by Daniel Foch | Dec 18, 2023 | Boards & Associations, Columnists
The Canadian real estate market is in a recession — a place it’s been for well over a year now. This means that the amount of earnings available within the industry has been in contraction, regardless of what’s happening elsewhere in the economy. As acknowledged by...
by Daniel Foch | Dec 6, 2023 | Boards & Associations, Columnists
The Great Toronto Area (GTA) real estate market remained in a slump in November. Monthly sales reached numbers not seen since 2008, a year in which just 3,640 properties sold in November on the Toronto real estate board. This year, the market saw 4,236 homes sell in...
by Daniel Foch | Nov 18, 2023 | Boards & Associations, Columnists
It seems that the interest rate reality is finally catching up to the Canadian housing market, with very few positive data points to report when it comes to home sales in October 2023, as the Canadian Real Estate Association reports. Sales up from 2022, down...
by Daniel Foch | Nov 9, 2023 | Boards & Associations, Columnists
For the first time in decades, Toronto real estate is in a buyer’s market. October marks another month of bad records for Toronto real estate. With sales down 5.8 per cent since the same month last year, the region has posted one of the lowest numbers of October home...
by Daniel Foch | Oct 14, 2023 | Boards & Associations, Columnists
House prices have eased as the national home sales declined by 1.9 per cent between August 2023 and September 2023, according to data from the Canadian Real Estate Association. This is now the third month of decrease, and a very atypical and alarming scenario given...
