GTA resale condo market heating up
The Toronto Real Estate Board (TREB) recently released its Greater Toronto Area (GTA) resale condo market report for the first quarter of 2017, announcing that sales and the average selling price saw double digit year-over-year growth, while new listings
2.1% property tax hike approved – but is it enough?
While the sale price of homes has more than doubled in the last 10 years, property taxes have increased on average just 2.4% annually according to Toronto Real Estate Board (TREB) stats. The 2018 budget includes a property tax increase of just 2.1%,
CMHC Predicts Soft Landing for Housing Market
The Canada Mortgage and Housing Corporation (CMHC) released its second quarter 2014 Housing Market Outlook, Canada Edition, highlighting their forecasts for 2014 and 2015 housing starts, and MLS average prices and sales figures.The CMHC expects Canadian
Should You Move to the 905?
It seems unbelievable, but once again the prognosticators are saying the Toronto housing market isn’t cooling off anytime soon. The average price of a detached home in Toronto last month was more than $1 million, up 14.2% over last year; the Toronto Real
Inventories High, Housing Starts Low
The Canada Mortgage and Housing Corporation (CMHC) announced that national housing starts were trending at 189,837 units in August 2014, which is practically unchanged from July’s 189,596 starts.The trending figure is a six-month moving average of
What can a middle-class home buyer afford across Canada?
According to the latest data from the Canadian Real Estate Association, the average residential home will now set prospective home buyers back $525,000, though affordability challenges are much more acute in the nation’s priciest markets.
Prices and Sales Up for Q1-2014 GTA Resale Condo Market
The Toronto Real Estate Board (TREB) just released its Q1-2014 resale condo market statistics for the Greater Toronto Area (GTA). To no surprise, sales and the average selling price of condo units increased compared to Q1-2013.GTA REALTORS reported 4,454
Allegro by Geranium is Aurora’s latest luxury community
Illustrations are artists’ conceptIf you’re in search of a true luxury home, then you’ll be excited to discover Allegro, a new home community in Aurora by Geranium. As the average price of a new detached home in the Greater Toronto Area (GTA) nears $2
Canadian housing starts at highest level since 2007
The Canada Mortgage and Housing Corporation (CMHC) released its monthly housing starts data for March 2017, announcing that Canadian housing starts are at their highest level since 2007. The trend is a six month moving average of seasonally adjusted
Bring on the Vertical Living
The Toronto condo market continues to defy conventional wisdom, with another record month. RealNet Canada says March was the city’s best-ever with 2,496 newly constructed units sales, more than double the same period last year. The 10-year average for
