On 7 December 2022, the Bank of Canada raises interest rates again in order to combat inflation. Will this be enough? Next time will be 26 January 2023. Remember, that …
Toronto and GTA Markets in November 2022
GTA REALTORS® Release November Stats TORONTO, ONTARIO, December 6, 2022 – Homeownership market activity in November continued to be influenced by the impact of higher borrowing costs on affordability. Sales were …
Toronto and GTA Markets in October 2022
GTA REALTORS® Release October Stats November 3, 2022: “Despite the continued housing market transition to a higher borrowing cost environment, the average selling price in the Greater Toronto Area (GTA) found …
Ontario Waterfront Properties ~ Good Deals!
Where are the best deals? With the prices of waterfront properties having risen so much since the turn of the century, where are you going to find good deals now? …
The Two Spring Markets
Just about everybody wants to know when the Spring real estate market begins. Actually, so do I. It’s different each year! If you were to examine the market from an …
Price to Sell
The single most important matter to consider when you are about to list your property is the “asking price”. How do you determine what it should be? Naturally, every vendor …
Multiple Offers
In Toronto’s competitive marketplace, Buyers have to expect that they may be in a multiple offer environment. Basically, this means that their first offer will either be their best offer, …
Real Estate Values in Uncertain Times
October 2022 I have reproduced an article written on 8 October 2008, that was 14 years ago. That was the worst the world economy had ever been in recent times: …
Toronto and GTA Markets in September 2022
GTA REALTORS® Release September Stats October 5, 2022: “The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs in September 2022. Sales for the month reached 5,038, …
The Crash of 2022 compared to 2017
Recently, we have seen a decline in the 2022 market, which now appears to have bottomed out. How does it compare to 2017? The market declined 20.28% from April to …