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 Down Up To $205,000 From June, 2017 Detached prices remain in positive area, but are evidencing somewhat big declines. The benchmark cost, the price of a typical detached house, fell to $963,900 across TREB, a 6.16% decline from the month before. This price is still
View Article...Category: Toronto News Posts
Category: Toronto News Posts 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 Estate Board said 7,974 houses changed hands in June, 2017 while the number of new properties listed on the market climbed 15.9 per cent year-over-year to 19,614. The median price for all properties was $793,915, up 6.3 per cent of the members from the same
View Article...Category: Toronto News Posts Toronto’s deflating run away housing prices, in one chart
Home sales in Canada’s largest metropolis slowed down for the third largest month in a row, according to numbers released from the Toronto Real Estate Board. That came as new listings rose nearly 16 per cent, and as active listings surged over the year before. The average house price still increased 6.3 per cent on the year 2017, but that’s well off the blistering pace of annual price increases merely a few months ago. The June numbers delivered further evidence that the raft of new measures implemented by the Ontario government in April, 2017 –from a new foreign
View Article...Category: Toronto News Posts Foreign buyers behind merely 5 per cent of Toronto home sales in 2016
Don’t blame overseas investors for the high price of housing in the Toronto area, tells the Toronto Real Estate Board (TREB). The board has released new research stating fewer than 5 per cent of the 113,133 residential real estate transactions in the Toronto region in 2016 involved foreign buyers. More than half of those foreign buyers were buying houses for themselves or to house own family members, according to a November, 2016 Ipsos survey of TREB agents, who acted as agents on behalf of those buyers. About 25 per cent of the houses purchased by non-Canadians were bought as rental investments. The data
View Article...Category: Toronto News Posts More Torontonians crave hard-to-find detached homes, survey says
More Torontonians are eyeing detached homes, although there are those properties are the most difficult to locate. A brand-new survey by the Ontario Real Estate Association surveyed 1,003 Ontarians looking to purchase a home. Fifty per cent of them said they plan to buy a detached home in the next two years. In Toronto, that’s up 21 percentage points from a year ago. Across Ontario, it’s up 13 percentage points. But the prospect of detached homes in Toronto is at an all-time low. “The real Canadian dream is to have sole home ownership with land so you can develops
View Article...Category: Toronto News Posts Renovation grants give savings to homeowners – BILD
There are numerous redevelopment grants available to homeowners in the GTA. Ranging from a few hundred dollars to several thousand, programs are offered by different levels of government and partner organizations. Homeowners in the city of Toronto have a number of programs available and one such incentive is the Basement Flooding Protection Subsidy Program. The metropolitan city offers proprietors of single-family, duplex and triplex residential homes a fiscal subsidy of up to $3,400 per property to install flood protection devices. Another home renovation savings initiative offered by the city is the Home Energy Loan Program( HELP ), which facilitates
View Article...Category: Toronto News Posts Toronto’s rising rate of missing dementia patients challenges police forces
As the population ages, the number of people diagnosed with dementia is soaring and many- more than half, according to one estimation- will eventually wander off, presenting police with a unique set of challenges. Last time alone, Toronto police received 835 reports of missing people aged 61 and older, the most important one number in the past five years. This week, federal Health Minister Jane Philpott supported calls for a national dementia strategy. The stakes are high: If a missing dementia patient isn’t found within 12 hours, he or she faces a 50 -per-cent chance of injury or death,
View Article...Category: Toronto News Posts Toronto home prices jump in October despite new mortgage rules
Toronto’s real estate sales clambered more than 11 per cent in October, 2016 compared with a year earlier, despite the introduction of new federal mortgage rules aimed at cooling the region’s overheated housing market. The median price of all homes across the Toronto region rose 21 per cent to $762,975 last month, compared to October 2015, in agreement with the Toronto Real Estate Board( TREB) on Thursday. Real property sales clambered 11.5 per cent in October, compared to the same month in 2015. In Toronto the average home — including all types of houses and condos — was $770,480,
View Article...Category: Toronto News Posts Unethical agents in red-hot Toronto real estate market under the microscope
Who are the unscrupulous agents in Toronto’s real estate market? It all depends on who you’re asking. Some real estate agents engage in unethical behaviour, industry veterans recognise. But so do buyers and sellers. The machinations of Toronto’s blazingly red-hot market are receiving a lot of scrutiny these days. Last week, an undercover investigations conducted by CBC’s current affairs program Marketplace about the real estate industry makes further efforts to get their own message out before the broadcast aired. RECO, which enforces the Real Estate Business Brokers Act 2002 and its Code of Ethics on behalf of the members
View Article...Category: Toronto News Posts GTA Realtors Rlease September, 2016 Resale Housing Market Figures
In toronto real estate, on October 5, 2016, Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS reported 9,902 marketings through TREB’s MLS System in September 2016. This ensue was up by 21.5 per cent compared to September 2015. For the region as a whole, strong annual rates of sales growth were experienced for all major home types. The pace of detached sales growth was slower in the City of Toronto and the number of semi-detached sales was down compared from last year. In both cases, the year-over-year dip in new indices was likely the issue.
View Article...
Recent Comments