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Toronto Luxury Home August Resale Statistics Released September 13, 2023 Higher borrowing costs, continued uncertainty about the economy and Bank of Canada decision making, and the constrained supply of listings resulted in fewer home sales in August 2023 compared to August 2022. The average selling price remained virtually unchanged over the same period. On a seasonally adjusted monthly basis, sales and average price edged lower. […] Read More
Interest Rate Hikes Off The Table With Weak Q2 GDP Growth In Canada September 4, 2023 Here is some positive news in the mortgage world that will be well received (especially for the variable rate mortgage holders). Rate Hikes Are Definitely Off The Table The Canadian economy weakened surprisingly more in the second quarter than the market and the Bank of Canada expected. Real GDP edged downward by a 0.2% annual […] Read More
Buying a New Luxury Home vs. a Resale Luxury Home in Toronto August 30, 2023 Purchasing a Toronto luxury home is one of the most significant investments and decisions many Toronto luxury homebuyers will make. However, prospective Toronto luxury homebuyers are often faced with choosing between a new or resale home. By weighing the pros and cons of each option, Toronto luxury homebuyers can make an informed decision that best […] Read More
Top 5 Summer Curb Appeal Tips for Toronto Luxury Homes August 9, 2023 As the famous saying goes, don’t judge a book by its cover – except, of course, when we’re talking about Toronto luxury real estate. When luxury buyers are hunting for their dream home, curb appeal can be the deciding factor on whether or not they want to take a closer look inside. Here are five […] Read More
July 2023 Toronto Luxury Resale Market Statistics Released August 6, 2023 Toronto luxury home sales, new listings and home prices were up in July 2023 in comparison to July 2022. On a seasonally adjusted basis, the market experienced more balance in July compared to June, with sales trending lower while new listings were up. Toronto luxury home sales continued to be above last year’s levels in […] Read More
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