Mar 3, 2023 | GTA Market News, Uncategorized
TORONTO, ONTARIO, MARCH 3, 2023 – February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike levels of early 2022. However, the number of new listings also dropped substantially year-over-year. The result was that the average...
Sep 2, 2022 | GTA Market News, Uncategorized
TORONTO, ONTARIO, September 2, 2022 – There were 5,627 home sales reported through the Toronto Regional Real Estate Board’s (TRREB) MLS® System in August 2022, representing a year-over-year dip of 34.2 per cent – a lesser annual rate of decline compared to the...
Mar 3, 2022 | GTA Market News, Uncategorized
TORONTO, ONTARIO, March 3, 2022 – February home sales were down compared to the all-time record in 2021, but represented the second-best result for the month of February in history. New listings dropped, but by a marginally lesser annual rate than sales, pointing to a...
Oct 6, 2021 | Uncategorized
TIGHT GTA HOUSING MARKET CONDITIONS SUSTAIN STRONG PRICE GROWTH TORONTO, ONTARIO, October 5, 2021 – September marked the transition from the slower summer market to the busier fall market in the Greater Toronto Area (GTA). Every year, we generally see an uptick in...
Jul 6, 2021 | GTA Market News, Uncategorized
TORONTO, ONTARIO, July 6, 2021 – June home sales were up compared to last year, but remained below the March 2021 peak and were lower than the number of transactions reported for May 2021, consistent with the regular seasonal trend. The average selling price in June...
May 21, 2021 | Mortgage Information, Uncategorized
Today the Office of the Superintendent of Financial Institutions (OSFI) announced it will move forward with a proposed new qualifying rate for uninsured mortgages, reinforcing the mortgage underwriting principles outlined in Guideline B-20. As of June 1, 2021, the...
