As Canada’s population grows, the price for housing continues to increase in the country’s major urban centres. According to the Ministry Of Finance, in Ontario alone the population is projected to grow by 30.1 per cent over the next 26 years with the GTA the fastest growing region in the province. Population there is expected
Read all about the Torontoism Team's listings, sales and news from the best city in the world - Toronto!
TREB's recent market report suggests a record number of sales recorded through MLS in October 2016. Sales were up by 11.5 per cent compared to October 2015. The largest annual rate of sales growth was recorded in the condo market segment.
Somebody always has to take the blame. But the lack of self-reflection causes needless panic among Canadians and the really disappointing fact is that it comes from the one body that should keep an eye on such events and keep them in check - the Canadian Government. This careless behaviour resulted in the introduction of
First of the announced changes to mortgage rules in Canada came into effect yesterday.
The Government of Canada initiated the creation of the National Housing Strategy in order to provide affordable housing for all Canadians. The project called "Let's Talk Housing" gives the opportunity to Canadians to express and share their ideas on how to improve the housing situation in the country. Richard Silver and Jim Burtnick were at
September was another strong month for Toronto's real estate. Sales were up and so were the prices, pushed up by the very low inventory. Active listings were down by 36.6 per cent compared to September 2015.
Scores of foreign students choose to study in Canada especially in Ontario as well as British Columbia because of their internationally renowned education, better job opportunities, and high standard of living.
The GTA had a 65 per cent year-over-year increase in sales volume in the first half of the year compared to one year prior, with 10,172 units (condominiums, attached and single family homes) sold.
TREB announced a new record in sales for August 2016. A total of 9,813 sales were reported through TREB's MLS® System in August, which is 23.5 per cent more than in August 2015.
Although real estate is still very much a face-to-face business, there’s no doubt that technology has dramatically changed the profession.
The unprecedented vote to separate UK from Europe has caught many investors flat-foot genuinely looking for an offshore place to park their money; and with BREXIT now inevitable, Canadian real estate fits the bill. Investment migration is nothing new Our broker and Senior Vice President-Sales Jim Burtnick opines that the move to Canadian shores needs not be
“If you have knowledge, let others light their candles in it” is a beautiful quote by Margaret Fuller and numerous times we have published helpful articles on accessing global markets on Torontoism.com. In the newest bi-monthly, Global Perspectives by National Association of Realtors, however, we are able to share our experience with a much broader
There isn't enough of single-detached and semi-detached properties on the market and the demand is strong. Annual rates of prices increases are now above the rate of inflation. Is it time to start worrying?
As Jennifer Keesmaat put it when she tweeted out news of the Toronto new park to followers, "It's our moment, Toronto."
Richard has talked to Tamsin McMahon of The Globe and Mail and shared his views of the situation and what the BC Tax could mean for the Toronto market.
According to the Conference Board of Canada, Toronto's economy is expected to grow by 2.8 per cent making the City one of Canada's growth leaders again. This will make it the third fastest growing metropolitan economy in Canada this year.
In the light of the recent events in BC, Richard was approached by Wayne Karl of the Yellow Pages Next Home, to share his thoughts on the situation.
What worries me most is when the government gets involved in a market place. This seems like a cash grab for the Government of B.C. that will please some but also seems to hide a discrimination.
the Torontoism Team has been busy with sales as well as meetings, courses and even some good old family time. Tracy and family visited Mt. Tremblant, Sherille and family are planning on some travels south, Tania and hubby just got back from Hungary, Jim and Eden are busy making plans for later in the summer.