Blog Category: Condo Markets
Is the Toronto Real Estate Market On the Verge of Collapse?
GO Back Facebook Twitter LinkedIn Email Toronto has been infamous as one of the least affordable cities in the world. Buying a house in Toronto is always tough, but it might be the time for prices to come down. The cause, however, is going to be a full-on market crash. Why is it so? An…
Mixed Reactions to Bank of Canada’s Rate Hike Impact Local Housing Markets
GO Back Facebook Twitter LinkedIn Email The Bank of Canada’s rate hike in June and the possibility of another increase in July have generated mixed reactions across local housing markets in Canada. While some markets experienced a decline in buyer activity, others remained resilient. The rapid price gains observed in Toronto, Vancouver, and other parts…
Greater Toronto Area Home Sales Remain Strong in June 2023
GO Back Facebook Twitter LinkedIn Email Home sales in the Greater Toronto Area (GTA) remained robust in June 2023, surpassing last year’s levels. However, an ongoing inventory shortage and uncertainty surrounding inflation and interest rates impacted sales activity. Despite these challenges, demand for homeownership remained strong. This article provides an overview of the latest data…
Toronto House Market Trend June 2023
GO Back Facebook Twitter LinkedIn Email Toronto’s housing market experienced a notable shift as a surprise rate hike by the Bank of Canada in June 2023 had a direct impact on home prices. The Greater Toronto Area (GTA) witnessed its first monthly decline in prices since January 2023. However, despite this pullback, the market still…
How Much Does a Household Need to Earn to Afford a House in Toronto?
GO Back Facebook Twitter LinkedIn Email Owning a home in Toronto has never been easy, but now it’s going to be even tougher owing to higher interest rates. According to some experts and housing market analysts, the cost of an average home in Toronto surpasses the buying capacity of an average income household by 210…
Vancouver Home Prices Surge in June Amidst Strong Residential Sales
GO Back Facebook Twitter LinkedIn Email The Real Estate Board of Greater Vancouver has reported a significant increase in home prices and residential sales in June. The limited inventory of homes available for sale in the region has fueled high demand from buyers, resulting in a 1.3% rise in the benchmark price of all home…
Canada’s Resilient Economy Thrives Despite High Interest Rates
GO Back Facebook Twitter LinkedIn Email Despite initial concerns, Canada’s economy is defying expectations and displaying remarkable resilience in the face of soaring interest rates. In response to the country’s robust economic performance, BMO recently revised its GDP growth forecast, predicting an upward trajectory. This article explores Canada’s flourishing economy and analyzes BMO’s insights regarding…
An Analysis of Toronto’s Real Estate Market Trends in 2023
GO Back Facebook Twitter LinkedIn Email Toronto’s real estate market has shown resilience and strength amid the ongoing challenges of the pandemic. The Toronto Regional Real Estate Board (TRREB) recently released its Housing Market Charts for May 2023, providing valuable insights into the market’s trajectory. This article explores the trends revealed in the data, including…
New Canadians Account for Over One-Third of New Home Buyers in Ontario
GO Back Facebook Twitter LinkedIn Email According to a recent report by Tarion, over one-third of Ontarians planning to purchase a pre-construction or newly built home were born outside of Canada. The study sheds light on the growing influence of immigrants in Ontario’s real estate market and highlights the significance of homeownership for new Canadians….