Overview: a look at the Bank of Canada’s 2nd rate cut on July 24, 2024, its impact on the GTA housing market, predictions for future rate cuts, and advice for buyers and sellers. As of July 24th, it’s also the first G7 country to cut them a second time. Reuters…
Tag: home sales
GTA Home Sales & Prices Drop In June 2024 Despite Rate Cut
Overview: examining the impacts of the Bank of Canada’s interest rate cut on the June 2024 GTA housing market, including sales, prices and inventory, plus advice for buyers and sellers. Toronto home sales fall in June despite rate cut —Ratehub.ca Toronto Real Estate Sees Fewest Sales In Decades —Better Dwelling…
May 2024 GTA Housing Market & June Interest Rate Cut
Overview: a look at the May 2024 GTA housing data, including sales, prices and listings, plus the potential impacts of the June 5th interest rate cut on buyers and sellers. In our last Market Report, we made the following prediction: If the Bank of Canada (BoC) does cut rates, it…
GTA Home Prices Rise, Sales Fall & Listings Surge In March 2024
Overview: a look at how the GTA housing market performed in March 2024, a forecast of what’s to come, plus advice for buyers and sellers. Spring is a season of rebirth, and that’s what the GTA housing market experienced in March 2024. The first signs of this renewal were evident…
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…