As the Canadian economy continues to recover from the effects of the COVID-19 pandemic, many homeowners and prospective buyers are wondering what the future holds for home interest rates in Canada in 2023. While it is impossible to predict with certainty what will happen to interest rates in the coming years, there are several factors that are likely to influence their trajectory. The Bank of Canada has indicated that it plans to keep its key interest rate at its current record low of... [read more]

  I hope you are keeping well and getting ready for the holiday season.  As we near the holiday's and the end of 2022 I wanted to share a brief update on the Residential Real Estate Market. As interest rates increase and the cost of borrowing rises along, the volume of transactions has begun to decline at a faster pace, down 50% across the GTA compared to November of last year.  In turn, inventory of available homes has begun to increase, this increase,... [read more]

Fall has officially begun, I can't believe the leaves on the trees are already changing.  With the change in season, there have been some changes to the Greater Toronto Area's residential real estate market.  The most dramatic changes have occurred to the volume of sales, there have been 44% fewer trades this September compared to last September.  However, the average price of all home types is only down 4% compared to the same time period.  Prices have begun to... [read more]