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The OSFI stress test continues to impact home buyers’ ability to qualify for a mortgage. TREB is still arguing that the stress test provisions and mortgage guidelines generally, including allowable amortization periods for insured mortgages, should be reviewed. – Garry…
Read more“Market conditions have remained tight enough to support a moderate pace of price growth. Despite sales being markedly lower than the record levels of 2016 and early 2017, the supply of listings has also receded. This means that in many…
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Toronto Market Report – Sales Commentary February sales as reported by The Toronto Real Estate Board were disappointing. At just over 5,000 units, that was 2.4% lower than February of last year. The uptick from January was 26%, versus a…
Read more“Home sales reported through TREB’s MLS® System have a substantial impact on the Canadian economy. A study conducted by Altus for TREB found that, on average, each home sale reported through TREB resulted in $68,000 in spin-off expenditures accruing to…
Read moreThis year’s report is all about envisioning housing options and supply for liveable communities. In addition to sharing the latest Greater Toronto Area housing market and commercial real estate data, TREB worked with several partners to contribute insightful research on…
Read more“Home types with lower average price points have been associated with stronger rates of price growth over the past few months. Given the impact of the OSFI-mandated mortgage stress test and higher borrowing costs on affordability, it makes sense that…
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Toronto Market Report – Sales Commentary Sales on the Toronto Real Estate board for October were better than expected. At 7500 units, it was 6% higher than October of last year, and 16 % higher than September. While October is…
Read more“Annual sales growth has outstripped annual growth in new listings for the last five months, underpinning the fact that listings supply remains an issue in the Greater Toronto Area. With municipal elections in the rear view mirror, all levels of…
Read more“Generally speaking, annual rates of price growth have been stronger for higher density home types in 2018, including condominium apartments, townhouses and semi-detached houses. In many neighbourhoods, these home types provide more affordable home ownership options. This is why a…
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Toronto Market Report – Sales Commentary September sales on the Toronto Real estate Board were 6500 units, up 1.9% compared to September of last year. This is not as positive a sign as it appears. September sales were down 5%…
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