Condo price growth continues to outpace detached home segment Image

Condo price growth continues to outpace detached home segment

The report looks at the first seven months of 2019 compared to the same period in 2018. Considering transactions in January to the end of July, the median price per square foot of a condo unit in the GTA increased 9.1% year-over-year to $743.

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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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Here’s where home prices have doubled in the City of Toronto in the last 5 years Image

Here’s where home prices have doubled in the City of Toronto in the last 5 years

The Toronto housing market has long had a reputation for being the hottest in the nation – even in the aftermath of provincial and federal policies introduced to cool prices, the city continues to see home values appreciate at a blistering pace.

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Buying a detached home and the importance of patience Image

Buying a detached home and the importance of patience

I have a confession to make - I’m slightly conflicted about the state of the Greater Toronto Area’s housing market. Is there actually an affordability crisis? Does the mortgage stress test actually need to be adjusted? 

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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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