The May Numbers are in! | Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 9,989 transactions through TREB's MLS® System in May 2019.* While this result represented a substantial increase of 18.9 per cent over the 15-year low in May 2018, it should be noted that the result was still below the average for month of May sales for the previous ten years, which stands at almost 10,300.Read More
Market Watch | May 2019 - Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported a substantial year-over-year increase in home sales in April 2019. The number of residential transactions jumped by 16.8 per cent to 9,042 compared to 7,744 in April 2018. On a preliminary seasonally adjusted basis, sales were up 11.3 per cent compared to March 2019.Read More
Market Watch | April 2019 | Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 7,187 residential sales through TREB's MLS® System in March 2019. This result was inline with 7,188 sales reported in March 2018. For the first quarter of 2019, sales were down by one per cent compared to Q1 2018.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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”.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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 quarterRead More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More