If you’ve had trouble finding a home to buy over the past year, it may be time to work with your trusted agent to consider a new build and the incentives that come with it. Here’s why.   The Supply of Newly Built Homes Is Rising   When looking for a home, you can choose between existing homes (those that are already built and previously o ...

        After fuelling Canada's economy through the COVID-19 pandemic, the real estate market is showing signs of weakness as home prices fall and bidding wars dissipate.   It's welcome news for prospective buyers hoping for a better price. But as the busy fall season nears, realtors and economists are at odds over how long the pricing slide will last and how low i ...

        TTREB - September 2nd, 2022. There were 5,627 home sales reported through the Toronto Regional Real Estate Board’s (TRREB) MLS® System in August 2022, representing a year-over-year dip of 34.2 per cent – a lesser annual rate of decline compared to the previous four months. The August sales result also represented a month-over-month increase compare ...

        Toronto's turbulent housing market experienced a brief reprieve in non-stop price accumulation for much of 2022, but the average cost of a home in the region is climbing once again.   According to the latest monthly market report from the Toronto Regional Real Estate Board (TRREB), the volume of sales plummeted in August, while the cost ...

        The monthly cost of a rental unit in the Greater Toronto Area (GTA) has been on a steady ascent since bottoming out during the pandemic, and the price to lease a unit in Canada's largest metropolitan area has now increased for six consecutive months.   The September 2022 Toronto Rent Report from liv.rent reveals that September marks a half-ye ...

    What goes up must come down, or so they say; this hasn't traditionally been the case for housing prices in Toronto.   And yet, in the fallout of a global pandemic that pushed the cost of living in The GTA to historic highs, we are now seeing housing prices decline — albeit not to as low as they were before the mandatory work-from-home era.   TD ...

        Much like your income and down payment, your individual credit score is a major financial component of qualifying for a mortgage when looking to buy a home.    Your credit score will be one of the main criteria lenders will examine when applying for a mortgage, so it’s important to ensure your score is in good standing before ...

        Canada’s real-estate correction deepened, with prices falling for fourth straight month as the central bank ratchets up interest rates.   Benchmark home prices declined 1.7 per cent in July, to $789,600 according to data released Monday from the Canadian Real Estate Association.    The number of sales also continued to drop, falling ...

        Economists at Desjardins are predicting that Canada will enter a mild recession in the first half of 2023, as aggressive interest rate hikes, a cooling housing market and weak growth in the United States drag on the country's economic outlook.   In a report released Thursday, Desjardins economists said bringing soaring inflation back to a 2 per cent range " ...

        If you’re thinking about buying a home, you likely have a lot of factors on your mind. You’re weighing your own needs against higher mortgage rates, today’s home prices, and more to try to decide if you want to jump into the market. While some buyers may wait things out, there’s a reason serious buyers are making moves right now, ...

        The Greater Toronto Area new homes market broke a record in July, but this time, it's very bad news for the turbulent real estate biz.   The region just witnessed the single-lowest number of single-family home sales in the over two decades this data has been tracked, reflecting waning demand from shellshocked buyers amid a pressing ...

    Trong Nguyen/Shutterstock   Home sellers may face a closing window on today’s still-warm — but cooling — real estate market.   While sellers can still take advantage of low inventory, they should also know that inflation, rising interest rates and perceptions about overvalued homes may be taking some air out of the sellers’ market.   T ...

          If you’re a homeowner, you already know that keeping your property in tiptop shape requires dedication and patience for ongoing maintenance. But what if you’re putting your home on the market or even accepted an offer? Perhaps you’re thinking: Not my problem anymore.   Sorry, folks, we’ve got news for you: Just becaus ...

        Some Highlights If you’re buying a home, here’s what you should know about your home inspection and why it’s so important. A home inspection is a crucial step in the homebuying process. It assesses the condition of the home you plan to purchase so you can avoid costly surprises down the road. Work with ...

        Owning a house in or around Toronto is no cheap prospect, as home prices in the region soared to all-time highs in 2022. But it looks like homebuyers are getting a break from the intense and sustained price appreciation in the GTA as markets cool in the wake of the Bank of Canada hiking interest rates.   RE/MAX Canada released its 2022 Hot Po ...

      Between rising rent prices, an unstable real estate market and general inflation, Toronto seems like a less affordable place to live with each passing day.   It's hard to track housing price changes in 24-hour increments, but analysts have been able to keep insightful tabs on Toronto in this regard with regular monthly and qu ...

        According to a recent survey from the Wall Street Journal, the percentage of economists who believe we’ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there’d be a recession by now. But this July, when polled, 49% believe we will see a recession in the coming 12 mo ...

          What do I need to know about buying a power-of-sale home?   When a homeowner defaults on their mortgage, or home loan, the lender can opt to sell the property through a process called power of sale. If you are keen on buying a power-of-sale home, here are some things you should be aware of:   Don’t assume that you will get the property at ...

        New condominium sales in the Greater Toronto Area declined in the second quarter of 2022 as prices climbed to a record high in April, May, and June.   The data collected in a recent market research study by Urbanation Inc. showed that 6,792 units were sold in Q2, marking a drop of 19 per cent from the first quarter and 24 per cent year-over-year.   A ...