It’s no secret that the GTA housing market has seen a meteoric rise over the past few years. Even though most properties are selling at an unprecedented rate regardless of size or condition, the conventional wisdom that staging plays a key role in how fast a home sells (and how much it sells for) still […]
More new records as hot GTA real estate market continues
There were more new records for home prices last month as the Greater Toronto Area real estate market showed no signs of slowing down. According to a report released by the Toronto Regional Real Estate Board (TRREB), the average price of a home in the GTA rose 18.3% year-over-year, reaching a new record of $1,136,280. […]
CMHC Reports Drop in Foreign-Owned GTA Condos
TORONTO – Although 2016 found the GTA under the microscope for its sky-high real estate prices, new numbers from the Canada Mortgage and Housing Corporation (CMHC) have indicated that foreign ownership of condos may not be a major contributor to “seller’s market” conditions. Based on vacancy research conducted in October and November, the Corporation’s newest […]
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 […]
Mortgage Primes Lowered as Bank of Canada Trims Overnight Rate
TORONTO – Mortgage-seeking Canadians caught a bit of a break on July 15, as the Bank of Canada announced it was lowering its overnight rate target by ¼ of a percentage point, to 0.5 per cent. The first of Canada’s major banks to follow suit was TD, who initially reduced their prime rate to 2.75 […]
GTA Market Update: 2013 Fall Market Refuses to Cool Off
TREB numbers show GTA’s real estate market remaining stable and active through the fall months GTA REAL ESTATE – The days might be getting colder and colder, but Greater Toronto’s housing market has yet to show any signs of a temperature drop – with the summer market’s high prices and bustling sales activity continuing well […]
Investment Watch: New Horizon Mall
Condominium Retail Comes to Calgary’s North End CALGARY – Offering a mix of commercial retail spaces, food options, and entertainment venues, north Calgary’s upcoming New Horizon Mall is poised to be one of Canada’s most ambitious multicultural shopping centres since the opening of Markham’s own Pacific Mall almost 20 years ago. This past Tuesday, Living […]
Market Update: Scorching-hot August market mobilizes GTA home buyers
GTA REAL ESTATE – August was one of the busiest months of 2013 for home sales in Toronto, with the Toronto Real Estate Board (TREB) reporting 7,569 residential transactions – representing a huge 21 per cent increase over 6,249 GTA homes sold in August 2012. These numbers are reflective of Toronto area home buyers’ willingness […]
Market Update: CMHC Introduces Tighter Mortgage Lending Limits for August 2013
TORONTO – For the fourth time in five years, Canadian banks’ leashes have been pulled a little bit tighter when it comes to mortgage financing. As reported by Reuters’ Andrea Hopkins, earlier this month the federal government made a cautious move to restrict the dollar value of mortgages insured by the Canada Mortgage and Housing […]
Real Estate Agent Q&A: Leslie Zhang, Mississauga Branch
GTA REAL ESTATE – In the latest edition of our Agent Q&A video series, we spoke with Mississauga branch sales representative Leslie Zhang, a recipient of Living Realty’s Award of Distinction for the 2012 sales year. By displaying an ongoing commitment to thorough research, persistence and client service, Leslie Zhang has built a strong network […]