Electronic signatures legal in real estate deals staring July 1, 2015
Next week marks a sea change in Ontario real property law when it becomes legal to electronically sign agreements of purchase and sale, as well as deeds and mortgages creating or transferring ownership in land. Read More.
Closure of online brokerage Zoocasa sparks debate about real estate data
An online real estate brokerage known for its daily emails containing data on the selling prices of homes has shut down, several months after bowing to pressure from the Toronto Real Estate board to stop publishing the contentious data. Read More.
It’s high times in a hot Toronto real estate market
The late start to Toronto’s spring real estate market appears to have pushed the selling season further toward the summer.
This week, 31 Summerhill Gardens sold for $1.845-million. The house, which was featured in this column last week, belongs to Matthew Teitelbaum and Susan Cohen. Mr. Teitelbaum is the departing director of the Art Gallery of Ontario and the couple put their family home on the market after Mr. Teitelbaum announced he’s moving to a new post at Boston’s Museum of Fine Arts. Read more.
Toronto home sales soar to fresh record in real estate’s hottest month of year
Toronto home sales rose 17% in April from the year before, carving out a new record of hot sales for one of the hottest months of the year in real estate. Read More.
Why Toronto is 'hottest' city in the world for real estate for the ultra-rich
Toronto was the “hottest” city in the world last year among the growing number of rich and not-always famous scouring the planet for luxury real estate. Read More.
Toronto house price boom spreads to suburbia
Bidding wars have spread beyond the boundaries of Toronto’s core to the 905, Globe Real Estate’s home value survey confirms.
Real estate agents have been passing along anecdotes about the spirited competition taking place in parts of the Greater Toronto Area that, in the past, had lots of houses to choose from. Read More.
Price gains in Toronto and Vancouver housing extending to nearby regions
Re/Max now sees the average residential sale price in the Greater Toronto Area growing eight percent to $594,827 from the same time last year, and prices in Vancouver growing seven percent year-over-year to $874,869. The realtor group says fierce competition for limited supply is the main driver, with some of the effects spilling over into nearby regions. Read More.
The madness is here: Toronto home buyers greet the spring market
As lively as Toronto’s real estate market has been so far in 2015, this is the week that activity really starts to intensify. With Easter, Passover and March break all behind them, prospective buyers have more properties to look at in every price segment – from downtown condos to a 16,000-square-foot Forest Hill mansion that hit the market with an asking price of $18.8-million. Read More.
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.