Welcome to the July 2024 edition of our Toronto Real Estate Market update. The rollercoaster ride continues, folks. As we navigate through the aftermath of a Bank of Canada rate cut, we find ourselves in a market that’s playing the long game.
Last month, home sales in the Greater Toronto Area (GTA) took a breather. Despite the tantalizing rate cut a...
On June 5, 2024, the Bank of Canada announced a significant shift in its monetary policy, reducing the target overnight lending rate from 5% to 4.75%. This is the first rate cut since March 2020, a decision that many financial analysts had anticipated. Let's dive into what this means for the Toronto real estate market and how it can impact your hom...
It's time for your latest real estate market update for June 2024. May has left us with some significant insights and trends that are worth exploring. Let's dive into what’s happening in our dynamic market.
Low Sales, High Hopes
May's home sales continued at relatively low levels, especially when compared to last spring’s brief surge in market activi...
In the realm of real estate, every season brings its own tale, and spring is no exception. As the sun graces the horizon and flowers bloom, the Canadian housing market sees a flurry of activity, with new listings sprouting like daisies in a field. But amidst this blossoming landscape, there lies a sense of caution among home buyers, a hesitancy to...
Last month's home sales took a slight dip compared to the same time last year, but don't hit the panic button just yet. Here's the lowdown:
In April 2024, the Greater Toronto Area (GTA) saw a moderate decrease in home sales from April 2023. However, the plot twist lies in the surge of new listings, which shot up by a whopping 47.2 per cent year-over...