Toronto home prices drop more in August, 2017

 The Toronto Real Estate Board (TREB) reported that the average cost of a home in August — $732,292 (including all house sorts and condos) — was still up 3 per cent or about $20,000 to August, 2016. But that is still down about 20 per cent, or $187,000 lower than April, 2017 when the average […]

How much you need to earn to sustain a home in Toronto

  Looking at the Toronto housing market through an analytical lens of percentages, changing sales numbers and interest rates may be the go-to method for industry insiders, but for many average customers, there’s really one thing that are important: “What can I afford?” To help answer that question, let’s calculate what degree of salary you […]

Toronto home sellers and buyers are into waiting game in August, 2017

  The real estate market is stalled and buyers and sellers are waiting to see what will happen when it comes back in September. “They’re not sure whether the market slowed down for the summer for normal, seasonal market reasons or whether we’re on a downward slope,” tells Mr. Kholodov, an agent. For now, it […]

Toronto Detached Home Prices Down $200,000 From Higher Prices

  Toronto’s detached real estate is having another rough month. Numbers from the Toronto Real Estate Board ( TREB) has been demonstrated that buyer indecision and substantial downward pressure to the detached home segment in July, 2017. Generally speaking, detached homes across TREB market area showed lower prices, less sales, and more inventory.   Prices […]

Toronto home sales fell, new listings go down as sellers retreat in July, 2017

  Home prices continued to fall across the Toronto region in July, 2017 as purchasers stayed on the sidelines, but the tempo of growth of new listings also continued to slow as more sellers decided to wait for a better time to sell. The Toronto Real Estate Board reported the average sale price of all […]

Toronto home prices down for third month in a row in July, 2017

  Toronto Real Estate Board( TREB) says a third consecutive month-to-month drop in home prices in the Toronto region in July, 2017. Although the average price for all types of residences was still 5 per cent higher year over year, it was down about 6 per cent from June to $746,216. The number of sales also fell […]

Home sales in Toronto go down in June, 2017

  Home sales in the Greater Toronto Area decreased 37.3 per cent last month compared with a year ago, Toronto real estate board said Thursday as purchasers moved to the sidelines following the introduction of legislation that is targeted at cooling one of the most run away housing marketplaces in North America. The Toronto Real […]

Cooling Toronto housing market can be a return to normal, tell realtors

  It could be the barely disguised frustration of sellers, who listed their homes this spring expecting to attract cut-throat bids from desperate, over-extended purchasers. Instead they are seeing fewer showings and fewer offers.Toronto area home costs dipped about 7 per cent in May, 2017 compared to April, 2017 but remained about 15 per cent […]

Toronto housing prices down slightly in May, 2017 but tight supply keeps prices up

  Toronto region home prices dipped slightly from April to May, 2017 — down $55,604 on average — but were still 15 per cent of the members higher than May 2016, as the supplying of resale house and condo listings rose 43 per cent of the members time over year. The average home cost last-place […]

Toronto area home sales sink in May, 2017 after cooling actions

  House sales fell 26 per cent in the Toronto region in May, 2017 after the Ontario government’s introduction of a foreign-buyer’s tax as many potential purchasers stepped back and waited to assess the market impact. In the 30 days after the province of Ontario announced the immediate introduction of a 15 -per-cent foreign-buyer’s tax on April 20, […]

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