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Demand for Home Ownership Rising: Market Trends to Watch in 2023
An uncertain economic outlook, high inflation, and rising interest rates challenged home buyers, sellers, and owners in 2022. How did this past year impact the real estate market? And how is it shaping market trends for 2023? Sean Simpson, Senior Vice President at Ipsos Public Affairs, joins Ready to Real Estate host and TRREB Chief…
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Join Industry Leaders and Inspiring Speakers at TRREB REALTOR® QUEST 2023
Canada’s largest real estate conference and trade show is right around the corner. The highly anticipated TRREB REALTOR® QUEST 2023 is taking place on May 17–18 at the Toronto Congress Centre. This event brings together industry leaders, experts and speakers to share their knowledge and insights. This year’s conference has an impressive lineup of keynote speakers, including Dr. Bernice…
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Lights, Camera, Action: YouTube for REALTORS®
Potential homebuyers often turn to social media and YouTube to do research, where they can find a wealth of helpful content from REALTORS®. If you’re thinking about developing or improving your marketing strategy and online presence, this episode is a must-listen. REALTOR® and YouTube expert Karin Carr joins host and TRREB Chief Market Analyst Jason…
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Expanding Housing Options for Residents New and Old
After a brief downturn due to COVID-19, immigration is back to normal in the Greater Toronto Area (GTA), with the City of Toronto anticipating an additional one million residents over the next 30 years. Immigration is a cornerstone of economic growth and key to the diversity that makes regions, such as the GTA great. Studies,…
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MLS® Home Price Index
In line with best statistical practices, the MLS® HPI is reviewed annually. Coverage may be revised when results from the Annual Review are implemented each June. For example, HPI coverage may now extend to areas within markets where sales volumes were previously too low but have picked up enough to support Benchmark price tracking. On…
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Ontario Election: Housing Platforms Explained by Liberal Lisa Patel and Green Abhijeet Manay
The province’s June 2 election day is just around the corner, and with housing being top of mind for many Ontarians, TRREB hosted a debate on the Ready to Real Estate Podcast between provincial candidates in GTA ridings.* Abhijeet Manay, the Green Party deputy leader and candidate for the riding of Beaches–East York, and Lisa Patel, TRREB…
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Mortgage Rates: Present and Future
In an attempt to curb rising inflation, the Bank of Canada has been hiking its policy interest rate – with the most recent increase being 50 basis points to 1 per cent. The Bank’s target for the Overnight Lending Rate directly impacts the cost of borrowing for variable rate mortgages and lines of credit and indirectly…
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Four Things You May Not Know About Home Renos in 2022
Before the COVID-19 pandemic lockdowns struck in March 2020, spending on home renovations in Ontario was already outpacing the rest of the economy, with more than $80 billion spent on improvements in 2019 according to Altus Group research. Since the pandemic hit, renovation permit applications are up a further 18 per cent across the province.…
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Climate Change Means Changes in Real Estate
The impacts of climate change are undeniable, and growing year after year. Since the 1950s, disaster loss insurance claims have doubled every five to 10 years, and in 2005, they approached $100 billion. As the majority of many Canadians’ equity is within the home they own, it’s imperative to protect that investment from extreme weather…
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Law, Order, and Real Estate
REALTORS® have an obligation to act in their clients’ best interests, whether they’re buying their first or dream home, or looking to be a tenant or landlord renting out an investment property. They have to act within the confines of the law, and that is where real estate lawyers can help. On a recent episode…