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 […]
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 decelerating home prices, Canada’s housing market is still considered “highly vulnerable” according to a recent Housing Market Assessment (HMA) by Canada Mortgage and Housing Corporation (CMHC). The HMA, which measures four main factors that contribute to housing market volatility (overheating, price acceleration, overvaluation, and overbuilding), has continued to indicate a high degree of vulnerability […]
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 […]
The election is approaching and a new poll has determined that the biggest concern among GTA residents is…drumroll please…housing affordability. According to a recent poll done by the Building Industry and Land Development Association (BILD) and the Toronto Real Estate Board (TREB), nearly 40 per cent of residents listed the cost of housing as one […]
If you’re living in the Greater Toronto Area (GTA) and are concerned with housing costs and are debating leaving the city because of it – you’re not alone. According to a new study released at the beginning of the week by Angus Reid Institute, over half of GTA residents are worried about housing affordability, a […]
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 […]
Canada’s population is exceeding major growth milestones fast. According to a recent analysis released last week by Bank of Montreal (BMO) economists Doug Porter and Robert Kavcic, Canada’s population has surpassed the 37 million mark, in just the second quarter of this year. This growth has been the fastest the country has seen since 1991 […]
Move over millennials – you may have some competition. If you think purchasing a home is challenging now – just wait – because the market is about to become a tad more crowded. According to a recent survey done by Royal LePage, over 1.4 million Canadians, between the ages of 54 and 72, are expected […]
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 […]
