The average price of a detached home in the GTA has barely changed since a year ago Image

The average price of a detached home in the GTA has barely changed since a year ago

​​​​​​​October 2019 proved to be a strong month for the Greater Toronto Area’s resale market, with home sales and prices still climbing, while new listings continued to drop. 

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2 things that could happen to Toronto’s new condo market Image

2 things that could happen to Toronto’s new condo market

​​​​​​​Tomorrow is Halloween, but to be honest, the only thing that’s kind of frightening me right now is how expensive new condos in the Greater Toronto Area are getting. 

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Average price of a resale condo unit in the Greater Toronto Area jumps nearly 6% Image

Average price of a resale condo unit in the Greater Toronto Area jumps nearly 6%

​​​​​​​The Greater Toronto Area’s resale condo market is going strong according to the latest quarterly findings from the Toronto Real Estate Board, but there are some areas where average prices are falling. 

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Balance may be returning to the Greater Toronto Area’s condo rental market Image

Balance may be returning to the Greater Toronto Area’s condo rental market

In the third quarter of 2019 (Q3-2019), there were 10,800 condo apartments rented through the MLS system, which is 17.3% higher than the same quarter a year ago.

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Resale housing market continues to tighten in the Greater Toronto Area Image

Resale housing market continues to tighten in the Greater Toronto Area

The typically busy fall market in now upon us, and according to the Toronto Real Estate Board’s latest resale figures for September 2019, the season is off to a strong start.

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Federal parties outline ways to improve housing in Canada Image

Federal parties outline ways to improve housing in Canada

The Toronto Real Estate Board recently announced that they are “encouraged” by the federal parties’ focus on housing issues, but there’s a bit more to the story than meets the eye. 

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Greater Toronto Area resale market conditions remain tight through the summer Image

Greater Toronto Area resale market conditions remain tight through the summer

According to the latest report from the Toronto Real Estate Board, the Greater Toronto Area’s resale market remained tight through August 2019. 

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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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3 reasons why the mortgage stress test should not change (for now) Image

3 reasons why the mortgage stress test should not change (for now)

The mortgage stress test has been a hot topic since it was first introduced in 2018. Some in the real estate industry believe the policy has done its job and it’s time to revise it, and some believe it should remain the way it is. 

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