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?
Blog Category: Finance
GTA Home Prices Continue to Rise in June as Inventory Shortage Hampers Buyers
The Greater Toronto Area (GTA) housing market witnessed a surge in home sales during June, driven by strong buyer demand.
Toronto Home Prices Experience Slight Pullback
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.
Vancouver Home Prices Surge in June Amidst Strong Residential Sales
The Real Estate Board of Greater Vancouver has reported a significant increase in home prices and residential sales in June.
Canada’s Resilient Economy Thrives Despite High Interest Rates
Despite initial concerns, Canada’s economy is defying expectations and displaying remarkable resilience in the face of soaring interest rates.
Greater Toronto Area Home Prices Experience Significant Decline Amid Decreased Sales
The Greater Toronto Area (GTA) real estate market has witnessed a substantial drop in home prices, with an almost 18% decrease since February
Canadian Homeowners Shift from Variable-Rate to Fixed-Rate
As interest rates continue to rise in Canada, an increasing number of homeowners are opting for fixed-rate mortgages over variable-rate options.
Canadian Housing Market News May 2023
Canada’s housing market is experiencing a robust recovery, characterized by a steady increase in home prices across the country.
Canadians Opting for Shorter-Term Mortgages in Hopes of Future Interest Rate Drops
As mortgage rates reach their highest levels in over a decade, Canadians are increasingly considering the length of their mortgage term in addition to securing the best rate.
Canadian Real Estate Market Sees Year-Over-Year Rise in May Home Sales and Prices
The Canadian real estate market showed signs of a significant rebound in May, with home sales posting their first year-over-year increase since June 2021.