WELCOME TO THE ABTEAM OCTOBER BLOG! October is harvest season in North America, and here, in our local real estate arena of the beautiful Durham Region, we currently have a bountiful supply – a veritable cornucopia of housing offerings -- ready to be harvested!  Truly, as a collective, the real estate industry is hoping that the Fall 2024 market ushers in a rebound in consumer confidence for the housing market that persists past just one or two quarters; a steady,... [read more]

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]

The Bank of Canada raised its key overnight lending rate for the eighth straight time Wednesday morning, but signalled its rate-hiking campaign could finally be over. The move was widely expected by economists as the bank tries to wrestle record-high inflation into submission. It's the eighth time in less than a year that the bank has hiked its trendsetting rate — a move that will make borrowing money more expensive. But at one quarter of a percentage point,... [read more]

A LOOK BACK IN 2022 AND AHEAD IN 2023:  Provided by Richard Robins International Interest rate hikes have undeniably eased a few scorching hot Canadian seller’s markets (which was needed). Unfortunately, though, we’ve also seen record declines in total sales month-over-month and, in some cases, close to the lowest posted sales numbers in 6 years.  Since January 2022, the Bank of Canada policy rate experienced 7 different rate hikes, taking us from 0.25 in... [read more]