“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”Read More TORONTO REAL ESTATE BOARD'S DECEMBER 2019 & YEAR END STATISTICS
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.Read More THE RETURN
Greater Toronto Area REALTORS® reported 7,825 sales through TREB’s MLS® System in September 2019. This result represented strong year-over-year sales growth of 22 per cent compared to 6,414 sales reported in September 2018.Read More TREB RELEASES SEPTEMBER 2019 SALES DATA
“Toronto Area REALTORS® reported 7,711 residential sales through TREB’s MLS® System in August 2019. This result represented a 13.4 per cent increase compared to 6,797 sales reported in August 2018.”Read More TORONTO AUGUST 2019 SALES ARE UP!
“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.Read More TORONTO REAL ESTATE BOARD’s CONDO REPORT for 2nd Quarter 2019
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.Read More SHAWN VENASSE “IN THE NEWS”
Another week’s round-up of real estate news! What is decidedly absent, or at least minimal, this week over last, is the amount of doomsday predictions and the sky is falling prognostications.Read More ALL ABOUT TORONTO AND TORONTO REAL ESTATE IN THE NEWS
“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.”Read More CMHC’s 2018 MORTGAGE CONSUMER SURVEY: The largest and most comprehensive survey of its kind in Canada