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…
Tag: home sales
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…
GTA Home Sales Surge 44% In October 2024 Following Rate Cuts
Overview: a look at the October 2024 GTA housing market numbers, including sales, prices and inventory, the impact of rate cuts, and advice for home buyers and sellers. Our last market report talked about GTA real estate showing signs of recovery. Since then, the housing market hasn’t just recovered—it’s been…
Oversized October Rate Cut: Will GTA Home Buyers Return?
Overview: a look at the Bank of Canada’s October rate cut of 50 basis points, its implications for the GTA housing market, and advice for buyers and sellers. Since inflation eased to 1.6% in September, experts have been predicting a larger-than-usual rate cut from the central bank—and they were right….