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Resale Market Statistics Released for January 2023 February 4, 2023 As we moved from 2022 into 2023, the Toronto condo and loft market unfolded as expected. The number of January sales and the overall average selling price were similar to December 2022. On a year-over-year basis, both sales and prices were down markedly, continuing to highlight the impact of higher borrowing costs on affordability over […] Read More
The Difference Between Being Pre-Qualified and Pre-Approved February 3, 2023 Purchasing a condo or loft can be confusing with all the different terms and requirements. Two steps involved in the mortgage process are pre-qualification and pre-approval. But what’s the difference between being pre-qualified and pre-approved? Prospective buyers should consider getting pre-qualification at the onset of their home-buying process. It allows them to consider their budget […] Read More
5 New Year’s Resolutions for Toronto Condo and Loft Buyers January 15, 2023 If Toronto condo or loft buying is on your to-do list in the future, there are some tasks to tackle before you start shopping. Admittedly, many of these New Year’s Resolutions relate to finances (as they often do) and rightly so. A home is the biggest investment most of us will make in our lifetime. […] Read More
Explore the Neighbourhood Before You Buy January 2, 2023 The quality of the surrounding community is a significant factor in determining whether you will be happy in your new Toronto condo or loft. While choosing a neighbourhood and forming an accurate impression of it is tough until you actually live there, preliminary research on the area can reduce the likelihood of suffering from buyer’s […] Read More
October 2022 Resale Market Statistics Released November 4, 2022 Despite the continued housing market transition to a higher borrowing cost environment, the average selling price in the Toronto found some support near $1.1 million since the late summer. Toronto condo and loft sales continued to adjust to substantially higher interest rates in October 2022, both on an annual and monthly basis. However, new listings […] Read More
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