The Canadian Real Estate Association (CREA) has lowered its housing market forecast for the remainder of the year. Despite consecutive interest rate cuts by the Bank of Canada in recent months, the market has remained in a holding pattern and…
Toronto-area home sales increased in September, indicating buyers are back house hunting and starting to take advantage of lower interest rates, but the kick-off month of the fall market performed more moderately than expected. Sales were up year-over-year by 8.5%,…
The malaise that has hung over the Greater Toronto Area (GTA) housing market since spring lingered in August, with the last full month of summer ending the selling season on a low note. Sales activity was sluggish compared to the…
The Greater Toronto Area real estate market saw a rise in buyer activity in July. Sales increased 3.3% compared to the same period last year. However, month-over-over, home sales fell 1.7% as buyers remained unmotivated, despite two consecutive interest rate…
After more than two years of elevated borrowing costs, interest rates finally dropped in June, but it has not yet translated into increased sales. Many buyers kept their home purchase decisions on hold, resulting in sales falling in the Greater…
Like April, May home sales were slower than average, especially in comparison to last spring’s short-lived pick-up in market activity. Just over 7,000 homes traded hands in May, down 21.7% or nearly 1,950 transactions from May 2023. With new listings…
Home sales in the Greater Toronto Area (GTA) were down in comparison to April 2023, when there was a temporary resurgence in market activity. With new listings strongly up year-over-year, there was increased choice for homebuyers and little movement in…
The Greater Toronto Area (GTA) saw increases in sale prices, inventory levels and buyer activity in March. The average price of a home is now $1,121,615, a gain of 1.2% from the same month last year. Toronto proper experienced a…
The Greater Toronto Area (GTA) housing sector witnessed a strong surge in activity throughout February, setting an optimistic tone for the region’s real estate market heading into spring. With a total of 5,607 homes sold, representing an impressive 33% increase…
Some Ontario homeowners may be feeling remorse after 2023 saw real estate prices fall (again) amid another round of interest rate hikes. According to a recently released report by Point2Homes, single-family homes in Burlington that were purchased at the end…
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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