Todor Todorov's blog
According to the Toronto Regional Real Estate Board, 2023 was the worst year for home sales in the Greater Toronto Area since 2000.
Just under 66,000 homes were reported sold last year in the GTA, compared to previous years which saw a higher number of sales. In comparison, annual home sales in 2021 were almost 121,712, a record number according to the TRREB. Last year, numbers are showing similarities to home sales back in 2000, as just over 58,000 homes were sold.
Notably, real estate agent Kushwant Singh says, “the Bank of Canada has increased interest rates three times in the...
If you bought a home during the pandemic, you weren’t alone; 1.4 million Canadians did the same. With mortgage rates at record lows, you may feel pretty lucky to be watching all of the increasing housing drama from the comfort of your already-moved-into living room. But before you drizzle any more butter on your popcorn, remember there could be some drama in store for you, too — just as soon as it’s time to refinance.
29 Apr 2022