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 […]
toronto home buyer
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 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, […]