In July 2022, there were 4,912 home sales reported through the Toronto Regional Real Estate Board. We were down by 47 percent compared to July 2021.   Following the regular seasonal trend, sales were also down compared to June. New listings also declined on a year-over-year basis in July, down by a more moderate 4 percent. The expectation is that the trend for new listings will continue to follow the trend for sales. This will be the same for the second half... [read more]

''Recent polling conducted for TREB by Ipsos tells us that the great majority of Buyers are purchasing a home within which to live. This means these buyers are treating home ownership as a long term investment. A strong and diverse labour market and continued population growth based on immigration should continue to underpin long term home price appreciation, '' said Mr. Syrianos [read more]

Going forward with the new mortgage rules affecting Toronto housing market, if you do choose a 5 year fixed rate currently at rate of 2.39% , you will not be qualified at same rate but, will now be qualified at the bench mark rate of 4.64%. This surly is going to reduce the buying power in the market. For example previously  with an income of $100,000.00 with good credit a person could purchase a home for the price of $710,000.00, with the new rule now with the qualifying rate of 4.64%... [read more]

There is a continuous growth of population in the GTA, which is resulting in the houshold growth. Favourable economic conditions such as  low borrowing rates are opening more opportunities for investing in the realestate market. We will remain on track for another record year with these conditions.  [read more]

The more you practice and bring quality in your work and not be concerned with the quantity, that surely will determin the bright side of your performance, as the saying goes on -- Practice makes a man perfect. [read more]

Demand for the Condominium apartments still going strong, has kept up with the supply of listings. Condo housing is an important entry into the home ownership for the first time home buyers, new immigrants and investors.  Average Condo Apartment selling price in the range of $393589.00 in the first quarter of 2016. At present Condo aprtment market segment remains best supplied in GTA Market. The range and affordability for Condo housing  tends to attract not only the first time... [read more]

In relation to the western provinces, employment and income advantages in the GTA will promote stronger population growth through immigration to Canada. As such, more immigrants will choose homes and condos for sale in Toronto. The net migration, which dropped to 53,000 in 2014, is projected to gradually recover to around 60,000 in the next few years. These new home buyers and Canadians will also get help from a Toronto MLS (Multiple Listing Service) and a realtor to help make their decision. [read more]