-Factory-built homes can cut construction time by up to 50%
– Spring thaw trucking limits delay housing delivery every year
– NIMBYism contributes to zoning delays and community resistance
– OREA proposes streamlined regulations and clearer definitions
– Public-private partnerships could add 10,000 homes annually
More Affordable Homes, More Choices, and a Market in Transition 💸 A More Affordable Landscape for Buyers Homeownership in the Greater Toronto Area (GTA) became more affordable in March 2025 compared to the same time last year. With both borrowing costs and average home prices trending downward, monthly mortgage payments are now more manageable for… Read More
If you’re a first-time homebuyer, there’s great news — and a few things you really need to know before jumping into a pre-construction or assignment deal. 🚨 GST Is Now WAIVED for First-Time Buyers (Up to $1M) As of March 20, 2025, the Canadian government has completely removed the 5% GST on new or substantially… Read More
Are you currently renting in the Greater Toronto Area (GTA) and wondering if homeownership is the right move for you? Many renters hesitate to take the leap due to high home prices, but does owning actually make better financial sense in the long run? Let’s break it down in simple terms using two scenarios: Buying… Read More
Greater Toronto Area Real Estate Market Sees High Listing Inventory The GTA real estate market in February 2025 provided homebuyers in Toronto and surrounding areas with significant negotiating power due to an increase in available listings. While Toronto home sales declined compared to last year, the high inventory levels allowed buyers more choice, creating favorable… Read More
A Steady Year Ahead for GTA Real Estate The Toronto Regional Real Estate Board (TRREB) has released its 2025 Market Outlook and Year in Review, highlighting a year of steady home price growth in line with inflation. With an anticipated increase in transactions, a well-supplied housing market, and lower borrowing costs, the Greater Toronto Area… Read More
The Greater Toronto Area (GTA) housing market in 2024 was marked by a dynamic mix of monthly fluctuations and annual trends. December provided a telling snapshot of the market’s state at year-end, offering valuable insights as we move into 2025. Here’s a detailed breakdown, starting with December’s performance, followed by an analysis of the year… Read More
Overview of November 2024 Market Performance The Greater Toronto Area (GTA) housing market showed significant growth in November 2024, as home sales surged by 40.1% compared to the same month in 2023. This marked a pivotal shift for both buyers and sellers in the region, as improved affordability due to lower borrowing costs encouraged more… Read More
The October 2024 GTA market report highlights a housing market on the upswing, with improving buyer activity and steady price trends. While challenges remain, especially in affordability and inventory, the outlook for the coming months suggests a dynamic market for both buyers and sellers.
The GTA real estate market is showing signs of recovery! Home sales surged by 8.5% in September 2024, with buyers taking advantage of interest rate cuts and new lending guidelines.
From May to August, home sales consistently declined year-over-year, with drops ranging from 5.3% to 21.7%. Despite this, new listings increased each month, providing buyers with more options and negotiation power. Average selling prices fell year-over-year but showed slight stabilization in July and August. Looking ahead, lower mortgage rates may boost demand later in 2024, potentially driving prices up in 2025. For now, buyers can take advantage of current inventory levels and moderate prices.
In April 2024, Toronto’s real estate market saw a shift with increased inventory and stable pricing compared to the previous year. TRREB’s report highlights these trends, along with insights into buyer preferences and government initiatives.
March 2024 GTA home sales dropped, but prices rose due to increased competition; with sales down 4.5% and listings up 15%, TRREB sees market shifts, anticipating further growth with lower borrowing costs, emphasizing supply solutions.
Explore the GTA housing market’s resurgence with a notable sales surge, price stability, and future trends. TRREB’s latest report unveils positive momentum for potential homebuyers in the Greater Toronto Area for February 2024.
Dive into TRREB’s comprehensive market update, exploring the dynamics of GTA real estate in 2023, with a keen eye on anticipated shifts in 2024