TORONTO, September 4, 2015 — Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 7,998 residential transactions through the TREB MLS® System in August 2015. This result represented a 5.7 per cent increase compared to 7,568 sales reported in August 2014. On a GTA-wide basis, sales were up for […]
Toronto Real Estate Posts
What Landlords Can Do To Avoid Tenants from Hell
Property management is an expensive option used by some property investors to keep tabs on their real estate — something that seems all the more important in the wake of a story this month about a renegade tenant turning rental properties into illegal rooming houses. In last weekend’s National Post, Sonia Verma wrote a first-person […]
Canadian Real Estate Market to ‘Slow Down’ as Interest Rates Rise – RBC
TORONTO — Activity in Canada’s real estate market will slow “modestly” in 2016 as interest rates begin to rise, according to a new report from RBC Economics. The report pegs the risk of an outright crash in real estate as low, saying RBC expects the economy to grow and that interest rates will likely rise gradually […]
Price of Luxury Homes in Toronto Keeps Going Up as Sales of $3-million Homes Surge
Sean DeCory/National Post Re/Max says Toronto and Vancouver had a huge surge in the number of $3-million homes sold in 2015.. First it was $1 million, then $2 million. How about $3 million? That’s what Re/Max says is the high end of the luxury housing market — one that has seen an explosion in sales. […]
Toronto Has ‘High Risk’ of House-Price Correction – CMHC
This modest house on busy Dupont St. near Ossington sold for a cool million dollars in April, 2014 (it does have a coach house in back). Source: Toronto Star Toronto is now at “high” risk of a housing correction — up from “moderate” just four months ago, says a quarterly examination of risks to […]