2024 – a transitional year for the GTA housing market: TRREB The 2024 Greater Toronto Area housing market was marked by shifting dynamics that gave buyers more negotiating power, according to the latest market report from the Toronto Regional Real Estate Board (TRREB). Annual sales saw a modest increase compared to 2023, while new listings […]
Tag Archives: Realtor
Canadian property price appreciation set for a return to long-term norms in 2025 Royal LePage® predicts declining interest rates and new lending rules will bring buyers back to the market next year Highlights: TORONTO, December 5, 2024 – After several years of significant fluctuations, driven by pandemic-era disruptions, dramatic swings in interest rates over a short period […]
November Home Sales in Waterloo Region Up Over Last Year By WRARDecember 4, 2024Market Stats WATERLOO REGION, ON (December 4, 2024) —In November, a total of 539 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This represents a 21.1 per cent increase compared to […]
Home Sales in the Waterloo Region Increased in October By WRARNovember 4, 2024Market Stats WATERLOO REGION, ON (November 4, 2024) —In October, a total of 604 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This represents a 7.1 per cent increase compared to the […]
Waterloo Region Sees Decrease in Home Sales for September By WRAROctober 3, 2024Market Stats WATERLOO REGION, ON (October 3, 2024) —In September, a total of 521 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This represents a decrease of 2.1 per cent compared to […]
Overnight lending rate falls to 4.25% as Bank of Canada makes third consecutive cut September 4, 2024 Canada’s central bank has made a third cut to its overnight lending rate this year, lowering borrowing costs for existing and aspiring homebuyers yet again. In its scheduled September 2024 announcement, the Bank of Canada dropped the target […]
Waterloo Region Sees Strong Demand for Detached Homes Amid Cooler Residential Sales in August By WRARSeptember 5, 2024Market Stats WATERLOO REGION, ON (September 5, 2024) —In August, a total of 539 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This represents a decrease of […]
More than 4 out of 5 Canadians aged 18-38 believe that home ownership is a worthwhile investment Despite affordability challenges, majority of young Canadians see home ownership as a worthwhile investment Gen Z and young millennials are prioritizing saving, building good credit and reducing discretionary spending to achieve goal of home ownership Highlights: TORONTO, August […]
Bank of Canada makes second consecutive rate cut, lowers overnight lending rate to 4.50% For the second time in a row, Canada’s central bank has cut its overnight lending rate. In its pre-scheduled July 2024 announcement, the Bank of Canada dropped the target for the overnight lending rate by 25 basis points to 4.50%. While […]
Nationally, home prices increased 1.5% on a quarterly basis in Q2 despite activity slowdown in major markets The spring market that never was: Canadian real estate remains in prolonged catch-up period as buyers idle on the sidelines Further interest rate cuts required to increase purchasing power and improve consumer confidence Second-quarter highlights: TORONTO, July 11, […]
Alasdair Douglas 