Archive for Toronto Real Estate News And Trends

Toronto Housing Market Crash Fears Overblown: RBC, Conference Board of Canada, Everybody Else

The recent slump in the Toronto Real Estate market was a sign of summer, and now that the weather is cooling Toronto-area homebuyers and sellers can relax. Reports by at least three separate major media organizations in mid-September as well as reports by financial institutions and the Conference Board of Canada should dissuade everyone’s fears [...]

Thank Goodness The Summer Real Estate Market Is Over In Toronto

Traditionally the real estate market in Toronto has slowed down twice per year… in the July-August period and in the December-January period.  However that pattern was broken for the most part during the past decade.  Instead of everyone relaxing during the summer months since 2000, the momentum generated during busy spring markets carried over into [...]

Current Toronto Real Estate Cooling Is Just Inevitable Due To Earlier Boom

In the first two weeks of August, there was a 29 per cent difference from the same time last year as well for Toronto existing home sales. In July, existing home sales across Canada fell 30 per cent when compared to July 2009, with Ontario and British Columbia pulling down averages across the board and [...]

Watch the Toronto waterfront area grow!

If you’re lucky enough to own a piece of downtown Toronto real estate, you can just sit back and watch the waterfront area grow. Toronto’s new Sugar Beach is just one part of the city’s waterfront revitalization projects. Plenty of thought has gone into it: Pink umbrellas, imported sugar-like sand and well-thought out landscaping. However, [...]

Toronto Real Estate Contract Basics For Home Buyers

The Globe and Mail published a great article this week for Toronto home buyers and what to ensure is included in any real estate contract. Of course, your Toronto real estate agent will know the terms and conditions that should be included in your contact, but it never hurts to know what to expect and [...]

Waterfront Toronto Chooses Next Great Toronto Neighbourhood

It was announced yesterday that Waterfront Toronto has officially chosen the Hines Toronto real estate firm to develop the Next Great Waterfront Neighbourhood. The new neighbourhood will be on 10 acres of waterfront land between Parliament and Lower Sherbourne Streets, south of Queens Quay Boulevard. The currently underutilized land will be turned into a mixed-use [...]

What Do All Of These Toronto Real Estate Numbers Mean, Anyway? Part Two

Like all of the other Toronto real estate numbers and predictions, those of an economic variety that deal with rising and falling interest rates should be viewed on a long-term basis while basing a decision on many different reports, not just one. Economic forecasts are another set of numbers and predictions that anyone planning on [...]

What Do These Toronto Real Estate Numbers Mean, Anyway?

We are continuously striving to provide up-to-the-minute statistics on Toronto’s real estate market as we see them. Statistics are regularly released on either a weekly, bi-weekly, monthly or quarterly basis, so there’s lots of information for potential or current homeowners to pick through when researching the home buying or home selling process in Toronto. These [...]

July Toronto Real Estate Board Sales Lowest Since 2002

So is it just a traditional summer market slowdown or is it the harbinger of a long-term decline in Toronto real estate sales?  Only time will tell (hindsight is always 100%). Although the average Toronto house and condo sale price at $420,482 was up 6.3% over 12 months ago, it was down 3.5% from June [...]

Toronto among the second-most transparent real estate markets in the world: Canada

Toronto is one of the largest real estate markets in Canada, and the biannual Global Real Estate Transparency Index study conducted by financial and professional services company Jones Lang LaSalle has found that Canada’s real estate market is the second best in the entire world with regards to transparency. The transparency of a real estate [...]