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GTA REALTORS Release February 2025 Stats

Home buyers continued to benefit from substantial choice in the Greater Toronto Area (GTA) resale market in February 2025. Home sales last month were down in comparison to the same period last year, while listing inventory remained high, providing substantial negotiating power for homebuyers. “Many households in the GTA are eager to purchase a home, but current mortgage rates make it difficult for the average household income to comfortably cover monthly payments on a typical property. Fortunately, we anticipate a decline in borrowing costs in the coming months, which should improve affordability,” said TRREB President Elechia Barry-Sproule. “On top of lingering affordability concerns, home buyers have arguably become less confident in the economy. Uncertainty about our trade relationship with the United States has likely prompted some households to take a wait and see attitude towards buying a home. If trade uncertainty is alleviated and borrowing costs continue to trend lower, we cou...
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TRREB MLS® SALES-TO-NEW LISTINGS RATIO FEBRUARY 2025

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TRREB MLS® NEW LISTINGS FEBRUARY 2025

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TRREB MLS® SALES FEBRUARY 2025

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TRREB MLS® AVERAGE PRICE FEBRUARY 2025

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Routine Furnace Check-Ups That Could Save Money

Spending time and money on checkups throughout the year might seem like a bore, but we guarantee you’ll wish you had if you end up with a broken furnace mid-winter. Here are our top tips for home maintenance plus some pointers for letting professionals give your furnace a once over. Replace filters Filters protect your furnace from dirt, debris and other things that can clog up the airflow. But, like all filters, they need to be routinely changed or maintained to ensure that they are effective. Every three months is a good rule of thumb for changing or cleaning (depending on the kind you have) furnace filters. However, if you have pets or any allergies or respiratory conditions, we recommend doing it more regularly. Check the thermostat If you’ve noticed any inaccuracies or functionality issues with your thermostat – or even if you haven’t – it’s a good idea to do a quick manual once over. Making sure that your furnace is turned off, check all wiring connections to ensure there...
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3 Reasons To Invest In Smart Technology

AI is becoming more and more a part of modern life. Whether you are for it, against it, or somewhere in between, embracing AI at home can have considerable benefits. Save $$$ - With smart technology, you can set usage modes based on time of day or set vacation mode with your thermostat, lights, and refrigerator. If you forget to turn down the heat before you leave, you can remotely control it with your phone from anywhere. Time-saving alerts and reminders – Have you ever put a load of laundry in the washer only to forget about it until the next day? With smart technology, you can receive alerts when your laundry is complete. For the kitchen you can now buy smart fridges that track food inventory and expiration dates and notify you when items are running low. Security – Wouldn’t it give you peace of mind if you got a notification when the oven was left on or the front door was unlocked? Smart technology can do just that and rectify the situation – remotely. There are now also smoke an...
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