Tag Archive for Tag: Toronto Condo Price Growth

Tag: Toronto Condo Price Growth 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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Tag: Toronto Condo Price Growth 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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Tag: Toronto Condo Price Growth 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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Tag: Toronto Condo Price Growth Toronto Real Estate TREB Published April, 2019 Resale Market Figures

  Toronto Real Estate TREB Published April, 2019 Resale Market Figures   TREB announced that the 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 9,042 compared to 7,744 in April 2018. On a preliminary seasonally adjusted basis, sales were up 11.3 per cent compared to March 2019.   New listings were also up year-over-year by eight per cent. However, the annual growth rate for new listings was much lower than that reported number for sales. This suggests that market conditions continued to

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Tag: Toronto Condo Price Growth Toronto Real Estate TREB Published March, 2019 Resale Market Figures

    Toronto Real Estate TREB Published March, 2019 Resale Market Figures   Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 7,187 residential sales through TREB’s MLS® System in March 2019. This result was close to 7,188 sales reported in March 2018. For the first quarter of 2019, sales were down by one per cent (1%) compared to Q1 2018.   The ‘OSFI stress test’ has an impact as to home buyers’ ability to qualify for a mortgage. TREB is still arguing that the stress test provisions and mortgage lending guidelines generally, including allowable amortization periods for

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Tag: Toronto Condo Price Growth Toronto area home sales declined to 10-year low in 2018 and number of listings down

  Toronto area home sales declined to 10-year low in 2018 and number of listings down.   Home sales in Toronto and the surrounding GTA area fell to a 10-year low in 2018, as the number of new listings coming to the market declined and home buyers and sellers faced with a new reality of higher interest rates and stricter mortgage rules including mortgage stress tests.   The Toronto Real Estate Board (TREB) says there were 77,426 residential transactions recorded through its Multiple Listing Service (MLS) system in 2018, down 16.1 per cent from 92,263 sales in 2017. The last time sales were lower than this

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Tag: Toronto Condo Price Growth Toronto’s steaming condo market slows down in 1st quarter, 2018

  Toronto’s heated condo market looses some steam due to the growing development costs and some of the condo project cancellations. They have produced some caution into Toronto’s hot condo market, and with more project terminations likely yet to come, comments Urbanation, the development research company. Urbanation found that new Toronto condo launch prices went up 23 per cent year over year at the end of the 1st quarter, 2018. Even with a really large number of condo development projects that were launched in 2017, about 53 condo developments projects with nearly 14,000 units that still had not begun construction.   It’

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Tag: Toronto Condo Price Growth Toronto Condo owners had large capital gains and about half are in negative cash flow

  Toronto Condo owners had large capital gains. Close to 50 per cent of all investors who bought condominiums completed in the Toronto area in 2017 are not making enough rent to cover their carrying costs, despite finding exceptional gains on the value of their properties, a new study reports.   Close to 44 per cent of investors who took possession of new units in 2017 were in negative cash flow — that is their rental income was lower than the amount needed to cover their mortgage payments and condominium fees, according to the study by CIBC and Urbanation, a

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Tag: Toronto Condo Price Growth Toronto house prices dip in May, 2017 but tight supply keeps prices up

  Toronto region home prices dipped slightly from April to May — down $55,604 on average — but were still 15 per cent higher than May 2016, as the supply of resale house and condo listings rose 43 per cent of the same time over year. The average house price last month was $863,910 — $111,810 more than last May, 2016 when the homes and condos averaged $752,100 — according to month-end statistics from the Toronto Real Estate Board( TREB) being released. That is a 29 per-cent gain on the board’s benchmark price index. The benchmark figure takes into account

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Tag: Toronto Condo Price Growth Toronto area home sales drop in May, 2017 after cooling measures

  House sales fell 26 per cent in the Toronto region in May, 2017 following the Ontario government’s introduction of a foreign-buyer’s tax as many potential purchasers stepped back and waited to assess the market condotion. In the 30 days after the province of Ontario announced the immediate introduction of a 15 -per-cent foreign-buyer’s excise on April 20, 2017, the number of houses sold in the Greater Toronto Area fell 26 per cent compared with the same period last year, according to data compiled by Toronto realtor John Pasalis. Communities north of Toronto ascertained the greatest declines between April 20 and May

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