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 […]
Signs of cooling in Toronto housing market
There were signs of cooling in the Greater Toronto Area housing market in May, with the latest report from the Toronto Real Estate Board (TREB) showing that the average sale price and the number of sales were down compared to the previous month, while listings continued to rise. The report showed that the average sale […]
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 […]
A Closer Look at the Fair Housing Plan
A little time has passed since the government of Ontario announced its Fair Housing Plan, so people have had a chance to really think about and analyse the proposals. As such, we thought that the time was right to look at the entire fair housing plan to see what it means for people buying and […]
Ontario Announces Measures to Cool Housing Market
TORONTO – The Ontario government announced its wide-ranging plan to cool the housing market on Thursday morning with a series of measures called Ontario’s Fair Housing Plan, highlighted by a 15% tax on non-resdient speculative buyers. Following on the heels of British Colombia, which implemented a foreign buyer tax last year, the proposed Non-Resident Speculation […]
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 […]
Your First Home Purchase: A Guide to Federal Tools and Credits
GREATER TORONTO – If you are considering buying your first home in 2017, you are not alone. Far from it, in fact – an October 2016 poll commissioned by the Toronto Real Estate Board (TREB)* revealed that first-time buyers will likely account for more than half of 2017’s home sales across the GTA. While the […]
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