Overview: a look at the Bank of Canada’s March 2020 interest rate cuts and their impact on Toronto’s housing market, including mortgages, buying and selling property, and the future of Toronto real estate. These two cuts, coming within days of each other, mark the biggest rate cuts since 2009—and the first in almost 5 years. Shortly afterwards, Canada’s major banks…
Tag: GTA housing market
2020 Toronto Housing Market: What To Expect
Now that the latest figures are in, we have a clear answer to the question: how did the market perform last year? According to the Toronto Real Estate Board (TREB): Total sales for calendar year 2019 amounted to 87,825 – up by 12.6 per cent compared to the decade low 78,015 sales reported in 2018. In other words, 2019 was…
GTA Housing Market Report: November 2019
Overview: a look at the November 2019 GTA Housing Market Report, including sales figures, price changes, house and condo sales, the new sellers’ market, and the overall state of the GTA real estate market. The November 2019 GTA Market Report is in, and like last month’s report, the numbers are very optimistic. Once again, the GTA housing market is on…