January 2022 housing Market charts - Lowest Listings in Decades

Monday Feb 7th, 2022

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The market outlook for 2022 is out now and is calling for strong home sales in the Greater Toronto Area (GTA) with the average selling price expected to hit a new record. All this due to the conditions on the market of low listing posted and high demand. As a consequence this is calling for a seller's market,  so if you are considering selling your property, now is the right time, grab your phone or computer and contact the realtor of your preference. This trend will continue unless... [read more]

Bank of Canada increases Prime rate by 1% --- what does this really mean to the home buyer?

Friday Jul 15th, 2022

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Bank of Canada Increases 1% prime rate

Bank of Canada prime rate increases by 1%   On this past July 13th, the bank of Canada announced an increase of the prime rate to a full 1%, which means that the new target is 4.7%. Now the question is, how does this translate to the average consumer and especially to the Real Estate Market?. Let's compare how much would you be monthly paying for a hypothetical amount of  $100,000 mortgage, amortized for a 25-year, not compounded . Borrowing... [read more]

The BoC Rates to ease mid 2024 – when is a good time to buy your new home?

Friday Dec 22nd, 2023

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Experts say that interest hikes should be over, especially after the latest update from the Bank of Canada (BoC) by holding the interest rate steady for the third consecutive time, this fell quite in line with economist expectations as there is “no excess demand” in the economy, nevertheless the BoC is prepared to raise the stakes again if such measures are needed.  The Canada inflation rate stalled at 3.1% in November of this year, matching the same results as in October... [read more]

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