Blog - Eileen Wylie

Market update week ending November 24th

25 November 2023

Eileen Wylie

In Canada's housing market, it matters who your parents are. Children of homeowners twice as likely to own a home, finds Statistics Canada study. Getting on the property ladder is so tough these days more young Canadians despair of ever getting to the first rung.

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Market update week ending November 17th

23 November 2023

Eileen Wylie

Rent prices in Toronto are actually letting up while nearby cities are on the rise. Rent prices in Toronto have declined marginally for some unit types while the cost of renting an apartment elsewhere in Canada is surging to new heights, according to a new report from Rentals.ca and Urbanation. Rates have persistently risen by nearly $ 200 per month across the country for the last six months, and of course, residents of the nation's largest and most bustling cities have it the worst as far as the housing crisis is concerned. But, if there's one thing Toronto residents are used to, it's an exorbitant cost of living, and our rent rates have been spiking less dramatically on a month-over-month and year-over-year basis compared to other Canadian locals if that's anything to be thankful for.

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Market update week ending November 10th

23 November 2023

Eileen Wylie

GTA buyers are walking away from deposits on new build homes. Troubling headwinds continue to persist in the preconstruction real estate industry as homebuyers are unable to close their transactions and are walking away from sizable deposits, some worth as much as $300,000.

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Market update week ending November 3rd

23 November 2023

Eileen Wylie

Lack of affordability and uncertainty remained issues for many would-be home buyers in the Greater Toronto Area (GTA) in October 2023.

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Market update week ending October 27th

23 November 2023

Eileen Wylie

The Bank of Canada says higher interest rates have not dragged down home prices as much as expected, because a shortage of homes in the country is keeping values elevated.

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