There were new record house prices across the GTA in January as a report showed that the average price of a home has risen to $1,242,793. According to the latest monthly report released by the Toronto Regional Real Estate Board (TRREB), the average price of a home rose 28.6% year-over-year to it’s new high and […]
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 […]
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 […]
Statistics Canada reports increase in Ontario’s private dwellings
OTTAWA – As many Greater Toronto real estate watchers know, activity levels in the local market are largely influenced by two key Ontario trends: the pace of the province’s population growth, and number of homes available to house its residents. Thanks to a recent issue of Statistics Canada’s The Daily, we now have a peek […]
Ontario Home Ownership Index hits new high: OREA
TORONTO – Heading into the winter of 2017, Ontario residents are feeling even more confident about their real estate markets than they did at the height of the summer market. The Ontario Real Estate Association (OREA)’s Home Ownership Index – a measure that reflects Ontarians’ “overall views of the residential real estate market” – rose […]
Double-Ending in Ontario Real Estate: A Primer
GREATER TORONTO – Double-ending has been a trending term in recent months, perhaps triggered by a recent CBC Marketplace episode that caught several GTA real estate sales representatives bending (or outright breaking) rules around multiple-offer scenarios. Here at GTA Real Estate News, we do our best to provide our readers with the knowledge to protect themselves from […]
Ontario to Double LTT Refund for First-Time Buyers
TORONTO – As home prices continue to escalate across Greater Toronto and beyond, aspiring home buyers may find some relief in a newly-proposed increase to the province’s Land Transfer Tax (LTT) refund. The proposed legislation would see the maximum refund – which is currently available only to eligible first-time buyers in Ontario – double from […]
“Gen Y” Canadians Focused on Home Ownership: OREA
TORONTO – South of the border, much analysis has been done on the home ownership aspirations of “Generation Y” (also known as “millennials”) – a group that the Ontario Real Estate Association (OREA) defines as having been born between 1981 and 1995. Thanks to new poll results released by OREA on August 3, we now […]