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...
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)...
Real estate agents in Ontario are required to walk you through this guide before providing services or assistance to you. Working with a real estate agent — page 2This section describes the benefits of working with a real estate agent, what you can expect,and the responsibilities of clients.Know the risks of representing yourself — page 4This section explains the risks if you choose not to work...
Introduction: Investing in a pre-construction property in Ontario is an exciting venture, offering the opportunity to tailor your dream home or make a sound real estate investment. However, it's essential to navigate the financial landscape with a clear understanding of the associated costs. In this blog, we'll delve into the realm of pre-construction closing costs in Ontario and shed light on the crucial...
Introduction: Embarking on the journey of purchasing a pre-construction condo in Ontario can be a thrilling adventure filled with anticipation and potential. However, it's crucial to navigate this process with knowledge and awareness. In this guide, we'll explore some must-knows for those considering investing in pre-construction condos in Ontario. Understanding the Pre-Construction Phase: Buying a...
Selecting a mortgage is one of the biggest – and most stressful – financial decision made by many Canadians. But a clear understanding of a few basic terms and concepts can help allay some the anxiety. Here’s a primer on the basics of mortgages, along with insights into the current market. THE BASICS What is a mortgage? In plain terms, a mortgage is a loan most often used to buy a house,...
Your home is likely your largest and biggest investment you will ever make. When thinking of selling and to maximize the value of your investment you will need to spend some cash before it hits the market and also costs involved after closing. Let's go over some of the obvious and less obvious costs of selling you home. Expected Costs of Selling a Home in Ontario: 1- Realtor...
Compare listings
Compare