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…
Tag: bank of canada
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…
2022-2023 GTA Housing Market Review & Forecast
Overview: a look back at the 2022 GTA housing market and predictions for 2023. Topics include home sales, prices, inventory, interest rates, inflation, mortgages and more. 2021 saw a buying frenzy due to record-low interest rates. 2022 saw a sharp drop in home sales and prices after multiple rate hikes….
August 2022 Market Report: GTA Home Sales & Prices Drop
Overview: a look at the August 2022 housing market numbers for Toronto and the GTA, with a focus on condos, rentals, and the impacts of the latest interest rate hike. The following headlines sum up the August 2022 housing market: Toronto Home Prices Drop 16% in Historic Five-Month Slump —Bloomberg…
GTA Housing Market Shows Signs of Cooling in March 2022
Overview: a look at the March 2022 GTA housing market, with insights on sales, prices, and inventory, plus advice for buying and selling. March was a remarkable month for Toronto real estate, with average home prices setting yet another record. The month also saw the first interest rate hike in…