In early 2022 we saw low market inventory coupled with a very strong and qualified buyer pool competing to purchase real estate across the Greater Toronto Area.  Now that we are entering into the traditional early spring real estate market we are seeing an increase in new listings across all segments of the residential real estate market.   Greater Toronto Area (GTA) REALTORS® reported 9,097 sales through the Toronto Regional Real Estate Board's (TRREB) MLS® System... [read more]

Demand for residential real estate in the GTA continues to drive pricing, coupled with low mortgage financing options. #MaddyandGreg #inthebeach #March2022 #realestate #realestatemarketupdate #gtarealestate #torontorealestate #toronto #RealEstateHomeward [read more]

MARKET ADJUSTS TO HIGHER BORROWING COSTS IN APRIL TORONTO, ONTARIO, MAY 4, 2022 – The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs, with the number of transactions down on a monthly and annual basis. As has been the case with previous rate tightening cycles, some home buyers have moved to the sidelines to determine how they will reposition themselves in the marketplace given the higher rate environment and related impact on... [read more]

CREA Updates Resale Housing Market Forecast The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate boards and associations in 2022 and 2023. With interest rates on the rise, and with 5-year fixed rates getting well out ahead of what the Bank of Canada is expected to do later this year, home sales have cooled sharply in recent months. Prices have also been halted in their... [read more]