By: Gordon Group

Sellers are coming back to Canada’s housing market. Will prices stabilize?

Tags: Canada Housing Market

An “influx” of sellers added new listings to Canada’s tight housing supply in May, but it might not yet be enough to balance a market full of buyers, according to Royal Bank of Canada (RBC). In a report released Tuesday, RBC assistant chief economist Robert Hogue analyzed early reports from local real estate boards reporting May figures, which he said “una...Read More

By: Gordon Group

Ready to Sign? Don’t Forget the Closing Costs

Tags: Closing Cost

We know the thought of buying your dream home is exciting, and you’ve probably spent a lot of time thinking about what you can afford. Before you get too far into the house hunting process, make sure you’ve factored closing costs into your budget. These are upfront transactional expenses you’ll need to pay to finalize the buying process, above ...Read More

By: Gordon Group

Should You Buy a House or a Condo? What to Consider

Tags: Buying a House, House or Condo

The question of whether to buy a condo or a house may be obvious to some, but for others, it’s not so simple. Each comes with its own pros and cons as far as convenience, amenities, resale value and space is concerned. It’s important to start by identifying your goals, lifestyle and budget. A REALTOR® can help you navigate the different options in your desired market, in...Read More

By: Gordon Group

Bank of Canada not seeing ‘alarm bells’ in housing market despite mortgage pain

Tags: Bank of Canada, Housing Market

The Bank of Canada is not yet concerned about the impact of rapidly rising mortgage rates on the overall health of the country’s housing market. That was the message from governor Tiff Macklem when he was asked after a speech to the Toronto Region Board of Trade on Thursday about how the central bank is thinking about the future of Canada’s housing market. Mackl...Read More

By: Gordon Group

Toronto residents want to see more housing built, even if it means fewer parking spots and detached homes: poll

Tags: Housing built, Homes in Toronto

Published Wednesday, May 10, 2023 3:45PM EDT Last Updated Wednesday, May 10, 2023 3:45PM EDT A new poll finds that most Toronto residents want more housing built, even if it requires some compromises. The poll, conducted by Liaison Strategies for the National Ethnic Press and Media Council of Canada, is the second part of a larger poll about the upcoming mayoral race. While the first part...Read More

By: Gordon Group

April's national home sales up 11.3% from March: CREA

Tags: Home Sales, CREA

The Canadian Press Published Monday, May 15, 2023 9:38AM EDT Last Updated Monday, May 15, 2023 9:38AM EDT The Canadian Real Estate Association says national home sales jumped by 11.3 per cent between March and April as the real estate market picked up again. The association says seasonally-adjusted sales for the month totalled 38,164 compared with 34,277 in March. The actual number of homes ...Read More

By: Gordon Group

Toronto condo prices will increase this year, new report suggests

Tags: Condo in Toronto, Condo Prices

A new report from the Toronto Regional Real Estate Board (TRREB) suggests that condo prices could be set for a rebound later in 2023, despite a double digit decline over the last year. The report, distributed on Thursday, says condo apartment selling prices were 11.4 per cent lower in the first quarter of 2023 than in the same period in 2022. Sales, meanwhile, were down 42.9 per cent over the ...Read More

By: Gordon Group

Looking at the Inflation Rate and What It Means for Homeowners

Tags: Inflation

We’ve seen the terms “inflation” and “inflation rate” splashed across the news and all over social media, but there’s a big difference between knowing of these terms and truly understanding what they are, the role interest rates play, and what it all means for you. What exactly is inflation—and who controls it? The Bank of Canada  defines ...Read More

By: Gordon Group

Tax Credits and Deductions Available for Canadian Homeowners

Tags: Tax Credits, Deductions

Did you know the provincial and federal governments offer a number of credits and deductions geared at supporting Canadian homeowners in their real estate journeys? From credits to help with real estate financing to rebates geared at home repairs and renovations, here are five tax incentives Canadian homeowners have at their disposal, as well as information on provincial tax credits available...Read More

By: Gordon Group

Province Introduces New Housing Bill Helping Tenants, Landlords, Homebuyers, and Streamlining Land-Use Planning Policy

Tags: New Housing Bill

Province Introduces New Housing Bill Helping Tenants, Landlords, Homebuyers, and Streamlining Land-Use Planning Policy Gov. Rel. News 06 April 2023 The Government of Ontario introduced new housing legislation – Bill 97, Helping Homebuyers, Protecting Tenants Act (“HHPA”), 2022.   The HHPA is the latest in a series of steps the Province is taking to increase housing supply ...Read More

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