The Greater Toronto Area’s housing market continued to tighten in April 2023, with fewer listings leading to more competition between buyers and supporting an improvement in selling prices.
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TRREB reports tighter market conditions and increased competition among buyers in the Greater Toronto Area (GTA), leading to higher average sale prices in March 2023.
Canada has amended its ban on foreign home buyers, allowing certain exemptions. The changes aim to boost housing supply, but raise concerns.
The Bank of Canada’s decision not to raise interest rates diverges from the US Federal Reserve’s continuous hikes. This may impact the rental market and ease rent prices, but supply shortages will still prevail. Rising interest rates in the US, compared to shorter-term mortgages in Canada, may impact the Canadian economy and inflation, leading to a weaker Canadian dollar.
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Bank of Canada keeps key rate steady On March 8, 2023 after eight hikes, citing tight labor market and high inflation. Economists watching indicators for rate cut. Is it too early to be optimistic?
Toronto’s February 2023 sales report shows a 47% decline in sales but stable prices. Increased buying intentions and a new housing initiative may support future growth.
Toronto’s real estate market has been on a wild ride in recent years, with the COVID-19 pandemic causing a slowdown in sales and fluctuation in prices. However, despite the challenges, the market has remained relatively resilient.
We bought our second condo through Opel and had a great experience overall. Opel was very proactive, knowledgeable and always went the extra mile to help us throughout the process. She was also very accommodating, responsive, and always on time! Overall, Opel is a true gem and we (have already) and will continue to recommend… Read More
Opel has been a fantastic real estate agent to work with. During our almost-three-month apartment hunt, she has always been professional and patient, while providing copious advice and guidance. Searching for a condo in downtown Toronto is tough in itself, and with the long checklist of requirements that we had, Opel was always patient and… Read More
We first met Opel in 2018 when we were looking to upsize from our condo to a townhouse. Even though she was just starting her real estate career at the time, we quickly learned that it was the right decision to put our trust in her. Opel was extremely diligent and worked hard to get… Read More
It is more than words I can express my appreciation and satisfaction. Being a first time home buyer can be stressful, but Opel made it worry-free for me. She explains how-and-why with details and in depth, guides me step by step before every stages of processing, and also provides me an overall map about my… Read More
I am so glad I contacted Opel because everything went so smoothly. I worked with Opel about 10 years ago, and I reached out to her to help me purchase my first home because I remembered her as honest and trustworthy. As a first time home buyer, I was very nervous and unfamiliar with the… Read More