Real Estate News

Despite Home Price Declines, Improvement In Affordability Isn’t “Imminent”

Sentiments have soured significantly across Canada’s housing markets, with sales and prices edging lower as high interest rates keep buyers on the sidelines. But despite the slowdown, economists warn an improvement in affordability is not on the horizon. Home sales have been on the decline since the Bank of Canada
Royal York Property Management - Nathan Levinson Toronto - Ontario - Toronto housing market cools in August amid rising borrowing costs TRREB
Real Estate News

Toronto housing market cools in August amid rising borrowing costs: TRREB

Home sales decline, average selling price remains flat Home sales in the Toronto area declined on a year-over-year basis in August while the average selling price remained flat, as rising borrowing costs continued to weigh on the region’s real estate market. Though the MLS Home Price Index and average prices inched up 2.5 per
Real Estate News

Average Toronto Rent Now $525 More Expensive Than it Was a Year Ago

Toronto rent prices continued their months-long climb in July, now sitting $525 above where they were at the same time last year. A new report from and Bullpen Research & Consulting found that Toronto’s average rent price jumped a whopping 6.2% from June to July, to its new average of $2,667