Bosley Real Estate Ltd. agent David Fleming was optimistic last week that his clients had a good chance of surpassing rival bidders for a semi-detached house on Monarch Park Avenue in Toronto’s east end. To his surprise, Mr. Fleming was in a contest with 23 other contenders that night. The start of a new […]
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2015 was a record year for housing sales in Toronto area – TREB
The Toronto Real Estate Board says that 2015 was a record sales year for its members. The number of sales last year through TREB realtors totalled 101,299 – up 9.2 per cent from 2014. It says the Toronto-area had 4,945 residential sales last month, the second-highest on record for a December. The 2015 average […]
Canadian Government increases minimum down payment for homes over $500K
Finance Minister Bill Morneau is increasing the amount homebuyers must put forward as a down payment on houses over $500,000. It’s a move designed to cool off the booming real estate market in some of Canada’s biggest cities. Homebuyers will have to put 10 per cent down on the portion of the price over […]
5 reasons Toronto house prices won’t crash in 2016
After the Greater Toronto Area’s record year in 2015 for both the number of homes sold and the average price, the question is: when will it all come crashing down? The answer: not in 2016. Here are five reasons why this won’t be the year of Toronto’s housing collapse. 1. Supply and demand It’s the simplest rule […]
