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Tag Archives: Toronto Real Estate Board

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 …

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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 …

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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 …

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Vote for Addy Saeed – Toronto Real Estate Board Commercial Division Councillor

I’m Addy Saeed with Re/max Active Realty in Mississauga and I’m pleased to announce that I’ve been nominated to run as Councilor for Toronto Real Estate Board’s Commercial Division for the year 2013/2014. Let me tell you a bit about myself. I have an educational background in Business and Information systems and have worked for companies such as Siemens and …

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The Condominium Act Review: Stage Two

Considering condos amassed to nearly one half of the homes built in 2012, and that over 1.3-million Ontarians claim to be condo-owners, it is not a surprise that efforts to modernize the Condominium Act of 1998 are underway. Currently, we are in the middle of Stage Two of a three-tier collaborative, public engagement process, designed to amend parameters of the old …

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The Competition Tribunal Has Come to a Decision

On Tuesday, the TorontoMLS posted a news release stating the Competition Tribunal has dismissed the case against the Toronto Real Estate Board.  It’s reported that the Competition Bureau has lost due to a technicality, that the complaint filed back in May of 2011 should have been filed under a different section of the Competition Act. Since it had been an …

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Zoocasa Applies for a Brokerage Licence

Brokerage License - Zoocasa

What Will Zoocasa Do with a Brokerage License? Gearing-up for their big re-launch in May, Zoocasa has moved forward with their plans to become Canada’s next big online brokerage.  The Rogers-affiliate, known popularly as a website that publishes Canadian real estate market information, quietly applied to the Real Estate Council of Ontario earlier this year and only now admits to …

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TREB’s Economic Commentary for Summer 2012

“TREB produces regular economic commentaries based on recurring data releases from organizations including Statistics Canada, the Bank of Canada, CMHC and various US agencies. These commentaries are written by Jason Mercer, TREB’s Senior Manager of Market Analysis, and include a summary of the release and an analysis related to the real estate sector in the GTA. Members can use these …

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Q2 Commercial Division Report 2012

Summary of TREB’s Second Quarter Commercial Division Report: – 3.5 million square feet of total leased space in Q2 2012 – a decline of 22% compared to 4.4 million leased square feet in Q2 2011 – Spaces leased were down, but average lease rates were up for industrial, commercial/retail and office – Industrial properties accounted for almost 80% of total …

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Second-Best Year on Record for Sales – Market Update

January 5, 2012 — Greater Toronto REALTORS® reported 4,718 transactions through the TorontoMLS® system in December 2011. The December result capped off the second-best year on record under the current Toronto Real Estate Board (TREB) boundaries. Total sales for 2011 amounted to 89,347 – up four per cent in comparison to 2010. “Low borrowing costs kept Buyers confident in their …

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