Only those within the top 10% of earners can afford a Toronto house: study
Even as housing prices have cooled throughout the GTA since the 2016 market peak, the average house still fetched $873,100 as of March, while the typical condo unit costs over half a million dollars, at an average of $522,300.
Is Toronto at risk of a brain drain to Montreal?
As millennials continue to be priced out of many urban housing markets across the Greater Toronto Area, Montreal is becoming an affordable haven for younger buyers, but the wide selection and relatively low prices won’t last forever.
Average price of a resale condo unit in Toronto surpasses $600,000
The Toronto Real Estate Board released its resale condo market statistics for the first quarter of 2019, reporting a slight drop in sales and a little jump in average price.
Will banning bully offers make a difference in Ontario real estate?
The Ontario Real Estate Association recently released its recommendations to improve and modernize the Real Estate and Business Brokers Act, including banning “bully offers.”
Greater Toronto Area resale housing market remains steady through first quarter of 2019
The Toronto Real Estate Board released its resale housing market results for March 2019, reporting steady sales and prices, though the market remained tight. TREB also continues to blame the mortgage stress test for slower sales.
Will Vancouver’s luxury home market bounce back this spring?
Vancouver’s shift to a buyer’s market continued in both the condo and single-family markets. Buyers and sellers have stepped to the sidelines; buyers want to see if prices will keep dropping and sellers are hoping prices stabilize or go back up.
The Greater Toronto Area’s top-tier real estate market will be strong this spring
Sotheby’s International Realty Canada released its 2019 Spring Outlook Real Estate Report, predicting an active pace for the Greater Toronto Area’s top-tier real estate market.
National home sales fall to lowest level since November 2012
The Canadian Real Estate Association released its monthly national sales figures for February 2019, reporting a drop in activity.
Greater Toronto Area home sales drop as prices continue to rise
The Toronto Real Estate Board released its monthly resale housing market results for February 2019, reporting a drop in sales and a need to revise the mortgage stress test.
Greater Toronto Area luxury home market to heat up this spring
It looks like the Greater Toronto Area’s luxury home market will be strong this year compared to 2018, according to a new report from Royal LePage.
