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Sales up in June 2019

Saturday Jul 20th, 2019

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The Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 8,860 sales through TREB’s MLS® System in June 2019, representing a 10.4 per cent increase compared to June 2018. Over the same time period, total new listings remained at a similar level for the month of June and active listings at month-end were down by 5.7 per cent. Sales and new listings statistics for the first half of 2019 compared to the same period in 2018 painted a similar story to... [read more]

Toronto Sales up by 18.9% in May 2019

Sunday Jun 09th, 2019

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  Toronto Real Estate sales in the Greater Toronto Area reported in May 2019 was 9,989 transactions through TREB's MLS® System. This result represents a substantial increase of 18.9 per cent over the 15-year low in May 2018, it should be noted that the result was still below the average for month of May sales for the previous ten years, which stands at almost 10,300. After a sluggish start to 2019, the second quarter appears to be reflecting a positive shift in... [read more]

April was a good month for the Toronto Real Estate Market

Friday May 10th, 2019

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April was a good month for the Toronto Real Estate Market. Sales came in with a substantial year-over-year increase. The number of residential transactions jumped by 16.8 per cent to 9,042 compared to 7,744 in April 2018. On a preliminary seasonally adjusted basis, sales were up 11.3 per cent compared to March 2019. New listings were also up year-over-year by eight per cent. However, the annual growth rate for new listings was much lower than that reported for sales. This suggests that... [read more]

April 2019 Toronto Real Estate Report

Monday Apr 08th, 2019

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The Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 7,187 residential sales through TREB's MLS® System in March 2019. This result was inline with 7,188 sales reported in March 2018. For the first quarter of 2019, sales were down by one per cent compared to Q1 2018. The OSFI stress test continues to impact home buyers' ability to qualify for a mortgage. TREB is still arguing that the stress test provisions and mortgage lending guidelines... [read more]

Toronto Homes Sales Down Compared to January But This can be a Good Thing if you are Buying and Selling!

Thursday Mar 07th, 2019

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The Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 5,025 homes sold through TREB’s MLS® System in February 2019. This sales total was down by 2.4 per cent on a year-over year basis. Sales were also down compared to January 2019 following preliminary seasonal adjustment. The mortgage stress test has left some buyers on the sidelines who have struggled to qualify for the type of home they want to buy.  The stress test should be reviewed and... [read more]

Spring Market Approaching. Beat the Listing Rush!

Thursday Feb 21st, 2019

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With the winter months coming to an end and the spring months approaching, the real estate market is starting to pick up again. Sales throughout the Toronto area are up by 3.4% compared to last years sales. The condominium apartment segment led the way in terms of average price growth and sales on a year over year basis.  It is encouraging to see the increase in sales even though the weather has been difficult throughout the past few weeks. The current market is very low on inventory and... [read more]

January 2019 Toronto Real Estate Sales Report

Thursday Feb 14th, 2019

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Greater Toronto Area REALTORS® reported 4,009 home sales through TREB's MLS® in January 2019, up by 0.6 per cent compared to January 2018. On a preliminary seasonally adjusted basis, sales were up by 3.4 per cent compared to December 2018. It is encouraging to see the slight increase in January transactions on a year-overyear basis, even with the inclement weather experienced in the GTA region during the last week of the month. The fact that the number of transactions edged... [read more]

No App Will Ever Replace A Real Estate Agent

Thursday Jan 10th, 2019

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Don’t expect to be shopping for your next home on Amazon anytime soon. While online shopping has become a mainstay for consumers, real estate is one market that’s avoided this technological takeover. Lang Vuong, broker-of-record for Cloud Realty in Mississauga, said the real estate agent’s role can’t be boiled down to an app like Airbnb, or Uber. “The difference with taking an Uber is that real estate transactions could be fraught with a number of issues,” he... [read more]

Toronto Housing Market Statistics January 2018

Wednesday Jan 09th, 2019

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Click below for the latest Toronto Housing Market Statistics. If you have any questions feel free to contact me at 416-856-5408   http://communications3.torontomls.net/statistics/mstats/pdf/2018/TREB_Housing_Market_Charts-December_2018.pdf [read more]

Toronto Real Estate Report - January 2018 Market Update

Sunday Jan 06th, 2019

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The Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported a total of 77,426 residential transactions through TREB’s MLS® System in 2018. This result represented a 16.1 per cent decline compared to 92,263 sales reported in 2017. Total new listings entered into TREB’s MLS® System were down by 12.7 per cent over the same period to 155,823. The overall average selling price for 2018 transactions, at $787,300, was down by 4.3 per cent year-over-year... [read more]

November 2018 Toronto Real Estate Update

Saturday Dec 08th, 2018

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The Toronto Real Estate Board announced the continuation of moderate price growth in November 2018 compared to November 2017. The average selling price was up by 3.5 per cent year-over-year to $788,345.Greater Toronto Area REALTORS® reported 6,251 residential transactions through TREB's MLS® System in November 2018. This result was down by 14.7 per cent compared to November 2017. New listings were actually down more than sales on a year-over-year basis in November. This suggests... [read more]

Toronto Rental Market Report

Friday Oct 19th, 2018

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The Toronto Real Estate Board announced that Greater Toronto Area REALTORS® continued to report robust average annual rent increases for condominium apartments during the third quarter 2018 compared to Q3 2017.  The overall number of lease transactions for condominium apartments was also up by 5.8 per cent year-over-year to 9,215 in Q3 2018. Sustained population growth and low unemployment continued to drive demand for condominium apartment rentals in the GTA in the third... [read more]

The Toronto Real Estate Board Releases Current Toronto Condo Statistics

Friday Oct 19th, 2018

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The Toronto Real Estate Board announced that the average selling price for condominium apartments reported sold by Greater Toronto Area REALTORS® through TREB's MLS ® System in the third quarter of 2018 was up by 8.4 per cent year-over-year to $552,269.  The MLS® Home Price Index (HPI) Apartment Benchmark Price was up by 10.1 per cent year-over-year to $506,300 in September 2018. The highest average condominium apartment selling price was in the City of... [read more]

Great Cobourg Bungalow Just Listed!

Saturday Sep 22nd, 2018

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                              Great Cobourg Move In Ready Two Bedroom, 3 Bathroom Newer Bungalow With A Nicely Finished Basement. Located In Popular West Park Village In A Great Area Close To Shops,401 And All Amenities. Finished Top To Bottom! Main Floor Features A Nice Living Area, A Large Eat-In Kitchen Overlooking A Family Room, A Walk Out To The Yard, A Master Bedroom... [read more]

Just Listed This Great Fully Renovated Wexford Home!

Saturday Sep 22nd, 2018

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Fully Renovated Wexford Bungalow on a nice fenced lot in a great location! Immaculate condition! Features 3+1 bedrooms, 2 baths, a finished basement with a separate entrance and apartment potential. Great home for first time buyer! See more pictures at http://houssmax.ca/vtournb/c0498592. Open House Sunday September 23rd from 2-4pm. Come See! [read more]

Just Listed This Great Fully Renovated Wexford Home!

Saturday Sep 22nd, 2018

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Fully Renovated Wexford Bungalow on a nice fenced lot in a great location! Immaculate condition! Features 3+1 bedrooms, 2 baths, a finished basement with a separate entrance and apartment potential. Great home for first time buyer! See more pictures at http://houssmax.ca/vtournb/c0498592. Open House Sunday September 23rd from 2-4pm. Come See! [read more]

Toronto Real Estate Sales Up In August. The Toronto Market Seems to be Improving Again

Monday Sep 10th, 2018

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September 6, 2018 -- Toronto Real Estate Board President Garry Bhaura announced sales and price increases on a year-over-year basis in August. Greater Toronto Area REALTORS® reported 6,839 sales through TREB's MLS® System in August 2018 – an 8.5 per cent increase compared to August 2017. Both the average selling price, at $765,270, and the MLS® Home Price Index Composite Benchmark for August 2018 were up compared to the same month in 2017, by 4.7 per cent and 1.5... [read more]

Ontario Introduces New Easy-to-Understand Standard Lease

Tuesday Feb 13th, 2018

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  New Mandatory Form Protects Tenants and Landlords   Ontario is introducing a new, simple standard lease that will be mandatory for private residential leases signed on or after April 30, 2018, including tenancies in single and semi-detached houses, apartment buildings, rented condominiums and secondary units (such as basement apartments). Currently there is no standardized form for rental agreements between landlords and tenants in Ontario. The new lease form... [read more]

February 2018 Toronto Real Estate Board Market Update

Friday Feb 09th, 2018

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GTA REALTORS® Release January Stats February 6, 2018  The Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 4,019 residential transactions through TREB's MLS® System in January 2018. This result was down by 22 per cent compared to a record 5,155 sales reported in January 2017. The number of new listings entered into TREB's MLS® System amounted to 8,585 – a 17.4 per cent increase compared to 7,314 new listings entered... [read more]

Toronto Condo Market a Strong Sellers Market

Saturday Feb 03rd, 2018

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The Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 5,773 condominium apartment sales through TREB’s MLS® System in the fourth quarter of 2017. This result was down by 15.4 per cent compared to the last three months of 2016. Over the same period, new condominium apartment listings were up by 9.8 per cent to 8,186. While sales were down relative to listings, market conditions still remained tight, with a sales-to-new listings ratio of 70 per cent.... [read more]

Scarborough-Guildwood getting new daycares at three schools

Saturday Feb 03rd, 2018

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MPP Mitzie Hunter says her Scarborough-Guildwood riding is getting 186 child-care spaces, thanks to provincial government investments. The new daycares will be built as additions to St. Barbara and St. Edmund Campion Catholic schools, and to Willow Park Junior Public School, but their respective school boards say no construction dates have been set. “By integrating more licensed child-care spaces into schools, we are building a stronger education system that supports students and... [read more]

Scarborough Retail Commercial Space with Fully Equipped Restaurant For Lease

Friday Feb 02nd, 2018

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Just Listed!    Fully Equipped Restaurant Bar in Prime Scarborough Location For Rent! Located in small strip plaza near Birchmount & Danforth Rd. 900 Sq feet on the main level and full basement with public washrooms & staff washroom. Includes use of hood fan, fryers, oven, cooler and all bar and restaurant equipment. Perfect Opportunity for experienced restauranter! $2800 per month plus utilities.   [read more]

The Toronto Real Estate Board Releases its Ecomonic Impact Report and Annual Review and Outlook for 2018

Friday Feb 02nd, 2018

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Economic Impact “On average, each residential transaction reported through TREB’s MLS® System in the GTA generates $68,275 in spin-off expenditures, according to recent analysis conducted by Altus Group. The real estate industry is a key contributor to our economy, with total annual spin-off expenditures close to $7 billion.  From the economic impact of TREB MLS® System transactions, to government revenues associated with residential sales, to the impact of the new... [read more]

Toronto Rents Moving Up and a Tighter Rental Market on the Horizon

Tuesday Jan 23rd, 2018

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Apartment rents climbed sharply in the Greater Toronto Area in 2017 as population growth and low supply pushed vacancy levels below 1 per cent. The Toronto Real Estate Board (TREB) said the average rent for a one-bedroom condominium apartment in the GTA climbed to $1,970 in the final quarter of last year, while rent for a two-bedroom condominium apartment rose 8.8 per cent to $2,627. TREB president said the demand for new rental accommodation is continuing to grow in Toronto as the... [read more]

How the New Mortgage Rules Will Affect Toronto Home Buyers

Monday Jan 22nd, 2018

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Starting Jan.1, home buyers faced a new challenge in addition to rising prices and a restricted supply of available homes — a mortgage stress test designed to cool the overheated housing markets. The test, introduced by the Office of the Superintendent of Financial Institutions (OFSI), requires the qualifying rate for an uninsured mortgage to be the greater of the Bank of Canada’s five-year benchmark rate (currently sitting at 4.99 per cent) or the rate homebuyers negotiate... [read more]

Rising Rates Unlikely to Affect The Toronto Housing Market

Thursday Jan 18th, 2018

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A booming Canadian economy has prompted the Bank of Canada to hike its lending rate a quarter of a point for the third time since last summer. In the near-term, it will likely mean some belt-tightening among those with variable rate mortgages and lines of credit, and with more increases expected, some consumers will be scrimping further as the year goes on. But the demand for housing in the Toronto region remains so strong that the higher mortgage rates aren’t expected to have a... [read more]

Toronto Real Estate Board Announces 2017 Sales Statistics

Sunday Jan 14th, 2018

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The Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 92,394 sales through TREB’s MLS® System in 2017.  This total was down 18.3 per cent compared to the record set in 2016. Record sales in Q1 were followed by a decline in Q2 and Q3 after the Ontario Fair Housing Plan (FHP) was announced.  The pace of sales picked up in Q4, as the impact of the FHP started to wane, and some buyers arguably brought forward their home purchase in... [read more]

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