Home sales in the Greater Toronto Area (GTA) set a new record for April and amounted to more than quadruple that from April 2020 – the first full month of the pandemic. Bucking the regular seasonal trend, April 2021 sales actually declined month-over-month. A similar trend was noted for the number of new listings reported. GTA REALTORS® reported 13,663 sales through TRREB’s MLS® System in April 2021 – a 12.7 percent decrease compared to March 2021, but more than... [read more]

Year-over-year growth in the first quarter of 2021 condominium apartment sales well outstripped growth in listings over the same period in the Greater Toronto Area (GTA). With market conditions tightening, average condo prices for Q1 2021 were above the averages for Q1 2020 for the regions surrounding the City of Toronto. The average condo selling price in Toronto remained below last year’s level. First-quarter 2021 condominium apartment sales reported by GTA REALTORS® totalled... [read more]

In the first quarter of 2021, average condominium apartment rents were down on a year-over-year basis, continuing to reflect a supply imbalance in favour of renters. However, year-over-year growth in rental transactions outstripped growth in the number of units listed over the same period, suggesting that rental market conditions are starting to tighten in the Greater Toronto Area (GTA) once again. GTA REALTORS® reported 13,168 condominium apartment rentals through TRREB’s MLS®... [read more]

The fall is the perfect time for a credit clean-up so that you are ready for the holiday spending season – and anything else the year can throw at you!   When it comes to cleaning up credit, there is no better time than now to recognize the importance of your credit score and check if you are on track with your habits. To get started with your credit clean-up, there are a few things you can do:   Pull Your Credit Report: For most of us, our credit score is... [read more]

Make this year the year of finance by improving your financial direction from the start! Even if you are living paycheck-to-paycheck, a few changes to how you spend and look at money can make all the difference.   It’s never too late to start again and reverse course! Here are a few simple ideas to get you started:   Create a Budget: In order to stop living paycheck-to-paycheck, you need to know where that paycheck is going. Creating a budget is simple with... [read more]