The GTA housing market saw significant growth in November 2024, with 5,875 home sales, a 40.1% increase compared to November 2023, and 11,592 new listings, up 6.6% year-over-year, creating tighter market conditions. The average selling price rose 2.6% to $1,106,050, while the MLS® Home Price Index (HPI) Composite Benchmark declined by 1.2%, a smaller drop […]
In October 2024, the Greater Toronto Area (GTA) saw a significant boost in home sales, with 6,658 properties sold—up 44.4% from October 2023’s 4,611 sales. New listings increased more modestly by 4.3%, totaing 15,328, which tightened market conditions compared to last year. The average selling price rose slightly, up 1.1% to $1,135,215, while the MLS® […]
In September 2024, home sales in the Greater Toronto Area (GTA) increased by 8.5% year-over-year, with 4,996 transactions reported compared to 4,606 in September 2023. New listings also rose by 10.5%, reaching 18,089. The MLS® Home Price Index Composite benchmark dropped by 4.6%, while the average selling price declined by 1% to $1,107,291. Buyers benefited […]
In August 2024, GTA home sales dropped by 5.3% compared to the same month in 2023, with 4,975 sales reported. However, new listings increased slightly by 1.5%, reaching 12,547. The average home price saw a slight decrease of 0.8% year-over-year, settling at $1,074,425. The MLS® Home Price Index Composite benchmark fell by 4.6% during the […]
In March 2024, Greater Toronto Area (GTA) home sales dipped by 4.5% compared to the same month in 2023, totaling 6,560 sales. This decline is partly attributed to the timing of the Good Friday holiday. Despite a 15% increase in new listings over the same period, the market remained competitive, leading to a moderate 1.3% […]
Staying Cozy this Winter For some, winter is the best time of the year, while others will find the season less than ideal. Whether you live for the cold and snow or are counting down the days to BBQ season, the comfort of a warm home is something everyone can get behind. It’s quite […]
Converting Your Basement to an Income Suite With the current interest rates and economic scenarios, many Canadians may be looking for ways to bring in some extra cash. One option for this is to put your home equity to work and consider renovating your basement into a legal income suite! You can do this by […]
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 […]
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 […]
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 […]
GTA REALTORS Release December 2022 Stats GTA Real Estate Market Update by Toronto Real Estate Board TORONTO, ONTARIO, January 5, 2023 – The Greater Toronto Area (GTA) housing market experienced a marked adjustment in 2022 compared to record levels in 2021. Existing affordability issues brought about by a lack of housing supply were exacerbated by […]