Toronto’s record house prices to rise further by 2017
Toronto’s record house prices could soar a further 17 per cent by the end of 2017 as the lack of supply in the face of unrelenting demand continues to drive prices far beyond the rate of inflation, says the chief economist of Central 1 credit union. Read More.
The Present State of Real Estate in Canada
This year promises to be particularly exciting for real estate investors. For the first time in many years, we may actually see the interest rates creep up from their historical lows. Read More.
Spring real estate market heats up in Toronto
Rock-bottom interest rates, a scarcity of supply and growing demand from millennials and wealthy immigrants have fuelled a strong start to the spring real estate season in Toronto and Vancouver. "Spring has come early for both Toronto and Vancouver," said Sal Guatieri, a senior economist at BMO Capital Markets. Read More.
Average price of Toronto detached home shoots past $1 million
Home sales in February were surprisingly hot — even in the face of record-low temperatures — as sales climbed 11.3 per cent over the same period a year ago, and so did prices, with the average detached in the City of Toronto exceeding the $1 million mark. Read More.
Toronto home buyers shake off February blahs with a good ‘ole bidding war
Real estate agent Chander Chaddah thought that the Toronto real estate market was fairly subdued in the opening days of February. He worked with two sets of clients who were able to buy houses in High Park and Little India respectively after fending off only a couple of other bidders. Read More.
Toronto’s housing market gets off to surging start in 2015
Economists largely predicted that Toronto’s housing market would be the main winner from the downturn in oil prices and rock-bottom interest rates and so far the region’s housing market is proving them right. Read More.
Four Predictions for the 2015 Toronto Real Estate Market
2015 promises to be a year of transition for the Toronto real estate market. While 2014 resembled the previous years with house prices continuing to increase, and high demand in the condo and rental market, there are some factors that may change things in the upcoming year. Here are 4 predictions for real estate in Toronto in 2015. Read More.
As winter chill sets in, Toronto’s luxury housing market burns hot
For everyone bracing against Toronto’s deep freeze this week, spring seems a distant chimera. In Toronto’s real estate market, however, spring begins about the third week of January. Read More.
Toronto real estate keeps rocketing skyward
A total of 88,462 homes were sold through the first 11 months of 2014 up 6.6 per cent from 2013. That number comes with a few thousand of the record set in 2007 when 93,193 homes were sold as buyers tried to get ahead of the land transfer tax which would take effect in 2008. Read More.
Toronto house prices to outpace country — again — in 2015
Toronto house prices are expected to climb a further 4 per cent in 2015, outstripping the Canadian average of 2.5 per cent, according to the annual Housing Market Outlook report by national real estate brokerage ReMax. Read More.