The Bank of Canada raised its key interest rate again on Sept. 7, this time by three-quarters of a percentage point. For homeowners with a variable rate mortgage that fluctuates according to the key interest rate issued by the country's…
Higher borrowing costs continued to impact home sales in June, as well as prices. Sales were down by 41% year-over-year in the Greater Toronto Area (GTA). The number of transactions was also down compared to May, but this is often…
The Greater Toronto Area (GTA) real estate market saw more adjustments in May, mainly as a reaction to rising interest rates as a measure to combat inflation. In what’s usually one of the hottest months for sales, a total of…
Nearly 25% of homeowners with a mortgage say they will have to sell their home if interest rates continue to rise. This is according to a new Manulife bank debt survey that looks at the impact of interest rates, inflation…
Greater Toronto Area (GTA) real estate continued tracking year-over-year price growth in April, but the red-hot market that peaked in February is showing signs of cooling. The average selling price, at $1,254,436, was up by 15% compared to April 2021,…
February home sales were down compared to the all-time record in 2021, but that didn’t reverse significant price gains made of late. On the contrary, the pace of price growth month-over-month continues to astound. The January to February average price…
With real estate prices continuing to climb, housing is a hot topic in the Toronto-area. It’s also a key ballot box issue, trumping the COVID-19 pandemic as voters’ greatest concern, according to a recent Nanos Research poll. Given this, it’s…
Home sales and prices were down in June, but this hasn’t stopped the Toronto Regional Real Estate Board (TRREB) from upgrading its forecast for the year. With year-over-year sales growth continuing to outpace new listings growth, the board now expects…
The federal government has introduced tighter mortgage qualification rules in an effort to cool Canada’s hot housing market. The new minimum qualifying rate of 5.25%, known as the ‘stress test,’ came into effect June 1. (Prior to this, the benchmark rate…
2020 was a roller coaster year with unpredictable ups and downs. The first quarter started off strong until the pandemic hit in mid-March. The province-wide shut down in spring resulted in historical low market activity; however, sales quickly rebounded in…
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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