Overview: a look at the March 2023 GTA housing market, including the return of buyers, price and sales figures, the impact of interest rates, and more. Toronto housing market shows signs of rebounding, prices up in March That headline from The Globe and Mail is just one of many to…
Tag: 2023 housing market
GTA Home Prices Drop Record 18% In February 2023
Overview: a look at the February 2023 GTA housing market data, including home sales and prices, plus the impact of the most recent interest rate hike. To put it bluntly: Average Toronto home prices dropped by the steepest rate on record Sales also plunged by half, and many homes were…
January 2023 Market Report: GTA Homes Prices Settle
Overview: a look at the January 2023 GTA housing numbers, including sales, prices and inventory, plus the possibility of the market finding a bottom. After a COVID-fueled buying frenzy and a drop driven by interest rate hikes, it seems that the GTA housing market has finally found stability. The surge…
January 2023 Interest Rate Hike & Forecast
Overview: a look at the January 2023 interest rate hike, including its impact on Toronto home sales, prices, inventory and mortgages, plus predictions for future rate increases. On January 25, the Bank of Canada (BoC) raised its overnight lending rate by 25 basis points to 4.50%. Although that was the…
Canada’s Vacant Home Tax & Foreign Buyer Ban [Updated]
Overview: a look at Toronto’s Vacant Home Tax (VHT) and Canada’s Foreign Buyer Ban, plus their impact on home sales, prices, inventory and more. Two of the biggest include Toronto’s Vacant Home Tax (VHT) and The Prohibition on the Purchase of Residential Property by Non-Canadians Act. The goal of both…