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Apr 17

Condo Prices Surge In Response To Fewer Listings

By Dean Gibbons | 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

By Dean Gibbons | 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

By Dean Gibbons | 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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Sep 27

The Aftermath The Rent Control Changes

By Dean Gibbons | 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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May 25

Slow Decline Of The Detached Home In Canada

By Dean Gibbons | Market News

Adapted from article BY JESSICA SMITH CROSS, THE CANADIAN PRESS Ontario’s anti-sprawl policies, which is the main cause of the current housing supply shortage in Toronto and the surrounding areas, are going to get tougher. Any future projects on undeveloped land will have to accommodate more people and jobs – a minimum of 80 per hectare, up […]

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May 11

Strong Growth in New Listings in April

By Dean Gibbons | Market News

Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® entered 33.6 per cent more new listings into TREB’s MLS® System in April 2017, at 21,630, compared to the same month in 2016. New listings were up by double-digits for all low-rise home types, including detached and semi-detached houses and townhouses. New […]

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