Buying a home has become more unaffordable for Canadians even as housing prices fall, according to new reports from the parliamentary budget officer and RBC.   The PBO's house price assessment, published on Thursday, says the cost of the average house is 67 per cent higher than what the average household can afford - and RBC's own report says ...

      Some Highlights If you’re trying to decide whether to rent or buy a home, consider the advantages homeownership offers. Buying a home can help you escape the cycle of rising rents, it’s a powerful wealth-building tool, and it’s typically considered a good hedge against inflation. If you’re ready to take advantage of th ...

        If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past two years.   Buyer Demand Then and Now   During the pandemic, ...

      Some Highlights When it comes to selling your house, you want it to look its best inside and out so it catches the attention of buyers. A real estate professional can help you decide what to do to make that happen. Focus on tasks that can make it inviting, show it’s cared for, and boost your curb appeal. Connect with Ttodd at 905-252-0792.

      The historically low inventory over the past few years led to challenges for many buyers trying to find a home that met their needs and their budget. If you’re in the same boat, you should know the recent shift in the housing market may have opened up doors for you to restart your search.   The inventory of homes for sale has increased this year, an ...

        The Canadian Real Estate Association (CREA) is cutting its forecast for home sales this year and lowering its expectations for price growth as some of the country's hottest markets cool from their pandemic highs.   In its latest housing market outlook released Thursday, the association said it expects 532,545 properties to trade hands via Canadian MLS syste ...

        So, you’ve decided to sell your home. No matter what your reasons are for moving, such a big change can be overwhelming. It can seem daunting with everything you need to know. Don’t worry, you’ve come to the right place. Selling your home can be emotional, which is why it helps to have an expert guide you through the process. Your agent has the e ...

        Sales for new homes in the Greater Toronto Area (GTA) plummeted in August, and the steep drop-off in demand is a worrying sign of things to come as the effects of economic uncertainty on the housing market become clearer.   The GTA new home market slid in both the number of sales and inventory levels in August, falling well below ten-yea ...

        Housing prices have continued on their downward plunge amid Bank of Canada interest rate hikes and fears over a potential looming recession, but the effect isn't being felt evenly across the country.   The latest numbers from the Canadian Real Estate Association (CREA) show that the average price of a home in Canada was $637,673 in August 2022, down 3.9 per ...

        Some people believe there’s a group of homeowners who may be reluctant to sell their houses because they don’t want to lose the historically low mortgage rate they have on their current home. You may even have the same hesitation if you’re thinking about selling your house.   Data shows 51% of homeowners have a mor ...

        At the peak of the pandemic, many GTA municipalities and Southern Ontario towns saw home prices rise dramatically, but a new report suggests they'll likely decrease just as much — and it's already happening.    The new Zoocasa report, published this week, says the 2022 housing market is recalibrating follow ...

        Some Highlights   Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in your abili ...

        Canada real estate balance and affordability requires prioritization of residential building activity   Inventory levels in major Canadian real estate markets have been dwindling over the past decade, with active listings in July running below the 10-year average in almost all markets surveyed based on Canadian Real Estate Association data and ins ...

        Real estate in Toronto — and the rest of Canada — could be on the way toward a crisis point, according to the 2022 Housing Inventory Report released by RE/MAX Canada on Monday.   The report underscores what experts have been shouting from the rooftops for years: a critically short supply of housing inventory requires immediate act ...

  Spring is the perfect season for an exterior home makeover.   1. Edit your exterior — remove kitschy lawn ornaments, dead plants or dated awnings. Photo: thatkentuckygrl/Instagram   2. Repaint the exterior trim to freshen up the look of your home. Photo: cottage_a_day/Instagram   3. Use stone veneer to cover up your home’s concrete fo ...

        The COVID-19 pandemic certainly turned Canada’s housing market on its head. Many had anticipated a significant crash in the early days of the coronavirus public health crisis, but the opposite transpired, with a big change in consumer buying and selling patterns. Many Canadian homeowners experienced enormous equity gains on their residential proper ...

      If you’re a home-buyer, owner or seller, you’re probably wondering how to maximize your investment. The answer depends on a number of factors, such as market conditions, your current circumstances and long-term goals, but there are some home renovations that pay off on the resale market, whether you’re looking to stay in the home or sell it. ...

        In a market that’s shifting as fast as it is today, many homeowners wonder what, if anything, needs to be renovated before they sell their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – ...

        The Toronto Regional Real Estate Board (TRREB) says August sales were down 34 per cent since last year, but up almost 15 per cent from July, as buyers returned to the market to take advantage of prices that eased from winter's elevated levels.   The board said Friday that sales for the month amounted to 5,627 compared to 8,549 last August and 4,90 ...

        There’s no denying the housing market is undergoing a shift this season as buyer demand slows and the number of homes for sale grows. But that shift actually gives you some unique benefits when you sell. Here’s a look at the key opportunities you have if you list your house this fall.   Opportunity #1: You Have More Options f ...