Housing sales across the Greater Toronto Area rose last month, compared with a year ago, as prices also climbed, helped by strong sales in the condo and higher-density low-rise markets. The Toronto Real Estate Board says there were 7,492 sales in October 2018, up six per cent versus a year ago. On a preliminary seasonally … Continue reading “Nov. 30: Toronto-area home prices up 3.5% in October from a year ago”
MoreTORONTO, November 28, 2018 — The Toronto Real Estate Board (TREB) applauds the provincial government for taking action to ensure that our City, region and Province have an adequate supply and appropriate mix of housing. Municipal Affairs and Housing Minister Steve Clark made the announcement this morning with TREB’s CEO in attendance. Nowhere are housing supply … Continue reading “Nov. 28: TREB RESPONDS TO PROVINCIAL HOUSING SUPPLY PLAN ANNOUNCEMENT”
MoreToronto’s booming real estate market is vulnerable to money laundering because real estate agents aren’t notifying authorities of suspicious property transactions, leading the national anti-money laundering agency, FINTRAC, to step up its audits of the industry. Real estate agents are required by federal law to file “suspicious transaction reports.” From 2013 to 2017, there were … Continue reading “Nov. 28: Toronto real estate is vulnerable to money laundering”
MoreTORONTO – When Vanessa Witkowski and her husband were tasked with selling his grandmother’s home, they both knew they didn’t want to do it the traditional way. What they wanted was to have a more transparent process and to avoid wasting time “playing games” with potential buyers. So, they decided to put the house up … Continue reading “More open real estate bidding process can benefit everyone, says OREA”
MoreTORONTO – Housing sales across the Greater Toronto Area rose last month, compared with a year ago, as prices also climbed, helped by strong sales in the condo and higher-density low-rise markets. The Toronto Real Estate Board says there were 7,492 sales in October 2018, up six per cent versus a year ago. On a … Continue reading “GTA home sales up 3.5 per cent in October from a year ago”
MoreToronto’s real estate market isn’t cooling down any time soon, unlike the weather outside. According to the Teranet-National Bank Composite House Price Index, housing prices in the city have gone up for the tenth month in a row. That’s in contrast to Vancouver, where prices have gone down for the second month in a row … Continue reading “Dec. 16, 2016: Toronto housing market now hotter than Vancouver”
MoreA new report by Christie’s International Real Estate found that Toronto’s luxury real estate market grew substantially last year. According to Christie’s Canadian affiliate, Chestnut Park Real Estate, Toronto saw a 48 per cent increase in luxury real estate from 2014 to 2015. Auckland, New Zealand took the top spot with a 64 per cent … Continue reading “Luxury real estate market in Toronto saw substantial growth in 2015, says report”
MoreTwo reports are shedding new light on the impact of foreign buyers on Canada’s luxury real estate market. One quarter of real estate advisors with Royal LePage say 25 per cent of luxury homes in key Canadian markets are being snapped up by foreign buyers. And a new report from Christie’s International Real Estate names … Continue reading “Foreign buyers flocking to Canada’s hot luxury real estate markets”
MoreToronto saw a big spike in growth in its luxury real estate market last year, according to a new report released by Christie’s International Real Estate today. In a news release issued Thursday, Christie’s Canadian affiliate Chestnut Park Real Estate, said Auckland, New Zealand took the top spot for most growth in luxury real estate … Continue reading “Toronto saw big growth in luxury real estate market in 2015”
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