Ontarians see real estate market getting stronger
Ontario residents are feeling more optimistic about the economy in general and the real estate market specifically with a fundamental shift in how they view the market, according to an Ipsos poll released Wednesday by the Ontario Real Estate Association (OREA). Read More.
Toronto housing boom unsustainable, Bank of Canada says
Toronto homebuyers should not expect the frantic pace and blistering prices of the housing market to continue, warns the head of the Bank of Canada. Read More.
CREA wants competition ruling to apply in Toronto only
The Canadian Real Estate Association (CREA) doesn't want real estate boards outside Toronto to be bound by a Competition Tribunal ruling that will likely force the country's largest board to lift restrictions on some property sales data. Read More.
Luxury real estate market in Toronto saw substantial growth in 2015, says report
A new report by Christie’s International Real Estate found that Toronto’s luxury real estate market grew substantially last year. Read More.
GTA real estate market on pace for another year of record-breaking sales
Toronto real estate agent Elli Davis just closed a “bully offer” for $300,000 over a $2.65 million listing price, a type of deal she’s making more often in the busiest market she’s seen in nearly 30 years. Read More.
Toronto’s suburbs get their share of the real estate frenzy
Multiple offers for desirable houses have been common in the suburbs surrounding Toronto for more than a year now, but Mr. Lackie wasn’t sure if a neglected fixer-upper would inspire a frenzy or a revolt. Read More.
In Toronto housing market, ‘Everyone wants what other people want’
During most spring markets in Toronto real estate, agents are flummoxed by the same phenomenon: Buyers tend to get especially enthusiastic about properties when they know that others want them. Read More.
Toronto’s east end has the hottest real estate in the city
The trendiest neighbourhoods in Toronto aren’t in the trendy west end, but the east. Homes north of Danforth Ave. and east of the Don River are selling fast, according to data provided by the Toronto Real Estate Board. The area, which encompasses posh Playter Estates to the west and rough-around-the edges Woodbine-Lumsden further east, boasts the shortest sale times in the city, with homes averaging a mere 12 days on the market compared to a city-wide average of 21 days. Read More.
Toronto real estate group: 2016 could set sales record year, prices still rising
The Toronto Real Estate Board expects home sales in Canada's largest city will be strong in 2016 and may set a record. TREB estimates its member realtors will sell between 96,500 and 105,000 residential properties this year -- either just above or just below last year's record high of 101,229 transactions. Read More.
Toronto real estate markets end year on sky-high note
Real estate boards in both cities released figures that showed 2015 was an especially busy year for agents. In Toronto, sales in the calendar year rose 9.2 per cent over the previous year to hit a record 101,299. Read More.
Average house price rose 10% to $456,186 in November
The average price of a Canadian home was $456,186 in November, a 10.2 per cent increase compared to the same month a year earlier. The Canadian Real Estate Association also noted Tuesday that stripping out the expensive and large markets of Toronto and Vancouver, the average price would have been $338,969 — a 3.4 per cent gain compared to November 2014. Read More.
Toronto condo prices could skyrocket 40 percent, predicts major developer
“My prediction, and I’ve been pretty accurate to date, is we are going to have a 30-to-40 per cent increase in values of the condo market in downtown Toronto over the next three to four years,” Barry Fenton, CEO of Lanterra Developments, told BNN in an interview on Thursday. He later clarified he expects that price growth to occur over the next three years, not four. Read More.