by The Baldwin England Team | Jan 27, 2023 | Market Updates
Market Update for Jan 27th The Bank of Canada raised its benchmark interest rate this week by 25 basis points to 4.5 per cent, the highest it’s been since 2007. The move was widely expected by economists as the bank tries to wrestle with record-high inflation....
by The Baldwin England Team | Jan 20, 2023 | Infographics, Market Updates
Market Update for Jan 20th The Canadian rental market showed little signs of cooling down as 2022 came to a close. Average national rent remained above the $2,000 mark in December, for the second straight month, and the story was similar in the majority of local...
by The Baldwin England Team | Jan 13, 2023 | Market Updates, Tips & Advice
Market Update for January 13 All Toronto residential property owners must submit a declaration of their property’s 2022 occupancy status by February 2, 2023. A property is considered vacant if it was not used as the principal residence by the owner(s) or any...
by The Baldwin England Team | Jan 9, 2023 | Infographics, Market Updates
Market Update for January 6th Even fast-rising mortgage rates couldn’t stop the rise of Toronto real estate prices in 2022.The average selling price of all GTA homes was up 8.6% or $1,189,850 in 2022, up from $1,095,333 in 2021, the Toronto Regional Real Estate Board...
by The Baldwin England Team | Dec 16, 2022 | Infographics, Market Updates
Market Update for Dec 16th Developers are hitting the brakes. Pandemic buyers are panicked as appraisals come up short. Is this the end of Toronto’s condo mania? A pre-construction condo in the GTA was a safe way to invest and gain equity. Indeed, for a decade this...
by The Baldwin England Team | Dec 9, 2022 | Market Updates
Market Update for Dec 9th Rising rates hits hardest at detached and semi-detached house prices. Less expensive condos and townhomes held their value better in November than costlier detached and semidetached houses in the Toronto region, as home sales declined across...
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