J U N E ’ S  J U S T  J A Z Z Y ! This month is, without question, a pivotal month on the calendar. With the recent rate cut announcement from the Bank of Canada on June 5th and the rate was cut by 25 basis points for first time since 2020. The central bank's key interest rate now stands at 4.75%, down from 5%!  Stay tuned for the next rate announcement on July 24th, 2024. The last two years have proven that June has been the turning point of... [read more]

WELCOME TO THE ABTEAM MAY BLOG! May usually ushers in the right weather conditions and aesthetic appeal – green grass, trees in bloom and pools open --for many Canadian home sellers and buyers to deem it the peak of the spring real estate market. Most assuredly, it must be right? Well, contrary to this false but popular belief is the actual spring market activity, which this year, began the first week of January, and reached its zenith sometime before the end of... [read more]

WELCOME TO THE ABTEAM APRIL 2024 BLOG Well, it’s been an interesting year thus far in the world of real estate, to say the least. If there’s one thing that we have all learned over the course of the last few years, it’s to expect strong reactions in our local real estate market from whatever is happening in the financial markets, the global political landscape and even, the environment. A milder than normal winter translated to an early push to the... [read more]

The increase of pricing in the housing market and lack of inventory has left some potential homebuyers renting instead of purchasing. As a result, these renters may not just be viewing rentals as just a temporary steppingstone to homeownership and expect their rentals to have nicer amenities than in previous decades. If you’re a landlord, there are 8 amenities your rental should consider including: 1. Dishwasher – Rentals without dishwashers may experience more turnover than... [read more]

TORONTO, ONTARIO, January 6, 2022 – A record 121,712 sales were reported through TRREB’s MLS® System in 2021 – up 7.7 per cent from the previous 2016 high of 113,040 and up 28 per cent compared to 2020. Record demand last year was up against a constrained supply of listings, with new listings up by 6.2 per cent – a lesser annual rate than sales. The result was extremely tight market conditions and an all-time high average selling price of $1,095,475 – an... [read more]