Archive | Housing Market

17 February 2018 ~ 0 Comments

Really…the real estate market is slowing down?

A few days ago the Toronto Real Estate Board posted it’s January sales numbers and surprise surprise, sales volume was down drastically year over year in comparison to January 2017. This came as no shock to me. For those who remember last January (and February and March) sales prices were defying logic and it didn’t […]

Continue Reading

11 January 2018 ~ 0 Comments

What’s in store for Toronto’s Housing market in 2018

Well for starters, it must be said that we are living through interesting times in that with all of the changes brought into play over the past three years to cool the GTA’s hot housing market, changes which many forecasted would knock the sails out of sales (I couldn’t resist), we are still witnessing an […]

Continue Reading

08 January 2018 ~ 0 Comments

Brief recap of Toronto’s Real Estate Market in 2017

In brief, 2017 saw an impressive 92,394 sales across the Toronto Real Estate Board which clocks in as the 4th best year ever re: sales volume. Average prices across the board rose as a whole to $822,681 (almost a 13% increase over 2016). Almost all of the growth was seen over the first 4 months […]

Continue Reading

05 January 2018 ~ 0 Comments

Two Big Changes Geared Towards Real Estate

The Ontario government recently passed changes to the Ontario Consumers Act which strengthens consumers with regard to large purchases made. Two of the changes have affect on the real estate industry, and are long overdue and more than welcomed in my opinion. One change is to how “multiple representation” is handled in a real estate […]

Continue Reading

14 November 2017 ~ 0 Comments

Market Update: Good, Bad and some Ugly

With annual average price gains up 8.25% in October 2017 over the same month last year, the 416 area of Toronto continues to be on fire with healthy increases in value. But if we dig down and take a closer look into the numbers, a different story starts to appear. Detached values are actually off […]

Continue Reading

18 October 2017 ~ 0 Comments

OSFI Unveils New Stress-Test Rules

The much talked about “Stress-Test” rules talked about over the summer by OSFI have been made official, and will take effect January 1st, 2018. Many suspect this will have an almost immediate impact in the Toronto housing market which Government’s of all levels have been trying to cool with limited effect on fast increasing house […]

Continue Reading

18 September 2017 ~ 0 Comments

Toronto Real Estate Board does away with weekly and mid month statistics – Why??

Recently TREB did away with its reporting on weekly and mid month statistics, and they did so with very little explanation to it’s members. TREB’s official posted explanation on our member website was “These intra-month statistics are more susceptible to volatility, and are not necessarily reflective of the monthly and quarterly market activity TREB captures […]

Continue Reading

22 June 2017 ~ 0 Comments

What The Heck Happened to Toronto’s Hot Real Estate Market?

You may have heard that in the month of May, sales activity across the GTA was down. This is true. When compared to year-over-year sales comparisons in which the Toronto Real Estate Board utilizes, sales are down a staggering 20% from those recorded in May 2016. Wait! Wasn’t May 2016 the busiest year ever for […]

Continue Reading

18 May 2017 ~ 0 Comments

Is Toronto’s Real Estate Market in Trouble?

Finally, it looks like Toronto’s red-hot real estate market seems to have subsided. Or has it? Much of the news of late has spoken to the “cooling” of Toronto’s housing market, which on the surface seems to be the case. In April, the Toronto Real Estate Board started to see a surge in new listings […]

Continue Reading

16 March 2017 ~ 0 Comments

Do we really have a housing shortage?

Almost everyone knows the Toronto real estate market has gone mad as of late, although many would like to have you believe for the most part; that all is okay and the madness is justified. Governments manipulate interest rates to mask affordability. Banks either prop up or speak down housing depending on how it currently […]

Continue Reading