Overview: a look at the potential impacts of COVID-19 vaccines on Toronto real estate, including buying, selling, renting and more. According to CTV News: Ontario is seeing almost a doubling of the rate of vaccines getting out of freezers and into arms… Just as the pandemic disrupted Toronto’s housing market, vaccines are set to do it once again. Buying, selling,…
Tag: Toronto housing
Post-COVID: Toronto Real Estate In 2021 and Beyond
Overview: a look at Toronto’s housing market post-COVID, including home prices, house vs condo sales, immigration and more. 2020 has been one terrible surprise after another. So how can anyone predict what next year will look like? While we can’t be 100% accurate, we can use the latest data and trends to forecast 2021 with some confidence. Plus hope is…
October 2020 Housing Market: GTA Shatters Records
Overview: a look at Toronto’s October 2020 Housing Market, including its transition to a buyers market, house vs condo sales, prices, the impacts of COVID-19, and more. Our last market report ended with the question: what does next month hold for Toronto’s housing market? We now have a definitive answer. According to the latest data, total sales, new listings, and…
Toronto Has Officially Become A Buyer’s Market – Listing up 215%
Overview: a look at the current buyers market and why now is the perfect time to invest in Toronto real estate. According to blogTO: With 4,539 new builds sold in the area, last month marked a shocking 217 per cent increase from August 2019, with numbers 119 per cent higher than the 10-year average. But it’s not just the sheer…
August 2020 Housing Market Report: The Hot Streak Continues
Overview: a look at the GTA’s August 2020 Housing Market numbers, with insights on home prices and listings, detached home vs condo sales, the ongoing impacts of COVID-19, and more. Our last market report examined Toronto’s record recovery and ended with the following statement: If the July 2020 Housing Market numbers have one clear message, it’s that Toronto real estate…
8 Pre-Buying Tips To Find Your Dream Home
Overview: 8 pre-buying tips you can use to find your dream home in a way that’s quick, easy, and safe. Buying a home is probably the biggest investment you’ll make in life. While it can be stressful under normal circumstances, it’s especially challenging during a pandemic. But by following the tips laid out in this blog, you can avoid obstacles,…
July 2020 Housing Market: Toronto’s Record Recovery
Overview: an in-depth look at July 2020 Housing Market and the dependability of Toronto real estate, including record-setting home prices, sales and new listings—despite the COVID-19 pandemic. In our 2020 Spring Market Forecast—at the height of the pandemic—we asked a simple question: Is Toronto real estate immune from economic uncertainty and health panics? It turns out the GTA housing market…
How to Buy & Sell Real Estate in the Age of COVID-19
Overview: advice for buying and selling real estate during the COVID-19 crisis, including a look at the tools and strategies realtors can employ to ensure safe, successful transactions. COVID-19 has disrupted everything—from the monumental, such as our jobs and social lives, to the minute, like getting a haircut. Real estate is no exception. On March 21st, The Ontario Real Estate…
2020 Spring Market Forecast: What’s In Store for Toronto?
Overview: an in-depth look at Toronto’s upcoming 2020 spring market, including the impact of the coronavirus and economic uncertainty on buying and selling real estate. In our last spring market blog, we correctly predicted that “Toronto’s housing market is ready for another strong season.” February saw a 16.7% increase in average home prices across the GTA and sales were up…
March 2020 Interest Rate Cuts: Everything You Need To Know
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…
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…
Benchmark Interest Rate: 2018-2019 Overview
The Decision Not To Raise Rates Steady as she goes. That seems to be the Bank Of Canada’s motto as, for the first time in over a year, it’s keeping the benchmark interest rate unchanged. In fact, since June 2017 both the central and chartered banks have hiked their rates a total of 5 times, the last occasion being October.…
Toronto’s Winter Housing Market 2019 Overview
Winter might not seem like the best time to buy or sell property, but the facts say otherwise. According to The Daily Hive, Toronto’s current housing market can be considered “Balanced” with a Sales-To-New-Listings-Ratio (SNLR) of 57%. That means it’s a great time for both buyers and sellers to get in on the action. Let’s take a closer look at…
Rising Interest Rates: Everything You Need To Know
Understanding The New Interest Rate Hike The Bank of Canada recently raised its key overnight rate by 25 basis points to 1.5%. Big banks like TD and BMO also followed suit, increasing their prime lending rate to 3.70% So how does this affect Toronto’s real estate market? The short answer: positively. While it costs more to borrow, the rate hike is…