March 2017 Market Report: The New Normal? 5

March 2017 Market Report: The New Normal?

TREB reported 12,077 sales through the MLS system in March 2017. This is 17.7 per cent more properties sold than last year. The annual sale growth was strongest in the condo and detached segment for the whole TREB market area. Condo sales have gone up by 29 per cent compared to March 2016, while the number of sold detached properties has increased by 14.3 per cent.

Richard for CBC News: Foreign home buyers love Toronto for the schools 11

Richard for CBC News: Foreign home buyers love Toronto for the schools

Richard Silver, a Sotheby’s realtor and past Toronto Real Estate Board president who works with foreign buyers, told Metro Morning host Matt Galloway that most of his foreign clients are coming to Toronto for educational and business opportunities, not just to park their money offshore, and that a foreign buyer tax would be a bad …

Toronto Star Clarifies the Confusion Around Foreign Buyers 12

Toronto Star Clarifies the Confusion Around Foreign Buyers

The Toronto Real Estate Board says 4.9% of transactions involve foreign buyers. But some fear the number is low. As Toronto area housing prices have soared, so too has conjecture about the role of foreign property buyers in driving up the market. When the Toronto Real Estate Board (TREB) released data on Tuesday showing only …

Jim Burtnick: Toronto's Real Estate Continues to be a Safe Investment 13

Jim Burtnick: Toronto’s Real Estate Continues to be a Safe Investment

For anyone expecting to see a downturn of Toronto’s housing market, the Canada Mortgage and Housing Corporation says 2017 won’t be the year. At a recent condo seminar held by the CMHC, the group laid forth it’s predictions for the upcoming year. Jim Burtnick, a member of Torontoism, broker and senior vice president at Sotheby’s …