iListRealEstate Toronto Real Estate Blog

The Toronto Regional Real Estate Board announced that TRREB contracted Ipsos Public Affairs to provide up-to-date information on consumer sentiment related to the housing market and the specific impact of the COVID-19 pandemic. The Ipsos online survey captured home buying and selling intentions along with consumer opinions on preferred government policy directions related to the housing market. This release specifically covers the Ipsos survey conducted between April 24 and 27, 2020. Ipsos... [read more]

Greater Toronto Area REALTORS reported 2,975 residential transactions through TRREB’s MLS System in April 2020. This result was down by 67 per cent compared to April 2019. Weekday sales remained within a relatively steady range during the month, averaging 130 per day.  New listings amounted to 6,174 in April 2020 – down on a year-over-year basis by a similar rate compared to sales. The necessary social distancing and economic impacts associated with COVID-19 clearly... [read more]

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In a highly anticipated announcement yesterday, the province released A Framework for Reopening our Province, which outlines a three-phase plan providing a roadmap for businesses and individuals on what to look for as the government considers loosening the emergency measures and reopening the economy. It is important to mention that no timelines have been provided for when the economy will be re-opened. The “Restart” phase of the plan includes three stages which... [read more]

Canada Emergency Student Benefit (CESB): Provide $1,250 per month for eligible students from May through August 2020, and $1,750 for students with dependents and those with permanent disabilities. The CESB will be delivered by CRA and more details to come. Canada Student Service Grant (CSSG): Recognize students' significant contributions to the COVID-19 efforts, and provide support through a new CSSG Grant which will provide up to $5,000 to support student's... [read more]

The Toronto Regional Real Estate Board is reporting results for the first 17 days of April 2020, in order to provide some guidance on the impact of COVID-19 on the Greater Toronto Area housing market: • Greater Toronto Area REALTORS® reported 1,654 home sales through TRREB’s MLS® System during the first 17 days of April – down by 69 per cent compared to the same period in 2019.  Year-over-year sales declines, in percentage terms, were greatest for the detached... [read more]

The Toronto Regional Real Estate Board announced that Greater Toronto Area REALTORS® reported 8,012 home sales through TRREB’s MLS® System in March 2020 – up by 12.3 per cent compared to 7,132 sales reported in March 2019. However, despite a strong increase in sales for March 2020 as a whole, there was a clear break in market activity between the pre-COVID-19 and post-COVID-19 periods. For the purposes of this release, the start of the post-COVID-19 period... [read more]

No matter how much you love your current home, you may still be dreaming of the day you can buy up into a better home in a better neighbourhood. Is that day today or a few years down the road? Here’s a quick way to make that assessment. First, make a list of all the practical reasons why it might be time to move up. Those reasons might include features such... [read more]