Toronto Real Estate News

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

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 …

What to Buy: Differences Between Condos and Townhouses

What to Buy: Differences Between Condos and Townhouses

With Toronto housing prices skyrocketing and a lack of available choices in practical location, many residents are choosing to forgo the traditional four-bedroom, two-bath home and seek alternatives. Affordability and luxury are not mutually exclusive when it comes to Toronto condos and townhouses—and whether you choose to buy in pre-construction or opt for a pre-owned …

Toronto February 2018 Market Report: Sales and prices down

Toronto February 2018 Market Report: Sales and prices down

Both sales and prices are falling in Toronto when it comes to real estate, there’s no denying it. Detached home segment apparently reached its peak price and it started to decline. This segment recorded a 17.2 per cent decline in prices year-over-year. It seems that many more young families are shifting their attention toward condos. …

Why Should  You Invest in a Condo Inspection?

Why Should You Invest in a Condo Inspection?

Buying a condo can be one of the most exciting purchases. For many people, investing in this kind of asset can signify a move forward—into adult independence, freedom, and the next stage of life. But if you are unprepared, you can easily become caught off guard by some surprising and disturbing deficiencies that will cost …

Top 15 Canadian Real Estate Blogs in 2017

Top 15 Canadian Real Estate Blogs in 2017

2017 was a tough year for everybody trying to navigate the Canadian market. With many changes, downfalls and climbs, even many new realtors struggled and searched for good advice on the internet. That's where Canadian Real Estate Blogs played a big role in reporting the changes on the market, explaining in great detail many topics …

Toronto December 2017 Market Report: What Will New Policies Bring in 2018

Toronto December 2017 Market Report: What Will New Policies Bring in 2018

Upon entering 2017, we had no idea about the roller coaster market we were about to experience over the course of one year. The record sales that were prominent at the beginning of the year were swiftly stopped by Ontario Fair Housing Plan coming into effect back in April. At the end of the year, …

The Impact of New Mortgage Rules on Toronto’s Condo Market

The Impact of New Mortgage Rules on Toronto’s Condo Market

The new mortgage rules coming to Canada January 1st are expected to shake up the housing market, and that effect will likely have a big impact on Toronto’s condominium market as well.

Photo by Jason Paris The stress test and what's it all about

The minimum down payment in Canada is 5 percent, while down …