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 high mortgage rates. “High borrowing costs coupled with unrealistic federal mortgage qualification standards resulted in an unaffordable home ownership market for many households in 2023. With that said, relief seems to... [read more]

For many buyers and sellers in the Canadian housing market trade-offs have been incorporated into the homebuying strategy. Working with their real estate agents, families are balancing must-haves with nice-to-haves, meaning that they are prioritizing what needs to be included – internally and externally – in the home. Since this is the most significant purchasing decision they will make in their lifetimes, Canadians are engaged in a balancing act and trying to buy a residential... [read more]

There’s no doubt it’s difficult to predict the future. After all, no one beyond a few data scientists in a backroom at Google predicted that AI would become so prevalent so quickly. But, as difficult as it is to see what’s coming next, it’s not entirely impossible.  In the real estate world, for example, it’s not easy to anticipate the ups and downs of the market. However, someone who studies the market data and has the requisite real estate savvy, can... [read more]