The hottest news and analysis on Toronto real estate. Here’s where you’ll find the latest home prices, and trending issues on housing in the Six.
Everyone knows the easiest way for a first-time buyer to buy a home, is to already own a home. The Toronto Real Estate Board (TREB) published results from its annual buyer survey. The survey asks recent and intending buyers about their experience, and gives the industry insights into their behavior. Most of it was not […]
Toronto real estate buyers demonstrated they are still exuberant, but there’s a lot less of them. Toronto Real Estate Board (TREB) numbers show prices climbed in December, but are off peaks. The month also came in at a multi-year for inventory, and the second fewest sales in 11 years. That sales number is likely to […]
If you’re looking for a new home in Greater Toronto, there’s a whack of supply that continues to rise. Altus Group numbers obtained from BILD show December inventory was the highest in years. The rising inventory came as the market saw the fewest new home sales since the Great Recession. Greater Toronto New Home Prices […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Sales Fell Over 11% In 2018, Biggest Drop Since 2008 Canadian real estate sales made a big drop last year, and that’s going to have consequences for the economy. Just 458,442 sales went through the MLS in […]
Toronto real estate is seeing lower sales, but that didn’t stop condo prices from moving higher. Toronto Real Estate Board (TREB) numbers show the price of condo reached a new all-time high in December. Rising prices in Toronto came with the fewest sales for the month since 2013. Toronto Condo Prices Rise Over 8% Greater […]
Toronto’s detached real estate market continued to get colder last month. Toronto Real Estate Board (TREB) numbers show prices stalled in December. The lack of price movement was due to a multi-year low for sales, and higher than typical inventory. The Price Of A “Typical” Detached Is Almost Flat Detached home prices didn’t move much […]
Toronto real estate is printing new records, but not the good kind. Toronto Real Estate Board (TREB) numbers show prices increased in December, when compared to 12 months ago, but are still below peak. It was also the slowest December for sales in 6 years, with the second highest inventory in the same period. Toronto […]
Greater Toronto new homes sales are cooling. BILD and Altus Group numbers show sales dropped to multi-year lows in November. The decline in sales is combining with higher building activity, sending inventory higher than we’ve seen in the past few years. Greater Toronto New Detached Prices Fall, While Condos Rise The price of a new […]
Toronto condo prices fell from an all-time high. Toronto Real Estate Board (TREB) numbers show a minor price decline for condo apartments in November. Annual price gains still remain very large, although they continued to decelerate. The big story this month is the board reported the fewest condo sales for November since 2013. Toronto Condo […]
Toronto real estate pushed to new highs, bringing the city’s debt level with it. Breaking down the Canada Mortgage and Housing Corporation (CMHC) numbers from yesterday, we can see where Toronto spends its cash. In Q2 2018, over 80% of Toronto Census Metropolitan Area (CMA) debt was tied directly to the value of real estate. […]
