The November Housing Market numbers are in and as the Greater Toronto Area settled into the chill of the winter, the housing market mirrored the season’s quietude. Home sales, new listings, and average selling prices all cooled compared to the same time last year, reflecting a market still blanketed by economic uncertainty. Like footprints paused in fresh snow, many would-be buyers remained on the sidelines, waiting for signs of a spring-like thaw in financial conditions. “There... [read more]

The Bank of Canada’s decision to lower its benchmark rate to 2.25% has sparked renewed optimism nationwide—particularly among homebuyers and property investors in the Greater Toronto Area (GTA). With borrowing costs now more manageable, this shift could open doors for those looking to enter or re-enter the housing market. Following months of economic uncertainty driven by U.S. trade developments, the rate cut offers a welcome dose of stability. It signals Canada’s commitment... [read more]

The Bank of Canada has opted to keep its key interest rate at 2.75%, maintaining a cautious approach to the country’s economic recovery. After seven consecutive rate cuts, many anticipated another reduction, but stronger-than-expected GDP growth shifted the outlook. So, what does this mean for the real estate market in the Greater Toronto Area (GTA)? Let’s break it down. A Steady Rate Amid Economic Resilience Canada’s first-quarter 2025 GDP report exceeded... [read more]