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]

GTA Housing Sales Down 22.2% In May.

Tuesday Jun 05th, 2018

Share

Source: TREB. Better Dwelling. Greater Toronto Average Sale Prices Decline Over 6% TREB reported an average sale price of $805,320 in May, a 6.6% decline year over year. This is higher than the 12.37% seen the month before, but it is light years away from last year’s 14.9% gain. Not unlike median prices, average sale prices aren’t great for figuring out how much you’ll pay. They’re a better indication of dollar volume, upgrade flow, and who’s... [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]

Selling a home is very different from buying a home.

Wednesday Jan 10th, 2018

Share

  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

Share

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]

READ MORE