Market update week ending March 7th

12 March 2025
Eileen Wylie

GTA Listing Inventory Remained High, Providing Substantial Choice and Negotiating Power for Homebuyers Homebuyers continued to benefit from substantial choice in the Greater Toronto Area (GTA) resale market in February 2025. Home sales last month were down compared to the same period last year, while listing inventory remained high, providing substantial negotiating power for homebuyers.


Market update week ending February 28th

06 March 2025
Eileen Wylie

Mortgage defaults climb in Ontario as homeowners face renewal at higher rates The anticipated mortgage renewal shock that many experts have warned about seems to be taking hold. According to credit agency Equifax more than 11,000 mortgages in the province of Ontario missed at least one payment in the fourth quarter of 2024, or up 0.22% from 0.19% in the third quarter and 0.12% in the same period of 2023. Nearly three times the number seen in 2022.