High borrowing costs and economic uncertainties persisted in November 2023, causing Toronto and Greater Toronto Area homebuyers and sellers to take another step back from real estate, influencing a year-over-year decline in home sales. The Toronto Regional Real Estate Board (TRREB) reported a 6% decline in sales year-over-year, but this sluggis ...

        Millennials and baby boomers are in a particularly “tough position,” a new report shows.   For many Ontario homeowners, the rate pain has gotten so fierce that they’re putting off their homebuying plans indefinitely.   Data from a new RATESDOTCA survey shows that today’s interest rate realities have impacted the decision ...

        A new report looks ahead at Canadian housing in 2024, and forecasts softer sales and prices across all major markets, as well as a drop-off in homebuilding activity.   Though it seems more than likely that the Bank of Canada (BoC) is done hiking rates for this cycle, the housing market is expected to remain soft through the spring.   Desjardins&rsquo ...

        The housing market is an ever-evolving landscape and now, as the next generation seeks to navigate the challenging journey of homeownership, some parents may choose to lend a helping hand. Here are four valuable tips for assisting your child in making their first foray into the real estate market.   Financial Education and Planning: Lay the Foundation for S ...

        High interest rates and stretched affordability will continue to weigh on Canada's housing markets for the remainder of the year.   High interest rates continued to cool Canada’s housing markets in October, a trend economists predict will persist well into 2024.   According to new data from the Canadian Real Estate Association, just 424,92 ...

        Increasing the resale value of your home involves a combination of strategic improvements and effective presentation. Not only is it nice to make upgrades to your home that make it more comfortable, but it adds more value to the home when you sell it. With just a few simple or more significant upgrades, your home value can increase drastically. Here are some key s ...

        Moving to a new city can be quite challenging and scary at times. Especially if you do not know anyone in the neighbourhood, don’t know how close necessities are like grocery stores and hospitals, and don’t know if there are quality schools nearby.   These are all very important things to know about a neighbourhood before you move there. Some of ...

        Canadians are putting 8% of their disposable incomes towards their mortgages. In the US, that same metric is just 4%.   BMO Economist, Sal Guatieri, says that Canadian homeowners are spending more on their mortgages than ever before.   In a note from Monday, Guatieri revealed that Canadian families put just over 8% of their disposable incom ...

        Even if realtors want to hold out hope that Toronto's housing market will soon be booming again, the stats continue to prove them wrong, and October's numbers are no different from recent trends.   The latest report from the Toronto Regional Real Estate Board (TRREB) indicates that high interest rates and the incredibly expensive cost of livi ...

        Lack of affordability and uncertainty remained issues for many would-be home buyers in the Greater Toronto Area (GTA) in October 2023. As a result, sales edged lower compared to last year. However, selling prices remained higher than last year’s levels.   “Record population growth and a relatively resilient GTA economy have kept the overall dem ...

        In the ever-evolving landscape of personal finance, few decisions hold as much weight as those concerning our homes. For many, a mortgage is the cornerstone of their financial journey, representing a long-term commitment to both a property and a financial institution. However, as economic tides ebb and flow, so do the opportunities that come with them. In terms of ...

        In a climate of persistently high interest rates and heightened living costs, TD Economist Rishi Sondi predicts that the country’s home prices and sales will drop over the coming months before rebounding in the spring.   Canada’s home prices will continue to fall throughout the winter before picking up with the spring showers, according to a new ...

        Since March, the Bank of Canada has raised interest rates twice, and the number of homeowners struggling to afford their monthly mortgage payments has doubled.   Since March, the Bank of Canada (BoC) has raised interest rates twice, and the number of homeowners struggling to afford their monthly mortgage payments has doubled.   According to a ne ...

        Homebuyers have been feeling a lot of uncertainty about whether the Bank of Canada will further hike interest rates this week, but recently released data from Statistics Canada shows inflation cooled in September and may mean relief for borrowers.    Inflation fell from 4% in August to 3.8% in September, suggesting the impacts of previous rate hikes ar ...

        The gap between been housing completions and population growth has widened to a 50-year high in Canada, says public policy think-tank.   It’s no secret that housing completions trail well behind population growth in Canada, but there’s still some shock value when you dig into the actual numbers.   According to a research bulletin from the ...

        Experts agree that the tides have turned for the GTA’s long-standing sellers’ market, with softer conditions expected for the rest of the year and well into 2024.   Toronto realtor and chartered accountant Scott Ingram says that September coaxed a shift in the GTA’s housing market.   “Different pockets and different housing ty ...

        Even though Toronto's housing market is in some ways softening — sales numbers have plummeted, homes are sitting on the market for longer and going for below asking — some experts are still warning would-be buyers that prices will be rising by the end of the year despite staying pretty flat in recent months. &nb ...

      Canada is seeing higher interest rates, turning investors away from the market. That’s helping to balance demand. Canadian Real Estate Association (CREA) data reveals national existing home sales fell in September. The drop isn’t particularly noteworthy by itself, but when combined with strong inventory it demands attention. Market conditions are coo ...

      Greater Toronto real estate prices are once again moving lower as investors pull back. Toronto Regional Real Estate Board (TRREB) data revealed prices moved lower in September. It marked the third consecutive month for falling home prices, nearly wiping out gains made after a central bank pause. Despite a new pause, home sales are falling and inventory is rising ...

        Toronto's real estate market may be in a months-long slump thanks to prohibitive interest rates, but despite a serious plunge in the number of sales, prices haven't been following suit — and some stakeholders are saying they are due to actually increase by the end of the year.   The experts at Royal LePage have amended their earlier prediction&nb ...