Toronto Real Estate News

March 2017 Market Report: The New Normal?

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.

Shopping for Mortgages: Millennials versus Baby Boomers

Shopping for Mortgages: Millennials versus Baby Boomers

Members of various demographic groups shop for mortgages in different ways. Do the contrasts in the way the baby boomers and the millennials shop for mortgages tell us something about modern home buying? You bet. A pair of mortgage professionals recently took the time to chat about the way Canadians of different generations think debt

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

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

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

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

International Real Estate: London is still London

International Real Estate: London is still London

From the United States to Great Britain, there is a lot of anxiety about the future and that kind of instability can have a strong impact on housing prices around the globe. While the situation South of the border is still too fresh to fully assess the situation, there is much talk of what will