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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 […]

Market Stats – March 2017

Market Stats – March 2017

Tight Market Conditions Continue in March April 5, 2017 — Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 12,077 residential sales through TREB’s MLS® System in March 2017. This result represented a 17.7 per cent increase compared to the 10,260 sales reported in March 2016. For the TREB market […]

Market Stats – February 2017

Market Stats – February 2017

Sales Up and Listings Down in February March 3, 2017 — Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 8,014 residential sales through TREB’s MLS® System in February 2017. Despite the fact that February 2016 had one more day due to the leap year day, this result was up […]

Market Stats- January 2017

Market Stats- January 2017

“January 2017 picked up where 2016 left off: sales were up on a year-over-year basis while the number of new listings was down by double-digit annual rates for most major home types. Home ownership continues to be a great investment and remains very important to the majority of GTA households. As we move through 2017, […]

Mortgage Insurance Premiums Set To Rise

Mortgage Insurance Premiums Set To Rise

Canada’s federal housing agency is hiking the cost of mortgage loan insurance for homebuyers starting March 17, as part of new regulatory requirements requiring it to hold more capital to offset risks in the country’s red-hot real estate market. Canada Mortgage and Housing Corp. said Tuesday it doesn’t anticipate the increases will have a major […]

Toronto’s Housing Market “Taking A Breath”?

Toronto’s Housing Market “Taking A Breath”?

The urgency seems to be seeping out of Toronto’s real estate market as the year comes to a close. “I think people have frankly gone into a ‘wait and see’ mode,” says real estate agent Janet Lindsay of Chestnut Park Real Estate Ltd. Listings are dwindling, as they typically do at the end of November, […]