Blog Articles

Tuesday, Apr 17, 2018

This housing price index shows that the Canadian housing market is on its way to balancing out

This housing price index shows that the Canadian housing market is on its way to balancing out Sarah Niedoba Apr 12, 2018     Photo: James Bombales A major index tracking Canadian home prices flattened out in March and, according to one economist, it could be a sign that the housing market is finally balancing out. The Teranet-National Bank Composite Na ...

Tuesday, Feb 13, 2018

As Canada's new mortgage rules impact home buying, here's where industry experts think prices are headed

By:  Kerrisa Wilson Feb 10, 2018     Photo: James Bombales Canadian home prices have been climbing for years, but with the introduction of new mortgage rules and January’s Bank of Canada rate hike, will prices continue to rise in 2018? According to some industry experts, the answer is they likely will. In Canada’s hottest housing market ...

Wednesday, Jan 31, 2018

Real estate board predicts flat prices and sales this year

The board based the forecast on consumer research showing fewer people, particularly first-time buyers, anticipate a home purchase this year.     By TESS KALINOWSKIReal Estate Reporter Tues., Jan. 30, 2018   The Toronto Real Estate Board (TREB) has declared the rollicking real estate ride of the last two years to be ...

Thursday, Oct 12, 2017

It's now a good time to buy a house in Toronto

      The dream of owning a house in Toronto — let alone a detached one — is still far fetched for many, but it's at least come back from the realm of pure fantasy over the last few months.  Toronto's detached housing inventory is currently experiencing a huge surplus, and some analysts think that prices ...

Wednesday, Jul 12, 2017

Like a roller coaster, it was a ride that went way up and then way down.

The good news is the Greater Toronto Area’s housing prices and sales overall are still up. The bad news: no one knows how this market will settle itself, now that the wild ride is over. But the Toronto Real Estate Board told us Thursday housing sales actually dropped more than 37% over June of last year. “We are in a period of flux that often follows major government policy ...

Monday, May 15, 2017

Be prepared for Canadian mortgage rates close to 5% by 2019: report

  Josh Sherman Photo: James Bombales It’s very unlikely mortgage rates will “skyrocket” in the coming years, says Desjardins, but in a recent report the credit union suggests borrowers brace for rates nearer 5 per cent by 2019. “A widespread increase in interest rates is to be expected over the next few years if the economic expansion continues in North America,&rd ...

Thursday, May 04, 2017

11 stats you should know about the Toronto housing market from April 2017

April was an interesting time to be a housing market observer in the GTA. Just as many had speculated, provincial government introduced a bevy of new measures aimed at stabilizing segments of the Ontario residential real estate market that it believes are overheating. In total, 16 measures were introduced by the Wynne government under its Fair Housing Plan. Panned by some and lauded by others, it ...

Wednesday, Feb 01, 2017

Average price of Toronto home expected to increase by $100K this year

The Toronto real estate market just keeps rolling like a runaway train. Coming off a record-setting 2016, more of the same is in store this year. According to the Toronto Real Estate Board (TREB), the average price of a Toronto home is expected to increase from approximately $730,000 to $825,000 over the course of 2017. The rate of increase could be even higher for detached homes, for whic ...

Thursday, Jan 26, 2017

Toronto and Victoria upward spiral driven by foreign money - BMO by Ephraim Vecina | Jan 26, 2017

An influx of foreign buyers is mainly responsible for the sharp upward spike in Toronto and Victoria residential real estate prices, according to the Bank of Montreal.   “We have enough history now to distinguish the clear divergence between Vancouver (down) and Toronto (still straight up),” BMO chief economist Douglas Porter wrote in a January 24 client note.   In particular ...

Thursday, Oct 20, 2016

Foreign investors home in on Toronto real estate after BC’s tax measure, chart suggests

Foreign investors home in on Toronto real estate after BC’s tax measure, chart suggests Josh Sherman Oct 19, 2016 22Shares   Photo: Thomas Jordan/Flickr Some observers have speculated that foreign investors will turn to Toronto’s real estate market after BC tacked a 15-per-cent tax on all non-residents purchasing homes in Metro Vancouver. Recently, an ...

Wednesday, Sep 21, 2016

Top Tips for First-Time Home Buyers

Top Tips for First-Time Home Buyers TREB Wire > Uncategorized > Top Tips for First-Time Home Buyers September 20, 2016UncategorizedFirst-Time Buyer, Home, Mortgage, Real Estate, REALTOR, TREB By Larry Cerqua, TREB President Buying your first home is exciting, but can feel a bit scary. Owning your home may represent a new chapter in your life and, for most peop ...

Thursday, Sep 08, 2016

Toronto home sales up 23.5 per cent in August, realtors vow to study foreign investors

Toronto housing prices soared again in August and while doubts remain about the presence of foreign buyers in the country’s largest housing market, realtors are pushing ahead to study the issue. The Toronto Real Estate Board said Wednesday it will be releasing “third-party research” in the coming months as it looks at supply issues in the metro area — a move that comes as ...

Tuesday, Aug 09, 2016

Toronto's red-hot real estate market could get even hotter as foreign nationals looking to dodge a new 15 per cent tax on properties in Vancouver seek new places to invest, realtors say.

Toronto's red-hot real estate market could get even hotter as foreign nationals looking to dodge a new 15 per cent tax on properties in Vancouver seek new places to invest, realtors say.   The tax, which takes effect Tuesday, was introduced by the British Columbia government with the intent of improving home affordability in Metro Vancouver, where house prices are among the highest in North ...

Monday, Jul 25, 2016

Toronto, Vancouver Home Prices WILL FALL As Mortgage Rates Creep Up: TD Bank

Mark your calendar, because a major bank has set a date for Vancouver and Toronto real estate to cool off, if only a little bit.  TD Economics issued its quarterly economic forecast on Thursday, and it has some promising news for anyone who hopes to see housing slow down in those cities in the near future.  The bank said the twin factors of affordability and higher borrowing costs coul ...

Friday, Jul 15, 2016

GTA house prices will keep rising: Report

BY MARYAM SHAH, TORONTO SUN FIRST POSTED: WEDNESDAY, JULY 13, 2016 01:34 PM EDT House prices in the Greater Toronto Area aren’t poised to come down any time soon. Realtor Royal LePage released a report on Wednesday that detailed the gains in home prices in some markets across the country. In the Greater Toronto Area, the agency found the aggregate price of a home went up b ...

Thursday, Jun 30, 2016

How to Stage & Prepare Your Home to Sell Quickly - on a Budget!

By Alexandra Carlin Team Manager, Century 21 Percy Fulton    The Toronto and GTA Real Estate market has been a strong seller’s market for quite some time now. It’s important that Seller’s take advantage of the state of the market and best prepare their home to the best of their ability so it sell’s quickly. As per a survey by Joy Valentine of Coldwell Banker, i ...

Wednesday, Jun 01, 2016

What Will Toronto's Real Estate Future Hold?

Where is the Toronto Market heading?   The GTA’s notorious bidding wars, bullies and incredible offers drove the region’s real estate market to a new high water-mark for the first quarter of 2016. No doubt you have heard about the soaring housing prices and about some of the jaw-dropping stories circling the internet, but just how much crazier could this market get?   Fi ...

Friday, May 06, 2016

HOW TO BEST HANDLE MULTIPLE OFFERS WHEN YOU ARE THE SELLER

Written By Sano Stante Real Estate Group   After buyers have time to reflect upon the situation, they often get cold feet sensing they were pressured or paid too much. To minimize the fallout and improve your chances of success here are a few tips on how to best handle multiple offers when you are the seller.   It’s the sellers’ house, and it’s the sellers’ ...

Tuesday, Apr 26, 2016

Canada's Hottest Housing Markets Driven By 'FOMO'

Written by Daniel Tencer Via The Huffington Post Canada   Many would-be homebuyers in Canada’s hottest urban markets are rushing in to buy homes without knowing whether their finances can handle it, a new survey suggests. Nearly one in five respondents in the survey from TD Canada Trust showed signs of “FOMO,” or “fear of missing out” on the large price gains ...

Saturday, Apr 23, 2016

"Landlording" is a Business, Not Your Hobby!

By Alexandra Carlin, Team Manager @ The Tom Joseph Team Century 21 Percy Fulton Ltd., Brokerage   Treat “landlording” as a business, not a hobby. This is a common mistake many landlords make leading to their lack of success in Real Estate investing. Landlording requires the organized systems and processes that any business would enforce. Those in the Landlording business need t ...

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