Category: Uncategorized
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GTA: Buyers Take the Wheel as Inventory Soars
Sales Slowdown: GTA housing sales dipped 3% MoM, unlike the national markets. Price Segmentation: Entry-level and high-end luxury homes are still selling well, while the middle segment is experiencing a slowdown.
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Toronto Housing Market Faces Decline As Prices Hit New High
Greater Toronto area home sales declined for the fourth consecutive month in May, with prices increasing slightly. New listings rose, but year-over-year figures show a significant drop in sales and prices. The Bank of Canada's high rates are impacting buyer affordability, with potential rate cuts expected to improve the situation. Continue to full article
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What Does a Buyer’s Agent Do?
Handling required paperwork: Managing and organizing all necessary documentation. Drafting and submitting offers: Creating and presenting purchase offers to sellers.
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GTA Signals a Hotter Summer Real Estate Market
The avg selling price for homes in the GTA in May was $1,165,691, a 2.5% decrease yearly. GTA housing market saw stable sales in May at 7,013 transactions, ↓ 21.7% yearly.
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GTA Housing: Overbidding Trends Decline to 36%
~60% of GTA neighbourhoods were in underbidding territory in May, with 4% of homes selling for asking price.For single-family homes and townhouses, 53% of GTA neighbourhoods were in overbidding territory last month.
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Property tax hike expected in Oakville
Oakville's 2025 budget process has begun with staff warning of rising costs. Property taxes are expected to increase by about four per cent to cover higher salaries, benefits, and operating expenses. The budget will also include funds for projects like the Sixteen Mile Community Centre, electric buses, and the downtown cultural hub. The Oakville Public…
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Home buyers looking for deals in expensive Oakville neighbourhoods
Three Oakville neighbourhoods, including southwest Oakville, Eastlake, and Old Oakville, are experiencing underbidding for home sales, despite high median prices. The Bank of Canada's recent rate cut may boost buyer confidence. Overbidding in the GTA real estate market decreased for the second consecutive month in May, with 36% of neighbourhoods in overbidding territory. Continue to…
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Could a new plan to get affordable housing in Toronto ‘unstuck’ work?
Toronto city councillors will consider a plan to spend $350 million on financial incentives to build 6,000 affordable rental units. The Rental Supply Housing Program aims to accelerate construction by providing up to $260,000 per unit. The city hopes to address the housing crisis by fast-tracking projects and creating affordable housing for low-income workers and…
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GTA Condo Sales Slump Hits High:Density Land Market
Fewer condo sales lead to fewer high-density land sales in the GTA. Developers are reluctant to lower condo prices due to high land acquisition costs.
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GTA Real Estate Sales Down Despite Overall Increase
Detached homes sales: 3,238 in May, ↓ 19.4% yearly Semi-detached homes sales: 616 in May, ↓ 21.3% yearly