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Toronto Real Estate Market Slows
GTA REALTORS® Release September Stats The Greater Toronto Area (GTA) real estate market continued its adjustment to higher borrowing costs in September 2022. Sales for the month reached 5,038, but were down by 44.1 per cent compared to September 2021. New listings were also down on a year-over-year basis by 16.7 per cent to 11,237.…
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Toronto Real Estate Market and COVID-19
TORONTO, ONTARIO, April 3, 2020 – Toronto Regional Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,012 home sales through TRREB’s MLS® System in March 2020 – up by 12.3 per cent compared to 7,132 sales reported in March 2019. The Effect of COVID-19 However, despite a strong increase in…
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Real Estate 2017 – what to expect – PODCAST
Real Estate 2017 This article contains a podcast which takes a look at real estate 2017 in Mississauga and surroundings. There is a review of sales activity and prices in 2016, plus a look forward to what to expect in 2017. Update: the Toronto Real Estate Board reported 5,188 residential transactions through the MLS system…
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Mortgage Rule Changes Canada
MORTGAGE RULE CHANGES for CANADA Important mortgage rule changes for Canada took effect on October 17, 2016. These government mandated changes make it harder for buyers who have less than 20% down payment to qualify. Some of the changes include: only apply to buyers with less than 20% per cent down only applies to purchases…
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Home Construction in Canada Booms
Canadian New Home Construction August 2016 New home construction activity in Canada continues to be one of the healthiest components of the national economy. Housing starts have defied predictions of a soft landing, and national housing starts throughout the first seven months of the year have trended around 200,000 annual units (chart 1). The trend in…
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Canada & Global Real Estate Trends
Global Real Estate Housing Markets Remain Strong Continued low interest rates are driving the key global housing markets, in spite of relatively sluggish economic growth and heightened financial market volatility. The IMF has estimated that roughly three-quarters of global real estate markets are experiencing rising house prices. Strength in general has been predominantly in first…
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Pre-Delivery Inspection for New Condos
Pre-Delivery Inspection for New Condos: How PDIs work Buying a new highrise condo can be one of the most exhilarating things that anyone can do. Nothing can top the excitement of watching it get built – first with excavation of the parking areas, then the steady climb where the podium and tower are built. Finally…
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Market Predictions for Mississauga
Market Predictions for Mississauga – Bull Market Continues The local Canadian real estate market for 2015 performed exceedingly well, and ended up being the second best year in history. We review the City of Mississauga, a large and diverse suburb of some 760,000 people, located just west of Toronto, and provide a forecast for 2016.…
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Real Estate Board 2016 Outlook
Real Estate Board 2016 Outlook The Toronto Real Estate Board has published, for the first time, a comprehensive review of 2015 market activity, with an outlook for 2016, covering all aspects of the GTA (Greater Toronto Area) real estate market. Watch John DiMichele, president of TREB, as he explains the inaugural Market Year in Review…
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June Sales Remain Strong
Record June Sales and Higher Prices in Toronto Real estate agents in the Greater Toronto Area reported 11,992 firm sales through the Toronto Real Estate Board’s MLS system in June, 2015. The June sales numbers reported represent a new record for the month of June for any year, and an 18.4 per cent increase over results…