Market News – Dean Gibbons

Category Archives for "Market News"

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Apr 29

Why The Fair Housing Plan Isn’t So Fair After All

Market News

April 3, 2019 — Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 7,187 residential sales through TREB’s MLS® System in March 2019. This result was inline with 7,188 sales reported in March 2018. For the first quarter of 2019, sales were down by one per cent compared to Q1 2018.So, […]

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Apr 17

Is A Corner Lot Worth More?

Market News , Tips

Is a corner lot worth more than an interior lot?Like most things in real estate, the answer is, “It depends.”   It’s rare when you can get a direct comparable when looking at a home on a corner lot versus one on an interior lot.  They’re usually quite different. The layout of the house on the corner […]

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Mar 25

Feds Budget Thumbs Nose At Desperate Toronto Buyers

Buying , Market News

The Liberal government released their election-year budget with an attempt to give reprieve to first time home buyers feeling the crunch of escalating prices and stagnant salaries.  This is a step in the right direction for first time home buyers. Great news for Toronto right?? To hopeful Torontonians, this new legislation should mean as much to you […]

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Apr 17

Condo Prices Surge In Response To Fewer Listings

Market News

Toronto Real Estate Board President Tim Syrianosannounced that the average selling price for condominium apartments sold through TREB’s MLS®System was up by nine percent year-over-year to $533,447 in the first quarter of 2018. While the number of condominium apartment sales reported by Greater Toronto Area REALTORS® in the first quarter was down by 29.7 percent year-over-year […]

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Apr 16

Affordable Units in New Residential Developments

Market News

​As part of the Promoting Affordable Housing Act, starting on April 12, 2018, Ontario municipalities will have a new planning tool at their disposal to encourage the creation of more affordable housing units – inclusionary zoning.  The provincial government has announced that it is giving municipalities the ability to require developers to include affordable housing units […]

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Feb 23

Sales Are Slow, But So Are New Listings

Market News

February 6, 2018 — The Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 4,019 residential transactions through TREB’s MLS® System in January 2018. This result was down by 22 per cent compared to a record 5,155 sales reported in January 2017. Sounds bad right?  But if you remember that last January we were […]

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Jan 25

GTA REALTORS® Release December/Annual Stats

Market News

TORONTO, ONTARIO,  January 4, 2018 – Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 92,394 sales through TREB’s MLS® System in 2017.  This total was down 18.3 per cent compared to the record set in 2016. Record sales in Q1 were followed by a decline in Q2 and Q3 […]

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Jan 17

No relief for renters could be boon for investors

Market News

By: Neil Sharma  Canadian Real Estate Wealth, Nov. 2017   Renters in Canada’s two largest markets will still be fighting over scraps next year. The CMHC Rental Market Report on the country’s rental markets revealed Ontario and British Columbia have dangerously low vacancy rates, and that’s being exacerbated by low turnover, which itself is largely a consequence of unaffordability. The […]

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Sep 27

The Aftermath The Rent Control Changes

Market News

When I was in University I had a guy in my class that tried to answer every question posed by the prof;  regardless of whether or not he knew the answer. This is your Ontario government.  Trying to fix problems they have no solution to. Recently the Ontario Liberal government made changes aimed at protecting Tenants of […]

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