Archive for Toronto Real Estate News And Trends

My Faith In Toronto’s Real Estate Media Has Been Badly Shaken Recently

Toronto’s media have been way off base with their reporting of several news stories recently – starting with H1N1 right up to their coverage of the Competition Bureau’s challenge of the Canadian Real Estate Associations’s rules.

February 2010 Toronto Real Estate Board Statistics Predict A Record Month For Sales

Toronto Real Estate Board stats indicate a robust start to 2010 with condos and houses selling quickly and for slightly higher prices – often with multiple offers to the infinite pleasure of sellers and to the everlasting chagrin of buyers.

Thank You For Making Us In The Top 20 Teams For RE/MAX In Canada !!

Thanks to your help, we’ve almost doubled the number of clients we’ve helped in 2009 vs 2008. Of course it helps that we didn’t build a cottage this year – that took, no kidding, almost six months of my time in 2008.
I applaud those buyers who, despite the doom and gloom of the first [...]

Our December Client Newsletters

While you’re getting ready for New Years, take a moment and read our latest FYI December client newsletters by clicking on the links below.
Condo Owner December Newsletter
House Owner December Newsletter
Have a terrific day everyone and a safe New Years celebration!

Use It OR Lose It: Mortgage Financing Options May Disappear In The Next Few Months

Recent pronouncements by our dear federal Finance Minister Flaherty may change the options home buyers currently have when considering purchasing a Toronto house or condo.
Up until about mid-year 2008 every Canadian home buyer had the option of taking a 25-, 30-, 35- OR 40-year amortization on their mortgage. This means that for a 40-year [...]

YTD Real Estate Sales In Toronto Show Large Improvement Over 2008

We’ve just experienced the strongest November for sales in the Toronto Real Estate Board history – 7,446 houses and condominiums changed hands in the month. Not unexpectedly, this is double the number of sales one year ago when we were in the depths of the world recession.
The Toronto Real Estate Board (TREB) is on [...]

Another Record Month For The Toronto Real Estate Board

There were a record 8,476 sales of houses and condominiums during the month – up a not-surprising 64% from 2008. Of course one year ago the world was imploding and every market was hitting bottom. Howver we are still up 561 sales over October of 2007 which was a record year.
The ratio of [...]

Bank Of Canada Hinting That Mortgage Rates Might Rise Sooner Than Expected

Anyone who’s been involved in a Toronto house or condo purchase in the last three months or so knows that the market is very busy. So busy in fact that multiple offers are happening more than 50% of the time.
One of the main reasons for all this activity is the low, low mortgage interest rate. [...]

Amazing Third Quarter Toronto Real Estate Sales

The Toronto Real Estate Board had a record 25,776 sales in July, August and September – the higest level of third-quarter sales EVER! There were 8,196 house and condo sales during the month of September – another record as well. The third-quarter ratio of sales-to-listings averaged 52% which was another TREB high.
So what’s [...]

An Amazing Toronto Real Estate Turn-Around: From 13% To 58% In Just 6 Months

In many cases, Toronto house and condo buyers have lost their ability to negotiate offers once again.
June was a record month for the Toronto Real Estate Board with 10,955 sales, up 27% from June 2008 and approximately 500 more sales than in the previous record set in June 2007.
Manufactured multiple offers are again prevalent with [...]