Home prices increased 3% year-on-year in the Greater Toronto Area during August but the general slowdown continued, with month-on-month prices and sales of detached homes down once again. In its latest report released Wednesday, the Toronto Real Estate Board revealed that the average sale price of homes in the GTA was $732,292 – a 3% […]
GTA home prices see another drop in July
July was another tough month in real estate in the Greater Toronto Area as there were once again notable decreases in the average price of homes and the number of homes sold. In its latest monthly report released Thursday, the Toronto Real Estate Board (TREB) announced that the average price of a home in the […]
Huge growth in new home sales in Toronto
There was huge growth in new home sales in the Greater Toronto Area in June, with a new report showing that the number of sales grew by 59% compared to May 2017, 23% compared to June last year, and 44% compared to the 10-year average. The report, released by the Building Industry and Land Development […]
Has Toronto’s real estate bubble burst? A statistical look
Following the latest release of figures from the Toronto Real Estate Board (TREB) last Thursday, there have been a variety of headlines proclaiming the bursting of the real estate bubble in the Greater Toronto Area. But has that really happened? And is there a real estate bubble at all? We took a deep look at […]
GTA House Prices Record Another Big Increase in April
House prices continued to rise in the Greater Toronto Area during April, with the latest report from TREB showing a 24.5% year-on-year increase in the average selling price and a slight increase from the previous month. Rising to a new high of $920,791, the average selling price for all homes in the GTA was […]
GTA house prices rise by 33.2% in March 2017
GREATER TORONTO AREA – The rise in house prices in Toronto and the GTA showed no signs of slowing down in March, with the average sale price up by 33.2% compared to the same month last year. In a report released today, the Toronto Real Estate Board announced that the average price for house sales in […]
Condo Rents Climbed at Record Pace Last Quarter: Urbanation
GREATER TORONTO – Despite a slowing of rental activity across the GTA, the area’s average condo rent shot up by 11.7 per cent (year-over-year) during the last three months of 2016 – marking the highest rate of increase since the analysts at Urbanation began tracking condo rents in 2011. The GTA’s average condo rent amount […]
TREB Predicts GTA Real Estate “Seller’s Market” in 2017
GREATER TORONTO – After a second straight record-breaking year for home sales activity in the GTA, the Toronto Real Estate Board (TREB) is predicting another strong year for real estate in the area – with between 104,500 and 115,500 transactions forecasted for 2017’s total. Based on polling conducted by Ipsos last November, the Board’s Market […]
Downtown Toronto among Ontario’s Strongest Rental Markets
GREATER TORONTO – For readers who follow Toronto real estate, it should come as no surprise that Toronto’s Census Metropolitan Area (CMA) played a major role in driving last year’s 2.1-per-cent decrease in Ontario’s rental vacancy rate. That figure was first reported in the Canada Mortgage and Housing Corporation’s 2016 Ontario edition of the Rental […]
GTA average new detached home price hits $1.23M
GREATER TORONTO – As a year of tight new-home inventories has drawn to a close, statistics released by the Building Industry and Land Development Association (BILD) show that the GTA’s brand-new homes have been fetching some of their highest prices ever. According to a BILD press release issued December 22, November saw Greater Toronto’s average […]