The hottest metro for luxury home sales growth in 2014 was Toronto. According to a new report by Christie’s International Real Estate, Toronto topped a ranking of 10 global cities. The Canadian city recorded the highest growth in luxury home sales in 2014 with a 37 per cent spike over 2013. The acceleration was a […]
Toronto News Posts
Areas where Toronto homes spend the fewest days on the market MAP
Photo: James Bombales Just how hot is the city’s east end? Looking at the Toronto Real Estate Board (TREB) data for the first quarter of the year, there were a number of well-known neighbourhoods in the eastern part of the city where homes spent, on average, two weeks or less on the market. Meanwhile, […]
Toronto housing market bucks national trend with robust price growth in 1st quarter, 2015
Photo: James Bombales Each property type in the GTA’s housing market saw a significant price increase in the first quarter of 2015 over the same period in 2014. According to a new report from Royal LePage, the average price for a standard detached bungalow in the region rose 10.2 per cent, year-over-year, to $655,669. Not […]
Price gap between houses and condos will continue to widen on “Island of Toronto” BMO
The Toronto housing market is headed for even more polarization according to BMO Economics’ latest weekly financial digest. Senior Economist Robert Kavcic believes detached houses will continue to be a hot commodity while condo prices could be in for “much more subdued growth, even stagnation for smaller units” by the end of the decade. […]
GTA home sales surge nearly 15 per cent in first half of February, 2015 TREB
The winter cold didn’t chill sales of existing homes in the GTA: the Toronto Real Estate Board (TREB) counted 3,120 transactions in the first two weeks of February, a 14.9 per cent jump over the same time in 2014. Prices also experienced double digit growth. In the first part of the month, the average sale […]