Overview: a look at the May 2022 GTA housing market, its shift towards more balanced conditions, and why now is the perfect time to buy a home. This recent headline from The Star sums it up clearly: GTA home prices drop $121K from February peak as rising rates gut sales Interest rates are rising, prices are plunging and sales are…
Tag: GTA housing market
GTA Housing Market Shows Signs of Cooling in March 2022
Overview: a look at the March 2022 GTA housing market, with insights on sales, prices, and inventory, plus advice for buying and selling. March was a remarkable month for Toronto real estate, with average home prices setting yet another record. The month also saw the first interest rate hike in 4 years, changes to the Foreign Buyers Tax, and record…
February 2022 GTA Housing Market: Sales Dip, Prices Rip
Overview: a look at the February 2022 GTA housing market numbers, with insights on sales, prices, inventory, interest rates & new Shared Equity Program. Like the last few months, February saw falling sales, rising prices and lacklustre listings. However, there are also major changes on the horizon. For instance, interest rates are climbing after being at historic lows since the…
Canada’s Immigration & Toronto’s Luxury Real Estate Market
Overview: a look at the impacts of record immigration on Toronto’s luxury real estate market in 2022, including on sales, prices, houses and condos. I recently sold a $3.4 million penthouse. That sale speaks to a wider demand for luxury real estate in Toronto—a demand that will only grow with immigration. In fact, Canada is set to welcome a record…
March 2nd Interest Rate Hike: Everything You Need To Know
Overview: a forecast of the Bank of Canada’s March 2nd interest rate hike and its impact on Toronto’s housing market, plus advice on buying, selling and mortgages. After years of keeping interest rates at historic lows, the Bank of Canada (BoC) seems poised to raise them at last. In fact, rates have been holding steady at 0.25% since March 27,…
Record Finish: GTA Home Prices Jump 24.2% In December
Overview: a look at the record-breaking December 2021 GTA housing market numbers, predictions for 2022, and advice for buying and selling in the new year. Despite freezing temperatures, a new variant and ongoing health restrictions, the December 2021 housing market once again broke records. While 2021 was a great year for real estate overall, December did have its highs and…
2021-2022 GTA Housing Market Review & Forecast
Overview: a year-end review of Toronto real estate and predictions for the 2022 GTA housing market. COVID continued to disrupt our jobs, lives, travel plans and the housing market. However, there were some positive developments, such as the accelerated vaccine rollout starting mid-April. As a result, schools, businesses and borders were able to reopen. The real estate market also benefited.…
October 2021 & The GTA Condo Market Comeback
Overview: a look at the October 2021 housing market, with a special focus on condos. Plus an analysis of GTA home sales, prices, inventory, and advice for buyers and sellers. Like a zombie, Toronto home prices kept rising and rising. It was an especially good month for condos, which posted double-digit gains in both home prices and sales. But there…
August 2021 GTA Housing Market: Prices Soar As Sales Plunge
Overview: a look at the August 2021 GTA housing market, including key sales data, future trends, and advice for home buyers and sellers. On one hand you had headlines like this from BNN Bloomberg: Toronto housing at ‘crisis point’ as prices surge On the other hand, you had headlines like this from Daily Hive: Number of new home listings in…
My Breakfast Television Interview On Millennial Home Buyers
Overview: my interview with Breakfast Television, with thoughts and insights on the current housing market, plus tips for Millennials looking to buy their first home! I recently sat down for an interview with Breakfast Television. The topic: Millennial homebuyers and the challenges they face. I also shared my thoughts and insights on the current housing market, and offered tips for…
Why Millennials Shouldn’t Wait To Buy A Home
Overview: a look at why Millennials should buy a home now—before prices rise and competition heats up. A Quarter Of Canadians Aged 25 To 35 Bought Real Estate During The Pandemic That headline from Better Dwelling provides a clear answer. Homeownership isn’t just some far off dream for most Millennials—it’s an everyday reality. In fact, a recent survey finds that…
Hong Kong Permanent Residency & Toronto Home Prices
Overview: a look at the new permanent residency pathways Canada is offering Hong Kong residents and its impact on Toronto home prices. That number is set to skyrocket thanks to two new permanent residency pathways. According to CBC News: Canada is offering two new paths to permanent residency for Hong Kong residents who work here or are recent graduates already…
5 Toronto Neighbourhoods To Invest In Before the City Returns To Normal
Overview: A List of 5 Toronto Neighbourhoods To Invest In Before the City Returns To Normal While COVID has inflamed Toronto home prices, it’s actually made some neighbourhoods more affordable. As Properly explains: Real estate is hot everywhere in Toronto, but with downtown dwellers looking for more space and more affordability, home values in areas on the outskirts of the…
A Foreign Investors Guide To Buying Toronto Real Estate [Updated 2022]
Overview: a foreign investors guide to Toronto real estate, with advice on taxes, mortgages, rebates, down payments, location, property types, and more. Then you’ve come to the right place. This guide will walk you through everything you need to know, from basics such as who can buy real estate in Canada, to more complex issues such as taxes, legal hurdles…
The New Mortgage Stress Test Is Coming—Are You Ready?
Overview: a look at the new mortgage stress test and its impact on Toronto’s housing market, including home sales, prices, mortgages, buying power and more. Starting June 1st, the federal government is updating its stress test and making it tougher. The goal? To cool down the country’s red-hot real estate market and make it harder to buy a home. Just…