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.
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.