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 […]
Home sales data will become readily available following an appeal dismissal made by the Supreme Court of Canada against the Toronto Real Estate Board (TREB). TREB has been in a seven-year battle with the Competition Bureau, fighting to keep real estate figures solely in the hands of real estate agents. The ruling, in favour of […]
Home sales across the Greater Toronto Area (GTA) have climbed nearly 20 per cent in July, proving buyers are returning to the market following months of declining sales. According to the latest Market Figures report by the Toronto Real Estate Board (TREB), 6,961 homes were sold across the GTA last month, an 18.6 per cent […]
The Bank of Canada released its Financial System Review last week, and while instability in the housing market, alongside high household debt, remains to be one of the biggest vulnerabilities to Canada’s economy, there may be subtle signs of easing. Government interventions, such as higher interest rates and tighter mortgage lending guidelines, have played a […]
On Monday, The Toronto Real Estate Board (TREB) released its Monthly Market Figures for the month of May, and home sales across the Greater Toronto Area are down, once again, when compared to the same time last year. According to the report, the number of home sales for May was 7,834 units, a 22.2 per […]
Millennials are outnumbering Baby Boomers and are quickly becoming the fastest growing cohort in the Greater Toronto and Hamilton Area (GTHA). As the growth of this generation continues, so does the demand for housing. According to a new study released last week by Ryerson University’s Centre for Urban Research and Land Development, 500,000 Millennials will […]
Amidst government interventions, rising mortgage rates, and declining sales activity within the Greater Toronto Area (GTA), luxury condo prices have remained comparatively resilient. According to new figures released last week by Royal LePage, luxury condo prices outpaced luxury detached homes in the GTA over the first four months of the year, with average prices rising […]
While the housing market may appear to be stabilizing itself, when compared to the whirlwind number of sales and steep pricing last year, the latest Market Figures report released by the Toronto Real Estate Board (TREB) shows April home sales are at its lowest level in 15 years. Typically, April tends to be a big month for the […]
Last week, three of the five largest banks in Canada, TD Bank, CIBC, and RBC, raised their benchmark rates for five-year fixed mortgage rates, igniting concern amongst homebuyers and homeowners. TD Bank began the rippling effect of rising interest rates last Wednesday, increasing its five-year fixed rate 45 points, from 5.14% to 5.59% – not […]
When trying to find a place downtown Toronto we stumble upon a lot of one-to-two bedroom condos in sky-high towers. When looking for a place in the suburbs, we find many single detached family homes. What the city lacks are ground-centered housing types like small apartment blocks, multiplexes, stacked townhomes, and courtyard apartments – also […]
