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Home Buyers Experience Less Competition in May July 1, 2024 May home sales continued at low levels, especially in comparison to last spring’s short-lived pick-up in market activity. Home buyers are still waiting for relief on the mortgage rate front. Existing homeowners are anticipating an uptick in demand, as evidenced by a year-over-year increase in new listings. With more choice compared to a year ago, […] Read More
More Choice for Home Buyers in April May 8, 2024 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 […] Read More
Maximizing Your Home’s Value with Small Renovations April 12, 2024 Maximizing your home’s value doesn’t always mean diving into big, costly renovations that eat up a lot of your time, effort, and budget. Often, it’s the smaller, easy-to-manage updates that can make a difference, boosting your home’s appeal and value. These cost-effective tweaks can transform your living space, making it more attractive to potential buyers […] Read More
Interest Rate Announcement: Steady As She Goes, Until “Downward Momentum is Sustained” April 10, 2024 Bank of Canada Holds Interest Rate at 5% The Bank of Canada has held its benchmark interest rate at 5%, marking the sixth consecutive pause after a tightening campaign in 2023 to cool high inflation. It appears to be working, with the inflation rate easing back to 2.8 per cent in February. Price pressures have eased across […] Read More
Selling Prices Up In March and Set to Accelerate This Spring April 3, 2024 March 2024 home sales reported through TRREB’s MLS® System were lower than the March 2023 result, due in part to the statutory holiday Good Friday falling in March this year versus April last year. Despite a better-supplied market compared to last year, there was enough competition between buyers to see a moderate increase in the […] Read More
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