Photo: James Bombales The GTA recorded 11,706 sales of existing homes in May, a 6.3 per cent increase over the same time last year and a new record for the month. Despite the flurry of activity, the market remains quite tight with the Toronto Real Estate Board (TREB) reporting a 10.1 per cent drop in active listings, […]
toronto home selling
Average sale price for a GTA home rises 10.7 per cent in first half of May, 2015
In the first two weeks of May, 2015, the average sales price for an existing GTA home rose 10.7 per cent, year-over-year, to $652,882. The Toronto Real Estate Board (TREB) notes that though tight market conditions played a role in the substantial uptick, there were other factors at play, namely a boost in transactions for high-end […]
Toronto named world’s hottest luxury housing market by Christie’s
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 […]
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 […]