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Canadian and Toronto Luxury Real Estate Fall 2023 Report
November 9, 2023
As Canada’s housing market continued to wrestle with the challenges of elevated mortgage rates, uneven economic performance and intense geopolitical turbulence, reviving luxury single family home sales in the third quarter of the year revealed the relative resilience and adaptability of luxury real estate buyers, as well as Canadians’ unwavering desire to attain home ownership. […]
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October 2023 Toronto Resale Home Report
November 4, 2023
Lack of affordability and uncertainty remained issues for many would-be home buyers in Toronto in October 2023. As a result, sales edged lower compared to last year. However, selling prices remained higher than last year’s levels. Record population growth and a relatively resilient Toronto economy have kept the overall demand for housing strong. However, more […]
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September 2023 Toronto Luxury Home Resale Report
October 10, 2023
The impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions and slower economic growth continued to weigh on Toronto luxury home sales in September. However, despite the market being better-supplied with listings, the average selling price was up year-over-year. The short and medium-term outlooks for the Toronto luxury housing market […]
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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. […]
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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 […]
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