A power struggle is quietly building at Canada’s largest real estate board. Brokers at the Toronto Regional Real Estate Board (TRREB) received an anonymous letter calling for an inquiry into its management. The letter claims the non-profit board is creating a for-profit entity without member approval. This lit up broker chats, which are rallying support […]
Greater Toronto real estate prices were cooling but have reversed course post-election. Toronto Regional Real Estate Board (TRREB) data shows prices surged higher in October. Not a little either, but a typical home saw a monthly increase of nearly a year’s pay at the median wage. Stimulus driven pandemic demand met typical October inventory to […]
Toronto’s new home sales are re-entering the atmosphere but forming two distinct markets. BILD GTA and Altus Group data shows new home sales fell in September. Even with the dip, the volume remains historically strong for all segments. Prices are a little more complicated, with single-family homes soaring and condos dropping. Toronto Single-Family Home Prices […]
Investors are taking over Canadian real estate markets, especially in Ontario. Teranet, the private operator of the province’s land registry, looked at buyers from January 2011 to August 2021. Their analysis shows the largest segment of buyers is now multiple property owners. Armed with cheap money, these investors now represent one in four Ontario home […]
Greater Toronto real estate prices are once again soaring after a post-election boom. Toronto Regional Real Estate Board (TRREB) data shows composite home prices climbed in September. Price growth had been decelerating after peaking in the summer, but accelerated suddenly. Only one month of acceleration is too early to say the slowdown has reversed. However, […]
Greater Toronto real estate has been slowing down, but the city seems to be slowing much faster. Toronto Regional Real Estate Board (TRREB) data shows mixed home price moves in August. Toronto’s suburbs, aka the 905, continued to print gains, while prices in the City fell. Both regions showed a second month of deceleration for […]
Toronto condo prices are falling, according to the country’s biggest real estate board. Though people are bidding over ask, and inventory is tightening, paradoxically. That’s what the Toronto Regional Real Estate Board (TRREB) data shows for July. The mix of indicators all adds up to a balanced market, but the picture of where it’s heading […]
Toronto real estate is starting to look a little more volatile than it has over the past few months. Toronto Regional Real Estate Board (TRREB) data shows a mixed performance for composite benchmark prices in July 2021. Prices increased across the Greater Region, but actually fell in the City of Toronto. Both regions also saw […]
Toronto’s new home market is finally starting to cool, but it’s got a long way to go. Altus Group and BILD GTA data show new home sales were firm in June. Weakness in the city, especially for condo apartments, weighed on price growth though. Annual price growth is starting to slow, with condos even seeing […]
Greater Toronto’s new homes are on a rollercoaster, going from boom to bust, back to boom, and now… it’s interesting. BILD GTA data shows new home sales are cooling fast in May, especially when compared to earlier this year. Inventory was still tight for the month, but a lot of pressure has begun to release. […]
