The latest figures from Toronto’s real estate landscape paint an interesting picture for December 2024. According to the Toronto Regional Real Estate Board’s monthly analysis, homes are currently spending around 58 days on the market before selling. The standout performer this month was the semi-detached segment, which saw prices climb impressively to $1,302,024 – an… Continue reading December 2024: Toronto Real Estate Market Shows Mixed Results as Semi-Detached Homes Lead the Way
Based on the November 2024 Toronto Market Report from the Toronto Regional Real Estate Board, properties in Toronto are spending an average of 48 days on the market. The report details the average selling prices across different property categories, showing mixed performance compared to November 2023. Detached homes lead the market with an average price… Continue reading November 2024: Toronto’s Housing Market Reveals Diverging Trends
The Bank of Canada has implemented another significant rate cut of 0.50%, marking a continuation of its easing measures. This adjustment is expected to have an almost immediate effect on variable-rate mortgages offered by most lenders. What might this mean for the future? It’s possible the Bank of Canada will continue with incremental cuts of… Continue reading Mortgage Minute
The August 2024 Toronto Market Report, based on statistics from the Toronto Regional Real Estate Board, shows that the average days on the market for properties in Toronto is 47, indicating a slightly longer time frame for property sales compared to previous months. The report outlines the average selling prices for different property types: Detached… Continue reading August 2024 Toronto Market Report: Detached Home Prices Rise as Other Segments Decline
As anticipated, the Bank of Canada has implemented a 0.25% rate reduction. This trend is likely to persist in subsequent meetings. It could potentially accelerate if the US Federal Reserve begins to cut rates in the fall, providing the Bank of Canada with the impetus to adopt a more aggressive downward trajectory. Fixed rates have… Continue reading Bank of Canada Implements 0.25% Rate Reduction: Further Cuts Anticipated Amidst Falling Fixed Rates
The July 2024 Toronto Market Report, based on statistics from the Toronto Regional Real Estate Board, indicates that the average days on the market for properties in Toronto is 37, reflecting a steady pace in property sales. The report highlights the average selling prices for various property types: Detached homes average $1,648,021, up by 0.5%… Continue reading News: July 2024 Market Report
