Overview: a look at the Bank of Canada’s (BoC) January 2025 rate cut, plus its impact on GTA home sales, prices, mortgages, buyers and sellers. On January 29th, the Bank of Canada (BoC) slashed interest rates from 3.25% to 3%. The 25 basis point reduction marks the sixth consecutive time…
Author: Heenay Patel
2024-2025 GTA Housing Market: Review & Forecast
Overview: a look back at 2024 and predictions for the 2025 GTA housing market, including home sales, prices, inventory, interest rates, insured mortgage caps and more. Interest rates dictated whether buyers would return, sellers would list, how much inventory was available, and whether prices would go up or down. When…
GTA Home Sales, Prices Jump In November 2024 After Rate Cut
Overview: a look at the November 2024 GTA housing market data, including sales, prices and inventory, the impact of the central bank’s most recent rate cut, and advice for home buyers and sellers. Five rate cuts—including two jumbo-sized ones—tend to have that effect. Sales and prices are up, more sellers…
398 Highway 7 Rd E Unit 601 – 1 Bed, 1 Bath + Den – For Sale
Overview: 398 Highway 7 Rd E Unit 601 is a 1 bedroom, 1 bath condo with a convertible den, eat-in kitchen, open-concept living and dining areas, parking, locker, and scenic Richmond Hill location. Building Name: Valleymede Towers Address: 398 Highway 7 Rd E 601, Richmond Hill, ON L4H 0G6 Neighbourhood:…
280 Simcoe St Unit 308A – 1 Bed, 2 Baths + Den – Sold
Overview: 280 Simcoe St Unit 308A is a massive 1-bedroom, 2-bath condo with a den, galley kitchen, separate living and dining areas, high-end amenities, parking and a Kensington-Chinatown location. Building Name: One Park Lane I Address: 280 Simcoe St #308a Toronto, ON M5T 2Y5 Neighbourhood: Kensington-Chinatown Developer: Camrost-Felcorp Architect: Thomas…