TORONTO REAL ESTATE MARKET – APRIL 2021 REPORT

It was another strong month for Greater Toronto Area real estate with prices still climbing. Home prices in Greater Toronto are rising incredibly fast, but in this environment, it isn’t even close to the top gainer. The benchmark home in the region increased to $1,025,200 in April, up 1.75% ($17,600) from the month before. Compared to a year before, prices are 17.83% ($155,100) higher. Even with those incredibly large numbers, the monthly dollar gain ranked 23rd, and the annual 21st. Canadian Real Estate Mania Pushes Home Prices Up To $43,000 Higher In A Month – Kaitlin Last – Better Dwelling […]

CMHC EATS CROW…OR DO THEY?

Considering that an institution empowered and supported at arm’s length by the Government of Canada and tasked with the job of research, education, information dissemination, fiscal stimulus, and distribution of mortgage insurance vehicles to the housing industry (among other things) could get everything about the impact of Covid-19’s impact on the Canadian real estate market (and the economy at large), so completely wrong is a mystery. And it remains a mystery after the release of their newest research paper entitled: “Housing Market Information – HOUSING MARKET INSIGHT: Canada’s Major Markets,” which was released last week, 25th February 2021.  With only […]

TRREB’s ANNUAL “MARKET YEAR IN REVIEW AND OUTLOOK REPORT” IS NOW AVAILABLE FOR 2021 – HERE!

TRREB Forecasts Strong Demand for Real Estate in 2021 Highly Anticipated Outlook Report and New Digital Digest Unveiled The outlook for the GTA real estate market is healthy with strong buying intentions. Furthermore, it is anticipated that 2021 will enjoy a near-record sales forecast of more than 100,000, and a record average selling price over $1 million. The Toronto Regional Real Estate Board (TRREB) has unveiled its must-read Market Year in Review & Outlook 2021 Report and eagerly awaited digital digest. This digest containing TRREB’s annual market outlook, up-to-date Ipsos consumer polling results, the most recent Altus new home and much more. “The pandemic […]

YOU’RE RICHER THAN YOU THINK!

This video is about American homes on average, but the truth of the matter is, the message that homeowners have tremendous equity built-up in their homes is more true of Canadians and specifically Torontonian’s than it is of our US counter-parts. In fact, according to the Toronto Regional Real Estate Board, as of January 2021, the average home in the GTA was worth approx $967,885 vs $838.087 in January 2020. That’s an increase of approx 15.5% or $129,798 per homeowner. Of course, that is just an average based on all home sales of all home types. So, for some, it […]

SETTING RECORDS

“…Greater Toronto Area REALTORS® reported 4,581 home sales through TRREB’s MLS® System in January 2020 – up by 15.4 per cent compared to January 2019. On a preliminary seasonally adjusted basis, sales were up by 4.8 per cent compared to December 2019.”

TORONTO REAL ESTATE BOARD’S DECEMBER 2019 & YEAR END STATISTICS

“We certainly saw a recovery in sales activity in 2019, particularly in the second half of the year. As anticipated, many home buyers who were initially on the sidelines moved back into the market place starting in the spring. Buyer confidence was buoyed by a strong regional economy and declining contract mortgage rates over the course of the year”

WISHING YOU PEACE, LOVE, AND JOY THIS HANUKKAH SEASON!

Known as the Festival of Lights, Hanukkah celebrates the re-dedication of the Second Temple in Jerusalem during the second century B.C. The event occurred when Jews rose up against Greek-Syrian rulers in the Maccabean Revolt and drove them out of Jerusalem, according to the History Channel.

To mark their victory, Jews wanted to reclaim the temple and light its menorah, but only found enough pure olive oil for one day, according to Chabad.org. That one-day supply lasted eight and is considered a miracle in Jewish faith.

Every year, Hanukkah begins on 25th day of Kislev, a month in the Hebrew calendar. It lasts eight nights (yes, because of the oil) and this year it’s from Dec. 22-30.

THE RETURN

According to recent market data, it seems that the domination enjoyed by condos has started to ease and detached homes have once again begun to rally not in terms of sales, but also in terms of rising prices.

TORONTO REAL ESTATE BOARD’s CONDO REPORT for 2nd Quarter 2019

“The condominium apartment rental market also remained quite tight in the second quarter, with average rents for one-bedroom and two-bedroom apartments increasing above the rate of inflation on a year-over-year basis. However, we have seen an acceleration in the number of units listed for rent, which has provided renters with more choice in the market place and has coincided with a slower pace of average rent growth over the past year,” said Jason Mercer, TREB’s Chief Market Analyst.

TORONTO’S BEST NEW RESTAURANTS FOR 2019

  Here are just a few of the publishers who’ve put out 2019 Best Restaurant lists for Toronto restaurants along with their list and their #1 pick. TORONTO LIFE: the list #1 = Kōjin           NOW TORONTO: the list #1 = DONNA’s           NARCITY: the list #1 = MADRINA BAR Y TAPAS         TIME OUT: the list #1 = ALO         BLOG TO: the list #1 = COFFEE OYSTERS CHAMPAGNE   THE ULTIMATE LIST OF LISTS: Here are more lists of Toronto’s best restaurants for 2019. Enjoy and […]

SHAWN VENASSE “IN THE NEWS”

The action
Just north of Sorauren Avenue Park, this two-bedroom unit at Robert Watson Lofts had about one showing for every day it was on the market in November.

“There were a few other [units in the building] on the market at the same time, but this one had good activity and sold quite quickly,” agent Elli Davis said.

CMHC’s 2018 MORTGAGE CONSUMER SURVEY: The largest and most comprehensive survey of its kind in Canada

“Shopping for a mortgage can be overwhelming so the more information you have, the better your experience. We’ve expanded our survey to give us greater detail on what Canadians want when looking for a mortgage and how they go about the process.We also now have more insight into important groups like millennials and first time buyers. Ultimately, our hope is to help Canadians get the most out of the mortgage shopping experience.”

THE TORONTO REAL ESTATE BOARD’S MAY 2018 REAL ESTATE SALES STATISTICS

Greater Toronto Area REALTORS® reported 7,834 sales through TREB’s MLS® System in May 2018. This result was down by 22.2 per cent compared to May 2017. While the number of sales was down year-over-year, the annual rate of decline was less than reported in February, March and April, when sales were down by more than 30 per cent. On a month-over-month basis, seasonally adjusted May sales were basically flat compared to April.

GENWORTH CANADA: “Making Homeownership Easier”

GENWORTH CANADA is… We Are Canada’s Largest Private Mortgage Insurer With A History Dating Back To 1995. Genworth MI Canada Inc. (TSX: MIC) through its subsidiary, Genworth Financial Mortgage Insurance Company Canada (Genworth Canada), is the largest private residential mortgage insurer in Canada. The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. Genworth Canada differentiates itself through superior customer service, a robust risk management framework and innovative processing technology. For more than two decades, Genworth Canada has supported the housing market by providing thought leadership and a focus on the safety […]

YOUR ULTIMATE GUIDE TO 2018 TORONTO REAL ESTATE PREDICTIONS!

EVERYTHING YOU WANTED TO KNOW ABOUT THE TORONTO REAL ESTATE MARKET IN 2018, BUT WERE TOO AFRAID TO ASK! THE LINE-UP IS OUT THE DOOR WITH PREDICTIONS AND FORECASTS FOR TORONTO’S 2018 REAL ESTATE MARKET! It seems that every bank, newspaper, backwater economist and realtor has an opinion about the future! They’ve all been staring deeply into their respective crystal balls, Ouija boards, tarot cards or other such instruments of divination and here are their predictions, forecasts and prognostications. And, if the majority of these ragtag band of wannabe soothsayers are correct, then we are indeed in for a bumpy road. […]

33 ELMHURST AVENUE – #2204

The Atrium The Atrium,’ is an upscale building at Yonge and Sheppard with two bedrooms + solarium and two renovated bathrooms. This apartment also features an open living room and dining room, which are perfect for entertaining, along with breathtaking, unobstructed Southwest views of the city. Updated family-sized eat-in kitchen, one underground parking space and ample ensuite storage round out this exemplary suite. Stellar amenities include a 24-hour concierge, car wash, exercise room, sauna, party room, squash/racquet court, and visitor parking—all just steps to shopping, dining and the subway.’ Amenities Air Conditioning Central Air Concierge Service Eat in Kitchen Ensuite […]