The spring market is not off to a great start in the Toronto area, with March marking the lowest home sales for the month in more than two decades. This despite homeownership becoming more affordable, with borrowing costs and home…
Homebuyers continue to benefit from substantial choice and negotiating power in the Greater Toronto Area (GTA). Home sales were down 27.4% in February, compared to the same month last year, while listing inventory remained high — an astonishing 93% above…
The trade war launched by the Trump administration has the potential to negatively impact the Canadian housing market. If prolonged, tariffs will strain this country’s economy and labour market and worsen affordability. At the start of the year, before the…
Approximately 1.2 million mortgages will renew in 2025, the vast majority of which were secured when the Bank of Canada’s key lending rate was at or below 1%. While interest rates have trended down since June 2024, from their two-decade…
The year started off with Greater Toronto Area (GTA) sales down by 7.9% and listings up by 48.6% compared to January 2024. The average selling price for all home types saw little change over the same time period, increasing slightly…
Despite a sluggish year, Toronto-area real estate prices ended 2024 just 1.6% lower than December 2023, with an average sale price of $1,067,186. Breaking sales prices down by segment, the average price of a detached home was $1,399,209, reflecting a…
Sales activity began to flourish again in the final months of 2024, following sluggish demand over summer. This trend should continue well into 2025, according to a new report by Royal LePage. Several converging factors are revitalizing the real estate…
The Bank of Canada reduced its overnight policy rate by another 50 basis points on Dec. 11, in response to slowing GDP growth and rising uncertainty around trade tariffs. This marked the second consecutive oversized interest rate cut, bringing the…
Home sales across the Greater Toronto Area continued to rise in November, as more buyers jumped into the market due to lower borrowing costs. New listings were also up but by a much lesser annual rate. This meant market conditions…
After months of sluggish activity, the Greater Toronto Area real estate market saw sales surge across all asset classes in October. However, the number of properties that went under contract also swelled to 6,658, marking a 33% increase from September,…
Clare Tattersall
Sales Representative
Direct: 647.625.3282
Office: 416.762.8255
Email: clare@realtorontowest.com
Royal LePage Real Estate Services Ltd., Brokerage
2320 Bloor St. W., Toronto, ON M6S 1P2
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