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Inventory Climbs as Bank of Canada Cuts Key Interest Rate for First Time in Four Years

Inventory Climbs as Bank of Canada Cuts Key Interest Rate for First Time in Four Years


The Bank of Canada’s much anticipated reduction of its key interest rate began today with a rate decrease of 25 basis points, bringing the new rate down to 4.75%. While a minor change, it signals a shift from the Bank of Canada, kicking off an easing cycle that will deliver lower interest rates now that inflation is under control.


In the GTA, May home sales remained slower than average, however in the wake of an interest rate decrease, an increase in sales activity is on the horizon for the second half...

Exploring Islington City Centre West: A Vibrant Toronto Neighbourhood

Exploring Islington City Centre West: A Vibrant Toronto Neighbourhood

Nestled in the western part of Toronto, Islington City Centre West is a neighbourhood that perfectly blends urban living with suburban charm. Whether you’re a resident or a visitor, this area offers a plethora of activities, dining options, and scenic spots to explore. Let’s dive into what makes Islington City Centre West a unique and vibrant part of Toronto.

The Historical Charm of Islington Village

Begin your journey in the heart of Islington Village, known for its historic charm and artistic flair. The village, part...

Summer Home Essentials: Top Tips to Get Your Home Ready for the Season

 

Summer Home Essentials: Top Tips to Get Your Home Ready for the Season

Getting your home ready for summer involves a mix of maintenance tasks, upgrades, and preparations to make sure your living space is comfortable, efficient, and ready for the warm weather and any outdoor activities. Here are some summer-ready tips for homeowners:

1. Air Conditioning and Ventilation

To ensure your home stays cool and comfortable during the summer, start by scheduling a professional service for your air conditioning system to ensure it operates efficiently, and remember to clean or replace filters...

Spring Sees More Listings, Stable Prices in the GTA

Spring Sees More Listings, Stable Prices in the GTA

22,600+ Toronto Summer Stock Photos, Pictures & Royalty-Free ...

In April, the GTA witnessed an increase in new listings, seeing 18,088 properties available for sale. Notably, this is the highest April inventory in the city since 2018. More properties for sale is welcome news for buyers who have been grappling with inventory scarcity in the preceding years.


More listings resulted in an 8% increase in sales last month compared to March. This represents the highest level of sales activity we have seen this year, and the highest number of sales since June of 2023. Against this backdrop, the average...

Markland Wood: Toronto's Quintessential Neighborhood Retreat

Markland Wood: Toronto's Quintessential Neighborhood Retreat

Markland Wood, situated in the heart of Toronto, stands as a quintessential example of what makes the city's neighborhoods so cherished. Its allure lies in a blend of lush greenery, a strong sense of community, and an array of amenities that cater to residents' diverse needs. Join us as we delve into the essence of Markland Wood, uncovering the treasures that make it a coveted haven within the bustling metropolis.

Exploring Nature's Haven

Markland Wood's landscape is adorned with picturesque parks and winding trails, offering...

Summer Ready: Outdoor Preparations for a Vibrant Garden and Relaxing Patio

Summer Ready: Outdoor Preparations for a Vibrant Garden and Relaxing Patio

Get your outdoor spaces ready for summer with our guide to preparing a lush garden and inviting patio. Learn how to inspect and clean your outdoor furniture, check your irrigation system for leaks, and prepare your garden for planting. Transform your outdoor oasis into a vibrant retreat for relaxation and enjoyment all summer long.

1. Clean and Prepare Outdoor Furniture 

A caucasian guy in gray sweatpants and a t-shirt washes plastic dark green sun loungers A white guy in gray sweatpants and a T-shirt washes plastic dark green sun loungers under a Karcher faucet in the backyard of his house, close-up side view. The concept of washing sun loungers, house cleaning services. cleaning outdoor furniture stock pictures, royalty-free photos & images

To get your outdoor furniture ready for summer, give it a good scrub with mild detergent and water, paying attention to any grime buildup. Repair...

March Momentum: GTA Real Estate Market Ends Q1 with Continued Price Growth and Increased Buyer Activity

March Momentum: GTA Real Estate Market Ends Q1 with Continued Price Growth and Increased Buyer Activity

In March, the Greater Toronto Area saw notable increases in sale prices, inventory levels, and buyer activity. The average home in the GTA now commands a price of $1,121,615, reflecting a 1.17% uptick compared to the same period last year. Active listings increased by 23% year-over-year, with 12,459 properties available for sale. Last month, sellers saw GTA properties fetching an average of 102% of the asking price. Buyer activity, while not as strong as last March, increased over...

5 Ways to Enhance Curb Appeal This Spring

5 Ways to Enhance Curb Appeal This Spring

As the days grow longer and the weather warms up, spring presents the perfect opportunity to revitalize your home's exterior and boost its curb appeal. Whether you're preparing to sell your house or simply want to enhance its overall appearance, here are five ways to make a lasting impression this spring:

1. Freshen Up Your Landscaping


Spring is the ideal time to spruce up your landscaping and breathe new life into your outdoor space. Start by trimming overgrown bushes and trees, pulling weeds, and mowing the lawn to create a tidy and...

Exploring the Charms of The Kingsway Neighborhood in Toronto

Exploring the Charms of The Kingsway Neighborhood in Toronto

Nestled in the west end of Toronto, The Kingsway stands as a beacon of elegant living and timeless charm. With its tree-lined streets, upscale boutiques, and picturesque homes, this neighborhood effortlessly blends urban convenience with suburban tranquility. Join us on a journey to discover the allure of The Kingsway.

A Neighborhood Steeped in History


 

The Kingsway boasts a rich history that dates back to the early 20th century when it was developed as an exclusive suburb for Toronto’s affluent residents. Its name pays homage...

Royal LePage Foresees Revival in Recreational Real Estate Market

Royal LePage Foresees Revival in Recreational Real Estate Market

Royal LePage ® predicts that the median price of a single-family home in Canada's recreational areas will rise by 5.0 percent in 2024 to $678,930, compared to 2023, driven by increased consumer confidence drawing sidelined buyers back into the market. All provincial recreational markets in Canada are expected to witness an uptick in single-family home prices in 2024, with Ontario projecting the highest price appreciation at 8.0 percent.

Phil Soper, president and CEO of Royal LePage, noted the significant surge in demand for...

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