Category: Toronto Buyer Posts

Category: Toronto Buyer Posts Toronto Real Estate TREB Published October, 2019 Resale Market Figures

  Toronto Real Estate TREB Published October, 2019 Resale Market Figures   Toronto Real Estate Board 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 sales reported in October 2018. GTA-wide, sales were up on a year-over-year basis for all major home types.   “A strong regional economy obviously fuels population growth. All of these new households need a place to live and many have the goal of purchasing a home. The problem is that the supply of available listings is

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Category: Toronto Buyer Posts Six ways your family finances will change after Liberal election win

  Six ways your family finances will change after Liberal election win   Lower taxes for majority earners, but not for high-earners   The basic personal amount, which is what you can earn without paying taxes, will rise by close to $2,000 over the next four years to $15,000. The average family will ultimately save $600 from this tax cut, while high-earning families save nothing. You fully benefit from this measure if you make less than $150,605 and it gets eliminated entirely at $214,557. The overall level of tax relief from this measure sounds modest,   A break for university

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Category: Toronto Buyer Posts Toronto Real Estate TREB Published September, 2019 Resale Market Figures

  Toronto Real Estate TREB Published September, 2019 Resale Market Figures   Toronto Real Estate Board published 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 compared to 6,414 sales reported in September 2018. It is important to note, however, that sales remain well-below the record September 2016 peak of more than 9,800 sales.   On a preliminary seasonally adjusted basis, the September 2019 sales level remained in virtually the same as the August 2019 result.   The supply of listings continued to

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Category: Toronto Buyer Posts Vancouver’s Housing Market is Gloomy – Yet Unaffordable For Household Incomes Of $120,000 Yearly

  Vancouver’s Housing Market is Gloomy – Yet Unaffordable For Household Incomes Of $120,000 Yearly   The housing numbers out of Vancouver, once among the world’s hottest real estate markets, are getting more dismal with each passing month.   Sales in April, 2019 were the lowest in 24 years for a month that typically kicks off the busy spring homebuying season. Benchmark prices are down 8.7 per cent from their peak in mid-2018 and the number of homes sitting on the market has ballooned by nearly half, according to the Real Estate Board of Greater Vancouver.   Yet those awaiting

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Category: Toronto Buyer Posts Toronto Real Estate TREB Published August, 2019 Resale Market Figures

  Toronto Real Estate TREB Published August, 2019 Resale Market Figures   Toronto Real Estate Board (TREB) 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 6,797 sales reported in August, 2018. On a month-over-month basis, after preliminary seasonal adjustment, sales were up by 0.8 per cent.   “GTA-wide sales were up on a year-over-year basis for all major market segments, with annual rates of sales growth strongest for low-rise home types including detached houses. This reflects the fact

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Category: Toronto Buyer Posts A Toronto Home Makes A Great Long Term Investment

  A Toronto Home Makes A Great Long Term Investment   Did you know 98% of homeowners continue to say that their most recent home purchase was for them to live in rather than as an investment to rent out? A home is the only investment you can live in while it grows in value.   Please check out this handy infograph below to discover more key statistics surrounding home ownership.     TREB created this infograph as a resource to give you a better understanding of how a home is a sound, long-term investment, not only for buyers, but

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Category: Toronto Buyer Posts Toronto Real Estate TREB Published July, 2019 Resale Market Figures

  Toronto Real Estate TREB Published July, 2019 Resale Market Figures   Toronto Real Estate Board (TREB) 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 basis, sales were up by 5.1 per cent, after preliminary seasonal adjustment.   New listings entered into TREB’s MLS® System in July 2019 were up by 3.7 per cent  compared to July 2018 and by a much lesser annual rate than sales, With annual growth in sales far outstripping annual growth in new listings, market conditions clearly

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Category: Toronto Buyer Posts Condo rents decrease in Toronto downtown, Apartment vacancy rate goes up

    The number of newer rental apartments in the GTA that are empty and ready for new tenants is at its highest level since a leading real-estate consulting firm started keeping track in 2015.   According to Urbanation’s survey of purpose-built apartments completed since 2005, the average vacancy rate rose from a low of 0.3 per cent in the second quarter of last year to 1.5 per cent in the second quarter of this year.   The Toronto firm added that the “availability rate” — which includes vacant units as well as occupied units where the tenant has given

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Category: Toronto Buyer Posts Canada Displays Signs of Housing Bubble in 2019, Bloomberg States

  Canada and New Zealand are the most vulnerable economies to a correction in house prices, with Australia and the U.K. also drawing concern, according to new research from Bloomberg Economics.   Seeking to build a “housing bubble dashboard,” economist Niraj Shah studied ratios of house prices to rent and income as well as inflation-adjusted prices and household credit.   The results showed that Canada and New Zealand seem to be on the most unsustainable path, with the cost of housing compared with wages the highest in the world in both countries. Australia, Norway, Sweden and the U.K. also raise

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Category: Toronto Buyer Posts Toronto Real Estate TREB Published June, 2019 Resale Market Figures

  Toronto Real Estate TREB Published June, 2019 Resale Market Figures   Toronto Real Estate Board (TREB) 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 the same time period, total new listings remained at a similar level for the month of June, 2019 and active listings at month-end of June, 2019 were down by 5.7 per cent.   Sales and new listings statistics for the first half of 2019 compared to first half of 2018 painted a similar story to that

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