Category Archives: Real Estate News

TORONTO REAL ESTATE MARKET WATCH: Spring Market Capped Off with Strong June

The Greater Toronto Area REALTORS® reported 12,794 residential transactions through TREB’s MLS® System in June 2016. This outcome was 7.5 per cent higher than the 11,905 sales reported in June 2015. In line with the strong sellers market trend so far this year, the number of new listings was down by 3.8 per cent. “As Continue Reading ‘TORONTO REAL ESTATE MARKET WATCH: Spring Market Capped Off with Strong June’

TORONTO REAL ESTATE MARKET WATCH: Strong Growth in Home Sales in March/Q1

Strong Growth in Home Sales in March/Q1 The first quarter of 2016 has the Toronto Real Estate Board announcing record TREB MLS® home sales following a strong result for March transactions.  With a total of 22,575 sales in the first quarter, March brought us 10,326 sales. For the TREB market area as a whole, double-digit Continue Reading ‘TORONTO REAL ESTATE MARKET WATCH: Strong Growth in Home Sales in March/Q1’

Some Great Mobile Apps for Real Estate Agents and Potential Homebuyers

The real estate game is evolving. For real estate agents, being Internet savvy and having a strong online presence are now pre-requisites for being an effective salesman. One aspect of the job that is likely never to change is having to hit the pavement; conducting work while on the go, whether it be travelling to Continue Reading ‘Some Great Mobile Apps for Real Estate Agents and Potential Homebuyers’

A Major Announcement Regarding Toronto’s “Open Door” Program

The city of Toronto launched the “Open Door” program back in April of this year – a program intended to transform vacant lots around town into affordable housing developments, and allow developers to be fast-tracked through the approval process. A vacant site was selected near Dupont and Bathurst St. (200 Madison Ave.), which has been Continue Reading ‘A Major Announcement Regarding Toronto’s “Open Door” Program’

CMHC Warns About Overvalued Housing Market

Homes prices in the Greater Toronto Area and across the country has been a hot topic of discussion among real estate market analysts and commentators this year. The opinions have varied, but in general, the outlook is not great…unless you’re looking to sell. Home prices keep escalating to record highs, prompting some to state the Continue Reading ‘CMHC Warns About Overvalued Housing Market’

The Unsold Condo Controversy in Toronto

It’s been a wild, up and down year for condominium sales in the City of Toronto thus far this year. Real estate analysts for major newspapers and banks have commented on the wide spectrum of condo market conditions the city has seen just in the past ten months. Everything from tremendous over supply of condos, Continue Reading ‘The Unsold Condo Controversy in Toronto’

Sales in September Keep Toronto on Pace for Record-Breaking Year

Sales across the Greater Toronto Area rose by 2.5% to 8,200 in September, keeping the city on track for a record breaking 2015 for home sales. The average selling price for all type of homes across the GTA, including condominiums, increased to $627,395, up from $574,424 when compared to this time last year. As Jamie Continue Reading ‘Sales in September Keep Toronto on Pace for Record-Breaking Year’

Toronto Community Housing to get a Major Facelift with ReSet

Mayor John Tory was recently made an appearance at the Firgrove Toronto Community Housing neighbourhood, along with several esteemed colleagues, like TCHC interim president Greg Spearn, Councillor Ana Bailao and Councillor Giorgio Mammoliti. The group proudly announced the launch of a $66-million “ReSet” pilot project. According to Erica Vella of Global News, the main philosophy Continue Reading ‘Toronto Community Housing to get a Major Facelift with ReSet’

Does Publishing Real Estate Listings Online Create Competition?

There was an interesting development this week in the growing dispute between the federal Competition Bureau and the Toronto Real Estate Board (Canada’s largest real estate board) regarding the online publication of home sales information from the Multiple Listing Service (MLS). This particular development, which requires a bit of back story to truly understand, could Continue Reading ‘Does Publishing Real Estate Listings Online Create Competition?’