Category: Uncategorized
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Greater Toronto Area Home Sales Plummet Amid Economic Uncertainty
Home sales in the Greater Toronto Area (GTA) fell sharply in February, with a 27.4% decrease from the previous year, totaling 4,037 sales. Average home prices also declined by 2.2% to $1,084,547. The increase in newly listed properties to 12,066 contrasts with a 76% rise in total inventory, indicating a supply-demand imbalance. Economic uncertainties, particularly…
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Happy April Fool’s Day
Breaking news! Interest rates at pre-pandemic levels, mortgage rates at all-time low, announces Fed. It's a dream come true for homebuyers who have been waiting for the perfect time to enter the market! Dream on… Happy April Fool’s Day!
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What is the best month to buy or sell a home in the Greater Toronto Area?
A new report suggests that spring is typically the busiest season for home sales in the Greater Toronto Area, with price increases expected in the first half of 2025. However, the best month to sell varies by neighborhood. Last year, April had the highest overall sales, followed by May, while some areas peaked in different…
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Greater Toronto and Hamilton Area Housing Crisis: Hidden Costs, Bold Solutions
Housing unaffordability in the Greater Toronto and Hamilton Area (GTHA) poses a significant economic crisis, impacting workforce retention and livability. Nearly half of households earn between $40,000 and $125,000, yet struggle to find stable housing, often spending over 30% of their income on rent or facing long commutes. Without intervention, the crisis will worsen, increasing…
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Why Does Toronto’s Housing Market Show a Stark Split?
Toronto’s housing market faces a widening divide, with Ontario lagging behind the rest of Canada. Despite a stable market, Toronto's condo sector reveals a weak spot in the national housing scene.
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Is GTA’s Housing Market Slowing Down in Early-Q1?
GTA REALTORS® reported 3,847 home sales in January 2025, a 7.9% decrease from last year. Despite fewer sales, new listings surged 48.6% year-over-year, reaching 12,392 in January 2025.
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GTA New Home Sales Plummet to 40-Year Low
GTA new home sales hit a 40-year low in December, with only 310 units sold.New condo sales in December ↓ 63% yearly, and were 86% below the 10-year avg.
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Happy Nowruz
Nowruz is a 3,000-year-old festival, making it one of the oldest in the world. Haft-Sin is a Nowruz table, featuring 7 symbolic items, all beginning with "sin" and representing different aspects of life. Nowruz celebrated by over 300M worldwide, including Iran, Afghanistan, Tajikistan, Uzbekistan, Azerbaijan, and many more. Nowruz is a time for forgiveness and…
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Tips for First-Time Home Buyers in Toronto
Toronto Market Overview: – High demand, frequent bidding wars – Avg home price exceeds $1.1M – Mortgage pre-approval is essential First-Time Buyer Assistance: – Withdraw $60K tax-free from RRSP – $1,500 rebate with Tax Credit – Save $40K via First Home Savings
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Happy St. Patrick’s Day
St Patrick's Day is the day we all turn a bit Irish. 13 million pints of Guinness are consumed worldwide on St. Patrick's Day. Green is now the traditional color of St. Patrick's Day.