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.
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.
The first step towards achieving your goals is gaining knowledge and motivation to pursue whatever it is that you love to do.
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.
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.
On June 7th, real estate professionals from Canada and the US gathered in Vancouver to discuss Asia’s impact on Canadian real estate.
The only thing that could change the flow of our present marketplace would be fear of or involvement of government.
Let’s have a closer look at why Evernote is central to The Torontoism team’s day-to-day activities.
Richard, Tracy and Jim share their thoughts on working with Asian buyers.
Multiple offers seem to be lessening – not due to lack of interest but due to a lack of desire to compete and push the price too high.
Our statistics in Toronto and Vancouver have to be reassessed in terms of population growth to fully understand the real estate market in these cities.
To borrow from Einstein (because it is always good to borrow from Einstein), “only two things are infinite: the universe and the number of apps in an app store; and I’m not sure about the universe”.