Category Archives: Toronto Real Estate News

The latest figures released by the Greater Toronto Area REALTORS® showed that the average selling price of homes in the GTA is increasing despite predictions of moderating housing prices in the GTA. According to the report, the average selling price …(Toronto Home Prices Increasing in May 2013 continued…)

Another month is over, and Greater Toronto Area REALTORS® have released their newest Toronto housing market figures. According to the statistics, there were 9,811 sales reported through the Toronto MLS system in April 2013, which is 2 per cent fewer compared …(GTA Home Sales Slipped 2 Per Cent in April continued…)

Another month is over, and the Greater Toronto Area REALTORS® have released their newest figures concerning the housing market in the GTA. According to the report, there were 7,765 transactions recorded through the Toronto MLS system in March 2013. This …(GTA Home Sales Sink 17 Per Cent in March [INFOGRAPHIC] continued…)

The Canadian housing market has continued its cooling trend in February, causing the Canadian Real Estate Association (CREA) to lower its sales outlook for 2013 for the third time since last summer. Originally, CREA forecast that 447,400 units would be …(Mortgage Rate Concerns and the Slowing Canadian Housing Market continued…)

Over the past several decades, condominiums have evolved, and so has the profile of a typical condo buyer. It has become more difficult to identify who an average condo buyer is and who they might be in the future. Condos …(Condo Living Trends continued…)

Greater Toronto Area REALTORS® released their newest figures regarding home sales in February 2013. According to the figures, there were 5,759 sales reported through the TorontoMLS system this February, which represents a decline of 15 per cent compared to February …(GTA Home Sales Sink 15 Per Cent in February continued…)

Even though Canada’s economy should grow in 2013, the International Monetary Fund pointed out that threats such as rising household debt and high housing prices increase Canada’s vulnerability to global economic shocks. The IMF’s annual report announced that average home …(Further Adjustments to the Canadian Housing Market Expected continued…)

The first month of 2013 is over, and the Greater Toronto Area REALTORS® released their newest figures on Tuesday, February 5, 2013. The report shows that there were 4,375 transactions through the Toronto MLS system in January 2013, which is …(Toronto Housing Market in January 2013 continued…)

The Canadian housing market continues to soften, with national home sales edging downward 0.5 per cent on a month-over-month basis in the last month of 2012, as the Canadian Real Estate Association informed on January 15, 2013. National home sales …(Canadian Housing Market at the Beginning of 2013 continued…)

Home sales in the Greater Toronto Area recorded a significant fall of 19.5 per cent in the last month of 2012 compared with December 2011, as the Toronto Real Estate Board informs. Overall, the Toronto housing market experienced a decline …(Toronto Housing Market in December 2012 continued…)

The latest report from Greater Toronto Area REALTORS® proves the weakening of Canada’s largest housing market. According to the figures, there were 5,793 sales recorded through the Toronto MLS® system in November 2012. This represents a decline of 16 per …(Cooling Toronto Housing Market in November 2012 continued…)

Downtown Toronto has been flooded with more and more new condo towers. However, the new condo market in Toronto has reached its peak and is beginning to cool down. Even though housing starts were higher than expected in September and …(What’s Happening with the Toronto Condo Market? continued…)

Greater Toronto Area REALTORS® have released their newest figures concerning the housing market in Toronto and the GTA in October 2012. As the report informs, sales of existing homes in the GTA in October fell by 7.1 per cent in …(October 2012 Housing Market in the GTA continued…)

The housing industry has undergone some rough times in the past few years and the recession has left its marks in different parts of the industry. One of the most notable consequences of the crisis is that more and more …(Top 5 Once-Popular Home Features in 2012 continued…)

As mentioned in my October newsletter, I am spearheading a campaign to raise funds for the Daily Bread Food Bank, a non-profit organization that is fighting to end hunger within our community. With the click of your mouse you can …(Feed Those in Need With a Like: Jamie Sarner’s 2012 Charity Drive EXTENDED! continued…)

Another month is over and Greater Toronto Area (GTA) REALTORS® have released their newest figures. The stats report 5,879 transactions through the Toronto MLS system in September 2012 with an average selling price of $503,662, which is 8.5 per cent …(Home Sales Continues to Decrease in September continued…)

Home staging is about illusions . You want to make your home look bigger, brighter, cleaner, cozier, and more loveable. There is more to staging than painting, doing minor repairs, and cleaning. It’s about creating a specific mood that will …(Long-Term Staging of Your Home continued…)

Rules for government-backed mortgages have been tightened four times since 2008 by the Canadian Finance Ministry. The latest changes, in July 2012, affected first-time homebuyers the most, as it’s now much more difficult for them to qualify for a mortgage. …(Should First-Time Buyers Wait? continued…)

Greater Toronto Area (GTA) REALTORS® reported 6,418 sales through the TorontoMLS system in August 2012. This represents a major decline of 12.5 per cent compared to the 7,330 sales reported in August last year. The number of new listings reported …(Tighter Competition on the Market in August continued…)

The Canada Mortgage and Housing Corporation (CMHC) forecasts a moderate slowdown in Canada housing market throughout 2012 and 2013, as both home sales and new construction begin to slow. However, the report informs that this cooling shouldn’t create a significant …(A Slowdown in Canada’s Housing Market is Coming! continued…)

Before any changes to structures are made, a city’s planning department must issue a formal document called a building permit. Building permits ensure that your plans comply with building codes that regulate the processes of demolition, renovation, installation, construction, augmentation, …(Building Permits and Their Decrease in June 2012 continued…)

Greater Toronto REALTORS® have released their newest figures concerning the July housing market in Toronto and the GTA. According to the report, there were 7,570 sales through the TorontoMLS system in July 2012, which is 1.5 per cent less compared …(Increased Home Prices in the GTA in July continued…)

The gloomy global economic situation is affecting Bank of Canada policy makers, who are trying to ease their tone on an eventual resumption of interest rate hikes. The Bank of Canada maintained its overnight rate target at 1 per cent …(Mortgage Rates in Toronto continued…)

Your home is a place of privacy where you feel tranquil, secure, and comfortable. It’s also a place where we keep our valuable belongings. Protecting our homes is one of the most important responsibilities that shouldn’t be underestimated if we …(Performing a Home Security Audit continued…)

Cities have become important wealth producing hubs of national economies. More than a half of the world’s population lives in cities, producing more than 80 per cent of the global GDP. Cities are attractive markets for investors since the densely …(Toronto 12th in Global City Competitiveness Ranking continued…)

Besides temperatures above historical averages, June has also brought us a new CIBC Debt Poll. The poll conducted by Harris/Decima shows some not very positive figures as well as some more positive trends. The bottom line is that the vast …(CIBC Debt Poll: Over 70 per cent of Canadians in debt continued…)

At the end of June 2012, the European Union held another summit where the leaders of EU countries discussed measures and policies that could stop spreading the financial crisis within the Eurozone. Normally for Canadians there is not much sense …(Implications of Last EU Summit for Canada continued…)

Greater Toronto REALTORS® have released their newest figures concerning the June housing market situation in Toronto and the GTA. The overall number of 9,422 home sales reported through the TorontoMLS system this June represents a 5.4 per cent decrease in …(Average Home Price Increases in June 2012 continued…)

The global economic situation is worsening and the Canadian economy can’t be unaffected by all the turmoil happening in the world. Every day brings new problems and new solutions. This situation can be very confusing for politicians and society alike. …(Tighter mortgage rules in Canada continued…)