With the Toronto Real Estate Board’s appeal being denied by the Supreme Court, there has been a rush of news and confusion among Realtors about how to change their business model to accommodate this open data share. The Toronto Real Estate Board’s stand has always been to protect the information of homeowners, and so continue to allow the data to be shared through a password protected VOW “Virtual Office ...
CREA Announces It Will Post Sold Data on Realtor.ca but it Will Take Time
October 4, 2018
Sales & Prices Up In September But Market Feeling the Lack of Supply Across the GTA
October 3, 2018
Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 6,455 sales through TREB’s MLS® System in September 2018 – up 1.9 per cent compared to September 2017. The average selling price for September 2018 sales was up by 2.9 per cent over the same period to $796,786. The MLS® HPI composite benchmark price was up by two per cent year-over-year. New listings entered into TREB’s ...
Resurgence In Demand For Housing Continues in August Across Greater Toronto
September 12, 2018
Toronto Real Estate Board President Garry Bhaura announced sales and price increases on a year-over-year basis in August. Greater Toronto Area REALTORS® reported 6,839 sales through TREB’s MLS® System in August 2018 – an 8.5 per cent increase compared to August 2017. Both the average selling price, at $765,270, and the MLS® Home Price Index Composite Benchmark for August 2018 were up compared to the same month in 2017, by ...
Boomers in Ontario are the most likely in Canada to consider downsizing as they approach retirement
August 14, 2018
More than 1.4 million boomers across Canada expect to buy a home in the next five years 56 per cent of boomers consider their local housing market unaffordable for retirement 9 per cent of boomer parents do not expect their kids to move out until after the age of 35 32 per cent of boomers looking to buy in the next five years most likely to purchase a condo The ...
Prices & Sales Continue To Rise in July Across the GTA
August 8, 2018
Toronto Real Estate Board President Garry Bhaura announced strong growth in the number of home sales and the average selling price reported by Greater Toronto Area REALTORS® in July 2018. “Home sales result in substantial spin-off benefits to the economy, so the positive results over the last two months are encouraging. However, no one will argue that housing supply remains an issue. The new provincial government and candidates for the ...
Average Condo Price Continues to Climb in Q2 '18
July 18, 2018
Toronto Real Estate Board President Garry Bhaura announced that the average selling price for condominium apartments sold through TREB’s MLS® System in the second quarter of 2018 was up by 5.4 per cent year-over-year to $561,338. The highest average selling price was in the City of Toronto, at $603,480 – up 6.5 per cent compared to Q2 2017. “Condominium apartments have outperformed other housing types over the past year, in ...
Greater Toronto Area (GTA) expected to post third quarter price gains after price declines in the second quarter
July 17, 2018
The Greater Toronto Area Real Estate Market Posts Price Declines in Second Quarter of 2018 Home prices in the GTA forecast to increase 2.1% in the next three months According to the Royal LePage House Price Survey1 and Market Survey Forecast released today, sales activity and price appreciation across the Greater Toronto Area (GTA) continued to slow in the second quarter of 2018, compared to the heightened pace witnessed during ...
Prices & Sales up in June Across the GTA
July 9, 2018
Toronto Real Estate Board President Garry Bhaura, in his first market release as TREB President, is pleased to announce some positive signs with respect to the housing market. Greater Toronto Area REALTORS® reported 8,082 home sales through TREB’s MLS® System in June 2018 – up 2.4 per cent compared to the low June 2017 result. After preliminary seasonal adjustment, sales were also up 17.6 per cent on a monthly basis ...
Market conditions tighten across Greater Toronto
June 6, 2018
Greater Toronto Area REALTORS® reported 7,834 sales through TREB’s MLS® System in May 2018. This result was down by 22.2 per cent compared to May 2017. While the number of sales was down year-over-year, the annual rate of decline was less than reported in February, March and April, when sales were down by more than 30 per cent. On a month-over-month basis, seasonally adjusted May sales were basically flat compared ...
Ontario’s New Standard Lease – Use it or lose it.
May 8, 2018
Courtesy of: John Zinati, B.A., L.L.B. - Zinati Kay, Barristers & Solicitors As you may have heard, as part of its reform of the Residential Tenancy Laws, the Government of Ontario has passed a law requiring all leases to be on a Standard Form Lease Agreement (“Standard Lease”). Fortunately, the requirement is not retroactive and does not automatically invalidate OREA or other Lease forms, but there are consequences to be ...