by Jeff Belisowski | Jan 12, 2024 | Uncategorized
While the overall demand for housing remained buoyed by record immigration in 2023, more of this demand was pointed at the rental market. The number of Greater Toronto Area (GTA) home sales in 2023 came in at less than 70,000 due to affordability issues brought about...
by Jeff Belisowski | Oct 13, 2023 | Uncategorized
The impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions and slower economic growth continued to weigh on Greater Toronto Area (GTA) home sales in September. However, despite the market being better-supplied with...
by Jeff Belisowski | Oct 13, 2023 | Uncategorized
I don’t know whether or not you’re a movie fan. But, even if you’re not, you’ve probably heard of the actor Kevin Bacon. He’s been in many films. In fact, the popular expression, “Six degrees of Kevin Bacon”, refers to the idea that just about every actor on the...
by Jeff Belisowski | Sep 23, 2023 | Uncategorized
Higher borrowing costs, continued uncertainty about the economy and Bank of Canada decision making, and the constrained supply of listings resulted in fewer home sales in August 2023 compared to August 2022. The average selling price remained virtually unchanged over...
by Jeff Belisowski | Dec 14, 2022 | Market Statistics, Uncategorized
Homeownership market activity in November continued to be influenced by the impact of higher borrowing costs on affordability. Sales were down markedly compared to the same period last year, following the trend that unfolded since the commencement of interest rate...
by Jeff Belisowski | Nov 5, 2022 | Monthly Real Estate Newsletter, Uncategorized
The ancient Greek philosopher, Heraclitus, said, “Change is the only constant in life.” Well, that’s certainly true. Things change. Often! Kids get older. People take on new hobbies. Careers evolve. As a result, a house that was perfect when the owners originally...
