Toronto Real Estate News

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

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 …

Sales and Prices Up in September

Sales and Prices Up in September

Toronto by Dennis Jarvis

In September 2016, Greater Toronto Area REALTORS® reported 9,902 sales through TREB's MLS® System. Compared to September 2015, these sales were up by 21.5 per cent.

Although strong annual rates of sales growth were experienced for all major home types in the region as a whole, the pace of detached sales …

Top 10 Coming-Up Toronto Condos

Top 10 Coming-Up Toronto Condos

These are some of the newest additions to the cities rapidly changing skyline. When it comes to choosing a condo in Toronto it's all about finding the right neighbourhood.

1. SQ

No building is closer to the vibrant downtown Toronto cultural scene than the SQ—the building sits at the center of the most vital …

Sales Still Rising Despite Low Inventory

Sales Still Rising Despite Low Inventory

CN Tower by Arnaud Regnier

Despite low inventory, sales are still going up in Toronto. In August 2016 City of Toronto reported 3416 sales trough TREB’s MLS® System, making the sales rise by 21.70 per cent in year-by-year comparison. In Greater Toronto Area TREB recorded 9,813 sales, making it enormous rise 22.69 per …

Photo Essay: The Green Roofs of Toronto

Photo Essay: The Green Roofs of Toronto

Seven years ago, the city of Toronto committed to transforming its urban area by passing the 'Green Roof Bylaw' thus becoming the first city in North America to do so. It requires every new commercial, residential and institutional development with a minimum of Gross Floor Area of 2,000m2 to vegetate at least 20 per cent …

Real Estate Prices Greatly Outpacing Inflation

Real Estate Prices Greatly Outpacing Inflation

Spotted by Paul Bica

TREB REALTOR® Members reported 9,989 transaction through TREB’s MLS® System in July 2016. The number went up by 1.10 per cent, marking the highest number of transactions on TREB’s record for this month.

While sales continued to climb, number of listings decreased more throughout the month. New listings show 7.87 per …

Toronto: The Final Destination

Toronto: The Final Destination

Canada’s economy is changing. The price of oil continues to slide, putting pressure on the country’s once-booming crude industry. And as more people are being forced to look elsewhere for work, national and regional demographics are shifting.

The redistribution of labour around the country is causing a domino effect with other industries, especially Canada’s biggest …

Condo Sales Strong in June

Condo Sales Strong in June

Photo by Views from Lisa

Last month's statistics reported by Toronto Real Estate Board show that June was a great month for condominium segment. According to the data there was 2,182 condo apartments sold only in the City of Toronto that were recorded in TREB’s MLS® System. That is 14.48 per cent higher rate that …

Renovations as a Way to Add Value to Your Home: Dos and Don’ts

Renovations as a Way to Add Value to Your Home: Dos and Don’ts

If you're looking to sell your home or add value, there are many ways—on both ends of the budget spectrum—to do so. According to Abbe Will, a research analyst in the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, the remodeling market is doing well these days:

The remodelling market …