Matthew Aaron, Broker

Matthew Aaron, Broker HomeLife Excelsior Realty

Whether you are a first-time home buyer or selling a luxury property, you've come to the right place!

04/16/2025

The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.

03/12/2025

The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.

01/30/2025

The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%.

📅 Informed Choices: Circle These Dates!Here are the key dates for the Bank of Canada policy and interest rate decisions ...
01/09/2025

📅 Informed Choices: Circle These Dates!

Here are the key dates for the Bank of Canada policy and interest rate decisions in 2025.

Sellers should consider these dates when planning or negotiating, as market conditions may shift. Buyers may want to act quickly or delay their purchase depending on whether the anticipated changes could impact affordability.

📊Year-End 2024 Market Watch 🕵️The Greater Toronto Area (GTA) housing market experienced a transitionary year in 2024. Tr...
01/09/2025

📊Year-End 2024 Market Watch 🕵️

The Greater Toronto Area (GTA) housing market experienced a transitionary year in 2024. Transactions increased by 2.6% compared to 2023, while new listings surged by 16.4%, giving buyers plenty of options. The average selling price across all home types dipped by less than 1% year-over-year with condominium apartments providing the largest decline.

High borrowing costs remained a significant challenge, keeping home sales below long-term averages. However, rate cuts by the Bank of Canada in the latter half of the year provided some relief and are expected to drive improved market conditions in 2025.

Looking ahead, further rate cuts and prices below historic peaks could boost buyer confidence. The preconstruction condo market is likely to remain soft but the typical seasonal rise in activity and pricing is anticipated between January and April. 🌐🏠

12/11/2024

The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%.

📊 October 2024 Market Watch 🕵️Home sales in the Greater Toronto Area surged in October 2024, marking a significant 44.4%...
11/12/2024

📊 October 2024 Market Watch 🕵️

Home sales in the Greater Toronto Area surged in October 2024, marking a significant 44.4% increase compared to last year. New listings also rose but at a slower pace, leading to tighter market conditions. The average home selling price saw a modest annual gain.

As mortgage rates have started to decrease, more buyers are returning to the market, drawn by improved affordability. However, despite the recent boost in activity, inventory remains sufficient, giving buyers plenty of options and helping to moderate price growth in the short term. Looking ahead, anticipated inventory reductions and ongoing population growth are expected to drive stronger pricing trends. 🌐🏠

10/23/2024

The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%.

📊 May 2024 Market Watch 🕵️The number of transactions in May remained low, particularly when compared to last spring's br...
06/05/2024

📊 May 2024 Market Watch 🕵️

The number of transactions in May remained low, particularly when compared to last spring's brief surge in market activity. Resale inventory continues to climb, adding further supply to the market. The number of total active listings grew to a level not seen since 2014, providing more options to buyers.

The number of new listings was relatively high but within historical norms. More property owners are coming to market but it seems that current demand is insufficient to absorb the increase. Pricing is still elevated as sellers stay firm. Buyers are holding back - possibly influenced by affordability and expectations of more favourable conditions. 🌐🏠

06/05/2024

The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization.

Address

800-4560 Highway 7
Unionville, ON
L3R1M5

Telephone

+19054151000

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