We need the facts about the extent to which foreign buyers are driving up real estate prices in Toronto. It’s time for the federal and provincial governments to collect the necessary data on the sale of housing to foreign-based buyers. Without reliable data and figures, it’s impossible to set policy, protect the dream of […]
shortage of listings
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 […]
Toronto condo purchasers sense the competitive squeeze
One of the major surprises of the resale marketplace in 2016 in the Greater Toronto Area was the strong condo market. The deficit of listings in the single-family home category persuaded many potential purchasers to take another look at high-rise living. The trend looks like to continue in 2017. In 2016, sale of condo […]
Greater Toronto Area booms with$ 1-million-plus home sales
The $1-million fraternity isn’t so exclusive any longer, as a record number of dwellings sold for at the least that much in the Greater Toronto Area last year. In the GTA, 19,692 properties sold last year for $1-million or higher, a 77 -per-cent upsurge compared with 2015, according to the Sotheby’s analysis. “The GTA’s […]