The market outlook for 2022 is out now and is calling for strong home sales in the Greater Toronto Area (GTA) with the average selling price expected to hit a new record. All this due to the conditions on the market of low listing posted and high demand. As a consequence this is calling for a seller's market,  so if you are considering selling your property, now is the right time, grab your phone or computer and contact the realtor of your preference. This trend will continue unless... [read more]

Bank of Canada prime rate increases by 1%   On this past July 13th, the bank of Canada announced an increase of the prime rate to a full 1%, which means that the new target is 4.7%. Now the question is, how does this translate to the average consumer and especially to the Real Estate Market?. Let's compare how much would you be monthly paying for a hypothetical amount of  $100,000 mortgage, amortized for a 25-year, not compounded . Borrowing... [read more]