Posts Tagged ‘toronto condo listing agents’
Interest Rate Announcement: Steady As She Goes, Until “Downward Momentum is Sustained”
Bank of Canada Holds Interest Rate at 5% The Bank of Canada has held its benchmark interest rate at 5%, marking the sixth consecutive pause after a tightening campaign in 2023 to cool high inflation. It appears to be working, with ...
Selling Prices Up In March and Set to Accelerate This Spring
March 2024 home sales reported through TRREB’s MLS® System were lower than the March 2023 result, due in part to the statutory holiday Good Friday falling in March this year versus April last year. Despite a better-supplied market compared t...
Buyers Re-Enter the Toronto Housing Market in February
Greater Toronto Area (GTA) home sales and new listings were up on an annual and monthly basis in February 2024. Selling prices also edged upward compared to a year earlier. Population growth and a resilient regional economy continued to support...
Better-Supplied Condo Market in Q4 2023
Fourth quarter 2023 condominium apartment sales in the Greater Toronto Area (GTA) remained low historically, as the demand for ownership housing continued to be hampered by affordability concerns brought about by high borrowing costs. Buyers wh...
Toronto Resale December and Year-End 2023 Statistics Released
While the overall demand for housing remained buoyed by record immigration in 2023, more of this demand was pointed at the rental market. The number of Toronto home sales in 2023 came in at less than 70,000 due to affordability issues brought a...
Toronto’s Luxury Land Transfer Tax Takes Effect on January 1, 2024
In September 2023, the City Council of Toronto approved imposing a “Luxury Land Transfer Tax,” starting January 1, 2024. In addition to other revenue methods, such as removing the cap on $5/hour street parking and requesting the provincial ...
Happy Holidays from Casey Ragan
If you want to buy or sell a Toronto condo or loft, contact Casey Ragan at 416-486-5588 or by email at casey@remaxhallmark.com Casey Ragan “Toronto’s Condo Authority” Toronto Condos and Lofts Like Me o...
November 2023 Toronto Resale Market Statistics
High borrowing costs and uncertain economic conditions continued to weigh on Toronto home sales in November 2023. Sales were down on a year-over-year basis, while listings were up from last year’s trough in supply. With more choice in the mar...