The November 2024 market snapshot for the Greater Toronto Area (GTA) paints a picture of a market in transition. With interest rates starting to decline, the dynamics of buying, selling, and investing in real estate are shifting. Lower borrowing costs could breathe new life into a market that has already shown resilience. Here’s my take on what these trends mean for you. A Market Poised for Growth The GTA saw 21,818 active listings and 5,875 homes sold in November, with homes... [read more]

The latest real estate stats are in! Here’s a quick look at the GTA market in October: From the October 2024 Greater Toronto Area market snapshot, a few notable trends stand out: Overall Market Stability: The average home price across the GTA is at $1,135,215, indicating a balanced market with relatively stable prices. Homes are staying on the market for about 27 days, suggesting consistent buyer interest but no significant rush. Variation by Property... [read more]

Dreaming of a new family home in Ontario? Whether you’re looking to settle in Oakville, Mississauga, Burlington, Kitchener, or Waterloo, buying a home is a big step. It’s especially exciting for families with young children, as you’re searching for a place where memories are made. But making an offer can feel tricky. Let's break it down into five simple steps to help you make a confident offer on your dream family home.   1. Know What You Can... [read more]

If you’re exploring the possibility of buying a new home, you’ve likely come across the term “mortgage stress test.” But what exactly does it mean, and why is it important? Let’s break it down to understand its significance. What is a Mortgage Stress Test? A mortgage stress test is designed to gauge your ability to afford a mortgage if interest rates go up or your financial circumstances shift. While it might feel like an extra hurdle, understanding why... [read more]