Loading...

December 2019 Toronto Real Estate Market Report

Tuesday Jan 07th, 2020

Share
December 2019

Toronto Real Estate Board Reported December 2019 sales were up by 17.4 per cent year-over-year to 4,399 for GTA. Total sales for 2019 amounted to 87,825 up by 12.6 per cent compared to the decade low 78,015 sales reported in 2018. The number of new listings entered into TREB's MLS® System was down by 2.4 per cent year-over-year. The MLS® Home Price Index Composite Benchmark was up by 7.3 per cent on a year-over-year basis in December... [read more]

Double Digit Decline From Same Time Last Year

Thursday May 03rd, 2018

Share

Toronto Real Estate Board reported 7,792 transactions in April 2018 a 32.1% decline from the same time last year 2017 with 11,468 transactions were completed. Researchers believe April 2017 may have been the peak of the market as activity was soaring just before the new rules to cool the markets with vacant property taxes and non-resident speculation tax. Home prices declined much larger on a year-over-year basis. The average home fell by 12.4% from last year April to $804.584. Sales... [read more]

Market Stats For January 2018

Tuesday Feb 06th, 2018

Share

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]

Interest Rate Hike for 3rd Time Since Last Summer

Wednesday Jan 17th, 2018

Share

The Bank of Canada raised its key interest rates to 1.25%. The bank’s rate has an impact on rates that Canadians get from retail banks for things like mortgages, saving accounts and GICs. The bank of Canada now expects Canada’s economy to grow by 2.2% this year and 1.6% in 2019. Previously the bank’s expectations were 2.1% and 1.5% growth for next year 2019. What does this mean for a homeowner today with a $300,000 mortgage and 25-years Amortization. $300,000 25 yrs... [read more]

RBC, TD, CIBC RATE HIKES

Monday Jan 15th, 2018

Share

The Royal Bank of Canada raised its posted rate for a five-year, fixed-rate mortgage by 15 points to 5.14%, and TD also matched The Royal Bank’s new rate. CIBC’s five-year posted rate had been at 4.89% and when The Royal Bank and TD raised to 5.14%  CIBC hiked its five-year rate to 4.99% so that’s three of Canada’s biggest banks who have hiked the rate. Scotiabank is reviewing its rates and most likely will make changes. The Bank of Canada will announce the next... [read more]

READ MORE