Toronto Real Estate News

Toronto real estate news. Market updates, MLS statistics, financial indicators and economic predictions by Jamie Sarner and his team

8 Toronto Condos Developments We’re Looking Forward to This Year

8 Toronto Condos Developments We’re Looking Forward to This Year

Toronto and its people are always on the move. So the need for modern, walkable and distinctly designed homes are always on the top of homebuyers' minds, whether they're a student, a young professional, or today's urban family. We've compiled a list of 8 of the hottest condominium projects with occupancy taking place this year. …

New Year, Same Old Issue on Real Estate Front this January

New Year, Same Old Issue on Real Estate Front this January

Toronto at Night by Raphaël Duperret

New year picked up where the old one left off: The number of sales is increasing and listings are receding, making the price growth a difficult issue. Greater Toronto Area REALTORS® reported 5,188 residential transactions through TREB's MLS®  System in January 2017. That means 11.8 per cent compared rise …

Is Toronto Facing a Shortage of Family Friendly Condos?

Is Toronto Facing a Shortage of Family Friendly Condos?

Traditionally, a house in the suburbs with white picket fences, a Golden Retriever, two and some kids, green lush backyard and a mini-van in the driveway summed up living a Canadian dream; but not anymore. The fond dream is now beating a retreat as more and more young families are getting ready to settle down …

2016 was Record Breaking Year for Toronto Real Estate

2016 was Record Breaking Year for Toronto Real Estate

Skywalk sunset by Tyler Law  

2016 was a very successful sales year for the Toronto real estate market. As TREB President Larry Cerqua announced, it was a second consecutive year for home sales breaking record numbers. GTA REALTORS reported 113,133 home sales through TREB’s MLS System in 2015, including 5,338 sales in December. Compared to 2015, …

Top 20 Canadian Real Estate Blogs in 2016

Top 20 Canadian Real Estate Blogs in 2016

With the heart- and record- breaking year almost over it is high time to update our annual list of favourite real estate blogs. Agents and teams had a lot of work these past 12 months as the market grew. Surging home prices and plummeting number of listings caused both distress and enthusiasm. What is more, …

Strong price growth recorded in Toronto

Strong price growth recorded in Toronto

Downtown Toronto by Marco Bellucci

In November 2016 Toronto experienced strong sales as well as price growth. The alarming lack of listings was present through the entirety of 2016 and resulted in prices rising as much as 22.7 percent in year-over-year comparison. The average price in GTA was $776,684 for all home types. Toronto Real …

Sales Up in October

Sales Up in October

Photo by Rod Brazier

Toronto Real Estate Board has released the real estate market statistics for October 2016. According to the report, sales were up by 11.5 per cent year-over-year, with 9,768 transactions recorded through Toronto Real Estate Board MLS® System. The largest annual rate of sales growth – 22.2 per cent – was recorded …

Understanding Canada’s New Mortgage Rules Changes

Understanding Canada’s New Mortgage Rules Changes

All the info in the article and infographics are from Dave Larock's blog posts about the mortgage changes, published on October 5th and October 11th.

Canada's Finance Minister, Bill Morneau announced several major changes to mortgage rules. According to Globe and Mail, the changes seem to be "aimed at ensuring Canadians aren't taking on …