Recent Posts
March 2023 Toronto Resale Market Statistics Released
April 5, 2023
Toronto condo and loft market conditions tightened in March 2023. Sales accounted for an increased share of listings in comparison to March 2022, suggesting that competition between buyers is on the rise. The average sale price was above the average list price for the first time since May 2022. As we moved through the first […]
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February 2023 Toronto Resale Market Statistics Released
March 23, 2023
February sales in Toronto 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 selling price and MLS® HPI continued to level off after trending lower through the spring and summer of last year. It has been almost […]
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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 […]
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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 […]
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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. […]
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