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Saturday, July 23rd, 2016

Toronto house prices’ heady gains expected to continue into 2015

Canada’s largest housing market continues to show price gains which the Toronto Real Estate Board says will continue into 2015. The board said the average sale price in November was $577,936, a 7.4% increase from a year ago. Year-to-date prices are up 8.4% to an average of $567,198. Related Great news coming if you’re renewing […]

Toronto home prices still growing, with more gains to come

A lukewarm summer didn’t cool off Toronto’s red hot housing market which remains in sellers’ territory, according to the city’s realtors. The average price of a home in the country’s largest market continued to rise, reaching $546,303 for the region — an 8.9% increase from a year ago. In the much sought-after detached home segment […]

Canada’s top court declines to hear Toronto realtor case appeal

Canada’s top court said it won’t hear an appeal of a case on whether Toronto’s main realtor group must give wider access to their historical price data. The Ottawa-based Supreme Court published the decision on its website Thursday. The Toronto Real Estate Board blocks its 35,000 members from publishing sale prices on their internal websites, […]

Canada’s million-dollar housing markets: Look out Vancouver, Toronto’s moving in – Ask a Vancouver Mortgage Broker

May 16, 2014 by  
Filed under Recent News

Toronto is on the verge of becoming the second Canadian city where the average price of a detached home hits the $1-million mark. “We went over that mark a few years ago in Vancouver and now we are going to hit it in Toronto. It’s not inexpensive to own a house in the city of […]

Canada’s next housing bubble: real estate agents – Consult with a Vancouver Mortgage Broker

The housing boom has not only resulted in record real estate prices, it has spawned an unprecedented number of realtors. The number of people selling real estate reached 108,706 during the first quarter of the year, according to the Canadian Real Estate Association. To put it another way, that’s one realtor for every 245 Canadians […]

Toronto home prices jump 10% in April from a year ago as single-family home listings in short supply – Consult with a Vancouver Mortgage Broker

Garry Marr | Prices in Canada’s largest housing market show no sign of letting up, driven by a strong demand for single-family homes in Toronto’s core. The Toronto Real Estate Board said Tuesday that the average sale price of a home in the Greater Toronto Area climbed another 10.1% from a year ago and reached $524,868. […]

Get ready for house prices to continue to rise in Toronto- Ask a Vancouver Mortgage Broker

It’s only two weeks of data, but the Toronto Real Estate Board is reporting the first 14 days of February saw existing home prices continue to rise. Safe as houses? Canadians think their homes will fund their retirement Almost a quarter of Canadians say they are planning on using their home as their primary source […]

Rebound continues in Canada’s housing market- Ask a Vancouver Mortgage Broker

TARA PERKINS – REAL ESTATE REPORTER Home sales continued to be strong in a number of major cities in November, with preliminary local data indicating that the country’s housing market is still rebounding. The number of homes that changed hands by way of the MLS system in greater Toronto last month came in 13.9 per cent […]

Think living in suburbia’s cheaper? Think again – Consult with Adil Virani, Vancouver Mortgage Broker

ROB CARRICK – The Globe and Mail There’s no refuge in the suburbs from Canada’s housing affordability problem. You can buy a house for less money in the suburbs than you can in a big city, but the cost of commuting may kill almost all your savings. Some number-crunching by a public-spirited mortgage broker in the Toronto […]

Canada’s two largest real estate markets are surging – Ask a Vancouver Mortgage Broker

Home sales in Canada’s two largest cities continued their surge in August from a year earlier. Why real estate doomsayers continue to be wrong Still believe Canada’s housing market is going to implode? You’re not alone, but it hasn’t happened yet. Read more Sales in Toronto, the largest market, rose 21% from August last year to […]

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