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 real estate
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 home sales fell, new listings go down as sellers retreat in July, 2017
Home prices continued to fall across the Toronto region in July, 2017 as purchasers stayed on the sidelines, but the tempo of growth of new listings also continued to slow as more sellers decided to wait for a better time to sell. The Toronto Real Estate Board reported the average sale price of all […]