Toronto Real Estate News

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

Buying Real Estate in Canada Without Citizenship

Buying Real Estate in Canada Without Citizenship

Canadian cities, particularly Toronto and Vancouver, are ranked as some of the most desirable in the world. Socialized healthcare, affordable education, accessible public transit, strikingly beautiful green spaces, and environmentally conscious living are only some of the criterion used to consider a move to a Canadian city, and more and more homeowners are making the …

Condo Development Watch: The One (1 Bloor West)

Condo Development Watch: The One (1 Bloor West)

Step inside The One, a new development by Mizrahi Developments and designed by Foster + Partners. The 85 storey building is on the intersection of Yonge and Bloor and has amenities ranging from valet parking to an outdoor infinity pool. Units are already hanging sold signs, though completion isn’t expected until 2023.

This a building …

Toronto July 2018 Market Report: Summer Market Heating Up

Toronto July 2018 Market Report: Summer Market Heating Up

Good news from Toronto! Sales continue to grow across all the segments. TREB reports 6,961 sales in July 2018, which is 18.6 per cent more than last year. Detached homes rose by 26.8 per cent. Townhouses had 21.9 per cent growth. Semi-detached homes and condos were up by 6.1 and 9.4 per cent respectively.

Supply remains …

Toronto June 2018 Market Report: Sales Picking Up After a Rocky Start

Toronto June 2018 Market Report: Sales Picking Up After a Rocky Start

Good news from the Toronto real estate market. Sales are finally picking up after many adjustments to government policies that influenced buyers and sellers alike. GTA Realtors reported 8,082 home sales through TREB’s MLS® System in June 2018.

Sales were up by 2.4 per cent in year-over-year comparison and 3.16 per cent on a monthly …

Toronto May 2018 Market Report: New Supply Problem within GTA

Toronto May 2018 Market Report: New Supply Problem within GTA

There were 7,834 sales reported through TREB’s MLS® System in May 2018. This result was down by 22.2 per cent compared to last year.

The low sales activity remained a persistent issue in GTA, with sales in detached and semi-detached homes segment down by 27.9 and 28.9 per cent respectively in the year-over-year comparison. Townhouses …

How to Make Money on a Toronto Condo Investment

How to Make Money on a Toronto Condo Investment

According to TREB Market Watch April 2018, the average price of a detached Toronto home tumbled 14.4 per cent over the last year. Along with declines in the average price of semi-detached homes and townhouses, the current market may worry some Toronto real estate investors. However, condo apartments are still ripe for investing, with …

Downsizing Guide: How to Sell Your House and Find The Perfect Condo

Downsizing Guide: How to Sell Your House and Find The Perfect Condo

Once upon a time, a big home with a large yard and lots of floor space was a symbol of success. Today many people are finding that ‘living it large’ doesn’t have anything to do with square footage. Empty-nesters, those looking to simplify their lives (and possibly their finances), and people looking to create an …

Toronto April 2018 Market Report: Spring Market Slowing Down

Toronto April 2018 Market Report: Spring Market Slowing Down

The spring real estate market still shows the effects of the Toronto  government policies, which still stopping many Torontonians from entering the market. GTA Realtors reported 7,792 sales through TREB’s MLS® System in the past month. This number is down by 32.1 per cent. The average selling price was $804,584, which is 12.4 per cent less …

6 Costly Mistakes to Avoid in the Toronto Condo Market

6 Costly Mistakes to Avoid in the Toronto Condo Market

A recent study by CIBC Capital Markets Deputy Chief Economist Benjamin Tal and Urbanation Senior VP Shaun Hildebrand found that half of the condo buyers are investors—many purchasing real estate as a way to save for retirement or for their children to get into the property market. It’s likely that many other Canadians have had …

Toronto March 2018 Market Report: Sellers Considering Their Options

Toronto March 2018 Market Report: Sellers Considering Their Options

The first quarter of the year has already passed. It was marked with market slowing down and falling sales and prices. In March, GTA REALTORS® reported 7,228 residential transactions through TREB’s MLS® System. That is 39.5 per cent less than this time last year. This number was also down 17.6 per cent relative to average …