In its 2024 Top-Tier End-of-Year Real Estate Report, Sotheby's International Realty Canada describes this past year as having been a "tumultuous landscape" for luxury real estate. In closing out the quarter-century, Sotheby's highlights political and economic uncertainty, housing taxes, sweeping reg...| STOREYS
At a press conference on July 22, Ontario Premier Doug Ford stood before a room full of reporters and told them, to scattered applause, that new homes would “pop up like mushrooms everywhere” if the Bank of Canada lowered interest rates. And he was fairly specific about it, saying that this supposed...| Storeys
Explore how mortgages work in Canadian real estate, what terms they include, and how buyers qualify, repay, and manage home loans.| Storeys
Understand housing affordability in Canadian real estate — how it's measured, why it matters, and what impacts access to affordable housing.| Storeys
In a report released Thursday, Royal LePage lays out its home price forecast for the coming year, backdropped by declining interest rates and new lending rules that make homeownership easier and more attainable for a growing number of Canadians.Their projection? Prices are on the rise, but not in th...| STOREYS
New sales data shows Toronto's housing market is finally starting to wake up just in time for winter.According to the Toronto Regional Real Estate Board (TRREB), October homes sales in the GTA increased on both a monthly and yearly basis, while new listings ticked up at a lower rate than last year.“...| STOREYS
This morning, Minister of Finance Chrystia Freeland announced two new reforms intended to make homeownership more attainable and affordable for Canadians: raising the price cap for insured mortgages by $500,000 and greatly expanding eligibility for 30-year mortgage amortizations.The reforms build up...| STOREYS
After a 44% year-over-year jump in Toronto and GTA home sales in October, the Toronto Regional Real Estate Board's (TRREB) Market Watch for November revealed another month of encouraging activity with a 40.1% annual increase in sales.Over the month of November, TRREB recorded 5,875 home sales, down ...| STOREYS
It took a minute, but it seems that interest rate cuts are beginning to show up in Toronto’s housing market. The latest figures from the Toronto Regional Real Estate Board (TRREB), released Tuesday morning, show that there were 5,391 home sales recorded over the course of July, marking a 3.3% increa...| STOREYS