Toronto Real Estate News

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

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 …

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 …

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 …