Posts Tagged ‘Toronto luxury condos’
Home Buyers Experience Less Competition in May
May home sales continued at low levels, especially in comparison to last spring’s short-lived pick-up in market activity. Home buyers are still waiting for relief on the mortgage rate front. Existing homeowners are anticipating an uptick in d...
More Choice for Home Buyers in April
April 2024 home sales were down in comparison to April 2023, when there was a temporary resurgence in market activity. New listings were up strongly year-over-year, which meant there was increased choice for home buyers and little movement in t...
What Are Condo Fees?
What are condo fees, how are they calculated, and what do they cover? Condos have become the home of choice for many Toronto homebuyers, particularly first-timers, but increasingly move-up buyers as well. But many don’t understand this lifest...
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...
Tighter Market Conditions in January 2024 When Compared to the Previous Year
Home sales were up in January 2024 in comparison to January 2023. This annual increase came as some homebuyers started to benefit from lower borrowing costs associated with fixed rate mortgage products. New listings were also up year-over-year ...
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...