Sales down 41% year-over-year. Average price up 5% YEAR-OVER-YEAR. Volume of listings is up. Homes are selling, just not with the same kind of frenzy as before. Rate hikes have buyers backing off. Rental market: rents are up, competition is fierce…

Sales down 41% year-over-year. Average price up 5% YEAR-OVER-YEAR. Volume of listings is up. Homes are selling, just not with the same kind of frenzy as before. Rate hikes have buyers backing off. Rental market: rents are up, competition is fierce…

Thanks to multiple rate increases (with yet another bump on the books June 1), the market has been taking a noticeable hit. GTA sales went down 9% from April to May, and year-over-year, they’ve seen a dramatic drop of almost 40%. The average selling price for a home last month was 10% lower than the 2022 peak, sitting at $1,212,806 – over $120K less than at the height of the market in February.

Most buyers understand that when you buy a new Toronto condo either pre-construction, during the course of construction or on assignment, there will be a period of time when the building first opens, prior to the building being registered and owners taking title, where they will be required to assume their unit by paying what’s commonly known as “phantom rent” to the builder.

Setting the list price for your home involves evaluating various market conditions and financial factors. During this phase of the home selling process, your REALTOR® will help you set your list price.

A real estate agent can help you understand everything you need to know about the home selling process. Not all real estate licensees are the same; only those who are members of the NATIONAL ASSOCIATION OF REALTORS® (NAR) are properly called REALTORS®.

Suppose you bought a house and later discovered, to your dismay, that the stucco exterior concealed a nasty case of dry rot. Or suppose that when you fired up the furnace in the winter, you discovered a cracked heat exchanger leaking gas into your home. The best way to avoid unpleasant surprises like these is to arrange for a home inspection before you buy.

A written proposal is the foundation of a real estate transaction. Oral promises are not legally enforceable when it comes to the sale of real estate. Therefore, you need to enter into a written contract, which starts with your written proposal.

If you approach the home buying process intelligently and with confidence, you are much more likely to buy a house you'll be proud to call home. Approaching the task of buying a home can be overwhelming; there's so much to consider: How much house can I afford? How can I find the best loan? Where will I come up with a down payment, and how much will I need?

Not all real estate licensees are the same; only those who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. They proudly display the REALTOR " ®" trademark on their business cards and other marketing and sales literature.

Narrow your home search by identifying neighborhoods that are right for you. This helps keep your search focused and efficient. Your local REALTOR® can offer neighborhood information to guide you in your search. When evaluating a neighborhood you should investigate local conditions. Depending on your own particular needs and tastes, some factors may be more important considerations than others.