GTA REALTORS Release July Stats GTA Real Estate Market Update by Toronto Real Estate Board In July 2023, the Greater Toronto Area (GTA) real estate market exhibited increased balance compared to the previous month. Home sales in the GTA reached 5,250, representing a 7.8% increase over July 2022, while new listings rose by 11.5% year-over-year. […]
You can keep yourself and your house cool this summer and be kind to the environment at the same time. Here’s how. For many people, summer means BBQs, beach cricket and dips in the pool. But there are days when that harsh summer sun isn’t quite so fun and cranking up the air-con at home […]
If you’re thinking about selling your home, it’s important to make sure it’s in the best possible condition to attract potential buyers and maximize your sale price. Here are some tips to help you prepare your home for a successful sale. Make Necessary Repairs Before listing your home, it’s important to address any necessary repairs […]
Buying a home is a big investment, and it’s important to know what you’re getting into before you sign on the dotted line. A home inspection is a crucial step in the home-buying process, as it can help identify any potential issues with the property. In this article, we’ll take a closer look at the […]
Appraisal Tips for Success Before banks or lending institutions can consider loaning money for a property, they need to know the current market value of that property. The job of an appraiser is to check the general condition of your home and determine a comparable market value based on other homes in your area. This […]
Homeowner Insurance 101 Not all insurance products are created equal. It is important to understand all the different insurance products to ensure you have proper coverage. Below are the main insurance product options you will encounter with homeownership, and what they mean: Default Insurance: This insurance is mandatory for homes where the buyer puts less […]
The new guidelines issued by the Financial Consumer Agency of Canada recommend that Canadian banks take steps to assist mortgage holders who are facing difficulties due to a rapid spike in interest rates. These measures aim to alleviate the burden on borrowers and help them stay afloat. The guidelines include the following recommendations: Waiving […]
GTA REALTORS Release June 2023 Stats GTA Real Estate Market Update by Toronto Real Estate Board In June 2023, home sales and average selling prices in the Greater Toronto Area (GTA) remained higher than the previous year. However, seasonally adjusted sales decreased compared to the previous month. The average selling price and MLS® Home Price […]
The Greater Toronto Area Real Estate Market: Strong Prices, Decreased Sales, and High Competition The real estate market in the Greater Toronto Area (GTA) has remained strong over the past year, with an average price of $1,196,101 for all property The real estate market in the Greater Toronto Area (GTA) has remained strong over the […]
Did you know? The Canadian government has a program known as the Home Buyers’ Plan (HBP), which is designed to allow first-time home owners to withdraw up to $35,000 from RRSP for the purpose of buying a home! Purchasing with your spouse? You can access a total of $70,000 from your RRSP’s. The Home Buyers’ […]
Did you know? The Canadian government has recently introduced a First Home Savings Account (FHSA). This account is specifically designed to help first-time homebuyers save for their down payment without having to pay taxes on the interest earned on their savings. This means that the interest earned on the savings in the account is […]
In March 2023, the Greater Toronto Area (GTA) housing market saw an increase in competition between buyers, with sales accounting for a larger share of listings than in March 2022. Although sales were down 36.5% compared to the previous year, actual and seasonally adjusted sales were up month-over-month. The average selling price was up month-over-month […]
GTA REALTORS Release February 2023 Stats GTA Real Estate Market Update by Toronto Real Estate Board The Toronto Regional Real Estate Board (TRREB) has reported that sales in the Greater Toronto Area (GTA) were down 47% in February 2023 compared to February 2022, the last full month before interest rate hikes were introduced. The number […]
GTA REALTORS Release January Stats GTA Real Estate Market Update by Toronto Real Estate Board TORONTO, ONTARIO, February 3, 2023 – As we moved from 2022 into 2023, the Greater Toronto Area (GTA) housing market unfolded as expected. The number of January sales and the overall average selling price were similar to December 2022. On […]
As you may or may not have heard beginning January 1, 2023, the federal government has implemented a new law prohibiting the purchase of residential property by non-Canadians for a period of two years (the “New Law”). Here we provide a brief overview of the prohibition itself, who and what it includes, as well as […]