June 2017 Toronto Real Estate Market Watch

Government regulations, media doomsday, crazy market statistics. What is happening in the real estate market? As always, the media has a habit of jumping every time the market slows down – early summer and late fall.   Funny how the bubble is always about to burst when we have historical, seasonal slow downs. The government chose to announce new coming…

Inside the Toronto Real Estate Market – February 2017 Edition

This market might even be more dramatic than the Real Housewives of Toronto. Even we are blown away by what is happening.   An ongoing lack of inventory (down 50.5% compared to February 2016) is continuing to drive prices upwards.    The year over year average price of a Toronto home is up a whopping 27.7%! Of course the big…

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…

Toronto Real Estate Market Watch August 2016

We’re in the business of real estate and we’re still amazed at how much homes are selling for.   A semi in Beach Hill lists for $799,000 and sells for over $1M.   Crazy. While there are some homes priced under value to drive up multiple offers, the reality is that most homes are being listed near past comparable market…

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…

Toronto Real Estate Market Watch April 2016

With the average price of a home in the GTA going up 16.2% year over year and detached homes up 18.9%, buyers are feeling the law of supply and demand. As great as this is for sellers, the challenge becomes finding their next home. How can you deal with that? We help our clients negotiate a long closing period with…

Toronto Real Estate Market March 2016

Toronto Real Estate Board President Mark McLean announced record TREB MLS® home sales for the first quarter of 2016 following a strong result for March transactions. There were 10,326 sales in March and 22,575 sales in the first quarter. The year-over-year growth rate for sales was 15.8 per cent for Q1 2016 and 16.2 per cent for March 2016. For…