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…
Tag: mortgages
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…
GTA Housing Market Cools in August 2023
Overview: a look at the August 2023 GTA housing market data, including home sales, prices and listings, plus the impact of the BoC’s latest interest rate decision. The Financial Post concurs: Toronto housing market cools in August amid rising borrowing costs Sales fell, prices flat-lined and supply remained scarce last…
GTA Housing Market Finds Balance In July 2023
Overview: a look at the July 2023 GTA housing data, including home sales, prices and listings, plus the ongoing impact of rising interest rates. This headline from Yahoo Finance sums it up perfectly: Toronto home sales and prices up from last year, but momentum slows As expected, rising interest rates…
GTA Home Sales, Prices Rise in June 2023
Overview: a look at the June 2023 GTA housing market numbers, including sales, prices and listings, plus the impact of the BoC’s latest interest rate decision. After holding steady since January, interest rates finally rose last month. What impact did that have on the housing market? And what affect will…