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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]

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]

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]

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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