It’s the Toronto Real Estate Market Watch

A LOT has been going on in the market with influences from regulatory changes, the political situation in the U.S., foreign buyers in the market.  But what actually made an impact?   Inventory.    We aren’t seen a flood of buyers and investors from the U.S….yet. Regulatory changes impacted certain segments of buyers but not the market in a dramatic…

Toronto Real Estate Market Watch – November

With inventory down nearly 36% from last year, it’s no surprise that the average home price jumped 22.7% in the GTA.  It continues to be a frustrating market for buyers and the stalemate continues…many sellers are afraid to list until the find their next home.   For our team, we get creative with finding our clients homes to deal with…

Toronto Real Estate Market Watch May 2016

Strong Sales Growth Continues in May Toronto Real Estate Board President Mark McLean announced that there were 12,870 home sales reported through TREB’s MLS® System in May 2016. This result represented a new record for the month of May and a 10.6 per cent increase over the same period last year. In contrast, the number of new listings was down…

has your home’s value gone up or down?

Check out this great interactive map on the Globe and Mail… It compares values from Q1 of 2010 to Q1 of 2011. Keep in mind, this is a law of averages….if you want to know what your home would actually sell for today, we can do a comparable market analysis. And remember, inventory is way down and demand is high…

2011 february market watch

The spring market has gotten off to an early start! We are seeing a lot of new product coming out on a daily basis and listings are going into multiple offers so you can feel the intensity. It will be interesting to see what happens after March 18th when Jim Flaherty’s new mortgage changes go into play that include slashing…

Your Money

As far as resolutions go, your finances are often a point of focus. And if you aren’t financially healthy, you won’t be able to achieve your home ownership goals whether they are to move to a larger home, a coveted neighbourhood, improve the home you’re in or investing in income properties. We are big fans of Rob Carrick’s Personal Finance…

The 2011 Crystal Ball

Barring any major governmental interference or major adjustments in the interest rate (not likely), I anticipate a steady 2011 and a fairly balanced market for buyers and sellers with the typical seasonal patterns. We saw the weather play a big role in the seasonal patterns last year (in addition to the HST) and given the mild winter we’re having, I’m…

CMHC: Toronto Housing Outlook

The CMHC just released its forecast for 2011. The overall prediction for the GTA? Certainly NOT the most dramatic year in real estate. According to the CMHC, it will be steady as she goes, in fact the title of their resale section is “Less excitement in store for 2011”. They also predict that we will not have a seller’s market…

Inside the Upper Beach

In addition to our Market Watch and Mortgages feature, we’re doing a monthly focus on neighbourhoods that offer great value and lifestyle. This month we thought we’d start with our home turf – the Upper Beach! A combination of new developments and heritage conservation, we love this area for the quiet, family vibe where ‘game on – game off’ is…

October 2010 Market Watch

Prices are up 5% to $433,729 over this month last year even though the number of transactions is down 20% across the GTA. In the Beach, detached homes sold for an average of $863,562 and the average price of a semi-detached home was $482,562. Let’s take a look at the numbers comparatively from last year to this year both on…