GREATER TORONTO – When it comes to value, high-end real estate buyers could do far worse than purchasing in Toronto — where a single square meter of prime real estate will likely prove far more affordable than one in New York or Hong Kong. The latter two were among more than a dozen markets examined […]
GTA Broke Sales Record in May: TREB
TORONTO – Greater Toronto’s red-hot real estate market has broken yet another monthly record, with an all-time high of 12,870 home sales recorded during the month of May 2016. According to the newest edition of the Toronto Real Estate Board (TREB)’s Market Watch report, the total reflects an impressive year-over-year increase of 10.6 per cent. […]
GTA Condos 3.3% Foreign-Owned: CMHC
Newly completed condos in city core most popular among foreign buyers GREATER TORONTO – Looking to buy a GTA condo this year? You’re definitely not alone, but according to newly-released statistics, the majority of your competition will likely be Canadian residents. In Greater Toronto, investments made by foreign buyers have long been perceived as a […]
2016 off to Hot Start for GTA Home Sales
TORONTO – Staying true to the Toronto Real Estate Board (TREB)’s predictions for another strong sales year, an unseasonably warm January wound up generating even hotter market activity than in the same month last year. According to TREB’s Market Watch report issued February 3, a total of 4,672 transactions were completed before February began — […]
Inaugural TREB Outlook Report Predicts Strong 2016
GREATER TORONTO – While any real estate market watcher will admit that the GTA’s record-breaking 2015 might be a tough act to follow, newly-released survey numbers have revealed that home buyers and sellers are looking forward to another busy sales year in 2016. Released on January 18, the first-ever edition of the Toronto Real Estate […]
OREA Poll Shows Increased Confidence in GTA Housing Market
TORONTO – After a record-breaking 2015 that saw major local increases in not only GTA real estate sales activity, but the average selling price of Toronto area homes, many area home buyers are – perhaps unsurprisingly – feeling positive about prospects for the area’s real estate market in 2016. According to the newly-released results of […]
December GTA Home Sales Confirm Record-Breaking Year
TREB predicts strong demand for homes will continue into 2016 TORONTO – In news unlikely to shock real estate market watchers, Toronto’s annual home sales activity numbers for 2015 – which had already reached a new high water mark as of November – have officially shattered the previous record set in 2007. In its newest […]
Market Update: GTA Breaks Two Real Estate Records
TORONTO – When it comes to real estate in the GTA, much of the narrative for 2015 has focused on the region’s escalating property values. In November, however, it was sales activity that made the headlines – breaking two records in the process. In their latest edition of Market Watch issued December 3, the Toronto […]
Canadian Housing Starts Exceed End-of-Summer Expectations
TORONTO – According to new figures from the Canada Mortgage and Housing Corporation (CMHC), nationwide housing starts experienced an unexpected boost last month – fuelled largely by condominium development across the GTA. The CMHC’s report issued October 8, and entitled September 2015 Housing Starts in Canada, reveals that the country’s seasonally adjusted annual rate (SAAR) […]
Q2 Numbers Show Shrinking Condo Inventory in Toronto
TORONTO – According to condominium market research group Urbanation, 2015’s second quarter proved to be a lucrative one for new condo sales in Toronto. The group’s recently-released Q2-2015 market results reveal a full 56 per cent of the 5,737 condominium homes launched during the second quarter were absorbed before it ended, reflecting a two-per-cent increase […]