Michael Alexander Smith – Real Estate Broker at Berkshire Hathaway HomeServices
Each Executive Summary Report is for a specific TRREB zone combination and includes a map of the included zones and a 4 page summary for each property type (detached, semi-detached, townhomes, condos)
The Information / statistics you can find in each Executive Summary Report include:
In our year end Mortgage Market Outline Report, we crown our “mortgage newsmaker of the year” and preview key trends and issues that could have a significant impact on 2023.
In summary, this detailed report covers the following:
In our year end Stats Outline Report, we analyze the full year TRREB stats results and provide our outlook on what 2023 may have in store for the real estate and mortgage markets.
In Section 1 of the full report, we provide a detailed analysis and commentary on the below average price & sales chart that tracks the TRREB market progression from 2020 to 2022. We organize our analysis into the following categories:
In Section 2 of the full report, we analyze the supply metrics for detached and condo property types heading into 2023 and outline key trends and issues that we expect will have the biggest impact on housing during 2023.
Timely Topics! On January 25th, 2023, the Bank of Canada (BoC) increased its overnight rate by 0.25% (25bps) lifting it to 4.50%. Lenders followed shortly after by raising their Prime rates from 6.45% to 6.70%.
As at the time of writing, most economists are forecasting that we’ve reached the peak and the next move by the Bank of Canada could be downward starting very late 2023 or 2024. To access the full report that covers the following topics, please click on the image below: