Toronto Real Estate Blog

Toronto Vacant Home Tax Declaration

Toronto Vacant Home Tax Declaration

As a homeowner in Toronto, it is important to be aware of the new Vacant Home Tax and the importance of completing the declaration before the deadline. Based on the number of calls from clients over the last 30 days, it is clear that there is a significant amount of...

read more
A LOOK BACK AT THE 2022 GTA HOUSING MARKET

A LOOK BACK AT THE 2022 GTA HOUSING MARKET

A LOOK BACK AT THE 2022 GTA HOUSING MARKET TORONTO, ONTARIO, January 5, 2023 – The Greater Toronto Area (GTA) housing market experienced a marked adjustment in 2022 compared to record levels in 2021. Existing affordability issues brought about by a  lack of housing...

read more
Real Estate Market update for November 2022

Real Estate Market update for November 2022

TORONTO, ONTARIO, December 6, 2022 – Homeownership market activity in November continued to be influenced by the impact of higher borrowing costs on affordability. Sales were down markedly compared to  the same period last year, following the trend that unfolded since...

read more
Real Estate Market Update for October 2022

Real Estate Market Update for October 2022

GTA REALTORS Release October Stats TORONTO, ONTARIO, November 3, 2022 – Despite the continued housing market transition to a higher borrowing cost environment, the average selling price in the Greater Toronto Area (GTA) found some support  near $1.1 million since the...

read more
Real Estate Market Update for September 2022

Real Estate Market Update for September 2022

SUPPLY REMAINS AN ISSUE DESPITE IMPACT OF HIGHER MORTGAGE RATES TORONTO, ONTARIO, October 5, 2022 – The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs in September 2022. Sales for the month reached 5,038, but were down by...

read more
Real Estate Market Update for September 2022

July 2022 Real Estate Market Update

GTA HOME SALES AND LISTINGS TREND DOWNWARDS IN JULY TORONTO, ONTARIO, August 4, 2022 – There were 4,912 home sales reported through the Toronto Regional Real Estate Board (TRREB) MLS® System in July 2022 – down by 47 per cent compared to July 2021.  Following the...

read more
A LOOK BACK AT THE 2022 GTA HOUSING MARKET

June 2022 Real Estate Market Update

TRREB FORECASTS CURRENT MARKET CONDITIONS TO REMAIN OVER SUMMER TORONTO, ONTARIO, July 6, 2022 – Higher borrowing costs continued to impact home sales in June 2022. Sales totaled 6,474 – down by 41 per cent compared to last year’s strong result. The number of...

read more
April, 2022 Real Estate Market Report

April, 2022 Real Estate Market Report

MARKET ADJUSTS TO HIGHER BORROWING COSTS IN APRIL TORONTO, ONTARIO, MAY 4, 2022 – The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs, with the number of transactions down on a monthly and annual basis. As  has been the...

read more
A LOOK BACK AT THE 2022 GTA HOUSING MARKET

March 2022 Real Estate Market Report

TORONTO, ONTARIO, April 5, 2022 – There were almost 11,000 Greater Toronto Area (GTA) home sales reported in March 2022, capping off the third-best March and second-best first quarter on record. Tight market conditions continued to support a double-digit annual pace...

read more
Real Estate Market update for November 2022

January 2022 Real Estate Market Update

January 2022 Home Sales Dip from Last Year’s Record Result The market outlook for 2022 is calling for strong home sales in the Greater Toronto Area (GTA) with the average selling price expected to hit a new record. The latest polling  conducted for the Toronto...

read more
Real Estate Market Update for September 2022

December 2021 Real Estate Market Update

GTA REALTORS® Release December 2021 Stats A record 121,712 sales were reported through TRREB’s MLS® System in 2021 – up 7.7 per cent from the previous 2016 high of 113,040 and up 28 per cent compared to 2020. Record demand last year was up against a constrained supply...

read more
A LOOK BACK AT THE 2022 GTA HOUSING MARKET

November 2021 Real Estate Market Update

GTA HOME SALES HIT NEW NOVEMBER RECORD WHILE LISTINGS DROP TORONTO, ONTARIO, December 3, 2021 – Home sales reached a new record for the month of November, and the average selling price also reached a new all-time high. New listings were down substantially  compared to...

read more
Real Estate Market Update for September 2022

October 2021 Real Estate Market Update

NEAR RECORD HOME SALES, LOW INVENTORY SUSTAIN STRONG PRICE GROWTH TRREB Calls for Housing Solutions as Demand Outweighs Supply TORONTO, ONTARIO, November 3, 2021 – Home sales in the Greater Toronto Area (GTA) reached the second-highest level on record for the month of...

read more
September 2021 Real Estate Market Update

September 2021 Real Estate Market Update

TIGHT GTA HOUSING MARKET CONDITIONS SUSTAIN STRONG PRICE GROWTH TORONTO, ONTARIO, October 5, 2021 – September marked the transition from the slower summer market to the busier fall market in the Greater Toronto Area (GTA). Every year, we generally see an uptick in...

read more
A LOOK BACK AT THE 2022 GTA HOUSING MARKET

August 2021 Real Estate Market Update

GTA HOUSING DEMAND REMAINS STRONG IN AUGUST TORONTO, ONTARIO, September 3, 2021 – The Toronto Regional Real Estate Board (TRREB) is reporting the third-best sales result on record for the month of August. While the market has taken its regular summer  breather, it is...

read more
Real Estate Market update for November 2022

July 2021 Real Estate Market Update

July numbers show strong demand continues for home ownership in GTA TORONTO, ONTARIO, August 5, 2021 – With almost 9,400 sales reported in July 2021, demand for ownership housing remained well-above average for the time of year despite being below the record July...

read more
June 2021 Real Estate Market Update

June 2021 Real Estate Market Update

TORONTO, ONTARIO, July 6, 2021 – June home sales were up compared to last year, but remained below the March 2021 peak and were lower than the number of transactions reported for May 2021, consistent  with the regular seasonal trend. The average selling price in June...

read more
A LOOK BACK AT THE 2022 GTA HOUSING MARKET

May 2021 Real Estate Market Update

TORONTO, ONTARIO, June 3, 2021 – Residential transactions reported through TRREB’s MLS® System remained high in May 2021, but fell short of the 2016 record and were below this year’s March peak. Despite a slight ebb in sales over the last two months, market conditions...

read more
September 2021 Real Estate Market Update

April 2021 Real Estate Market Update

THE PACE OF GTA HOME SALES SLOWS IN APRIL TORONTO, ONTARIO, May 5, 2021 – Home sales in the Greater Toronto Area (GTA) set a new record for April and amounted to more than quadruple that from April 2020 – the first full month of the pandemic. Bucking the regular...

read more
Q1 GTA CONDO SALES RISE SUBSTANTIALLY

Q1 GTA CONDO SALES RISE SUBSTANTIALLY

TORONTO, ONTARIO, April 22, 2021 – Year-over-year growth in first quarter 2021 condominium apartment sales well outstripped growth in listings over the same period in the Greater Toronto Area (GTA). With  market conditions tightening, average condo prices for Q1 2021...

read more
Real Estate Market Update for September 2022

March 2021 Real Estate Market Update

CONSUMER CONFIDENCE AND LOW INTEREST RATES DRIVE UP HOMES SALES IN GTA  TORONTO, ONTARIO, April 6, 2021 - For the third straight month of 2021, record home sales continued in March across the Greater Toronto Area (GTA) with buyers taking advantage of favourable...

read more
Real Estate Market update for November 2022

February 2021 Real Estate Market Update

GTA REALTORS® Release February 2021 Stats Record home sales in the Greater Toronto Area (GTA) continued in February as buyers remained confident in their employment situations and took advantage of ultra-low borrowing costs. With multiple buyers continuing to compete...

read more
September 2021 Real Estate Market Update

January 2021 Real Estate Market Update

GTA REALTORS® RELEASE JANUARY 2021 STATS January 2021 home sales amounted to 6,928 – up by more than 50 per cent compared to January 2020. This strong start to 2021 included sales growth across all major segments including condominium apartments, both in the City of...

read more
June 2021 Real Estate Market Update

December 2020 Real Estate Market Update

RECORD DECEMBER HOME RESALES AND NEW RECORD IN 2020 AVERAGE SELLING PRICE TORONTO, ONTARIO, January 6, 2021 – Despite an unprecedented year due to COVID-19, including necessary public health restrictions and uncertainty surrounding the economy, Greater Toronto Area...

read more
Real Estate Market Update for September 2022

November 2020 Real Estate Market Update

TRREB Reports Strong November Single-Family Home Resales in the GTA Condo Market More Balanced With More Choice and Lower Selling Prices TORONTO, ONTARIO, December 3, 2020 – The record pace of home sales in the fall continued with 8,766 sales reported in November by...

read more
Real Estate Market update for November 2022

October Real Estate Market Report

GTA REALTORS® Release October Stats Home sales in the Greater Toronto Area (GTA) were up again year-over-year for the fourth month in a row. Our Members made 10,563 sales as reported through the Toronto Regional Real Estate Board’s MLS® System in October 2020. This...

read more
September 2021 Real Estate Market Update

September 2020 Real Estate Market Update

TORONTO REGIONAL REAL ESTATE BOARD RELEASES RESALE HOUSING REPORT TORONTO, ONTARIO, October 6, 2020 – Toronto Regional Real Estate Board President Lisa Patel announced that sales reported through TRREB’s MLS® System by Greater Toronto Area REALTORS® amounted to 11,083...

read more
Real Estate Market Update for September 2022

August 2020 Real Estate Market Report

GTA REALTORS® Release August Stats Toronto Regional Real Estate Board (TRREB) President Lisa Patel announced that the strong rebound in Greater Toronto Area (GTA) home sales continued with a record result for the month of August. GTA REALTORS® reported 10,775...

read more
July 2020 Real Estate Market Update

July 2020 Real Estate Market Update

TORONTO REGIONAL REAL ESTATE BOARD RELEASES JULY RESALE HOUSING REPORT TORONTO, ONTARIO, AUGUST 6, 2020 - Toronto Regional Real Estate Board President Lisa Patel announces that Greater Toronto Area REALTORS® reported 11,081 sales through TRREB’s MLS® System in July...

read more
Real Estate Market Update for September 2022

June 2020 Real Estate Market Update

TORONTO, ONTARIO, July 7, 2020 – Toronto Regional Real Estate Board President Lisa Patel announced that Greater Toronto Area REALTORS® reported 8,701 sales through TRREB’s MLS® System in June 2020. This result represented a very substantial increase over the May 2020...

read more
Real Estate Market update for November 2022

May 2020 Real Estate Market update

TORONTO, ONTARIO, June 3, 2020 – Toronto Regional Real Estate Board President Michael Collins released the following key housing market statistics for May 2020: TRREB MLS® System Sales and New Listings • Greater Toronto Area REALTORS® reported 4,606 sales through...

read more
September 2021 Real Estate Market Update

April 2020 Market Report

TORONTO, ONTARIO, May 5, 2020 – Toronto Regional Real Estate Board President Michael Collins released the following key housing market statistics for April 2020: Home Sales and Listings Greater Toronto Area REALTORS® reported 2,975 residential transactions through...

read more

Bank Mortgage Insurance or Life Insurance?

I had coffee with an old friend a few weeks ago that I hadn't seen in 24 or 25 years. I had intended to stay in touch, but like most people, life gets complicated with our jobs, children and other commitments, and without the benefit of social media like we have...

read more
September 2021 Real Estate Market Update

December 2019 Real Estate Market Report

TREB RELEASES DECEMBER MARKET FIGURES AS REPORTED BY GTA REALTORS® Toronto, January 7th, 2020 - Toronto Real Estate Board President Michael Collins reported that December 2019 residential sales reported through TREB’s MLS® System by Greater Toronto Area REALTORS® were...

read more
June 2021 Real Estate Market Update

November 2019 Market Report

TORONTO, December 4, 2019 - Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,090 sales through TREB’s MLS® System in November 2019 – a 14.2 per cent increase compared to November 2018. On a GTA-wide basis,...

read more
Real Estate Market update for November 2022

October 2019 Market Report

TORONTO, November 5, 2019 - Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,491 residential sales through TREB’s MLS® System in October 2019. This result represented a 14 per cent increase compared to 7,448...

read more
Real Estate Market update for November 2022

TREB releases September 2019 market report

TORONTO, October 3, 2019 - Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS®  reported 7,825 sales through TREB’s MLS® System in September 2019. This result represented strong year-over-year sales growth of 22 per cent...

read more
September 2021 Real Estate Market Update

TREB releases August 2019 market figures

TORONTO, SEPTEMBER 5, 2019 – Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,711 residential sales through TREB’s MLS® System in August 2019. This result represented a 13.4 per cent increase compared to...

read more
June 2021 Real Estate Market Update

TREB releases July 2019 Market Figures

TORONTO, August 6, 2019 – Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,595 sales through TREB’s MLS® System in July 2019. This result was up by 24.3 per cent compared to July 2018. On a month-over-month...

read more

TREB releases June 2019 market report

TORONTO, July 4, 2019 – The new President of the Toronto Real Estate Board, Michael Collins, announced that Greater Toronto Area REALTORS® reported 8,860 sales through TREB’s MLS® System in June 2019, representing a 10.4 per cent increase compared to June 2018. Over...

read more

TREB releases May 2019 Market Report

TORONTO, ONTARIO, June 5, 2019 –Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 9,989 transactions through TREB’s MLS® System in May 2019. While this result represented a substantial increase of 18.9 per cent...

read more

TREB releases April 2019 market report

TORONTO, ONTARIO, May 6, 2019 – Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported a substantial year-over-year increase in home sales in April 2019. The number of residential transactions jumped by 16.8 per cent to...

read more
March 2019 Real Estate Market Report

March 2019 Real Estate Market Report

TREB RELEASES RESALE MARKET FIGURES AS REPORTED BY GTA REALTORS® TORONTO, ONTARIO, April 3, 2019 – Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 7,187 residential sales through TREB’s MLS® System in March 2019....

read more
March 2019 Real Estate Market Report

February 2019 Real Estate Market Report

TORONTO, ONTARIO, March 5, 2019 – Toronto Real Estate Board President Gurcharan (Garry) Bhaura announced that Greater Toronto Area REALTORS® reported 5,025 homes sold through TREB’s MLS® System  in February 2019. This sales total was down by 2.4 per cent on a...

read more
March 2019 Real Estate Market Report

January 2019 Market Report

TREB President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 4,009 home sales through TREB’s MLS® in January 2019 – up by 0.6 per cent compared to January 2018. On a preliminary seasonally adjusted basis, sales were up by 3.4 per cent compared to...

read more

2018 GTA Home Market Summary

TORONTO, ONTARIO, January 4, 2019 – Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported a total of 77,426 residential transactions through TREB’s MLS® System in 2018. This result represented a 16.1 per cent decline...

read more
March 2019 Real Estate Market Report

Re/Max 2019 Canadian Housing Market Outlook

Modest price increases are expected in 2019, as the RE/MAX 2019 Housing Market Outlook estimates the average price to increase by 1.7 per cent. Housing markets across the country have stabilized in 2018, after the unprecedented increases in average prices that many...

read more
March 2019 Real Estate Market Report

GTA November 2018 Real Estate Market Report

TORONTO, ONTARIO, December 5, 2018 – Toronto Real Estate Board President Garry Bhaura announced the continuation of moderate price growth in November 2018 compared to November 2017. The MLS® Home Price Index (HPI) Composite Benchmark was up by 2.7 per cent...

read more

Residential Market Numbers for October, 2018

Greater Toronto, November 5, 2018 – Greater Toronto Area REALTORS® reported 7,492 sales through TREB’s MLS® System in October 2018 – a six per cent increase compared to October 2017. On a preliminary seasonally adjusted basis, sales were down by one per cent compared...

read more

Stop Paying Your Landlord’s Mortgage

With home prices rising, many first time home buyers are finding it difficult to buy, and some have even resigned to being tenants indefinitely. Buying a condo or a townhouse is certainly a great option, but what if you prefer a house with a back yard in a...

read more

Residential Market Numbers for September, 2018

Greater Toronto, October 3, 2018 – Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 6,455 sales through TREB’s MLS® System in September 2018 – up 1.9 per cent compared to September 2017. The average selling price...

read more

Commercial Market figures for September, 2018

TORONTO, ONTARIO, October 5, 2018 – Toronto Real Estate Board President Garry Bhaura announced commercial leasing and sales statistics reported through TREB’s MLS® System during the third quarter of 2018. TREB Commercial Network Members reported nearly seven million...

read more

August 2018 Toronto Housing Numbers

TORONTO, ONTARIO, September 6, 2018 – Toronto Real Estate Board President Garry Bhaura announced sales and price increases on a year-over-year basis in August. Greater Toronto Area REALTORS® reported 6,839 sales through TREB’s MLS® System in August 2018 – an 8.5 per...

read more

August 2018 Commercial Market Figures

  TORONTO, ONTARIO, September 6, 2018 – Toronto Real Estate Board President Garry Bhaura announced that TREB Commercial Network Members reported over 275,000 square feet of leased space, in transactions undertaken on a per square foot net basis with pricing...

read more

Highlights of the 2018 Federal Budget

March 5, 2018 -- Finance Minister Bill Morneau tabled the 2018 federal budget on Tuesday, February 27. Below is a summary, as provided by CREA. 2018 Federal Budget  The 2018 Federal Budget was tabled earlier today with a focus on gender equality, Pharmacare, improved...

read more

Pin It on Pinterest