Strap in because Toronto real estate will be on an even wilder than normal ride the next few months. Toronto Regional Real Estate Board (TRREB) data shows home prices jumped in March. Other price indicators fell, with the board noting prices “bucked” the seasonal trend. Home sales dropped at 3x the rate of new inventory, […]
Canada’s largest provincial real estate market is about to become more transparent. The Real Estate Council of Ontario (RECO) is looking for feedback on proposed rule changes. The proposal is to create more transparency, and includes allowing multiple-bid disclosure. Multiple bids get the most attention, but a less-known change is a bigger deal — eliminating […]
Canada’s largest real estate board confirmed it’s building a for-profit subsidiary. The Toronto Real Estate Board (TRREB) emailed members to announce its new for-profit plan. This comes after brokers began to rally support for an inquiry into the decision to pursue profits. Some allege the plan was done in secret, but the board says they […]
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 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 […]
Greater Toronto real estate is showing signs of cooling, but buyers haven’t noticed. Toronto Regional Real Estate Board (TRREB) data shows home prices reached a new record high in May. It was accompanied by accelerating price growth, despite a decline in home sales. Home sales falling faster than new listings is typically followed by a […]
We’ve all heard it. Everyone’s friend has a friend, that’s making a buttload flipping Toronto real estate. Considering the benchmark home price jumped $155,100 over the past year, flippers must be rolling in cash. Diving through April sales data, flippers definitely make up a big chunk of listings. While they’re making decent money, they aren’t […]
Canada’s real estate industry is asking bank regulators to loosen lending standards. OSFI, the bank regulator, is currently holding feedback on B-20 Guideline revisions. The Guideline, better known as the “stress test,” ensures borrowers can pay their mortgage after a modest rate hike. The Toronto Regional Real Estate Board (TRREB) wants some tweaks, arguing it’s […]
