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…
Tag: investors
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….
35 Woburn Ave – 3 Bedroom House Ready For Renovation – SOLD
Overview: 35 Woburn Ave is a 3-bedroom, 1-bath semi-detached house in Toronto’s Lawrence Park neighbourhood that’s ready for renovation. Address: 35 Woburn Ave, Toronto, ON M5M 1K5 Neighbourhood: Lawrence Park Parking: N/A # of Storeys: 2 Size: 1,968 sq. ft. Lot Size: 21.5 x 125 ft. Rooms: 3 bedrooms +…
27 Granby St – Dream Renovation Property – SOLD
Overview: 27 Granby St. Semi-detached house with solid red-brick exterior, parking, and corner location in the Yonge-Dundas Corridor. Perfect for renovators and builders! Address: 27 Granby St, Toronto, ON M5B 1H8 Neighbourhood: Yonge and Dundas Corridor Parking: 2 spaces # of Storeys: 3 Size: 2,186 sq. ft. Lot Size: 15.83…
Canada’s Immigration & Toronto’s Luxury Real Estate Market
Overview: a look at the impacts of record immigration on Toronto’s luxury real estate market in 2022, including on sales, prices, houses and condos. I recently sold a $3.4 million penthouse. That sale speaks to a wider demand for luxury real estate in Toronto—a demand that will only grow with…