Market Stats For January 2018

Tuesday Feb 06th, 2018


Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 4,019 residential transactions through TREB's MLS® System in January 2018. This result was down by 22 per cent compared to a record 5,155 sales reported in January 2017. The number of new listings entered into TREB's MLS® System amounted to 8,585  a 17.4% increase compared to 7,314 new listings entered in January 2017. However, it is important to note that the level of new listings... [read more]

Selling a home is very different from buying a home.

Wednesday Jan 10th, 2018


  Buying a home generally involves feelings and emotions and selling a home is all about maximizing the potential profit. I would like to help you and your family by providing you a few tips on how to maximize the profits when selling your home. Price your home according to the current market conditions and for this, you should hire a reputable real estate agent who works in your neighborhood. Your agent will analyze a comparative market analysis also called CMA this will help you... [read more]

December Sales Down 18%

Tuesday Jan 09th, 2018


December Sales Down 18% Toronto real estate board reported 92,394 homes sold in December 2017 down 18.3% from same time last year 2016.President of Toronto Real Estate Board said in a statement that the government’s decisions play a significant rule in bringing the sales down by 18.3%. TREB’s research shows that foreign home buying was not a major drive of sales in the GTA. However, the Fair Housing Plan with a 15% tax on non-resident purchase of homes, was introduced in April... [read more]

Builders Slowed The Pace Of New Projects

Wednesday Nov 29th, 2017


Builders slowed the pace of new project construction amid market uncertainty. Canada Mortgage and Housing Corporation reported 2,438 units were launched in the GTA in October down 42% from 4,204 units from same month last year, and 21% down from September of this this year. This low inventory affected all housing types, single-family detached home down 44% in the Greater Toronto Area in October from same time last year, while condominium down 52% as fewer new projects launched compared with... [read more]