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…

the spring market is heating up!

The spring real estate market is heating up and the numbers so far provide great news for sellers, but the relatively low supply and high demand can spell frustration for buyers. Last month, there were 19 per cent fewer homes on the market but it was the second most active March in history. Cynthia Mulligan outlines what you can do…

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…

A Deadline You Need to Know About

New mortgage rules come into effect in one week folks! Check out this info from Peter Majtheynji from My Mortgage Planner to find out how it could affect you…. By now, you have heard that Canada’s Finance Minister, Jim Flaherty, has initiated further changes in the mortgage industry that will take effect March 18, 2011. This is an effort to…

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…