My GTA Home Value

02/21/2025

Supply will be an important variable to watch closely this year.

While the surge in new listings in January was partly the result of a very large number of homes being put back on the market after being pulled late last year, roughly 400K in the mortgages in the GTA are up for renewal in Canada this year at significantly higher interest rates than originally contracted, which will cause more listings to occur.

While the economic and political fog will likely linger for some time, buyers should begin to re-enter the market during the spring as interest rates continue to fall, helping stabilize the market.

The Bank of Canada cut interest rates by a further 25 basis points on January 29 to 3.0% — the sixth consecutive cut — and 5-year bond yields have dropped below 3%, which is starting to bring fixed-rate mortgages below 4%.

The Bank of Canada mentioned that a trade war with the U.S. has the potential to bring significant economic damage, requiring lower interest rates to help stabilize the economy.

Looking to Sell? Let’s discuss how you can position yourself in this changing market.

02/13/2024

Here are some tips experts have shared that can make buying a home more attainable even with the high interest rates.

There is no shortage of obstacles for first-time homebuyers in this economy, including high interest rates, but that doesn’t mean that buying a house is an impossible dream.

02/12/2024

"Once the Bank of Canada actually starts cutting its policy rate, likely in the second half of 2024, expect home sales to pick up even further,"

Greater Toronto area home sales jumped in January while new listings increased more slowly, in a tightening of market conditions that could lead to a resurgence in house prices in the coming months, data showed on Tuesday.

02/11/2024

The fleet-footed forward, who inked a roughly $200 million-per-year deal with the Riyadh-based team, just purchased a mansion in Dubai, The Daily Mail reported.

Cristiano Ronaldo is no stranger to luxury homes, and from the looks of his most recent real estate investment, the Portuguese soccer star is putting down roots in the United Arab Emirates following his first season with Saudi Arabian professional football club Al Nassr.

02/10/2024

“Record population growth, a resilient economy, low unemployment and declining mortgage rates in the second half of the year will result in increased home sales compared to 2023,”

The average selling price of a Toronto home is expected to rebound in 2024 to hit the second-highest level ever, launching a multi-year recovery in the market, according to an annual outlook released by the Toronto Regional Real Estate Board this week.

02/09/2024

“This is a very large payment. It could rapidly spiral in terms of additional interest rate costs,”

“This is a very large payment. It could rapidly spiral in terms of additional interest rate costs,” said Susan M. Wachter, a professor of real estate at The Wharton School of the University of Pennsylvania.

02/08/2024

Is “marry the house, date the rate” sound advice?

“Buy now, refinance later” has become a popular path to homeownership in recent years: Of the buyers who took out mortgages between September 2022 and September 2023, 84% said they plan to refinance, according to a U.S. News survey conducted between Sept. 1 and Sept. 7, 2023.

02/07/2024

Think you’re ready to sell your home? Not so fast.

Think you’re ready to list your home? Especially if you’ve never sold a property before, there’s some homework you have to do first. Sure, selling your home in “as is” condition is an option, but a little cleaning, maintenance, and home sale prep can increase your asking price and attract ...

02/06/2024

The luxury real estate firm reported an uptick in Toronto home sales over $4 million in the latter half of 2023.

The City of Toronto saw a 27 per cent bump in the number of properties that sold for $4 million or more in the last half of 2023, according to new data from Sotheby's International Realty Canada.

02/05/2024

Energy-efficient appliances offer numerous benefits, from saving money to reducing environmental impacts.

Energy-efficient home appliances are gaining popularity due to their ability to reduce utility costs and contribute to a more sustainable lifestyle. This guide will explore the benefits of these appliances and provide some top picks to help you make informed decisions when purchasing them for your h...

02/04/2024

If you’ve never owned a home before — or it’s been a while since you have — you might qualify for a first-time homebuyer loan or assistance.

If you’ve never owned a home before — or it’s been a while since you have — you might qualify for a first-time homebuyer loan or assistance. First-time buyer loans typically have more flexible requirements, such as a lower down payment and credit score. Many help buyers with closing costs an...

02/02/2024

Canada's new-house price index was unchanged in December, even though the majority of major urban regions recorded a month-over-month decline.

Statistics Canada said Tuesday that 21 of the 27 metropolitan areas surveyed recorded a month-over-month drop in new-house prices. Nevertheless, the index remained unchanged for December relative to November.