By: Stephanie Cluett-Eid from LighterSide

Tags: home seller,home buyer,condo seller,condo buyer,house buyer,house seller,real estate,spring market,prepare,prepare to sell,prepare to buy,credit check,clean,paint,declutter,tackle repairs,curb appeal,agent,realtor,right agent,right realtor,pre approval,pre approved,mortgage,approval,down payment

Regardless of whether your groundhog saw its shadow, spring may arrive early this year—at least when it comes to the housing market. What’s causing this already-busy buying season to kick off ahead of schedule? Low inventory and rising home prices are spurring house hunters to come out of hibernation months before they previously would have. With that in mind, whether you’re bu...Read More

By: Sean MacKay from Livabl_

Tags: toronto,home buyer,gta,gta real estate,toronto real estate,home buyer,qualifying rate,mortgage stress test,mortgage qualification,april 2020,april,liberal government,stress test

During last year’s federal election, the stricter mortgage rules introduced by the Trudeau government were a hot debate topic when it came to the issue of affordable housing. The Progressive Conservatives under Andrew Scheer made headlines for their proposed modifications to the Liberal policy that, in 2018, introduced mortgage stress testing for uninsured mortgages, which require a minimum...Read More

By: Sean MacKay from Livabl_

Tags: toronto homes,home prices,toronto home prices,RBC,toronto real estate,toronto prices,gta prices,gta real estate,2020,interest rates,canada,mortgage interest rate,rate cut,td bank,td,rbc,royal bank of canada,interest rate cut,rate cut,mortgage rate cut,mortgage rate

A consensus is emerging among economists tracking the trajectory of Canadian interest rates for 2020: rates are heading down in the first half of the year. TD is the latest bank to add its voice to the growing chorus of experts who believe the Bank of Canada will move its mortgage-market influencing overnight rate down by 25 points this spring. Previously, TD said it anticipated that the central...Read More

By: Stephanie Cluett-Eid

Tags: MARKET SNAPSHOT,REALTOR REPORT,FYI,January 2020,january 2019,REAL ESTATE,MARKET REPORT,MARKET COMPARISON,2019 VS 2020,YEAR OVER YEAR,GTA,TORONTO,DURHAM,EAST END,GREATER TORONTO AREA,TORONTO HOUSES,TORONTO CONDOS,DOWNTOWN CONDOS,DOWNTOWN TORONTO,BEACH,TORONTO BEACH,BEACHES,BEACHES TORONTO,SCARBOROUGH,DURHAM HOUSES,TORONTO EAST,DURHAM

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By: Stephanie Cluett-Eid

Tags: home sales,toronto,gta,greater toronto area,sales,house sales,new homes,housing supply action plan,22 year low,sales increase

Toronto region new home sales returned to the land of the living in 2019 after declining to a 22-year low only a year earlier. There were 36,471 new homes sold across the GTA in 2019, a 47 percent increase over 2018’s total, which was the region’s lowest result since 1996. The full-year sales figure, along with a wealth of other market data, was released today by the Building Industr...Read More

By: Sean MacKay from Livabl_

Tags: interest rates,mortgage rates,canada,interest drop,rate drop,april,rbc,real estate,mortgage

The Bank of Canada announced this week that it would leave its mortgage market-influencing key interest rate unchanged again. This development — or lack thereof — did not come as a surprise to economists who pay close attention to the central bank’s moves. It was, after all, the fifteenth straight month that the interest rate did not change. What did catch experts off-guard was ...Read More

By: Michelle McNally from Livabl_

Tags: 2020,spring market,canada,real estate,perfect storm

According to the Royal LePage House Price Survey released today, the aggregate price (based on a weighted model using median prices and includes all housing types) of a home in Canada increased 2.2 per cent year-over-year to $648,544 in the fourth quarter of 2019. Similar to the third quarter, potential buyers are continuing to come back to the real estate market. In the first half of 2019, b...Read More

By: Stephanie Cluett-Eid

Tags: spring sale,home prep,real estate,home,sell your home,preparation,declutter,tidy,organize,clean up

Are you a little restless when icy conditions keep you indoors? If you're thinking about selling your home, ready it for the spring market by completing these tasks now:   Declutter/tidy. Begin packing up tchotchke and personal items. Buyers want to see themselves in the space and imagine their belongings in the rooms. By streamlining the number of photos or artwork on walls, you'...Read More

By: Sean MacKay from Livabl_

Tags: toronto,seller market,seller,buyer

It was a busy December in housing markets across the country, suggesting that when compared to last year, not as many house hunters stayed home for the holidays. They bought them instead. While the nearly 23 percent increase in total Canadian home sales as reported by the Canadian Real Estate Association (CREA) for the month made for an attention-grabbing figure, it was Toronto’s tight hous...Read More

By: Stephanie Cluett-Eid

Tags: market snapshot,realtor report,fyi,december 2019,december 2018,real estate,market report,market comparison,2018 vs 2019,year over year,gta,toronto,durham,east end,greater toronto area,toronto houses,toronto condos,downtown condos,downtown toronto,beach,toronto beach,beaches,beaches toronto,scarborough,durham houses,toronto east,durham

If you have any questions about the above, please reach out to me by e-mail or give me a shout at 416-804-5258.    ...Read More