Real Estate Market conditions as of Feb 2025

Tuesday Feb 11th, 2025

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Real Estate Market Feb 2025

As of February 2025, the Canadian real estate market exhibits a mix feeling of resilience and caution. The Bank of Canada's recent decision to lower its benchmark interest rate by a quarter percentage point to 3% is anticipated to stimulate the market, encouraging more home buyers and potentially leading to increased transactions and modest price rises throughout 2025, therefore at this point in time, if you are considering jumping into the real estate market, now is the right... [read more]

January 2022 housing Market charts - Lowest Listings in Decades

Monday Feb 7th, 2022

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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 holds interest rate for 6th consecutive time.

Wednesday Apr 10th, 2024

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According to the latest news from the bank of Canada, they will hold the interest rate at five percent for the 6th consecutive time, the central bank says that inflation is still high, but everything is driving to the right direction. While inflation index on January 2024 for Canada was around 3.1% and cooled off a bit for February 2024 to 2.8%, there is still a way to go. "The short answer is we are seeing what we need to see, but we need to see it for longer to be confident that... [read more]

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