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]

Are you looking to purchase a new house or apartment? Although this is an exciting idea, packing everything up and moving can be a daunting task. This article will provide three trips to eliminate old and unnecessary items, which will make the process of moving into a new home simpler.   Sort Everything That You Don't Need   Firstly, sort every item you own. Usually, families tend to sort out the essential items in each room and separate them from everything else.... [read more]

Buying a home is a huge milestone in one's life. It is a decision you make by considering your circumstance based on where you are financially and emotionally. However, with what is happening in the rental market, now is an excellent time to buy.   So, What's going on in the rental market? The cost of rentals has grown at its fastest pace ever in the last three decades. The national median monthly rental price is now over $2,000 for the first time ever. The monthly rent... [read more]

In Canada, various programs are available for first-time homebuyers, with the aim to help make buying your first home easier.  RRSP Home Buyers’ Plan If you haven’t purchased a home within the last four years (or lived in a spouse’s home in the same timeframe), you may qualify for the RRSP Home Buyers’ Plan. With this plan, you may borrow up to $35,000 tax-free from your RRSP to fund your down payment. Just keep in mind that the money must be in your RRSP... [read more]