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]

TORONTO Today we celebrate National Real Estate Day.   Here at the Maddy and Greg, InTheBeach Real Estate team, we wanted to say "thank you" to our clients for allowing us the opportunity to help them achieve their real estate and investment goals.  The dream of home ownership and investment remains strongand we look forward to serving our buyer and seller clients in the year ahead. Happy National Real Estate Day! Maddy & Greg [read more]

Things to Look for in a New Neighbourhood Whether seeking solace, activity, schools, churches, or green space, every homebuyer looks for a different combination of attributes in a new community. Choosing a neighbourhood that suits your needs and wants is one of the most important decisions you’ll make in the home-buying process; your choice of environment will affect the way you experience your new home. This is a very personal decision, influenced by countless unique factors... [read more]

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... [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]