Category: Uncategorized
-
$1.5M Cap Change May Drive GTA Home Sales!
Raising the insured mortgage cap to $1.5 million may increase market activity, especially in the Greater Toronto Area. Around 20% of homes fall within the new range, with the GTA’s median home price at $1.2 million.
-
Check out my listing Address: 9382 Silver West Lincoln, Ontario L0R1E0
Discover a stunning rural property on a generous lot, approximately 100.23 by 535.27 feet, nestled in the scenic charm of West Lincoln, Ontario. This newly renovated bungalow combines modern comfort with countryside allure, offering the perfect escape just 20 minutes from Hamilton. Surrounded by luxury custom-built homes, this property is ideal for those craving space…
-
Check out my listing Address: 147 Mcwilliams Oakville, Ontario L6M0W5
Welcome to this luxurious home with 5 + 2 bedrooms and 5 washrooms. This stunning 3,749 sq. ft. above-grade home, plus a finished lower level, totals over 5,000 sq. ft. of living space. Located in the prestigious community, this residence is close to the hospital, top-rated schools, parks, and shopping. A lot of $$$ spent…
-
GTA Housing Supply Is at Risk
The GTA's housing supply could deteriorate in the coming years due to declining development applications. Population growth continues to outpace new housing, worsening the existing supply shortage in the GTA.
-
Greater Toronto home sales jump in October after Bank of Canada rate cuts
Home sales in the Greater Toronto Area surged in October, with 6,658 transactions, a 44.4% increase from last year. The average selling price rose 1.1% to $1,135,215, while the composite benchmark price fell 3.3%. The Bank of Canada's interest rate cuts have encouraged buyers to return to the market. New listings increased by 4.3% to…
-
GTA Condo Listings Soar Ahead of Rate Cuts
Double-digit condominium inventory growth in Toronto reflects increased seller participation as buyers anticipate future rate cuts.Average condominium prices in Greater Toronto fell by 2% compared to the previous year, reaching ~$733K
-
Check out my new listing Address: 147 Mcwilliams Oakville, Ontario L6M0W5
Welcome to this luxurious home with 5 + 2 bedrooms and 5 washrooms. This stunning 3,749 sq. ft. above-grade home, plus a finished lower level, totals over 5,000 sq. ft. of living space. Located in the prestigious community, this residence is close to the hospital, top-rated schools, parks, and shopping. A lot of $$$ spent…
-
Buyers are still offering way under asking price for homes in most parts of Toronto area
Home sales in the Toronto area are gradually increasing after a prolonged slump, but buyers still hold significant negotiating power. As of October, 88% of the GTA is in "underbidding territory," with 70% of homes selling for less than the asking price. Despite a decline in bidding activity, there are signs of renewed buyer interest,…
-
GTA’s Home Sales Rise in Late-Q3: Is Recovery Close?
GTA home sales in September reached 4,996, slightly up from August but 8.5% higher than September last year. The increase in sales is driven by lower interest rates and affordable conditions, boosting homeownership demand.
-
GTA Housing Market: Growing Demand-Supply Gap
A growing gap exists between home demand and housing starts in the Greater Toronto Area. Housing start applications decreased from 2,428 in 2021 to 1,225 in 2024, worsening affordability.