reported, a strong...
Toronto, Ontario, October 3, 2024 – The Greater Toronto Area (GTA) housing market saw a solid year-over-year improvement in September, signaling the beginning of a more favorable landscape for homebuyers. With interest rates easing and prices moderating, buyers are starting to take advantage of more accessible market conditions. "As borrowing costs decline and mortgage guidelines become more...
GTA Housing Market Becomes More Affordable Following Rate Cut TORONTO, ONTARIO, September 5, 2024 – The Greater Toronto Area (GTA) housing market saw a slight decline in home sales year-over-year for August 2024, while new listings rose modestly over the same period. Although the market remained well-supplied, the average home price saw only a minor decrease compared to August 2023. "The Bank of...
More rate relief is expected this week for those with variable-rate mortgages and lines of credit. Markets overwhelmingly expect the Bank of Canada to deliver its third consecutive quarter-point rate cut when it meets this week. That would bring the Bank’s overnight target rate down to 4.25%, a full 75 basis points (or 0.75%) below its peak of 5.00%. Encouraging inflation data and signs of a...
Dear Valued Clients, We hope this message finds you well. As we move through the summer, we’re excited to bring you the latest insights from the Greater Toronto Area (GTA) real estate market based on the June 2024 Market Watch report. Here’s a detailed look at the current trends and what they mean for you. Market Overview: The real estate market in the GTA continues to evolve, presenting both...
April 2024 home sales were down in comparison to April 2023, when there was a temporary resurgence in market activity. New listings were up strongly year-over-year, which meant there was increased choice for home buyers and little movement in the average selling price compared to last year. Greater Toronto Area (GTA) REALTORS® reported 7,114 sales through the Toronto Regional Real Estate Board (TRREB)...
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