Canadian home sales climb for the fifth month in a row Image

Canadian home sales climb for the fifth month in a row

Despite the stress test, Canadian home sales are returning to healthy levels, according to the monthly report from the Canadian Real Estate Association. In July 2019, national home sales increased for the fifth consecutive month.

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The Greater Toronto Area’s detached home market is making a comeback! Image

The Greater Toronto Area’s detached home market is making a comeback!

For the longest time, detached homes were the most popular housing type. Even when prices were skyrocketing, detached home sales in the resale market were still higher than townhomes and semis.

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Pent up demand supporting strong price growth in resale housing market Image

Pent up demand supporting strong price growth in resale housing market

The Greater Toronto Area resale housing market had a strong spring, and summer started off strong, too. Based on the latest market figures from the Toronto Real Estate Board, summer is still hot! 

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Open auctions picking up steam in Toronto real estate Image

Open auctions picking up steam in Toronto real estate

We’ve always said that the housing market and its participants would benefit from more transparency, and it looks like open auctions are catching on in the Greater Toronto Area. 

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Resale condo market remains tight through the first half of the year Image

Resale condo market remains tight through the first half of the year

According to the Toronto Real Estate Board, there were 7,038 condo sales reported through the MLS in the second quarter of 2019, which is a year-over-year increase of 3.2%.

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Looking for a cottage? Recreational property prices are on the rise! Image

Looking for a cottage? Recreational property prices are on the rise!

In Ontario, recreational property prices increased 8% year-over-year. Properties with water access in places like Collingwood and Blue Mountain saw median prices going up as much as 36%. The Haliburton waterfront area saw prices increasing nearly 30%.

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These were Canada’s hottest sellers’ markets in June Image

These were Canada’s hottest sellers’ markets in June

What are home buying conditions currently like across Canada? The latest data out from the Canadian Real Estate Association paints a picture of stability, as sales and prices remain relatively unchanged from last year.

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Canadian home prices expected to rise this year, fuelled by Toronto real estate Image

Canadian home prices expected to rise this year, fuelled by Toronto real estate

If you were waiting for home prices to drop before buying, you may have missed your chance. There was a slight cooling period through 2018 and even earlier this year, but according to a new study, prices are on the rise. 

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Rightsizing boomers putting pressure on the luxury condo market Image

Rightsizing boomers putting pressure on the luxury condo market

Due to strong population gains, a stable labour market, healthy employment rate and increasing household budgets, the GTA’s top-tier market was pretty active in the first six months of the year.

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Spring ends on a high note as Greater Toronto Area home sales spike more than 10% Image

Spring ends on a high note as Greater Toronto Area home sales spike more than 10%

TREB released its monthly resale housing market figures, announcing that 8,860 sales were reported through the MLS system. When looking at the first half of the year, home sales are up 8.5% and new listings increased by less than 1%.

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