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“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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Toronto Market Report – Sales Commentary August sales on TREB were 6,800 units, an increase of 8.5% over August of 2017. Sales were also level with those in July which is normal in terms of seasonality. In terms of sales,…
Read moreIt is exciting to see a continued resurgence in the demand for ownership housing. Many home buyers who had initially moved to the sidelines due to the Ontario Fair Housing Plan and new mortgage lending guidelines have renewed their search…
Read moreReal Estate Market conditions in the summer of 2018, including this past August, were tighter than what was experienced in the summer of 2017. In August, the annual rate of sales growth outpaced the annual rate of new listings growth.…
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Toronto Market Report – Sales Commentary 2018 2017 %change SALES 6,961 5,869 18.6% NEW LISTINGS 13,868 14,122 -1.8% ACTIVE LISTINGS 19,725 18,751 5.2% AVERAGE PRICE $ 782,129 $ 745,971 4.8% AVERAGE DOM 25 21 19% July sales on the Toronto…
Read moreThe Unexpected Consequences of Rent Control New Tenants can expect to pay more because of a shortage of rental units, and if they want to rent a unit in Toronto with a partner or friend, Landlords will not put two…
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