Toronto Real Estate News

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

How to Get a Mortgage if You Don’t Qualify

How to Get a Mortgage if You Don’t Qualify

The new mortgage rule changes that came into effect at the beginning of this year could disqualify 10 per cent of the home buyers who already have a 20 per cent-or-more down payment ready. Because of the new rules, prospective home buyers now need to qualify for a mortgage that’s two per cent above their …

Toronto September 2018 Market Report: Fall Market Starting

Toronto September 2018 Market Report: Fall Market Starting

Fall market is here in full swing. GTA Realtors reported 6,455 sales through TREB’s MLS® System in September 2018. It makes 1.9 per cent more than last year in September. The average price was also slightly up (2.9 per cent) across all segments.

The biggest rise was recorded in the condominium segment, where the average …

Toronto August 2018 Market Report: Great Summer for Real Estate

Toronto August 2018 Market Report: Great Summer for Real Estate

This summer has been a really great season for the Toronto market. Sales were on the rise as many buyers decided to get into the market when effects of the new mortgage rules started to wear off. 

For June and July, many realtors experienced a very busy summer after months of slumber. August wasn't any …

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 …