LPT Blog

Renewed Consumer Confidence Key to Housing Market Recovery

Greater Toronto Area (GTA) home sales, new listings, and average selling price were down compared to a year earlier in November 2024. Intending homebuyers remained on the sidelines, awaiting more positive economic news. “There are many GTA households who want to take advantage of lower borrowing cos

More People Will Struggle To Be Housed in Ontario if Bill 60 is Passed

A proposed bill by the Doug Ford government will worsen homelessness in Ontario by eroding essential tenant rights amid a rising cost of living and unstable job market, an open letter by a group of housing rights organization says. The letter signed by over 100 organizations was published on Monday.

Bank of Canada lowers policy rate to 2.25%

The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. With the effects of US trade actions on economic growth and inflation somewhat clearer, the Bank has returned to its usual practice of providing a

Housing Market Sees Boost in September Following Interest Rate Cut

September home sales increased in the Greater Toronto Area (GTA) compared to a year earlier, as more homebuyers sought to take advantage of more affordable monthly mortgage payments. Buyers continued to respond to substantial choice in the marketplace by negotiating the average selling price downwar