The GTA real estate market remains as hot as ever, with the region setting a new May, 2016 sales record with more than 12,000 homes sold, according to the Toronto Real Estate Board. Figures released Friday show a 10.6 per cent increase in sales over the same period last year, despite the fact that the number […]
Toronto Buyer Posts
Canada’s housing shows some cooling signs after long boom years
In 2016, seven (7) years into a Canadian housing boom that many have warned will end in a bust, there are signs of a sales slowdown in Toronto and Vancouver, the two hottest cities, with some economists and real estate agents saying the peak has passed. A cooling of sales activity in Toronto and […]
Buyer’s gridlock – Why Toronto homeowners struggle to ‘trade up’
The idea of a starter home may be a thing of the past in Toronto and Vancouver, as an increasing number of homeowners looking to “trade up” are finding themselves priced out of the market, according to a new report from the TD Bank Group. Chief Economist Beata Caranci says homeowners in Canada’s two […]
Real estate agents believe more foreign buyers snapping up luxury properties – survey
About a quarter of real estate advisors across Canada suspect that at least 25 per cent of luxury properties in their market have been snapped up by foreign buyers, according to a new survey. While some real-estate observers have levelled blame for this country’s hot housing market at an influx of foreign cash, there […]
New Detached Toronto Home Is Over $1 Million In Average Price
The average price of new detached homes in the Greater Toronto Area (GTA) has surpassed $1 million for the first time, says a Building Industry and Land Development Association (BILD) report. According to Altus Group data, as of March 31 the average price of new detached homes available for sale in the GTA was $1,045,659. […]
