Archive for Toronto Real Estate News And Trends

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 [...]

Fewer Toronto Home Sales Meant Better Relationships With Builders in 2010

Consumer research firm J.D. Power and Associates announced last week that the recession may have led to fewer home sales in the Greater Toronto Area, but less sales meant one positive development for builders and their customers. Less sales meant fewer closings, and builders has more time to spend with their customers, allowing them to [...]

July Toronto Real Estate Market Showing Signs Of A Traditional Summer (For A Change)

A combination of affordable mortgage rates and a plentiful real estate listing inventory make buying a Toronto house or condo now the best opportunity since March 2009.

Toronto’s Real Estate Market Slows In June… Continuing To Do So In July

As far as I’m concerned it had to happen sometime.  The foolishness of ‘manufactured’ multiple offers in Toronto had gone on for far too long and was hurting home buyers, not benefiting house or condo sellers and was wasting a lot of everyone’s time and energy. Motivated sellers will still get their homes sold and motivated [...]

What Do First-Time Toronto Homebuyers Want?

And the answer is: a lot, according to a new survey by TD Canada Trust. Toronto first-time buyers are looking for all of the extras like additional bedrooms and all of the nicest appliances, but they intend to stick around for a lot longer than first-time buyers have in previous years. Instead of moving repeatedly [...]