Inside the Toronto Real Estate Market – May 2017

With the news stories flying rampant about the proposed regulatory changes in real estate and housing, we thought it was high time to talk about what’s actually happening in the market right now. Generally speaking, there is definitely a shift in the market, albeit not a massive one.   Before anyone hits the panic button, let’s consider a few things……

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 – October

October Home Sales Up Year-Over-Year TORONTO, November 3, 2016 – Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported a record 9,768 sales through TREB’s MLS® System in October 2016 – up by 11.5 per cent compared to October 2015. For the TREB market area as a whole, the largest annual rate of sales growth…

Toronto Real Estate Market Watch – September

Change is in the air, and the regulations. Between the foreign buyer tax in Vancouver to the recent CMHC regulations to qualify for mortgages, the effect is starting to be felt. The impact is being felt more dramatically in Vancouver where real estate deals with foreign buyers “plunged from 2,034 deals in the seven-week period before the tax, to 60…

Our pics for Best Home Buys!

In a heated market, it can be hard to find great homes at a great value. We wanted to share three homes with you that we think fit the bill…. Prime Beach – www.332Lee.com – $599,000 Why is this a great value? Comparable semi-detached homes that were selling in the peak of the market in March were going for $650,000-$750,000….