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05/18/2025

Wishing you a relaxing and joyful Victoria Day filled with BBQs, fireworks, and Canadian pride!

The GTA Just Had Its Slowest March For Home Sales Since The ‘90s!! 〽️ March 2025 marked the worst March for GTA home sa...
04/09/2025

The GTA Just Had Its Slowest March For Home Sales Since The ‘90s!!
〽️ March 2025 marked the worst March for GTA home sales since 1998, with only 5,011 transactions, according to the Toronto Regional Real Estate Board (TRREB).
While similar numbers were seen in 1998 and considered strong at the time, today’s low sales reflect broader concerns in the housing market.
〽️ By comparison, March sales were 6,560 in 2024, 6,896 in 2023, 10,955 in 2022, and 15,652 in 2021, highlighting a sharp decline over recent years.

In March 2025, sales plummeted year over year by 23 per cent, with just 5,011 sales. At the same time, new listings surg...
04/07/2025

In March 2025, sales plummeted year over year by 23 per cent, with just 5,011 sales.
At the same time, new listings surged nearly 29 per cent, surpassing 17,000 listings.
The report indicates that homeownership in the GTA became more affordable in March 2025 compared to the previous year.

💢 Homeownership in the Greater Toronto Area (GTA) became more affordable in March 2025 compared to the previous year. 💢 ...
04/04/2025

💢 Homeownership in the Greater Toronto Area (GTA) became more affordable in March 2025 compared to the previous year.
💢 GTA REALTORS® reported 5,011 home sales through TRREB’s MLS® System in March 2025 – down by 23.1 per cent compared to March 2024. New listings in the MLS® System amounted to 17,263 – up by 28.6 per cent year-over-year.
On a seasonally adjusted basis, March sales were down month-over-month compared to February 2025.
The MLS® Home Price Index Composite benchmark was down by 3.8 per cent year-over year in March 2025. 📉
The average selling price, at $1,093,254, was down by 2.5 per cent compared to the March 2024. 📉
On a month-over-month seasonally adjusted basis, the MLS® HPI Composite was down and the average selling price was flat.

روز ١٣ فروردين روز طبيعت مبارك باد.
04/02/2025

روز ١٣ فروردين روز طبيعت مبارك باد.

GTA real estate sales have dropped over the past three years due to high borrowing costs and affordability issues. Accor...
03/31/2025

GTA real estate sales have dropped over the past three years due to high borrowing costs and affordability issues. According to TRREB, added pressure from Trump’s trade war and economic uncertainty has made buyers more hesitant to enter the market.

در حالی که بسیاری از مستأجران از افزایش سرسام‌آور اجاره‌ها گلایه دارند، حالا برخی صاحب‌خانه‌های کانادایی نیز به میدان آم...
03/27/2025

در حالی که بسیاری از مستأجران از افزایش سرسام‌آور اجاره‌ها گلایه دارند، حالا برخی صاحب‌خانه‌های کانادایی نیز به میدان آمده‌اند—اما با شکایتی متفاوت.
به گفته آن‌ها، مبلغ فعلی اجاره‌ها با هزینه‌های نگهداری، مالیات و تورم هم‌خوانی ندارد و سودآوری مالکیت را زیر سؤال برده است.

💢 With the looming threat of U.S. tariffs, Canadians are treading carefully in the real estate market. 📉 New data from t...
03/24/2025

💢 With the looming threat of U.S. tariffs, Canadians are treading carefully in the real estate market.
📉 New data from the Canadian Real Estate Association reveals a potential drop in sales, indicating that both buyers and sellers are exercising extra caution in their transactions and reassessing their real estate plans.

At a national level, asking rents averaged $2,088 last month, marking a 4.8% decrease over February 2024 and the fifth c...
03/14/2025

At a national level, asking rents averaged $2,088 last month, marking a 4.8% decrease over February 2024 and the fifth consecutive month of decline. This is also the lowest asking average reported since July 2023. Even so, average asking rents have slipped by $105 each month over the past year. Conversely, the average asking increased by $209 each month between February 2023 to February 2024.

Bank of Canada cuts interest rate to 2.75% as country faces 'new crisis' from tariffs. The Bank of Canada has cut its ov...
03/12/2025

Bank of Canada cuts interest rate to 2.75% as country faces 'new crisis' from tariffs. The Bank of Canada has cut its overnight lending rate by 25 basis points to 2.75 per cent, it announced on Wednesday, as an ongoing trade war with the U.S. begins to strain the Canadian economy.

Interest rate cut likely in response to US-Canada trade warAfter the US imposed heavy tariffs on Canadian goods, the Ban...
03/07/2025

Interest rate cut likely in response to US-Canada trade war

After the US imposed heavy tariffs on Canadian goods, the Bank of Canada is likely to cut interest rates at its March 12 meeting. Economists predict that the move is necessary to deal with the economic consequences of 25% tariffs on non-energy imports and 10% tariffs on energy imports.

In response to these tariffs, Canada has imposed retaliatory tariffs of 25% on $30 billion of US goods. If the US tariffs remain in place, Canada will increase this amount to $155 billion. Experts believe that the trade war could lead to an economic recession.

Meanwhile, investors estimate the probability of a rate cut at 80%. Some economists, such as Douglas Porter of the Bank of Montreal, expect the rate cut to continue in future meetings and reach 2% by July.

Economists warn that if the tariffs remain in place, the Canadian economy could face a recession. The central bank cut interest rates to 3% in January and is now considering new monetary policies to counter the fallout from the trade war.

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