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…
Tag: selling advice
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…
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…