Elevated Borrowing Costs Taking a Toll on Housing Affordability
12/5/2023 | Posted in GTA Real Estate by Jessi Sandhu
High borrowing costs and uncertain economic conditions continued to weigh on Greater Toronto Area (GTA) home sales in November 2023. Sales were down on a year-over-year basis, ...
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High Rates Impacting Market, but Population Growth Will Soon Spur Demand
10/4/2023 | Posted in GTA Real Estate by Jessi Sandhu
The impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions and slower economic growth continued to weigh on Greater Toronto Area ...
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Council votes to permit multiplexes in all Toronto neighbourhoods
9/19/2023 | Posted in Toronto Real Estate by Jessi Sandhu
Multiplexes will now be permitted to be built across Toronto after being approved by councillors on Wednesday in a bid to create more housing options. ...
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Higher Borrowing Costs Continue to Impact Housing Market in August
9/6/2023 | Posted in GTA Real Estate by Jessi Sandhu
Higher borrowing costs, continued uncertainty about the economy and Bank of Canada decision making, and the constrained supply of listings resulted in fewer home sales in August ...
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Toronto housing market would stay unaffordable even in deep recession: report
9/5/2023 | Posted in Toronto Real Estate by Jessi Sandhu
Housing affordability in Toronto would remain strained even in the event of a deep economic recession, a new Desjardins analysis has found, highlighting the challenge ahead in ...
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Toronto House Prices Jump By $130,000 In A Year
3/6/2020 | Posted in Toronto Real Estate by Jessi Sandhu
Toronto House Prices Jump By $130,000 In A Year As Industry Calls For 'Shovels In The Ground'. And now the Bank of Canada is putting "kerosene on the fire" with ...
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Toronto Regional Real Estate Board Releases Monthly Resale Housing Market Statistics
3/4/2020 | Posted in GTA Real Estate by Jessi Sandhu
TREBB reports a very strong year-over-year sales and price growth in February 2020. ...
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2/13/2020 | Posted in Toronto Real Estate by Jessi Sandhu
Toronto housing price surge resembles sky-high gains of 2016. ...
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Robust market fundamentals driving Toronto's high-end housing segment
11/12/2019 | Posted in Toronto Real Estate by Jessi Sandhu
Toronto’s luxury housing sector has enjoyed a marked upswing in activity this year, according to a new analysis by RE/MAX. ...
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TREB Releases August Market Figures
9/5/2019 | Posted in GTA Real Estate by Jessi Sandhu
Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,711 residential sales through TREB’s MLS® System in ...
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Rising detached home sales pull up average price in the GTA
7/15/2019 | Posted in GTA Real Estate by Jessi Sandhu
The bounce-back in single-detached home sales is contributing to an uptick in average price, with more than 50 per cent of neighbourhoods in the Greater Toronto Area reporting an ...
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TREB Releases July Market Figures
8/6/2019 | Posted in GTA Real Estate by Jessi Sandhu
GTA REALTORS® reported 8,595 sales through TREB's MLS® System in July 2019. This result was up by 24.3 per cent compared to July 2018. ...
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Toronto tops survey of country's most popular city to move to
7/19/2019 | Posted in Toronto Real Estate by Jessi Sandhu
Toronto has been ranked as Canada’s most attractive city to move to, according to a survey from finance planning website Finder.com. ...
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Toronto condo apartment rentals up 15% in June
7/5/2019 | Posted in Rental Market by Jessi Sandhu
The strength of the economy and labour market in the Greater Toronto Area is boosting rental activity. ...
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Home ownership 'impossible' in Toronto, Vancouver: RBC
6/28/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Affordability may be improving but home ownership in Toronto and Vancouver is still an “impossible obstacle” for most potential buyers, Royal Bank of Canada warns. ...
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Toronto home sales up 18.9% in May from last year: TREB
6/7/2019 | Posted in GTA News by Jessi Sandhu
Market beginning to favour sellers, number of listings is lagging - TREB says there were 9,989 sales in May, up 18.9 per cent from the 15-year low in May 2018, while listings ...
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Where to buy real estate in 2019: The Best Deals in Metro Toronto
6/6/2019 | Posted in Toronto Real Estate by Jessi Sandhu
Due to strong economic fundamentals Toronto’s housing market remains expensive. That’s one reason why this year’s list is dominated by neighbourhoods once ...
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GTA REALTORS® Release May 2019 Stats
6/5/2019 | Posted in GTA Real Estate by Jessi Sandhu
TREB President Garry Bhaura announced that GTA REALTORS® reported 9,989 transactions through TREB’s MLS® System in May 2019.1 While this result represented a ...
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Toronto is U.S. and Canada's fastest-growing city, and that's not good
6/2/2019 | Posted in Toronto Real Estate by Jessi Sandhu
Torontonians could find themselves “doubling up” on housing with friends or relatives in the coming years as the city’s breakneck population growth outstrips the ...
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Down payments are the biggest fear for first-time buyers
5/10/2019 | Posted in First Time Home Buyers by Jessi Sandhu
Having a sufficient down payment to afford the home they want is the largest concern of first-time buyers according to a new survey. ...
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Return of the spring rush? Toronto home sales jump in April
5/6/2019 | Posted in Toronto Real Estate by Jessi Sandhu
Toronto housing market heats up as sales jump 16.8% in April ...
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GTA REALTORS® Release April 2019 Stats
5/6/2019 | Posted in GTA Real Estate by Jessi Sandhu
Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported a substantial year-over-year increase in home sales in April 2019. The ...
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Aspen Ridge unveils plan for 60-acre Toronto Crosstown
5/4/2019 | Posted in Toronto News by Jessi Sandhu
It took more than a decade to acquire the land, but the developers of a massive proposed Crosstown mixed-use project on a 60-acre site at Toronto’s Eglinton Avenue East and ...
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GTA REALTORS® Release March 2019 Stats
4/3/2019 | Posted in GTA Real Estate by Jessi Sandhu
Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 7,187 residential sales through TREB's MLS® System in March ...
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Toronto's Fairview Mall to undergo $80 million revamping
3/29/2019 | Posted in Toronto News by Jessi Sandhu
One of Toronto’s largest shopping malls is scheduled to undergo a multi-million-dollar revitalization. ...
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Toronto home prices inch up as TREB calls for stress test review
3/6/2019 | Posted in Toronto Real Estate by Jessi Sandhu
Home prices inched higher in Canada's largest real estate market last month even as sales activity cooled. ...
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GTA REALTORS® Release February 2019 Stats
3/5/2019 | Posted in GTA Real Estate by Jessi Sandhu
Toronto Real Estate Board President Gurcharan (Garry) Bhaura announced that Greater Toronto Area REALTORS® reported 5,025 homes sold through TREB's MLS® System in ...
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5 Predictions For Toronto's Housing Market In 2019
1/24/2019 | Posted in Toronto Real Estate by Jessi Sandhu
We are almost a month into 2019, and it feels like the Toronto real estate market is getting a fresh start. As we enter a more balanced market, the discussion will slowly shift ...
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Lower mortgage rates won't do much for Toronto homebuyers
1/22/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
Those in the market for a Toronto home shouldn’t get too excited about the prospect of lower mortgage rates, says one economist. ...
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Greater Toronto Area Home Prices See Steady Gains in The Fourth Quarter
1/11/2019 | Posted in GTA Real Estate by Jessi Sandhu
Market confidence remains strong in the Greater Toronto Area, while Toronto condominiums continue to grow significantly in value. ...
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