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Market update week ending August 25th

30 August 2023
Eileen Wylie

Ontario's Property Tax Reassessment Officially Deferred The Ontario government is postponing a provincewide property tax reassessment while it conducts a new review of the accuracy and fairness of the system.

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Market update week ending August 11th

15 August 2023
Eileen Wylie

Real estate investors are exiting the market as new listings in Toronto trend up and interest rates remain high, experts say. In July, new listings increased by 11.5 per cent annually and condominiums had the highest percentage rise in sales volume compared to single-family homes, increasing by more than 11 per cent annually.

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Market update week ending August 4th

07 August 2023
Eileen Wylie

The Greater Toronto Area's real estate market appears to be balancing out, with sales trending lower as new listings gained steam in July.

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Market update week ending July 28th

07 August 2023
Eileen Wylie

NO MORE RATE HIKES THIS YEAR, SURVEY SUGGESTS. A survey of market experts says the Bank of Canada will unlikely hike interest rates again for the remainder of the year, and is expected to start cutting rates next spring, according to a report of economists and market participants released by the central bank this week.

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Market update week ending July 21st

07 August 2023
Eileen Wylie

Rents for GTA condos continue to soar, hitting an average of about $2,800 a month in the second quarter of 2023, an almost 32 per cent rise over the last two years. And the spike in rents has been even higher for micro units under 400 square feet.

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