Overview: a look at the September 2024 GTA housing market data, the impact of previous rate cuts, predictions for future rate cuts, and advice for buyers and sellers. August was a brutal month for GTA real estate, with both sales and prices dropping despite the Bank of Canada (BoC) slashing…
Tag: inventory
August 2024 GTA Housing Market: Prices Drop Despite Rate Cuts
Overview: a look at the August 2024 GTA housing data, including sales, prices and listings, the impacts of three rate cuts on buyers and sellers, plus advice for navigating the current market. After slashing interest rates on June 5th and July 24th, the Bank of Canada (BoC) did so again…
Bank Of Canada 2nd Rate Cut: What It Means For GTA Real Estate
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…
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…
June 2022 Market Report: GTA Now A Buyer’s Market
Overview: a look at the June 2022 housing market numbers, Toronto’s transition into a buyer’s market, plus advice for buyers and sellers. That’s because, after years of waiting, Toronto has finally become a buyer’s market. In fact, the last time Toronto was in buyer’s market territory was in 2020, but…