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Toronto’s Home Price Decline Is Not The New Normal

Toronto’s Home Price Decline Is Not The New Normal

Here’s what everyone wants to know about Toronto’s housing market — are these price declines the new normal? If they are, will we soon actually be able to afford a home in Toronto? If history is anything to go by, the answer to both those questions is a resounding no. It’s been almost one year […]

Market Stats – July 2017

Market Stats – July 2017

Market Continued to Adjust in July August 3, 2017 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 5,921 residential transactions through TREB’s MLS® System in July 2017. This result was down by 40.4 per cent on a yearover- year basis, led by the detached market segment – both […]

Housing Market Downturn Will Be Short-Lived

Housing Market Downturn Will Be Short-Lived

The federal housing agency says the current downturn in Toronto’s housing market is expected to be short-lived. Canada Mortgage and Housing Corp. (CMHC) says Toronto property prices, which have fallen over the last couple of months, should pick up again as demand bounces back. The Ontario government introduced measures in the spring, including a 15 […]

Market Stats – June 2017

Market Stats – June 2017

More Moderate Price Growth in June July 6, 2017 — Greater Toronto Area REALTORS® reported 7,974 sales through TREB’s MLS® System in June 2017 – down by 37.3 per cent in comparison to June 2016. The number of new residential listings entered into TREB’s MLS® System, at 19,614, was up by 15.9 per cent compared […]

5 Reasons Why Toronto’s Housing Market Won’t Tank

5 Reasons Why Toronto’s Housing Market Won’t Tank

There have been many news articles about the slowdown of the Toronto housing market, and many industry prognosticators are predicting a crash. While it’s easy to think that a few slow weeks are a sign of something larger, a more thorough analysis reveals that the Toronto market is still very strong. This is more likely […]

An Immigrant’s Quest To Home Ownership

An Immigrant’s Quest To Home Ownership

Trying to buy a house in big cities such as Toronto or Vancouver is challenging for any young family, but is doubly so for newcomers to Canada. Prices in the housing market often come as a shock and then the process of qualifying for a Canadian mortgage can be complicated and confusing. However, once qualified, […]

The 10 Most Anticipated Condo Developments In Toronto

The 10 Most Anticipated Condo Developments In Toronto

Toronto has a lot of exciting condo developments in the works, many of which will make significant contributions to the public realm as they eventually arrive on the scene. Whether on account of architecture, public space, or new retail options, the best of the city’s new condos will leave a lasting mark. Here are the picks […]

The Home Capital Debacle & What It Means

The Home Capital Debacle & What It Means

In February 2016, Gerald Soloway announced he was stepping down as CEO of Home Capital Group, a mortgage provider he co-founded 30 years ago. Home Capital, based in Toronto, is an alternative or non-prime lender, issuing mortgages to people generally turned away by traditional banks, such as the self-employed or new Canadians with a limited […]

Market Stats – April 2017

Market Stats – April 2017

Strong Growth in New Listings in April May 3, 2017 — Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® entered 33.6 per cent more new listings into TREB’s MLS® System in April 2017, at 21,630, compared to the same month in 2016. New listings were up by double-digits for all […]

Condo Market Strong, Inventory Remains Low

Condo Market Strong, Inventory Remains Low

The Greater Toronto Area’s condo market saw record quarterly sales as inventory plummeted in the first quarter, some of it clearly linked to investors looking to profit from units quickly. Urbanation Inc., a condo research firm, said Wednesday there were 9,932 new condo apartments sales across the the GTA over the first 90 days of […]