Overview: a look at the January 2023 interest rate hike, including its impact on Toronto home sales, prices, inventory and mortgages, plus predictions for future rate increases. On January 25, the Bank of Canada (BoC) raised its overnight lending rate by 25 basis points to 4.50%. Although that was the 8th consecutive hike from the BoC, it also marks the…
Tag: mortgages
2022-2023 GTA Housing Market Review & Forecast
Overview: a look back at the 2022 GTA housing market and predictions for 2023. Topics include home sales, prices, inventory, interest rates, inflation, mortgages and more. 2021 saw a buying frenzy due to record-low interest rates. 2022 saw a sharp drop in home sales and prices after multiple rate hikes. What will the housing market bring in 2023? More rate…
GTA Home Sales & Prices Plunge In September 2022
Overview: a look at the September 2022 housing market numbers for Toronto and the GTA, including sales, prices and inventory. Plus insights on the condo market and immigration. Home sales, prices and listings were all down big in September, but there is a silver lining. It’s still a buyer’s market, and those who were previously priced out of the market…
The Ultimate Credit Score Guide For New Home Buyers
Overview: a guide for new home buyers looking to build their credit score and qualify for a mortgage. It determines whether your mortgage is approved or denied, how much interest you’ll pay on your home loan, the terms of your mortgage, and the availability of lenders. And with interest rates soaring, qualifying for a mortgage is becoming increasingly harder—especially for…
August 2022 Market Report: GTA Home Sales & Prices Drop
Overview: a look at the August 2022 housing market numbers for Toronto and the GTA, with a focus on condos, rentals, and the impacts of the latest interest rate hike. The following headlines sum up the August 2022 housing market: Toronto Home Prices Drop 16% in Historic Five-Month Slump —Bloomberg Home prices and sales in August see month-over-month growth for…
June 2022 Market Report: GTA Now A Buyer’s Market
Overview: a look at the June 2022 housing market numbers, Toronto’s transition into a buyer’s market, plus advice for buyers and sellers. That’s because, after years of waiting, Toronto has finally become a buyer’s market. In fact, the last time Toronto was in buyer’s market territory was in 2020, but that was short-lived as home sales and prices quickly broke…
May 2022 Market Report: GTA Heading Towards Buyers Market
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…
Condo Case Study: How I Sold A $3.4 Million Toronto Penthouse
Overview: a case study of how I sold a $3.4 million Toronto penthouse, with insights on marketing, luxury condos, and the future of Toronto real estate. It’s no secret that GTA home prices have been soaring over the past few decades. In spite of ongoing health restrictions, job uncertainty and the prospect of interest rates hikes, buyers are still eager…
38 Monte Kwinter Court Unit 423 – 2 Beds + 1 Bath – Sold
https://www.youtube.com/watch?v=4zEjlc0JT-8 Overview: 38 Monte Kwinter Court Unit 423 is a newly-painted 2-bedroom, 1-bath unit with an eat-in kitchen and extended balcony. Enjoy modern amenities and a scenic North York location. Building Name: The Rocket Condos Address: 38 Monte Kwinter Ct #423, Toronto, ON M3H 0E2 Neighbourhood: Clanton Park (North York) Developer: Metropia Architect: gh3 and CMV Group Interior Designer:…
55 Bremner Blvd Unit 4709 – 2 Beds + 2 Baths – Sold
Overview: 55 Bremner Blvd Unit 4709. Large 2 bed, 2 bath unit with an eat-in kitchen and spectacular CN Tower and Lake Ontario views. Enjoy amazing amenities, parking and a gorgeous Waterfront location. Building Name: Maple Leaf Square Condos Address: 55 Bremner Blvd – Unit 4709, Toronto ON, M5J 0A6 Neighbourhood: Toronto Waterfront Developer: Lanterra Developments Architect: KPMB and Page…
388 Yonge St PH 7907 – 3 Bed + 2.5 Bath Penthouse – Sold
Overview: 388 Yonge St PH 7907. Massive penthouse suite with 3-bedrooms, 3-baths, high-end kitchen & $300,000+ worth of upgrades. Enjoy a private 2-car garage, locker and a location in the Bay St Corridor. Building Name: Aura Condos Address: 388 Yonge St – Ph 7907, Toronto ON M5B 0A4 Neighbourhood: Bay Street Corridor Developer: Canderel Stoneridge Architect: Graziani + Corazza Interior…
1 Bloor St E Unit 3409 – 1 Bed, 2 Baths + Den – Sold
Overview: 1 Bloor St E Unit 3409 is a 1-bedroom condo with upgraded bathrooms and a convertible den. Enjoy 50,000 sq. ft. of amenities, parking, locker, and a downtown Yonge and Bloor location. Building Name: One Bloor Condos Address: 1 Bloor Street East – Unit 3409, Toronto ON, M4W 1A9 Neighbourhood: Yonge & Bloor Developer: Great Gulf Architect: Hariri Pontarini…
49 Granby St – 3 Beds + 2.5 Baths – Freehold Townhouse – Sold
Overview: 49 Granby St is a freehold townhouse with 3 bedrooms, 2.5 baths, an eat-in kitchen, massive family room, big backyard, garage and driveway parking, and an amazing downtown location! Address: 49 Granby St Toronto, ON M5B 1H8 As featured on Toronto Star Neighbourhood: Yonge and Carlton (Church-Yonge Corridor) Parking: 1 garage + 1 driveway # of Storeys: 3 Size:…
155 Yorkville Ave Unit 712 – 1 Bed + 1 Bath – Sold
Overview: 155 Yorkville Ave Unit 712 is a fully-upgraded, 1-bedroom, 1-bath condo with a high-end kitchen, hotel-inspired amenities and a posh Yorkville location. Building Name: Residences of Yorkville Plaza Address: 712-155 Yorkville Ave Toronto, ON M5R 1C4 Neighbourhood: Yorkville Developer: Camrost-Felcorp Architect: WZMH Architects Interior Design: The Design Agency Property Manager: ICC Property Management Year Built: 2017 # of Units:…
763 Bay St Unit 1614 – Bachelors Unit With Locker – Sold
Overview: 763 Bay St Unit 1614 is a spacious bachelors unit with an eat-in kitchen and 4-piece bath. Enjoy incredible amenities and a location in the Bay Street Corridor! Building Name: College Park North Tower Address: 1614-763 Bay St Toronto, ON M5G 2R3 Neighbourhood: Bay Street Corridor Developer: Canderel Stoneridge Architect: Graziani + Corazza Interior Designer: Chapman Design Group Property…