TREB Issued January, 2019 Market Stats TREB President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 4,009 home sales through TREB’s MLS® in January 2019 – up by 0.6 per cent compared to January 2018. On a preliminary seasonally adjusted basis, sales were up by 3.4 per cent compared to December, […]
home price appreciation
Housing-Market Risk Jumps to High in CMHC Rating in September, 2021
Housing-Market Risk Jumps to High in CMHC Rating in September, 2021 Cаnаdа’ѕ hоuѕіng agency said thе country іѕ nоw аt hіgh rіѕk of a ѕhаrр correction in home vаluаtіоnѕ аѕ the continued аррrесіаtіоn in рrісеѕ becomes unmооrеd from есоnоmіс fundаmеntаlѕ. Thе Cаnаdа Mortgage аnd Housing Corp. rаіѕеd its mаrkеt rіѕk аѕѕеѕѕmеnt to hіgh […]
Toronto area home sales drop in May, 2017 after chilling measures
House sales fell 26 per cent in the Toronto region in May, 2017 following the Ontario government’s introduction of a foreign-buyer’s tax as many potential purchasers stepped back and waited to assess the market impact. In the 30 days after different provinces announced the immediate introduction of a 15 -per-cent foreign-buyer’s levy on April 20, 2017, […]
What average priced detached Toronto house looked like in March, 2017
The average price for a detached house in Toronto is $1,561,780, at least according to the latest Toronto Real Estate Board’s latest report. For that much money, you should be able to get a whole lot of house, right? Not always. While you won’t be able to buy a mansion for $1.5 million, you […]
Even Top one per cent Earners of Toronto Are Priced Out Of Housing Market, BMO notices
Toronto’s runaway house prices could threaten the city’s economy if even the top 1 per cent of earners find themselves priced out of the market, as is now happening, the Bank of Montreal is warning. BMO Chief economist Douglas Porter crunched the numbers and found that someone earning $225,000 a year — right at […]