Posts tagged Toronto Real Estate Market
The Well Toronto

The Well Toronto | Three Million Square Feet and Over 7.8 Acres of Office, Retail, Condominium and Rental Residential Space in Toronto's King West Area. Live at the Well | Green spaces, an open-air public promenade and an atmosphere of discovery come together in inspirational, centrally-located residences that offer an extension of the King West lifestyle.

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2019 Top-Tier Spring Outlook

2019 Top-Tier Spring Outlook | Population growth and revitalized consumer confidence in the country’s largest real estate market is expected to drive Canadian top-tier real estate performance in spring 2019. New data compiled by Sotheby’s International Realty Canada reveal that Greater Toronto Area top-tier sales have stabilized from previous years’ unpredictability, with sales over $1 million down a nominal 2% year-over-year in the first two months of 2019. A shortfall in inventory over $4 million, as well as a shift of luxury real estate transactions to off-market and private channels resulted in a 38% decrease in MLS® sales compared to the first two months of 2018; however, demand for luxury housing remains robust leading into spring. While buyers’ market conditions remain entrenched in Vancouver as the city started the year with 52% and 50% declines in sales over $1 million and $4 million respectively, pent-up demand and a positive shift in market confidence are palpable.

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Market Watch | January 2019

Market Watch | January 2019 - TREB President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 4,009 home sales through TREB's MLS® in January 2019 – up by 0.6 per cent compared to January 2018. On a preliminary seasonally adjusted basis, sales were up by 3.4 per cent compared to December 2018.

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Toronto Real Estate Board Asks Ottawa To Revisit Mortgage Stress Test.

Canada's largest real estate board is calling on Ottawa to revisit whether a stricter mortgage stress test introduced last year is still needed, arguing that the policy has negatively impacted the economy and Toronto's once red-hot housing market.

"While we saw buyers return to the market in the second half of 2018, we have to have an honest discussion on whether or not today's homebuyers are being stress tested against rates that are realistic," said John DiMichele, chief executive of the Toronto Real Estate Board (TREB) in a statement Wednesday.

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Market Watch | December and 2018 Statistics Released

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported a total of 77,426 residential transactions through TREB's MLS® System in 2018. This result represented a 16.1 per cent decline compared to 92,263 sales reported in 2017. Total new listings entered into TREB's MLS® System were down by 12.7 per cent over the same period to 155,823.

The overall average selling price for 2018 transactions, at $787,300, was down by 4.3 per cent year-over-year for all home types combined across the TREB market area.

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Bank of Canada announces interest rate decision

Bank of Canada announces interest rate decision | The Bank of Canada left its trend-setting interest rate unchanged at 1.75% on Wednesday as the sharp decline in oil prices temporarily dims its economic outlook for the coming months. Before long, however, the central bank expects the economy to expand with renewed vigour. More rate hikes, it stressed, will be necessary “over time”.

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Market Watch | November 2018

Toronto Real Estate Board President Garry Bhaura announced the continuation of moderate price growth in November 2018 compared to November 2017. The MLS® Home Price Index (HPI) Composite Benchmark was up by 2.7 per cent year-over-year. The average selling price was up by 3.5 per cent year-over-year to $788,345.

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The Elegant Symmetry of Chelster Hall

The moment you enter through the gates of Chelster Hall, a grand home in Oakville, Ont., it feels like you’ve entered a retreat where all stress and worry seem to disappear. Once you’re past the wide front doors, a magnificent chandelier comes into view. Hanging from a domed ceiling some 30 feet above you, it’s in perfect elegant symmetry with the custom oval Persian carpet underfoot. Just ahead of you are vistas of Lake Ontario sparkling in the distance. On a cold winter day, you can see the mist rising from Niagara Falls.

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2018 Modern Family Home Ownership Trends Report

A new report released today by Mustel Group and Sotheby’s International Realty Canada reveals the impact of rising housing costs on young families across the country’s major metropolitan real estate markets, highlighting the significant contrast between the home ownership aspirations and realities of this demographic.

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New Condo Prices Soar, Single-Family Home Prices Fall In September

The price of a new construction single-family home fell 7.1 per cent — about $85,000 — year over year in September to $1.1 million on average. Condo prices, meanwhile, have continued to climb — up 19.4 per cent to $789,643 — an increase of $128,455 in a year.

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Toronto Rent Boom Drives Record-Breaking Sales In Apartment Buildings

Rising rents across Toronto led to record-breaking sales for multi-residential apartment buildings in the third quarter, according to a report released Friday by commercial real estate firm Avison Young Canada Inc.

Demand for other commercial real estate assets continued to outstrip supply, the report said. Investors racked up more than $4 billion worth of deals in the third quarter

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Simple Ways to Improve Your Home's Front Exterior

The entrance to your home is the first thing to greet guests, and a place everyone in your household passes through daily. Yet it’s strangely easy to neglect this introductory space: perhaps the familiarity of seeing the same planters, door, and stoop every day makes us blind to any shortcomings. Luckily, a few simple adjustments are all you need to give the entry to your abode a good sprucing. Try one of these eight ideas to boost your home’s curb appeal.

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Toronto's Most Walkable Neighbourhoods

As one of the most walkable cities in Canada, Toronto has a lot to offer the daily wanderer. Living a short distance from restaurants, bars, shopping, and cultural institutions is an important aspect of the urban experience. Whether it’s the hustle and bustle of the centre of the city or a tranquil enclave you’re after, these six neighbourhoods are some of the most walkable in the city—ideal for a place to call home.

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5 Design Ideas for Home Workspaces

As more and more people run businesses, work remotely, and pursue creative endeavours from home, the home workspace has become an integral part of a functional residence. Creating a space that not only fosters good work practices but also inspires is an important part of an office interior design plan. Taking on the following tips can result in a stylish, sophisticated office you won’t mind spending time in.

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There's A Reason North America's Tech Talent Is Heading To Toronto

Toronto recently made waves on the web with the news that the Ontario capital had become North America's fastest-growing tech market. According to the CBRE's 2017 North American Scoring Tech Talent report, Toronto added 22,500 new technology jobs to eclipse tech hotbeds New York (5,370) and San Francisco (11,540) combined. In doing so, Toronto leaped from 12th to sixth in the overall annual ranking.

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Toronto’s Tech Boom Will Keep Real Estate Frenzy Going: Forecast

Toronto's housing market has seen a marked slowdown since a new non-resident tax successfully pushed many foreign buyers out, but a forecast from real estate agency Engel + Volkers says a new phenomenon is about to take over as the driver of Toronto's housing boom: The tech industry. The influx of tech companies into Toronto's downtown core in recent years has already had "a huge effect" on the real estate market, said Anthony Hitt, president and CEO of Engel + Volkers North America.

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Investors Lift Canadian Commercial Real Estate To New Heights

Transactions reached $16.5 billion. That’s 38 per cent more than the previous record, set in the first quarter of last year, and more than twice the five-year quarterly average, CBRE Group Inc. said in a report Monday. Deal volume for the first six months was $26.8 billion, a half-year record.

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Toronto’s Housing Market Sees a Shift to Mid-Rise Development

There’s a subtle shift under way in the Greater Toronto Area’s presale condominium market in 2018: As developers are launching fewer towering projects designed to woo investors, they are finding there’s still a strong market for people looking to pay a little more money for a larger, family-friendly unit in neighbourhoods outside the downtown core.

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How Lanterra Developments Came Up With the City’s Most Sophisticated Condo

With 50 Scollard, the developer set out to build something for the ages.

At this point in the architecture history of downtown Toronto, with each new building aspiring to outshine what came before, it’s not easy to build something iconic.

But when Lanterra Developments, the company behind much-praised projects like Ice Condominiums at York Centre, The Brit Residences at Bay and Wellesley and One Bedford, acquired 50 Scollard Street, they knew they had all the ingredients to make something special. The prime Yorkville location, at the corner of Bay and Scollard across from the Peter Clewes-designed Four Seasons Hotel and Residences Toronto, certainly demanded excellence and elegance.

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2018 Fall Market Forecast

Strengthening consumer engagement and robust economic fundamentals in the nation’s largest housing market are projected to drive Canadian top-tier real estate performance this fall, as sales over $1 million rebound in Toronto. New data compiled by Sotheby’s International Realty Canada reveal that Greater Toronto Area residential real estate activity over $1 million and luxury activity over $4 million are gaining traction, as summer sales rose 19% and 34% year-over-year respectively.

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