Some Highlights Many people remember the housing crash in 2008, but experts say today’s market is fundamentally different in many ways. First, there isn’t an oversupply of homes for sale today. Plus, lending standards are much tighter, and homeowners have record levels of equity. That means signs say there won&rsq ...

        To rent or to buy? That is the question for many current and prospective Toronto residents as the GTA's unstable teeter-totter of a real estate market tilts again, this time toward home ownership — but not universally so.   "As interest rates continue to rise this year, many are shifting their real estate goals from buying to renting," reads a re ...

        A recent report by RBC Senior Economist Robert Hogue reveals that Toronto's housing market is experiencing a deepening downturn.   The reports said the Toronto housing market is seeing a decline in activity that is "quickly becoming one of the deepest of the past half a century."   According to Hogue, this decline can be attribute ...

        There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you’re thinking of selling your house?   While home prices are still appreciating in most markets and experts say that will continue, they’re climbing at a slower pace bec ...

        With only 4,912 homes sold throughout the entire Greater Toronto Area in July of this year — some 47 per cent less compared to July 2021 — the predictions of real estate experts and analysts continue to play out as promised. For better (in the case of some buyers) or worse (sorry, sellers).   The Toronto Regional Re ...

      Ontario's cottage country real estate markets have historically served mostly recreational buyers, though that trend was recently turned upside down when residents of larger urban centres no longer bound to 9-5 office shifts started moving en masse to places like the Kawartha Lakes and Georgian Bay.   A mass urban exodus to cottage country has, ...

        If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this. It’s not just home prices that have risen in recent years – rental prices have skyrocketed as well. As a recent article from realtor.com says:   “The median rent reached ...

        A ‘historic’ housing correction is now underway in Canada and costlier markets in Ontario and British Columbia are likely to be the ‘epicentre’ of the downturn, a new report from RBC suggests.   GTA housing prices soared during the pandemic and were up nearly 36 per cent year-over-year as recently as February.   But the Bank o ...

        New data is revealing how much money Toronto residents need to make in order to afford to purchase a home in the city.    According to the new data, released by Ratehub.ca, those looking to buy in Toronto will need to make more than $220,000 to buy a home in the city with a 20 per cent down payment.   While Ratehub.ca says the housing market has ...

      Some Highlights The housing market is moving away from the frenzy of the past year and it’s opening doors for you if you’re thinking about buying a home. Housing inventory is increasing, which means more options for your search. Plus, the intensity of bidding wars may ease as buyer demand moderates, leading to fewer homes ...

        Though buying a home in most locales anyone would want to live in within Canada is still painfully expensive — with Toronto being one of the priciest cities in which to purchase real estate in the world — there has been a marked decline in market interest recently, with far fewer sales year-over-year and month-over-mo ...

        There are more homes for sale today than at any time last year. So, if you tried to buy a home last year and were outbid or out priced, now may be your opportunity. The number of homes for sale in Canada has been growing over the past four months as rising mortgage rates help slow the frenzy the housing market saw during the ...

      Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales.   But the transition back toward pre-pandemic levels isn’t a bad thing. In fact, the years lead ...

        It's not a crash or even a correction, but a slight downturn in Toronto's fast-paced housing market has some analysts nervous.   Just not about the future of luxury homes, as rich people are out there flexing as strong as ever, according to Sotheby's International Realty Canada's Top-Tier Real Estate Mid-Year Report.   Luxury real estate ap ...

      While the Bank of Canada is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now?   Greg McBride, Chief Financial Analyst at  ...

      If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still important in today’s shifting market?   The truth is, getting a pre-approval letter from your lender is critical, and when it comes to your home search, it can ...

      Staging refers to a method of property preparation for sale on the real estate market. Staging is a good way of showcasing a property’s best assets, impressing the buyers, and selling it faster for the highest possible price. For better results, you may hire a home staging real estate agent.         No homeowner wants to settle fo ...

      Some Highlights It’s worth considering the many benefits of homeownership before you make the decision to rent or buy a home. When you buy, you can stabilize your housing costs, own a tangible asset, and grow your net worth as you gain equity. When you rent, you face rising housing costs, won’t see a return on your invest ...