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…
Tag: mortgages
Ultimate Guide To Power of Sale Vs Foreclosures in Ontario
Overview: an in-depth guide to Power of Sale and Foreclosures in Ontario, with information on the process, risks and benefits, plus advice for homeowners. When that happens, they’re faced with two very difficult choices: Power of Sale or Foreclosure. But what do these two terms mean? And what exactly are…
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…