New Home Buyers Network

01/08/2020

The average selling price of a home in the GTA in December 2019 was $837,788, up 12% year-over-year. The average selling price for all of 2019 was $819,319, an increase of 4%.

​​​​​​​Last year, the Greater Toronto Area’s housing market was in recovery mode with sales activity bouncing back from a rough 2018. This year, you can expect prices to heat up even more.

01/07/2020

You can expect prices to keep heating up, especially in Ontario. Find out more in the latest guest post from Zoocasa.

According to a number of forecasts, buyers, sellers and renters can expect the same ol’ issues to persist throughout the new year, such as crunched affordability, a lack of supply, and heating conditions in the nation’s biggest markets.

01/01/2020

Happy new year!! Have a fun and safe evening!

12/25/2019

Happy holidays everyone! Wishing you and your loved ones all the best!

12/20/2019

These New Year's resolutions will help you save thousands of dollars next year!

​​​​​​​The new decade is right around the corner. For many, the dream of homeownership is one they’d like realized in the near future. That’s why we’re sharing a few New Year’s resolutions you should make and keep so you can buy a new home!

12/19/2019

Curious about what the housing market might look like in 2020? You should check out this list!

​​​​​​​If you paid any attention to the housing market at all this year, you know there were some big moves made on a national, provincial, and municipal level. With that in mind, we reviewed all of 2019 and put together a list of 2019 highlights.

12/18/2019

It’s become clear that tenants want a bit more space, and they are willing to take on roommates to get it. In Toronto, the average rent for a one-bedroom unit fell 0.3% to $2,314, while the average rent of a two-bedroom unit went up more than 1% to $2,966

​​​​​​​The Greater Toronto Area’s rental market is struggling with a lack of supply and increasing rent. Looking ahead to 2020, it looks like the affordability struggles will continue.

12/17/2019

We'll give you a hint...prices are going up.

​​​​​​​As we approach the beginning of a new decade, it’s fair to say that 2019 was a year of recovery for Canada’s resale housing market. Now let’s take a look at what 2020 may hold.

12/16/2019

4 reasons why you may find your dream home in the next few weeks!

​​​​​​​December and January are the slowest months of the year for residential real estate, and for some people, this makes it the ideal time to seriously hunt for a home and make an offer.

12/15/2019

Unfortunately, 65% of millennials worry that if they buy a home now, they won’t be able to save for retirement, as 42% of millennial homeowners are delaying saving for retirement in order to pay their mortgage.

KPMG recently shared the results of its Millennials and Retirement poll, focusing on the homeownership concerns young Canadians have, and they’ve now released some results pertaining to concerns about retirement.

12/14/2019

If you haven't done some of these things around your home, then you should really get started!

​​​​​​​If you’ve been following our seasonal home maintenance checklists, especially for October and November, then your home should be pretty prepared for winter. If not, then make sure you complete everything on this list before the end of the year!

12/13/2019

The GTA is already struggling with low supply in the detached home market, and increased demand will create more competition, potentially causing prices to spike.

​​​​​​​As peak millennials find themselves in their 30s, it’s possible that there will be even more stress on the single-family housing market in 2020, according to a recent report by Royal LePage.