Big news! My brokerage is evolving, and I’m excited to share that we are now Century 21 Signature Service—a bold new step forward that enhances our presence in Mississauga and the Greater Toronto Area (GTA), while keeping everything you already know and trust about my service exactly the same. What Does This Mean for You? If you’ve worked with me …
GTA Home Sales Hit 30-Year Low February 2025 marked a historic low for GTA home sales, recording the lowest sales volume for this month since 1995. The GTA housing market continued to face challenges, with home sales plummeting almost 28% year-over-year. This decline is particularly significant, considering that 2024 was already a slow year for real estate. Market Overview Total …
A Slow But Steady Market Over the Past Two Years The GTA real estate market remained relatively slow throughout 2024, continuing the trend from the past two years. Detached homes has been the biggest decliner, as affordability concerns pushed buyers away from this higher-priced segment. The number of people looking to upsize has also decreased. Investors are pulling back on …
The GTA housing market in November 2024 reflected a complex dynamic, balancing strong sales growth with challenges from high inventory levels. Sales Activity: GTA reported 5,875 home sales, a 40.1% increase compared to 4,194 sales in November 2023. New Listings: New listings rose modestly by 6.6% to 11,592, but the surplus of active listings continued to temper market momentum and …
After six months of sluggish activity, Toronto’s housing market is showing clear signs of recovery. October saw a significant uptick in sales, with a year-over-year increase of 44% for low-rise homes and 32% for condominiums. While last year’s sales volumes were near 20-year lows, this growth indicates that the GTA market is truly heating up. Key numbers from October 2024 …
Uncertainty Amid Rising Inventory and Shifting Interest Rate Expectations The GTA housing market experienced a cool fall market start. Sales increased modestly compared to last year; however, showings are fewer, and new listings are outpacing sales, driving up inventory levels. In September, the condo market reached 6.9 months of inventory (MOI), while the low rise hit 4.5 MOI, reflecting a …
The Canadian government has announced new mortgage policies that will take effect on December 15, 2024. These changes are designed to help first-time homebuyers and current mortgage holders: For Insured Mortgages (less than 20% down payment): The maximum purchase price will increase from $1 million to $1.5 million. The maximum amortization period extended from 25 years to 30 years for …
As August wraps up the summer months, the real estate market typically slows down, with people focused on family vacations and time off. However, this August, the Greater Toronto Area (GTA) market showed signs of stabilization, even though new listings have declined, and prices remain sticky. While it is still a buyer’s market, prices have only been dropping very slowly. …
The Toronto real estate market continues to weaken in July, with lower sales and an increase in new and active listings putting downward pressure on prices. Overall, prices are down 1-6% compared to the previous year and 17-21% below 2022 peak values, with further declines expected unless Bank of Canada rapidly start dropping the interest rate. Three key factors affecting …
Sales Slowed Down Even Further June 2024 home sales in the GTA were lower compared to the same month last year. Despite the Bank of Canada rate cut at the beginning of last month, many buyers kept their home purchase decisions on hold. This resulted in a 16.4% decline in sales compared to June 2023. New Listings: The market remained …
