Home prices across the country have increased, especially in popular urban areas such as Toronto and Vancouver. Many Canadians have felt they have either been completely priced out of the market, or have to settle for a home vastly cheaper than their dream home. It seems many prospective homebuyers are becoming fed up with the […]
Hoping 2019 will bring lower home prices? Well, turns out there is a projected increase in housing prices according to a new report. RE/MAX released their latest Housing Market Outlook Report, and home prices are forecasted to climb 1.7 per cent in 2019 nationwide, and 2 per cent in Toronto. The increase is seen as […]
Home prices across the Greater Toronto Area (GTA) continue to increase, but sales and new home listings have fallen dramatically last month. The Toronto Real Estate Board (TREB) released its Market Figures Report for the month of November, and while the average selling price of a home was up 3.5 per cent (to $788,345), home […]
Demand continues to outpace housing supply across Canada, as national vacancy rates drop for the second year in a row. According to Canada Mortgage and Housing Corporation’s (CMHC) Rental Market Survey report released last Wednesday, the vacancy rate across the country was 2.4 per cent, down from 3 per cent last year. The drop, reads […]
Lack of supply, increase demand, population surges, and skyrocketing home prices proves that Toronto’s housing market has been through loops over the past few years and according to a new study, growth policies implemented by the former provincial government may be the culprit. The Building Industry and Land Development Association (BILD) in conjunction with Malone […]
If you’re looking to buy a home and are completely priced out of the downtown Toronto core, you’re probably taking a gander at properties located in the outskirts – somewhere in a more affordable area where the sale of a home won’t burn a hole in your wallet. Turns out, suburban areas may not be […]
Despite little fluctuation month-over-month by home sales across the Greater Toronto Area (GTA), sales within the condo and semi-detached market over the past year drove up overall prices in October. According to the latest Market Report by Toronto Real Estate Board (TREB), the average selling price was $807,340 in October, up 3.5 per cent from […]
Unlike the luxury home market, the luxury condo market is beginning to see surging sales, as Baby Boomers begin to downsize and Millennials look to upgrade to more lavish condos. According to a recent report by RE/MAX, the sale of luxury detached homes (priced from $1 million to $2 million) in Toronto and Vancouver fell […]
Looking for an affordable condo for rent in Toronto? Well, you’ll need to keep looking because the cost of renting a condo in the city just reached an all-time high. According to a recent report from Urbanation Inc., the average monthly rent for a condo increased 7.6 per cent in the third quarter to $2,385 […]
Home sales and selling prices across the Greater Toronto Area (GTA) saw a modest increase in September, according to the last Market Figures report released by the Toronto Real Estate Board (TREB). Home sales climbed 1.9 per cent, while the average selling price increased by 2.9 per cent (to $796,786 from $774,489) when compared to […]
