Toronto real estate news. Find the latest data-driven coverage on Canada’s largest city.
Greater Toronto real estate prices had a really big finish to the year, just not in the City of Toronto. Toronto Regional Real Estate Board (TRREB) data shows home prices made a sharp increase in December. The monthly jump was only across the Greater region though, while the City’s index slipped lower. Almost all of […]
Staff at the City of Toronto are getting ready for a vacant home tax, but there’s some industry concerns. Toronto Regional Real Estate Board (TRREB) asked City council members to ensure “data-driven and results” based decisions. Along with this request, they also shared a list of exemptions they would like to see. Here’s a few […]
Toronto may finally start taxing vacant homes. City of Toronto staff recommended a vacant home tax to council this week. The tax would place a penalty on those that use residential property in the City for less than half the year. By doing so, the City hopes to join other major cities like Paris in […]
Greater Toronto’s suburban real estate market is in high demand, as people flee for more space and work from home. Toronto Regional Real Estate Board (TRREB) data shows prices were soaring across the board in November. However, a breakdown shows condo apartments made a sharp monthly move lower. All price gains in the index are […]
Greater Toronto new home sales are weaker, helping to push inventory a little higher. Altus Group data shows new home sales were down in October. The drop in sales wasn’t due to weaker demand across the region though. It was exclusively due to the City, as buyers sought out suburban homes. Toronto Detached Prices Jump, […]
Greater Toronto real estate is on fire… just not condo apartments, which is seeing a lot of sellers. Toronto Regional Real Estate Board (TRREB) data shows condo apartment prices slid for a fifth month in October. Condo sales are fairly in line with last year’s numbers, except in the city. However, inventory has more than […]
Greater Toronto real estate continued its suburban winning streak. Toronto Regional Real Estate Board (TRREB) data shows aggregate price measures soared in September. The market isn’t quite so clear cut when dissected though. Most of the hot activity is in the detached home segment, which is seeing prices and sale volumes rip higher. Condo apartments […]
Toronto condo rentals are seeing the most inventory in recent memory. Toronto Regional Real Estate Board (TRREB) data prepared by Toronto Realtor Daniel Foch shows rental inventory is still much higher than usual in September. Meanwhile absorption is failing to keep up, potentially explaining the abrupt rise of condos for sale. Toronto Condos For Rent […]
Greater Toronto’s condo market is booming, but prices slipped from all-time highs. Toronto Regional Real Estate Board (TRREB) data shows sales reached a multi year high for August. The rise in sales was nothing compared to the increase of inventory though. The rate at which inventory grew was 10x that of sales, knocking prices lower […]
Greater Toronto real estate has seen sales surge, and the detached market is leading the way. Toronto Regional Real Estate Board (TRREB) data shows detached sales nearly reached a record high in August. Most of the activity surge has been in the 905 suburbs, but the City’s buyers don’t seem to have noticed. The City […]
