The Toronto Regional Real Estate Board released the market stats for the month of September 2024. Here are the main highlights:

1. Sales and Listings Growth:
   - Year-over-Year Sales: GTA home sales increased by 8.5% from September 2023 to September 2024, with 4,996 homes sold.
   - New Listings: New listings grew by 10.5% compared to the same period last year, reaching 18,089.

The average pricing by municipalities in Peel Region for September 2024 is as follows:

• Brampton: $1,035,715
• Caledon: $1,508,773
• Mississauga: $1,007,596​

2. Pricing Trends:
   - Average Price: The average...

**Report on Changes to the Mortgage Stress Test for Uninsured Borrowers**

**Overview of the Change**
Superintendent Peter Routledge confirmed that the Office of the Superintendent of Financial Institutions (OSFI) will announce a change on November 21, 2024, during their quarterly release. The new policy will be effective immediately, allowing borrowers to switch lenders at the time of mortgage renewal without the need to qualify under the stress test. This change pertains specifically to uninsured mortgages—those with down payments of 20% or more—and simplifies the process for borrowers to...

The thriving metropolis of the Greater Toronto Area (GTA) has been experiencing an extraordinary transformation in its housing market. The upward surge in housing demand, juxtaposed with a dwindling supply, is pushing the market into uncharted territory.

Welcome to Malton, an inviting neighbourhood located in the heart of Mississauga, Ontario. Offering a delightful blend of suburban charm and urban amenities, Malton has become a sought-after destination for families, professionals, and first-time homebuyers. With its affordable housing options and excellent connectivity, this community has something for everyone.

Introduction
In the ever-evolving world of interior decor, trends may come and go, but certain design choices stand the test of time. Homeowners increasingly gravitate towards creating spaces that exude timeless elegance, focusing on elements that bring a sense of sophistication, serenity, and authenticity. By incorporating neutral colour palettes, luxurious textures, clean lines, and natural materials, homeowners create havens of beauty and comfort that transcend fads and genuinely reflect their styles.

Yes, that's true! You Could Win a $1,500 Saatchi Art Gift Card. RE/MAX is hosting the No Naked Walls contest from April 17 to May 3rd, 2023. The winner will get up to a $1,500 gift card. The entry is completely free and non-obligatory.

To enter the draw click the image below or the button below the image.

The Bank of Canada today held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening.

Inflation in many countries is easing in the face of lower energy prices, normalizing global supply chains, and tighter monetary policy. At the same time, labour markets remain tight and measures of core inflation in many advanced economies suggest persistent price pressures, especially for services.

With markets pricing in rate cuts by the end of the year, the Bank of Canada today made clear that it doesn’t share the same outlook.

Bank of Canada Governor Tiff Macklem addressed the rate-cut forecasts in a press conference following the Bank’s rate announcement, in which it left the benchmark rate unchanged at 4.50%.

This question is on the top of mind of each and every individual who is thinking about buying and selling. The lack of confidence has taken our best judging abilities out, and left us at the mercy of uncertainty. I may be able to clear up the fog from your thought process.

Contrary to the anticipated drop in values of houses up to 40% from the peak prices we are at 19% down. This is as per data from the Canadian Real Estate Association (CREA). There are negligible power of sales at the moment. The mortgage delinquency rate is still lowest at 0.15% as of 2022 year end.

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