Browsing TagToronto Real Estate News

July Home Sales Up 18.6%

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 […]

Is The Housing Market Still One Of The Biggest Vulnerabilities To Our Economy?

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 […]

Millennials Are Opting Out Of Condos And Looking For More Spacious Homes. The Issue: The Lack of (Affordable) Supply

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 […]

Luxury Condo Prices Outperform Luxury Detached Homes

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 […]