Tag Archive for Tag: Toronto Real Estate Board House Prices

Tag: Toronto Real Estate Board House Prices 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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Tag: Toronto Real Estate Board House Prices 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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Tag: Toronto Real Estate Board House Prices Toronto Real Estate TREB Published May, 2019 Resale Market Figures

    Toronto Real Estate TREB Published May, 2019 Resale Market Figures     Toronto Real Estate Board President announced that Greater Toronto Area REALTORS® reported 9,989 transactions through TREB’s MLS® System in May 2019. This result represented a substantial increase of 18.9 per cent over the 15-year low in May 2018, Please note that the result was still below the average for month of May sales for the previous ten years, which stands at almost 10,300.   The year-over-year uptick in sales experienced so far in the second quarter of 2019 suggests that the share of likely home buyers

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Tag: Toronto Real Estate Board House Prices 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 Real Estate Board House Prices 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 Real Estate Board House Prices 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 Real Estate Board House Prices Toronto Real Estate Home sales in Toronto down in November, 2018 and up in sale prices

  Toronto Real Estate Home sales in Toronto down in November, 2018 and up in sale prices   Toronto remains a seller’s market after home sales across the Greater Toronto Area (GTA) dropped nearly 15% this November, 2018, compared to a year ago.   According to the Toronto Real Estate Board (TREB), there were 6,251 residential transactions recorded through its system last month, a 14.7% drop compared to November last year. On a seasonally adjusted basis, sales were down by 3.4% compared with October 2018.   The average selling price for November was up by 3.5% year-over-year to $788,345, according to TREB. When adjusted seasonally, the

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Tag: Toronto Real Estate Board House Prices Toronto Real Estate Home sales in Toronto up in October, 2018 with increase in sale prices

  Toronto Real Estate Home sales in Toronto up in October, 2018 with increase in sale prices   November 5, 2018 –  TREB October, 2018 Resale Market Watch Report Released.  Toronto Real Estate Board President Garry Bhaura announced year-over-year increases in home sales and average sale prices reported through TREB’s MLS® System in October 2018.   Greater Toronto Area REALTORS® reported 7,492 sales through TREB’s MLS® System in October 2018 – a six per cent increase compared to October 2017. On a preliminary seasonally adjusted basis, sales were down by one per cent compared to September 2018.   The average

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Tag: Toronto Real Estate Board House Prices What an average priced Toronto house looked like in March, 2017

  The average price for a detached house in Toronto is $1,561,780, at least according to the latest Toronto Real Estate Board’s latest report. For that much money, you should be able to get a whole lot of house, right? Not always. While you won’t be able to buy a mansion for $1.5 million, you might be able to score a small home in a great neighbourhood, if you’re lucky. Or you could move an hour north and get yourself 40 acres of land in Georgina for the same price. Here’s what an average price home looks like in Toronto.$1,555,556

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