Overview: a look at how the GTA housing market performed in December 2023, with an analysis of sales, prices, and listings, advice for buyers and sellers, and predictions for 2024. According to BNN Bloomberg, the latest figures suggest Toronto’s housing market may be in the midst of a rebound. Sales…
Tag: interest rate hike
November 2023 Market Report & 2024 Forecast
Overview: a look at the November 2023 GTA housing market, the BoC’s latest interest rate decision, predictions for 2024, and advice for buyers and sellers. Interest rates influenced every aspect of GTA real estate in 2023, dictating the direction of home sales, prices and inventory. They also determined whether buyers…
GTA Home Sales Down, Prices & Listings Up In October 2023
Overview: a look at the October 2023 housing numbers for Toronto and the GTA, the impact of high interest rates, and the ongoing deep buyer’s market. Like a repeat of September, home prices were up in October while sales were down big. However, what sets both months apart is the…
GTA Buyers Return As BoC Holds Rate At 5%
Overview: a look at the Bank of Canada’s decision to pause interest rates at 5%, plus its impact on the GTA housing market and the return of buyers. In one word: relief. Interest rates holding steady means more clarity for those looking to buy and sell, and less financial anxiety…
GTA Enters Deep Buyer’s Market In September 2023
Overview: a look at the September 2023 GTA housing numbers, including home sales, prices and listings, and the shift towards a deep buyer’s market. It’s being called the September Surge, with listings up almost 45%. At the same time, sales dropped 7.1%. Growing supply and diminishing demand are both signs…