Recent Toronto Housing News

Can this young couple afford to get into Toronto's hot housing market before …
torontohousingmarket.com
In Toronto, a couple we'll call Tom, 30, and Helen, 27, are at the beginning of their financial lives. Recently married, they take home $8,500 a month from their jobs in industrial management with two different companies. They have already begun to ... [...]
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Low rates seen fuelling Toronto's surging housing market as Alberta markets stall
torontohousingmarket.com
However, robust end-user demand for condo apartments will result in above-inflation price growth in the highrise segment as well,” said Jason Mercer, director of market analysis, for TREB. The resiliency of Toronto's housing market has matched ... [...]
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Real estate: When an asking price is just conjecture
torontohousingmarket.com
Numbers from the Toronto Real Estate Board demonstrate how torrid the market has remained in an unusually chilly June. According to TREB, resale housing activity jumped 15.7 per cent in the Greater Toronto Area in the first half of June compared with ... [...]
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MacLennan could carry Canada's flag
torontohousingmarket.com
Why Toronto is an affordable place to live. You may think of big price tags when you think of Toronto real estate, but Emzada Hadziosmanovic ,... La Strada Fine Espresso Machines expands into Florida. La Strada Fine Espresso Machines in Oakville ... [...]
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Toronto's housing market gets off to surging start in 2015
torontohousingmarket.com
Economists largely predicted that Toronto's housing market would be the main winner from the downturn in oil prices and rock-bottom interest rates and so far the region's housing market is proving them right. Home sales in the Greater Toronto Area rose ... [...]
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Nearby bike-share might just raise your home's value
torontohousingmarket.com
The study didn't look at whether there's a similar effect on Toronto properties. But Jared Kolb, executive director of the bike advocacy group Cycle Toronto, said the findings add to “an array of arguments that is supporting a much broader and much ... [...]
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The $400000 Parkdale suite that shows hard lofts can hold their value
torontohousingmarket.com
The Property: This hard loft has exposed brick, wooden beams and hardwood floors throughout. Unlike many units of similar size, though, it also has a separate bedroom. Two large windows and a space-saving storage unit built into the raised den further ... [...]
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TREB: A look back at the past year
torontohousingmarket.com
As a professional association, the Toronto Real Estate Board (TREB) works to support the needs of the Greater Toronto Area's more than 41,000 Realtors, so that they can focus on helping you achieve your property goals. Sales throughout the GTA this ... [...]
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Toronto's top neighbourhoods
torontohousingmarket.com
If you judged Toronto's housing market based on media headlines you'd think there wasn't a neighbourhood left that offered good value. You'd be wrong. While certain neighbourhoods—such as Old Oakville, Lambton Baby Point or High Park North—have ... [...]
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Toronto ranked world's 'hottest' luxury home market
torontohousingmarket.com
The report compared Toronto's housing market to those of Dubai, Hong Kong, London, Los Angeles, Miami, New York, Paris, San Francisco and Sydney. An “extremely low” supply of houses in Toronto pushed prices to approximately $1.2 million for “relatively ... [...]
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Man accused in Toronto terror plot 'fried, cooked and baked'
torontohousingmarket.com
Testifying under a strict publication ban, the officer said his instructions were to pose as a veteran of the Bosnian civil war who needed new floors for one of his Toronto properties and then have Malik move into what was really an RCMP “prop house ... [...]
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As Loonie Falls, Americans Snap Up Canadian Cottage Country
torontohousingmarket.com
TORONTO - Real estate agent Priscilla Sookarow rang in the new year in a novel way, brokering the sale of a $3-million vacation property in B.C.'s Okanagan Valley to a family from Texas. In addition to the region's natural beauty, the buyers were lured ... [...]
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$2 million homes in Toronto now considered average
torontohousingmarket.com
2 million house toronto It's no surprise that the Toronto housing market continues its upward trajectory. But with the Toronto Real Estate Board's recent announcement of a major listings shortage, just how much money does one need to afford a house ... [...]
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How feeDuck hopes to challenge real estate commissions in Ontario and across …
torontohousingmarket.com
With the Toronto real estate market booming and the average detached home in Toronto or Vancouver selling for more than $1 million, the payout for real estate agents is pretty big these days, especially for the ones charging a five per cent commission. [...]
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Toronto's Condo Market a Profitable Investment, Says Leading Broker
torontohousingmarket.com
... returns on their investments. Judy Hazan is an experienced writer for the real estate industry based in Toronto. Tags: TorontoToronto Condo MarketToronto CondosToronto Real EstateVancouver. Category: Real Estate Global Real Estate Canadian Content ... [...]
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Americans snapping up cottages in Canada
torontohousingmarket.com
TORONTO - Real estate agent Priscilla Sookarow rang in the new year in a novel way, brokering the sale of a $3-million vacation property in B.C.'s Okanagan Valley to a family from Texas. In addition to the region's natural beauty, the buyers were lured ... [...]
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Realtors see influx of US buyers in Canada's recreational property markets
torontohousingmarket.com
TORONTO - Real estate agent Priscilla Sookarow rang in the new year in a novel way, brokering the sale of a $3-million vacation property in B.C.'s Okanagan Valley to a family from Texas. In addition to the region's natural beauty, the buyers were lured ... [...]
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Toronto real-estate developer, Honeywell partner on IoT for facilities
torontohousingmarket.com
Toronto-based real-estate firm Menkes Developments and industrial electronics giant Honeywell have announced a deal that will see the two combine Internet of Things sensors and cloud services to reduce energy and operational costs at one of the ... [...]
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Hudson's Bay Co. eyeing real estate deals, but wont say if Kaufhof chain among …
torontohousingmarket.com
TORONTO – Real estate gives Hudson's Bay Co. a leg up on other department store chains and the company is keen to do more deals, though executives remain mum on whether that includes Germany's Kaufhof department store chain. “The advantage of ... [...]
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Real Estate Watch: Surge in Toronto condo vacancies is not concerning
torontohousingmarket.com
National Bank says more than 2,800 condos were available last month to be sold or rented based on information collected from the Canada Mortgage and Housing Corporation and the Toronto Real Estate Board. But Marc Pinsonneault, senior economist with ... [...]
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Toronto, Vancouver Housing Affordability Declines: Report
torontohousingmarket.com
TORONTO - A report by RBC Economics says housing affordability continued to decline in Toronto and Vancouver, while conditions for homebuyers improved in Alberta during the first quarter of the year as lower oil prices caused the real estate market to ... [...]
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Zoocasa closure sparks debate about real estate data
torontohousingmarket.com
The Toronto Real Estate Board is embroiled in a court battle with the Competition Bureau over this topic. The next hearing in that case is scheduled for September, and many of the country's real estate boards will be watching the proceedings closely. [...]
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Rogers' closure of Zoocasa sparks debate over distribution of data on homes …
torontohousingmarket.com
TORONTO — An online real estate brokerage known for its daily emails containing data on the selling prices of homes has shut down, several months after bowing to pressure from the Toronto Real Estate board to stop publishing the contentious data. [...]
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Closure of brokerage Zoocasa sparks debate
torontohousingmarket.com
TORONTO - An online real estate brokerage that publicized the selling prices of homes will be shuttered, several months after bowing to pressure from the Toronto Real Estate Board to stop publishing the contentious data. Rogers announced Tuesday that ... [...]
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Closing of online brokerage Zoocasa sparks debate about real estate data
torontohousingmarket.com
TORONTO — An online real estate brokerage known for its daily emails containing data on the selling prices of homes has shut down, several months after bowing to pressure from the Toronto Real Estate board to stop publishing the contentious data. [...]
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Bruce Yaccato: You'd have to be crazy to buy real estate
torontohousingmarket.com
The Toronto Real Estate Board says the average price of a house in 2014 was $566,726, an 8.4 per cent increase from 2013. It adds that “we should not expect current price increases to continue.” TD concurs, forecasting that over the next couple of ... [...]
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Vintage buildings in high demand for condo buyers young and old
torontohousingmarket.com
According to data from the Toronto Real Estate Board, sales of condos in the Greater Toronto Area jumped 13.2 per cent in May compared with the same month last year. The average price rose 5 per cent to $391,901 from a year earlier. Sales of detached ... [...]
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Real Estate Watch: Allied Properties' towering ambition to transform downtown …
torontohousingmarket.com
The company had 76 Toronto properties on its books at the end of 2014, compared with 55 scattered across nine other Canadian urban centres. More than half of Allied's revenue comes from downtown Toronto, with a good chunk of that flowing from its ... [...]
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Gap between Toronto condos and low-rise homes jumps a record $100000 from …
torontohousingmarket.com
This month, the Toronto Real Estate Board reported that the average sale price of an existing detached home in the city of Toronto was $1,115,820 in May, an 18.2 per cent increase from a year. Across the GTA, the average existing detached home sold for ... [...]
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Top Links: Worrisome cracks appear in Toronto's condo market
torontohousingmarket.com
National Bank Financial published a research report noting a record level of vacant condominiums in Toronto. I fully expect a few “RUN FOR YOUR LIVES! TORONTO REAL ESTATE MARKET IS COLLAPSING!” headlines but they will be largely unwarranted. [...]
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COVER STORY: Are Jewish neighbourhoods too expensive for families?
torontohousingmarket.com
Jason Leizer, 45, said he and his wife decided to move with their three children to Ancaster, Ont., (a suburb of Hamilton) about five years ago after getting priced out of the Toronto real estate market. He said when his third child was born, they ... [...]
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REIT Juggernaut Extra Space Storage Announces $1.4 Billion Acquisition
torontohousingmarket.com
After the SmartStop acquisition closes, the Extra Space portfolio will increase by 121 owned properties, as well as 43 facilities that are operated by SmartStop under management agreements – net of five SmartStop Toronto properties intended to be sold ... [...]
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Don't burden yourself with a mortgage in your 20s: Kevin O'Leary
torontohousingmarket.com
When it comes to Toronto real estate, Kevin O'Leary, Chairman of O'Leary Financial Group, is not jumping for joy. “Real estate is not a good investment over the next five years, not that it will decline in value much, but it just won't appreciate ... [...]
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Zoocasa closure could shake-up Canadian market, say agents
torontohousingmarket.com
The closure comes months after its 'daily solds' newsletter was pulled after Toronto Real Estate Board said the data violated the privacy of sellers and warned members who shared the information could be banned from the Multiple Listing Service ... [...]
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New rules aim to shed light on real estate bidding process
torontohousingmarket.com
The zeal of house hunters in the GTA cannot be denied. But, occasionally, buyers wonder whether the competition is really as frenzied as real estate agents make it out to be. Consumer protection legislation coming into effect July 1 includes measures ... [...]
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Thought the real estate market couldn't get any crazier? Think again
torontohousingmarket.com
The price to buy a detached home in Canada's largest city soared 18 per cent to $1.12 million in May from the year before, according to the Toronto Real Estate Board. The price for a similar home in Vancouver rose by a similarly eye-popping 14 per cent ... [...]
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Why it may be better to rent, not buy that condo: Mayers
torontohousingmarket.com
He used the Toronto Real Estate Board's statistics on the change in GTA condo prices between January, 2005 and January, 2015. The $50,000 in the market grew to $109,000. The down payment for the condo became $79,150. Inflation is ignored in both ... [...]
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Hidden purchase fees can cost you thousands
torontohousingmarket.com
... the property title;. two months' extra common expenses for the reserve fund; and. the Tarion enrolment fee of $1,050. *. Bob Aaron is a Toronto real estate lawyer. He can be reached at bob@aaron.ca , on his website aaron.ca and on Twitter @bobaaron2. [...]
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House prices may stay high in Canada: Here's why
torontohousingmarket.com
A friend of mine sold her Toronto house because prices were so high. She didn't want to get caught in the downdraft. If you've been listening to all the warnings from foreign banks about a Canadian house price crash, that sounds smart. But before you ... [...]
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Gillian Hull Launches a New Personal Website to Help People Buy and sell their …
torontohousingmarket.com
Proven results are what potential buyers and sellers in the realty market look out for and this is exactly what one can find in the portfolio of Gillian Hull, Toronto real estate agent. There are many choices of realtors out there, but to hire the best ... [...]
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Closure of online brokerage Zoocasa sparks debate about real estate data
torontohousingmarket.com
TORONTO — An online real estate brokerage known for its daily emails containing data on the selling prices of homes has shut down, several months after bowing to pressure from the Toronto Real Estate board to stop publishing the contentious data. [...]
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Time Remaining: 9 Days
torontohousingmarket.com
... 9.4 increase to $684,400. —Data compiled from Urbanation, Canada Mortgage and Housing Corporation, the City of Vancouver, the Toronto Real Estate Board and the Real Estate Board of Greater Vancouver. By Alexandra Posadzki, The Canadian Press ... [...]
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Time Remaining: 0 Days
torontohousingmarket.com
... 9.4 increase to $684,400. —Data compiled from Urbanation, Canada Mortgage and Housing Corporation, the City of Vancouver, the Toronto Real Estate Board and the Real Estate Board of Greater Vancouver. By Alexandra Posadzki, The Canadian Press ... [...]
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報告指5月約克區均價破100萬創新高萬錦烈市獨立屋平均12日賣一間
torontohousingmarket.com
約克區房地產屋市道持續暢旺,獨立屋價格在5月份創新高。據多倫多地產商會多倫多地產商會(Toronto Real Estate Board,TREB)最新報告指出,區內包括旺市、萬錦市、烈治文山市及皇帝鎮獨立屋,平均成交價超過100萬元。 在5月份,烈治文山共售出258間重售 ... [...]
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How a homebuyers' 'bellwether' is buoying optimism in Canada's housing market
torontohousingmarket.com
Genworth MI Canada Inc. and Home Capital Group Inc. reported profits that beat analysts' estimates as low interest rates drive demand for Canadian homes. Freedom 58? How Canadians are shaving thousands off the cost of their mortgage. Bank of Canada ... [...]
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Building up the waterfront
torontohousingmarket.com
The project, constructed on city-owned land, was developed by the City of Toronto Economic Development Corp., the agency assigned to guide and develop Toronto properties. The agency has no authority to borrow money directly so the city provided a ... [...]
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