A new global study suggests what many of us in real estate have been watching unfold in real time: Canada’s biggest cities are now among the hardest places in the world for young people to buy their first home…..
Read moreToronto’s Rental Market Just Hit a Turning Point — I Haven’t Seen Anything Like It
And while Toronto still ranks among the most expensive cities in the country, these drops are outpacing the national average. Two-bedroom units — the work-from-home hero of the pandemic — saw the sharpest correction, sliding more than 7% to …….
Read morePower of Sale Listings — Risk or Reward?
The rise in Power of Sale activity is a signal worth watching — not just for what it means for distressed sellers, but for what it reveals about the underlying health of the market.
While opportunities may emerge, the smart approach is one guided by due diligence, patience, and professional advice.
Read moreMARKET UPDATE FOR THE WEEK ENDING FEBRUARY 9TH, 2018
The media likes to sell sob-stories to survive. The TREB market report was released this week and the news release in the media was all doom and gloom. Well not so in the City of Toronto. The average selling price at the end of January was $766,616, up 5.5 percent from a year ago which was $727, 928. The number of new listings came in at 2,776 for the end of January slightly lower than a year ago at ....
Read moreMarket Update Week Ending January 5th 2018.
Happy New Year ...... So the year begins. Let's sum up the market for 2017.
• GTA realtors reported 92,394 sales through Treb's MLS- down 18.3 percent compared to (113,133) the record set in 2016
• Record sales in Ql were followed by a decline in Q2 and Q3 after the Ontario Fair Housing Plan was announced.
• The average selling price for 2017 was $822,681- up 12.7 percent compared to 2016.
• The "stress" test was introduced in October causing a rush
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