CAROLYN IRELAND In Toronto real estate, buyers gain the upper hand TORONTO PUBLISHED YESTERDAY The reality of a swift and dramatic change in the Toronto-area real estate market is sinking in for sellers and buyers. “It’s crazy how different it has become in only a matter of months,” says Pritesh Parekh, a real estate agent with Century 21 Legacy in Toronto. “The February peak is a … Continue reading TORONTO IN BUYERS’ MARKET ACCORDING TO GLOBE & MAIL
As you can see, the downward trend in the number of sales for the City of Toronto has continued its march through the marketplace with an astounding phenomenon occurring. Sales have dropped dramatically (both month-over-month and year-over-year) while prices mostly continued to climb at least as compared to last year. Continue reading TORONTO REAL ESTATE MARKET UPDATE – MAY 2022
The following personality quiz, albeit intended solely for entertainment purposes, is fairly intuitive in helping you to determine just what kind of real estate is best suited to your personality. So, have a go at it and let me know what you think of the results? And, of course, if I can be of any help with your search for somewhere to live — buying, … Continue reading WHAT KIND OF HOME SHOULD YOU LIVE IN?
Toronto Real Estate Market Results for April 2022 The April 2022 Toronto and GTA real estate sales data is in and there is a big dip in all the numbers as compared to March 2022, but they are still way up year-over-year. Here below are the latest results courtesy of the Toronto Regional Real Estate Board: TORONTO: GREATER TORONTO AREA: Here is the full report … Continue reading IN LIKE A LAMB AND OUT LIKE A LION
Ontario Cracking Down on Foreign Real-Estate Speculation with the Most Comprehensive Non-Resident Speculation Tax in Canada! Continue reading FOREIGN INVESTORS IN ONTARIO REAL ESTATE SLAPPED WITH 20% TAX!
“New supply bounced way up in February (+23.7% month-over-month), which is similar to what we saw play out in 2020 and again in 2021,” — Shaun Cathcart, CREA’s Senior Economist – Director of Housing Data & Market Analysis National Statistics February home sales rise as buyers scoop up first of the 2022 spring listings Statistics released Monday 15th March 2022 by the Canadian Real Estate … Continue reading CANADIAN HOUSING MARKET REPORT FOR FEBRUARY 2022
The continuation of tight market conditions resulted in a 33.3 per cent annual increase in the MLS® Home Price Index Composite benchmark. Similarly, the average selling price was up by 28.6 per cent year-over-year to $1,242,793. Continue reading TORONTO JANUARY SALES STATS
CHECK OUT THESE LATEST ARTICLES: Is Toronto’s home price growth spree coming to an end soon? “Definitely as we move through the year, it’s possible we’ll see average prices below that January mark.” Jason Mercer – Chief Market Analyst – TRREB Canada housing market in a ‘speculative fever’ – regulator “In some markets, where you had really rapid increases in prices, you could see a … Continue reading ARE HOUSE PRICES ABOUT TO DROP?
Demand for residential real estate in the GTA remained at or near record levels through the second half of 2021. Continue reading TRREB’s 2022 MARKET OUTLOOK REPORT
2021 was a fairly tumultuous year in all ways possible and real estate was no exception. Hot on the tail of the volatile 2020 and the first year of the Covid-19 pandemic, there were many different opinions on just how 2021 would deliver. And although the second half of 2020 ushered in record-breaking month after record-breaking month, many in the real estate community thought this … Continue reading TORONTO REAL ESTATE IN 2021