Posts tagged Toronto real estate market
Tips for Selling Your Home from Our Agents Across Canada

When it comes to selling that all-important investment, your home, there are many factors to consider. In addition to freshening up the paint — a must before you list — here’s what savvy real-estate brokers across Canada recommend.

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This North York Home Caused An Uproar When It Was Built In The ’90s. Now, It Can Be Yours For A Cool $3 Million

One of Toronto’s quirkiest homes, the angular blue property at 1 Bond Ave. that made waves in cookie-cutter Don Mills when it was built in the late ’90s, is on the market. The house, along with its fraternal twin property at 3 Bond Ave., drew the chagrin of neighbours when it was built at the turn of the millennium.

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Toronto Home Prices Climb In October as Condos, Semi-Detached Houses Edge Higher

Toronto’s housing market showed more signs of stability in October as prices for condos and semi-detached homes jumped even as unit sales were little changed. The average selling price rose 1 per cent last month from September to a seasonally adjusted $810,881 (US$619,419), the first gain in three months. The benchmark price, which adjusts for the types of houses sold, rose 2.6 per cent from the same month last year.

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TREB MARKET WATCH | OCTOBER

Toronto Real Estate Board President Garry Bhaura announced year-over-year increases in home sales and average sale prices reported through TREB's MLS® System in October 2018. Greater Toronto Area REALTORS® reported 7,492 sales through TREB's MLS® System in October 2018 – a six per cent increase compared to October 2017. On a preliminary seasonally adjusted basis, sales were down by one per cent compared to September 2018.

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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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5 Reasons Why The Toronto Housing Market Won't Crash

While it's easy to think that a few slow weeks are a sign of something larger, a more thorough analysis reveals that the Toronto market is still very strong. There have been many news articles about the slowdown of the Toronto housing market, and many industry prognosticators are predicting a crash. While it's easy to think that a few slow weeks are a sign of something larger, a more thorough analysis reveals that the Toronto market is still very strong. This is more likely just a temporary pause, and here are five reasons why prices and activity in the housing market will soon bounce back and continue to climb.

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Toronto Housing Market Grows 'Tighter' As Sales, Prices Rebound

Fewer homes for sale and growing demand means upward pressure on prices, once again. The Toronto Real Estate Board says the housing market is becoming "tighter" as the number of new listings across the Greater Toronto Area dropped in September, while home sale prices climbed compared with a year ago.

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From Art Deco to Contemporary: 8 Popular Home Styles Explained

When it comes to home design, inspiration can be found in any era. Whether contemporary or colonial, Tudor or Victorian, the tastes of the past have a way of influencing the present. Reviewing architectural conventions can be a great way to curate your preferences when it comes to selecting your next home. Below, eight popular home styles explained.

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Market Watch | August 2018

Toronto Real Estate Board President Garry Bhaura announced sales and price increases on a year-over-year basis in August. Greater Toronto Area REALTORS® reported 6,839 sales through TREB's MLS® System in August 2018 – an 8.5 per cent increase compared to August 2017.

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What You Need to Know If You're Renting Your Home This Fall

With the proliferation of home rental sites like Airbnb and VRBO, it’s never been easier to rent your house for the additional revenue and flexibility afforded by letting a space on a short- or long-term basis. Homeowners in peak markets make an average of $20,000 a year by renting out their homes—and that’s just through Airbnb.

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Mood Boards | Trending Bedroom Colors

When it comes to refreshing bedrooms this fall, the latest hues for walls and décor are sunny, moody, and saturated. Pantone’s Color of the Year—Ultra Violet—has been influencing bedroom tones from plummy purple to aubergine, while marigold yellow is bringing whimsy and cheer to even the most traditional of spaces.

Take your cues from these three mood boards when starting down the path of your next bedroom overhaul, and let the trending colors of fall 2018 infuse your home.

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Breaking Ground

Meet three Canadian architectural firms who are using their talents to make an impact on society. In this age of mounting social and political activism, architects are making a powerful statement in their own right. They’re tackling issues close to their hearts, from helping the homeless to supporting the cause for sustainable food and building better cities through design. We’ve rounded up three leading Canadian architectural firms who are boldly breaking new ground — with a conscience.

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Home Prices Rise Against Tighter Supply in August

August appears to have cemented the Toronto region’s real estate recovery, with average resale home prices up 4.7 per cent year over year to $765,270, including single-family homes and highrise apartments. That is about $34,000 higher than the average a year ago.

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CIBC's 3-Year Streak of Outpacing Rivals on Mortgages Ends

Canadian Imperial Bank of Commerce’s prediction of a mortgage slowdown has come true.

Mortgage balances rose 2.5 percent to C$208.5 billion ($160 billion) in the fiscal third quarter from a year earlier, the Toronto-based bank said Thursday in announcing earnings that beat analysts’ estimates.

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Vienna Snatches Melbourne's Crown as World's Most Liveable City

Vienna has ended Melbourne’s seven-year reign as the world’s most liveable city, according to the Economist Intelligence Unit.

The Austrian capital scored a near perfect score of 99.1 out of 100 in the index, whose criteria include stability, healthcare and the environment. Cities in Australia and Canada took six of the top 10 spots, with the U.S. again missing out.

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May 2018 | Market Update

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.

Supply of homes available for sale continued to be an issue. New listings were down by 26.2 per cent. The fact that new listings were down by more than sales in comparison to last year means that competition increased between buyers. Recent polling conducted by Ipsos for TREB suggests that listing intentions are down markedly since the fall.

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When is it Time to Buy Your First Property?

For First-Time Home Buyers! | We tend to track forward momentum in life by a few key milestones—first job, first car, first home—but in reality, there are no one-size-fits all markers of success. Existence can be far more exciting when we opt to follow our own timelines. That said, purchasing real estate, whether for you, your family, or as an additional source of income, can be a point of pride and something to celebrate. If you’re keen, you may be deliberating over one specific question: when is the right time to buy your first property? Here are a few indicators that you’re ready to take the leap.

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Can the Stress Test Impact your Decision to Purchase an Investment Property?

Are you considering purchasing an investment property? The right piece of real estate is a great way to grow your financial portfolio while also potentially earning rental income. However, the recent introduction of a mandatory stress test to the mortgage qualification process means that certain buyers may need to reconsider their options.

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March 2018 | Market Update

Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,228 residential transactions through TREB's MLS® System in March 2018. This result was down by 39.5 per cent compared to a record 11,954 sales reported in March 2017 and down 17.6 per cent relative to average March sales for the previous 10 years.

The number of new listings entered into TREB's MLS® System totaled 14,866 – a 12.4 per cent decrease compared to March 2017 and a three per cent decrease compared to the average for the previous 10 years.

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