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...

On January 29, 2025, the Bank of Canada reduced its key interest rate by 25 basis points, bringing it down to 3%. This marks the sixth consecutive rate cut since June 2024, reflecting the central bank's ongoing efforts to stimulate economic activity amid external challenges. scotiabank.com Implications for the Real Estate Market For Homebuyers The reduction in the policy rate often leads to...

In a recent segment from CBC's "About That," host Andrew Chang explored the notable decline in rental prices across Canada’s most expensive cities. This trend is particularly evident in urban centers like Toronto and Vancouver, where tenants are experiencing a rare relief from traditionally high rental costs. Key Factors Influencing the Decline in Rental Prices in Toronto Increased Housing...

Dear Homeowner, I hope this message finds you well. As your dedicated realtor in Vaughan and Maple, it’s my privilege to present this Year In Review package, thoughtfully prepared to provide you with valuable insights about your property and the local real estate market over the past year. This information is designed to empower you with the knowledge you need to make informed decisions about your...

The New Year is here, and with it comes exciting opportunities in the real estate market. Whether you are looking to buy your dream home, sell your property, or invest in Vaughan, Maple, Richmond Hill, or the Greater Toronto Area, staying informed about current trends is the first step toward success. What Does the 2025 Real Estate Market Look Like? The real estate market in Ontario is poised for...

In a surprising move, Chrystia Freeland, Canada’s Deputy Prime Minister and Finance Minister, announced her resignation from Prime Minister Justin Trudeau’s cabinet. Freeland cited growing differences with the government’s policy direction and the need to focus on other opportunities. This marks a pivotal change in Canadian politics, as Freeland was instrumental in managing the country’s pandemic...

The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%. The Bank is continuing its policy of balance sheet normalization. The global economy is evolving largely as expected in the Bank’s October Monetary Policy Report (MPR). In the United States, the economy continues to show broad-based strength, with robust...

On December 11, 2024, the Bank of Canada is expected to announce another interest rate cut, marking the fifth reduction this year. Economists anticipate a 25 basis point decrease, lowering the policy rate from 3.75% to 3.50%. Some experts suggest the possibility of a larger 50 basis point cut, reflecting efforts to stimulate the economy amidst slower growth. This decision could have a significant...

In an exciting update for first-time homebuyers, the Canadian government has introduced significant reforms to make homeownership more accessible. These changes include extending mortgage amortization periods and raising eligibility caps, offering more flexibility and affordability in the housing market. Here’s what you need to know: 1. 30-Year Mortgage Amortizations First-time homebuyers...

Vaughan, Ontario, continues to evolve as one of the fastest-growing cities in the Greater Toronto Area. Known for its dynamic neighborhoods like Maple, Woodbridge, and Kleinburg, Vaughan is making headlines with exciting new developments that offer unique opportunities for buyers and investors alike. New Developments in Vaughan Vaughan’s commitment to urban expansion is evident with projects...