Sales Numbers Overall, in Toronto and GTA sales were down 47% from same time last year. Market had the lowest sales volume in 20 years for the fourth consecutive month. What is causing this? Many buyers are sitting on the sideline as Bank of Canada is continuing on raising interest rate. This upward trend on interest rate is not an ideal environment for buyers as their budget and monthly...
Average selling price in Greater Toronto Area has fallen by 14 per cent since February! The slowdown underway in Canada's two most expensive housing markets continued in June, with new numbers showing the number of homes sold in Toronto and Vancouver fell by more than a third, and average prices have now declined for several months in a row. The Toronto Regional Real Estate Board (TRREB)...
As widely expected by economists, the Bank of Canada implemented another half-point interest rate increase in today’s rate policy announcement, embarking on the tightest hiking cycle seen in decades and reinforcing its commitment to tame runaway inflation growth. The 50-basis-point hike — the second consecutive, following the April 13 announcement — brings the bank’s trend-setting...
Government policy with respect to the COVID-19 pandemic is being updated daily and the Ontario Real Estate Association (OREA) has your back in getting you the latest and most important information to keep you, your clients and communities safe. I have two breaking news updates for you. One is on virtual open houses and the other is related to NR12 evictions. Open House Prohibition & Virtual...
Find the benefits relevant to you Get information on what’s available to: those who have lost income; renters and homeowners; families; seniors; students; businesses; Canadians abroad. There’s also a personal finance section with information on tax and utility bill deferrals. This guide provides the basic benefit information you need to apply for...
How can I help to slow the spread of the virus? How Can I try to stay Well? What are the symptoms - and what should I do if I feel...
Nowruz marks the end of the old year and the beginning of a new one, and it occurs on the day of the vernal equinox. More accurately, the new year begins the second the equinox does — so, not just at the stroke of midnight. Usually, the equinox happens from March 19 to 21; this year, Nowruz lands in the evening of March 20. (Though if you’re an expat Iranian, the equinox arrives around 12...
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