How Much Will You Save on Your Mortgage with the New Interest Rate Cut?
Posted on Jul 25, 2024
The recent Bank of Canada interest rate drop offers opportunities and things to think about if you are a first-time home buyer in Toronto. It is essential to comprehend the effects of these changes on your mortgage, house prices, and overall affordability. What you should know is as follows:
The Rate Reduction and Its Consequences
The main interest r...Will The New Rate Cut by the Bank of Canada Increase Home Sales?
Posted on Jul 24, 2024
For the second time this year, the Bank of Canada cut its overnight lending rate today, this time by 0.25% to 4.5%. Since Canada's inflation rate dropped to 2.7% in June and is predicted to continue declining, many experts predicted this.
The overnight rate has dropped by a total of 0.5% in the last two months. However, the June rate drop did not re...
In 2024, What Will Scare Homebuyers The Most? It Isn't What You Believe
Posted on Jul 22, 2024
We know that many of you have questions and worries regarding the current property market since we are a local realtor in the Greater Toronto Area. Homebuyers continue to face substantial obstacles, particularly in light of rising home prices, even with the Bank of Canada's recent decision to lower the overnight lending rate to 4.75%—the first decr...
Which Canadian cities experienced the highest increases in home prices in 2024?
Posted on Jul 19, 2024
The Greater Toronto Area (GTA) real estate market saw some intriguing shifts in the first half of 2024. More houses have hit the market this year, and regional pricing fluctuations have been observed. Here's an overview of recent events and what they signify for you as a buyer or seller in the Greater Toronto Area.
GTA Market Overview
The GTA had a h...Toronto Condo Listings Reach All-Time High: Why Are Families Still Looking?
Posted on Jul 12, 2024
Even if there are an unprecedented amount of condominiums available in the city, it can still be difficult to locate the ideal house for your family. A 28% decrease in condo sales in June of this year over last was just announced by the Toronto Regional Real Estate Board (TRREB). At the same time, active condo listings have surged by 70% to an all...
Rent vs. Buy in the GTA: Which Option Saves You More in 2024?
Posted on Jul 11, 2024
Curious about whether to rent or buy in the GTA this year? With Toronto’s diverse neighborhoods, understanding the cost difference between renting and owning is crucial. In some areas, mortgage payments can be up to 170% higher than rent. Zoocasa’s latest research breaks down the numbers across 35 neighborhoods, revealing where you might save or sp...