REAL ESTATE BLOG

Like many Canadians we are pleased to share that today the Bank of Canada chose to keep the overnight lending rate unchanged at 5%. This decision will be looked upon as a sign of stability as the Bank of Canada works towards reducing inflation.  As many of you know we are facing a housing shortage here in Ontario and while the resale real estate market remains consistently strong across most sectors.  For those Buyers considering purchasing a home, now is a good time...

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...

The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%. The Bank is also ending reinvestment and will begin quantitative tightening (QT), effective April 25. Maturing Government of Canada bonds on the Bank’s balance sheet will no longer be replaced and, as a result, the size of the balance sheet will decline over time. Russia’s ongoing invasion of Ukraine is causing unimaginable human suffering and...

With spring "in the air", many home owners cannot wait to get outside and see if there are any early signs of green poking through the soil. Now is the perfect time to begin working on your curb appeal.  Over the winter months we have all been busy enjoying the warmth of home and if you are like us, eagerly awaiting the beginning of the gardening season.  Now that spring has finally arrived and the temperature is warming up, we can pay attention to our homes curb...

TORONTO, ON, April 7, 2022 – The Toronto Regional Real Estate Board (TRREB) is applauding the federal government for making housing affordability a priority of the 2022 Federal Budget but is questioning the need and effectiveness of some of the announced actions. Specifically, TRREB is encouraged that the budget includes initiatives intended to increase the supply of homes for sale and rent but believes that other policies intended to artificially suppress demand will...

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...