Ontario home sales are projected to rise by nearly 10% in 2025, driven by pent-up demand from buyers awaiting further interest rate cuts. This could lead to significant momentum starting in the spring or summer of next year.

The Canadian Real Estate Association (CREA) forecasts a more stable real estate market in 2025 following…

A surge in demand for homes is anticipated as many potential buyers wait for mortgage rates to drop further, according to a recent TD Economics report.

The forecast suggests that despite some reductions in mortgage rates recently, a significant number of buyers remain on the sidelines, hoping for deeper cuts from the Bank of Canada, which would lead to even lower mortgage costs.

The Buyers Are Back: Toronto Home Sales Jump In September

A true market rebound is likely still a ways off, but signs of life were detected in the GTA housing market this September, according to the Toronto Regional Real Estate Board’s (TRREB’s) latest Market Watch report.

As you may have already heard through the media, the Government just announced a major change in mortgage rules, which is great news for homebuyers.  What is the Government changing?

Toronto area new home sales continue to drop and hit an all-time low in July.

Sales of newly built homes continue to decline, with July hitting an unprecedented low for the month. The number of new project releases has been minimal, and months of inventory continue to rise.

The real estate market can be unpredictable, but there are definitely moments when conditions align favorably for buyers, and this could be a good opportunity to buy a first home. As weak as housing affordability is right now, aspiring young buyers may never see a better time to buy.