In its first release since Ontario’s new housing plan, TREB releases Toronto market stats and provides update on influence of foreign buyers and short-term speculators. A total of 11,630 homes were sold in the GTA in April, down 3.2% year-over-year. New listings, meanwhile, were up 33.6%, according to the Toronto Real Estate Board. "The fact that we experienced extremely strong growth in new listings in April means that buyers benefitted from considerably more choice in... [read more]

The average sale price of detached homes in the Greater Toronto Area continued to soar last month, hitting a new record high as prices climbed in suburban communities surrounding Toronto. The Toronto Real Estate Board (TREB) reported Wednesday that the average detached house in the GTA sold for $1,214,422 last month, up 33.4 per cent from $910,375 in March last year. Coming weeks before Ontario is expected to unveil its spring budget, the March sales numbers will almost certainly add fuel... [read more]

  There’s been a sharp rise in the number of homes sold for more than $1 million in the Greater Toronto Area. In the first two months of 2017 there were 2,876 such sales, up from 1,548 in the same period of 2016, Sotheby’s International Realty Canada reports. The firm’s CEO Brad Henderson says that buyers feel confident in paying high prices due to the stronger economy and low interest rates. But he is yet another cautious voice on the issue of a foreign... [read more]

The most recent mortgage rule changes inadvertently punished a massive chunk of would-be homebuyers, and the government has seemed tone deaf in understanding those implications. But it seems buyers – and, indeed, the housing industry – has one government official on their team. “As a member of the finance committee, one of the duties we perform is to hear from expert witnesses and industry stakeholders on how newly announced or changed finance regulations can impact... [read more]

Are you looking to update your home in 2017? A visit to the National Home Show is just the ticket - and we have a special offer to our clients both past and new.   Buy 2 tickets for the price of 1 ($20 savings). These are VIP Tickets allowing special entrance and complimentary coatcheck.  You get Front of the Line access to The Dream Home and front row seating at the Main and Idea stages! The Show Runs March 10 - 19  you can also visit Canada Blooms at the... [read more]