October 2024 Market Report – It’s About Time

It was a month of long-awaited good real estate news. Good news for buyers, good news for sellers, and good news for homeowners.  September started with a third consecutive interest rate cut, especially important for homeowners with variable-rate mortgages. An expected fourth straight cut is also projected for October 23rd. There is debate whether this […]

September 2024 Market Report – Fall (not falling) Expectations

This may sound familiar, but the average GTA home price fell again last month. That makes three straight months of decreases. As we approach fall, which is typically a strong season for sales, can we still anticipate growth and increases in sales and prices, given what has happened over the past quarter? I’ll get into […]

August 2024 Market Report – Summer Trends Remain True

For the second month in a row, the Average Sales price of GTA homes fell, and Total Sales also dropped. Is this normal?  Yes.  The standard for the GTA market in the summer is a slowdown that encompasses June, July, and August. Once the summer clears and the kids return to school, expect the market […]