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, […]
new mortgage rules
Canada housing market has become riskier, IMF has warned
Canada’s housing market has become riskier over the past two years, with risk levels similar to those seen during the financial crisis a decade ago, the International Monetary Fund (IMF) said in a report released this week. But there is good news: The measures Canadian policymakers have taken over the past several years […]
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 […]
Interest Rate up inject to homebuyers’ challenges, more first-time buyers may not qualify
The interest rate up and third Bank of Canada rate hike this year could shut more first-time buyers out of the Toronto region’s housing market. It will increase hundreds of dollars to some homeowners’ challenge mortgage payments. More first-time buyers may not qualify for mortgage. The central bank has raised its key lending […]
GTA home sales went down 40% in March, 2018 when compared to March, 2017
GTA home sales went down 40% in March, 2018, and the average price also declined by 14 per cent, according to the latest Toronto Real Estate Board report. TREB reported 7,228 residential transactions in March, 2018 in the GTA, a large decrease from the record 11,954 sales reported in March 2017. The monthly […]
