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Greater Toronto Area Real Estate Market Information
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GTA Real Estate Market Starts the New Year the Same as It Ended Last Year

2/3/2023 | Posted in GTA Real Estate by Jessi Sandhu

As we moved from 2022 into 2023, the Greater Toronto Area (GTA) housing market unfolded as expected. The number of January sales and the overall average selling price were ... More


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CREA: Expect a market turnaround in 2023

1/27/2023 | Posted in Canadian Housing Market Predictions by Jessi Sandhu

The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity for 2023 and 2024. It’s predicting good news for the market in the coming ... More


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Zonda Urban estimates at least 25,000 new condo units for the GTHA in 2023

1/31/2023 | Posted in Condo Market by Jessi Sandhu

Multi-family housing sales in the GTHA continued its downward trend through the back half of 2022, with condo, townhouse and apartment sales levels all declining over 50 per ... More


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45% with variable mortgages say they would have to sell in under 9 months: Yahoo/Maru Poll

2/2/2023 | Posted in Home Owners by Jessi Sandhu

As Canadian homeowners grapple with the Bank of Canada's flurry of interest rate hikes, one in three say they won't be able to handle higher rates for long before they ... More


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Fixed mortgage rates are falling

1/30/2023 | Posted in Interest Rates by Jessi Sandhu

While rates have been steadily climbing for variable mortgages, fixed mortgage rates have been moving in the opposite direction.

... More


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Canadian inflation set to ease amid rapid cooling of housing market

1/30/2023 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

But the Bank of Canada has a tricky balancing act that cannot decimate real estate.

... More


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Has the BoC reached an endpoint on rate hikes? CIBC's Tal gives his verdict

1/16/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

"They are in a very difficult situation in which they have to tell you they are done without telling you they are done"

... More


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How did the GTA office market perform as 2022 drew to a close?

1/28/2023 | Posted in Commercial Real Estate by Jessi Sandhu

The Greater Toronto Area office market saw its vacancy reach double-digit levels during Q4 2022 amid markedly increased caution among stakeholders, who are still awaiting ... More


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Here's what another Bank of Canada rate hike means for Canadians

1/27/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada hiked its key interest rate by a quarter of a percentage point Wednesday, bringing it to 4.5 per cent. Here's a look at what the rate means, how analysts ... More


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Mortgage fraud on the rise in major markets

1/27/2023 | Posted in Canada Living by Jessi Sandhu

Local officials and investigators say that the trend is especially apparent in two provinces

... More


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Bank of Canada hikes rates, becomes first major central bank to signal pause

1/25/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada on Wednesday hiked its key interest rate to 4.5%, the highest level in 15 years, and became the first major central bank fighting global inflation to say it ... More


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Arrears rate rises from its all-time low

1/25/2023 | Posted in Mortgage News by Jessi Sandhu

Canada’s national arrears rate ticked up from its all-time low in October, according to data from the Canadian Bankers Association.

... More


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Fed and Bank of Canada have reason to pause hikes, says strategist

1/24/2023 | Posted in Interest Rates by Jessi Sandhu

The Federal Reserve and Bank of Canada can afford to pause interest-rate increases now because inflation pressures are easing rapidly, according to a Bank of Montreal ... More


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BoC expected to deliver eighth consecutive rate hike, but it's probably the last one

1/20/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Economists don't believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet, even as signs grow that inflation is easing and the ... More


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Canada rent prices - what's the latest?

1/19/2023 | Posted in Rental Market by Jessi Sandhu

New report highlights rent rate movements in major urban markets

... More


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More Canadians turning to reverse mortgages amid savings crunch

1/19/2023 | Posted in Home Owners by Jessi Sandhu

An increasing number of Canadians appear to be tapping into their homes for extra cash.

... More


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Canadian home sales edge up to end 2022

1/16/2023 | Posted in Canadian Housing Market by Jessi Sandhu

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up on a month-over-month basis in December 2022.

... More


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Home prices are falling, but likely won't fall much further thanks to housing shortage: CMHC deputy chief economist

1/14/2023 | Posted in Canadian Housing Market by Jessi Sandhu

Home prices in Canada likely won't drop much further due to the country's ongoing shortage of new homes, even as rising interest rates curb some demand in the market, ... More


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OSFI proposes new mortgage restrictions

1/13/2023 | Posted in Mortgage News by Jessi Sandhu

Canada's banking regulator has unveiled three new regulatory proposals that could further restrict mortgage lending pending a just-launched consultation period.

... More


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Canada ends 2022 with modest decline in national aggregate home price; prices remain well above pre-pandemic levels

1/13/2023 | Posted in Canadian Housing Market by Jessi Sandhu

National aggregate home price posts single-digit year-over-year decline in Q4 over 2021; double-digit growth compared to 2020 and 2019

... More


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Federal tax credit for multi-generational home renovations now available to Canadians

1/11/2023 | Posted in Canada Living by Jessi Sandhu

The federal government is offering a new tax credit to help make it easier for Canadians to care for adult relatives in their own homes.

... More


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GTA municipalities respond to More Homes Built Faster with rate hikes up to 100%

1/11/2023 | Posted in GTA News by Jessi Sandhu

Municipalities in the GTA may see property tax hikes from 5% to 100% in the next year following the provincial government’s implementation of the More Homes Built Faster ... More


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These Ontario cities offer the lowest housing fees in the province: report

1/11/2023 | Posted in Ontario News by Jessi Sandhu

Homeowners and renters in Ontario pay some of the most expensive fees across the country, but a few cities in the province have more affordable prices.

... More


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Canadian CRE is an opportunity, but risk is elevated says Morguard

1/11/2023 | Posted in Commercial Real Estate by Jessi Sandhu

In a new analysis of the Canadian commercial real estate market, the firm sees some potential for investors despite economic headwinds

... More


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What to Expect From Canadian Real Estate in 2023

1/3/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

Despite a strong start to the year, real estate in 2022 was largely defined by a lack of affordability, spurred by one of the most polarizing interest rate hike cycles in Bank ... More


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