Greater Toronto Area real estate roared back to life in July, with prices reaching new highs and sales numbers recording huge increases compared to last year. According to a report released by the Toronto Regional Real Estate Board (TRREB) today, there were 11,081 homes sold in the GTA in July – a 29.5% year-over-year increase. […]
Average home price hits record level as real estate market continues to heat up
The average price of a home in the Greater Toronto Area hit a new high in June according to a report released by the Toronto Regional Real Estate Board (TRREB) Monday. The average price of a GTA home was $930,869, surpassing the peak recorded in April 2017 – a time when prices in the GTA […]
Toronto announces phase two of plan for affordable housing units
Toronto Mayor John Tory yesterday announced the next phase in the city’s plan to increase the supply of affordable housing units on city-owned lands. At a press conference at City Hall, Tory revealed details of phase two of Toronto’s Housing Now initiative, with the city aiming to build between 1,455 and 1,710 residential units. Housing […]
TRREB survey reveals changes in real estate expectations
A survey released by the Toronto Regional Real Estate Board (TRREB) yesterday shows a notable change in the expectations of sellers of Greater Toronto Area real estate and that could have implications for the market in the next year. The survey was conducted by Ipsos on behalf of TRREB between 24 April and 27 April […]
Sidewalk Labs cancels plans for Toronto’s Quayside neighbourhood
Sidewalks Labs has announced that it will no longer pursue its “Sidewalk Toronto” plans for a high-tech, smart neighbourhood in Toronto, citing the economic impact of the COVID-19 pandemic as the main factor behind the decision. The company is a subsidiary of Alphabet Inc – Google’s parent company – and was selected in 2017 by […]
TRREB announces mid-April real estate results for GTA
The Toronto Regional real Estate Board (TRREB) today announced the results of real estate activity in the Greater Toronto Area for the first half of April, providing a vital insight into the impacts of the COVID-19 pandemic. In a break from the standard procedure of only reporting results at the end of the calendar month, […]
New feature allows buyers to search for home by school zone
TORONTO, ON- The Toronto Regional Real Estate Board last week announced the launch of a new tool that will allow buyers to search for properties by school zone. Announced on Twitter on 31 March and released the following day, the new tool is available on Collab – a site available to all licensed real estate […]
Thank you healthcare and essential workers
Living Realty would like to say thank you to Canada’s front-line healthcare workers and first responders for your tireless and incredible work in keeping us safe and healthy during this challenging time. We also want to extend our thanks to those working in the many essential industries, who help to ensure that shelves are stocked […]
Message for Buyers and Sellers
In light of current updates regarding the COVID-19 pandemic, Living Realty has the following recommendations for clients.
Boost for home buyers as mortgage stress test changes
There was good news for home buyers yesterday as the Federal government announced changes to the insured mortgage stress test that will make it easier to qualify for a mortgage. The stress test was first introduced in 2016 for insured mortgages and its aim was to ensure that buyers could afford to meet payments in […]
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