Market update week ending September 20th

23 September 2024
Eileen Wylie

Statistics Canada released its latest inflation report on Tuesday, and they are calling it a “turning point” for interest rates and an indication that better days are ahead for the housing market.


Market update week ending September 13th

13 September 2024
Eileen Wylie

Real estate analysts in the Greater Toronto Area (GTA) say the combination of elevated interest rates and an increase in newly completed condo units has resulted in an oversupply, which will take time to correct.


Market update week ending September 6th

07 September 2024
Eileen Wylie

The August stats are out for the GTA market and there were 4,975 home sales reported through TRREB’s MLS® System in August – down by 5.3% compared to 5,251 sales reported in August 2023. New listings entered into the MLS® System amounted to 12,547 – up by 1.5% year-over-year.


Market update week ending August 30th

04 September 2024
Eileen Wylie

Toronto area new home sales continue to drop and hit an all-time low in July. Sales of newly built homes continue to decline, with July hitting an unprecedented low for the month. The number of new project releases has been minimal, and months of inventory continue to rise.


Market update week ending August 23rd

04 September 2024
Eileen Wylie

The real estate market can be unpredictable, but there are definitely moments when conditions align favorably for buyers, and this could be a good opportunity to buy a first home. As weak as housing affordability is right now, aspiring young buyers may never see a better time to buy.