Strong Growth in Home Sales in March/Q1

Toronto Real Estate Board President Mark McLean announced record TREB MLS® home sales for the first quarter of 2016 following a strong result for March transactions. There were 10,326 sales in March and 22,575 sales in the first quarter. The year-over-year growth rate for sales was 15.8 per cent for Q1 2016 and 16.2 per […]

Record February Sales

Toronto Real Estate Board President Mark McLean announced Greater Toronto Area REALTORS® reported a record number of home sales through TREB’s MLS® System in February 2016. There were 7,621 transactions reported this past February – up

Strong Start to 2016

Toronto Real Estate Board President Mark McLean announced Greater Toronto Area REALTORS® reported 4,672 residential transactions through TREB’s MLS® System in January 2016. This result represented an

Average price of single homes jumps 13% in Toronto

The shortage in new listings is continuing to push the average price of homes up across the Greater Toronto Area.  Leading the way is the City of Toronto with the latest average price nearing the

House price growth to remain slow: Scotiabank

According to economists, the key drivers of prices are looking increasingly weaker and are warning Canadians not to expect any sort of significant growth in house prices for the next few years.  The Scotiabank report came a week after TD’s economic announced that it expects home prices to grow at 2% per year for the […]

February real estate market data points to a continued cooling trend

The fallout from the tougher lending rules is continuing through February as sales and prices decline on the national scale.  After a lacluster second half in 2012, the Canadian Real Estate Association (CREA) adjusted its forcast for 2013.  Total sales for the Canadian housing market are projected to fall 2.9% to 441,500 with the national average […]

Household debt hits a new high

Although the rate of credit accumulation is slowing, household debt in Canada hits new high in the fourth quarter of 2012, lending more evidence that actions taken by the Bank of Canada are stabilzing the housing market.

Condos fueling jump in Canadian housing starts

According to STATSCAN, building permits worth$5.8 -billion were issued in January, which is up 1.7% from December.  The value of permits were also up 17.6% after a 6 month decline.

Government policies are distorting New Home and Condo market

Building Industry and Land Development Association (BILD) says government policies in land constraints, regulations and development approval processes are negatively impacting the availability of new homes to real estate consumers. As a result, the price gap between new homes and condos has grown to $196,844, which is more than double the long-term average and limiting […]

Anyone despise rush hour traffic?

We’ve all had our fair share of rush hour traffic torture, but I have to admit… I had never thought of banning large trucks during the morning and evening commutes.  Although it is a bit