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Market Watch

Robust Sales and Price Growth in February – Market Watch

Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 6,338 home sales through the TorontoMLS system in February 2015. This result represented a substantial 11.3 per cent year-over-year increase compared to February 2014. Large annual increases in transactions were noted for most major home types, in the City of Toronto and surrounding GTA regions. “Even ... Read More »

Market Watch – August 2014

VIDEO COMING SOON Toronto Real Estate Board President Paul Etherington reported 7,600 sales through the TorontoMLS system in August 2014. This result was up by 2.8 per cent compared to 7,391 transactions reported in August 2013. Year-to-date sales through the end of August amounted to 65,454, which represented an increase of 6.5 per cent compared to the same period in ... Read More »

Luxury homes in Canada on the rise!

Canada’s luxury home market on a clear, upward trajectory, marked by record sales in most major centres in 2013, says RE/MAX Accelerated demand pushing five-year growth rates into double and triple-digit territory Mississauga, ON (January 28, 2014) — Significant gains at the top end of the country’s housing market continued to demonstrate the overall strength of Canadian real estate in ... Read More »

Market Watch October 2013

November 6, 2013 — Greater Toronto Area REALTORS® reported 8,000 home sales through the TorontoMLS system in October 2013 – up from 6,713 transactions reported in October 2012. Over the same period, new listings on the TorontoMLS system were down. “The GTA home ownership market has been broadly characterized by a rebound in sales since the summer. Market conditions have ... Read More »

The Canadian Housing Market, May 2013 Results

Investment in New Housing Breaking an upward trend, investments made in new housing developments fell short $90,300 in May, as opposed to the preceding 4-months on the rise. Dwellings considered in this report include: singles, doubles, rows, and apartments. Investments in single units suffered the largest loss in May, down $76,268. Luckily, a substantial jump was seen in rowhouse (+$15,479) ... Read More »

BMO Report Reveals One-Fifth of First-Time Home Buyers Choose to Wait

One day before the anniversary of Jim Flaherty’s government-insured mortgage rule adjustment, the Bank of Montreal issued a report that illustrates the impact these changes have had on first-time home buyers in Canada over the past year. The new rules — first introduced July 9th, 2012 — reduced the maximum amortization period to 25 years and lowered how much Canadians ... Read More »

Honest Ed’s $100M Bargain Price-Tag

Since 1948, Honest Ed’s has been one of the city’s most cherished discount-retailers, selling an eclectic mix of goods at a fair price. It is a famous landmark for the Annex that attracts thousands of  people daily, making it a strong contributor to Bloor and Bathurst’s thriving commercial district. For this reason, Torontonians are distraught to hear that the retail ... Read More »

2013 Q2 Real Estate Market Watch: “Tight” Conditions Ahead For Toronto

The International Monetary Fund has revised their projections from earlier this year, stating now that the Canadian economy may grow 1.7% by year’s end; an increase of two-tenths in light of a strong first quarter at 2.5%. Looking further ahead, the IMF also predicts that the economy will expand 2.2% in 2014, which is two-tenths below their initial forecast in ... Read More »

Proposal to Increase Toronto’s Condo Development Fees by 90%

Many home-buyers feel as if the proposal to increase Toronto’s condo development fee is absurd; some developers even believe doubling charges would be “insane”. Regardless of opinion, condo-buyers can expect permit values to rise to $23,000 for a two-bedroom — $12,400 above current rates — if Toronto’s executive committee adopts the proposal. Since Toronto’s condo development fees are the lowest ... Read More »

Rob Ford Asks Realtors to Support Land Transfer Tax Reductions

According to Mayor Rob Ford, our city councillors are addicted to the money Toronto’s land transfer tax generates. During the course of a 17-minute speech, Ford requested the help of Toronto realtors in reducing the city’s land transfer tax by 10%. This first step towards eliminating land transfer tax all together is an important political move for Ford, as this is an ... Read More »