REAL ESTATE NEWS IN TORONTO
Check in often to read up-to-date information on the Toronto real estate market, advice on buying and selling, tips for first-time buyers, renters and investors, mortgage news, the latest design trends and all things real estate.
Locking In a Variable Rate Mortgage
When mortgage interest rates were on a downward trend in the early days of the coronavirus pandemic, a variable mortgage rate made sense. With no signs of tightening on the horizon, the housing market boomed at extraordinary levels never seen before. Now that interest rates are rising as the central bank attempts to rein in out-of-control price inflation, the discussion is how high mortgage rates will …
Canadian Real Estate Trends: Putting the Headlines int...
We’ve all heard the hype: Canadian real estate is facing the deepest market correction in the last 40 years. But this isn’t the first time that experts have forecast corrections or crashes, none of which have materialized in recent history. So, let’s read between the headlines and examine some facts. “Canadian real estate prices are dropping.” More accurately, prices are plateauing from the meteoric …
What Is A Housing Bubble? And Are We In One?
What is a housing bubble? You’ve undoubtedly heard the term, but what does it actually mean, and is Canada experiencing one? Whether you already own a home, are considering buying one soon, or are waiting for the right time to sell, you want answers to this vital question. Let’s explore what a housing bubble is, what causes it, and how it may impact you. …
Toronto Real Estate Market Update – October 2021
TORONTO, ONTARIO, October 5, 2021 – September marked the transition from the slower summer market to the busier fall market in the Greater Toronto Area (GTA). Every year, we generally see an uptick in sales, average selling price and listings after Labour Day, and September 2021 was no different. Sales increased relative to August and were also at the third-highest mark on record for the month …
How to Create a Garden Oasis
Now more than ever, because indoor gatherings are limited, creating a backyard oasis where families can come together outdoors and enjoy each others company surrounded by the beauties of nature has gone to the top of our project list. With these ideas, it won’t be necessary to leave your home to enjoy a relaxing and rejuvenating getaway. As long as you have enough space in your …
A Planning Guide to Finishing Your Basement
With Canadians spending more time at home, opportunities to increase our living spaces continue to present themselves. Perhaps now is the time to take on the challenge of finishing your basement. Let’s look at some key considerations to help you plan for this project. Is it worthwhile? Undoubtedly this is one of the biggest projects you can undertake in your home, and it carries …
Looking to Buy a Cottage? Here’s What You Need to Know
Since the first round of COVID-19 lockdowns in the spring of 2020, more home buyers have been purchasing properties in cottage country. Spending more time at home, and longing for additional space both indoors and out, has sent many buyers into rural markets across the country, causing sales to skyrocket in these communities. In December, the Lakelands Association of REALTORS®, which represents Muskoka, Haliburton, …
Average GTA home price to top $1 million for first tim...
TORONTO — Homebuyers in the Greater Toronto Area better prepare to spend more than they ever have before. The Toronto Regional Real Estate Board said Monday that the average selling price for homes in the area will top $1 million for the first time later this year. The board predicts by the time 2021 ends the average selling price in the region will be …
Barrie is Now One of Ontario’s Most ‘Sought-After’ Rea...
Shifting consumer behaviours in the face of COVID-19, coupled with historically low-interest rates resulted in a record-breaking year for real estate in Canada. Subsequently, buyers seeking more space have been relocating to provincial regions outside of densely populated cities, further contributing to ongoing urban sprawl. As a result, Barrie has turned into one of the most “sought-after” real estate markets in Ontario, appealing to both …
Ontario Real Estate and COVID-19: New Rules In Effect
For those transacting in the Ontario real estate market right now, you may be wondering what’s allowed and more importantly, what’s not allowed, under the new “stay-at-home” order that took effect this morning. To help clarify things from a real estate perspective, here’s what homebuyers and sellers need to know. Why were new rules imposed? The new rules aim to reduce mobility and curb the spread …