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Market Stats For January 2018

Tuesday Feb 06th, 2018

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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

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  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

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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

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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]

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