Increasing Toronto Population: Is Development Catching Up? 5

Increasing Toronto Population: Is Development Catching Up?

Toronto has undergone a massive transformation in the past 20 years. While it has long held the title of Canada’s largest city, throughout the past two decades Toronto has gone from a moderately sized city, to one of the most important economic hubs and population centres in North America — even overtaking Chicago as the …

The Real Costs of Suburban Living in the GTA 12

The Real Costs of Suburban Living in the GTA

If you think living in the suburbs is cheaper than living downtown, think again. The latest data released by Canada Mortgage and Housing Corporation (CMHC) shows that, in the Greater Toronto Area (GTA), the added costs of commuting usually offset the savings achieved from buying a house in the suburbs surrounding Canada’s biggest city. Homeowners …

Toronto March Market Report: Market Steady in Q1 17

Toronto March Market Report: Market Steady in Q1

In March 2018 GTA Realtors reported 7,187 residential sales through TREB’s MLS® System. Curiously, this number is almost identical with sales in March 2018. There were 9.7 per cent fewer transactions in the condominium segment and a 1.9 per cent drop in the semi-detached homes segment. Both detached homes and townhouses were up in sales …

Toronto Office Condos: Theory Condos | 203 College Street 23

Toronto Office Condos: Theory Condos | 203 College Street

It’s no secret that condos have overtaken Toronto’s cityscape and real estate market. For two decades, the city’s skyline has been dominated by cranes building new condo towers that reflect the growing demand to live within Canada’s most populous city. Historically, most of these towers have been designated for residential use, but that trend is …

Pre-construction vs Resale: Which Condo Should You Buy? 39

Pre-construction vs Resale: Which Condo Should You Buy?

If you’re looking to buy your first property or possibly to invest in one, you’ll likely look into buying a condo. There are many major decisions to make in the condo-buying process. One is whether to purchase a pre-construction or a resale. Either option comes with its own pros and cons, and the pre-construction vs …

Toronto January Market Report: Balanced Market for Everyone 42

Toronto January Market Report: Balanced Market for Everyone

New year started strong across the Toronto real estate market. There are more sellers coming to the market. New listings went up by 10.5 per cent, with 9,456 properties listed for sale. With 11,962 active listings, the inventory seems to be finally filling up and the market might finally stabilize itself. Greater Toronto Area REALTORS® …

Sotheby’s 2018 Year End Top Tier Real Estate Report 47

Sotheby’s 2018 Year End Top Tier Real Estate Report

Sotheby’s International Realty Canada released their Top Tier Real Estate Report for end of 2018. Here’s what they had to say about GTA market: Despite transient market disruptions in the months following the April 2017 implementation of the Ontario Fair Housing Plan, and again in the first quarter of 2018 with the introduction of tighter …

What is an AVM? 48

What is an AVM?

In the past few years, Automated Valuation Modelling has become very popular within the Real Estate Industry. Appraisers started using AVM’s to assess the value of a residential property rather than going out and doing a full inspection of the property as happened in earlier years.

Toronto October 2018 Market Report: Never a Dull Moment 58

Toronto October 2018 Market Report: Never a Dull Moment

October was quite a busy month in Toronto real estate. GTA Realtors reported 7,492 sales through TREB’s MLS® System in October 2018, which makes for a 6 per cent increase in year-over-year comparison with October 2017. Detached homes sales were up by 7.1 per cent, semi-detached by 12.7 per cent and townhouses by 0.8 per …

Toronto September 2018 Market Report: Thinking like a Buyer 64

Toronto September 2018 Market Report: Thinking like a Buyer

Fall market started in Toronto with sales on the rise again. In September 2018 TREB Realtors reported 6,455 sales through TREB’s MLS® System, which makes this year’s sales 1.9 per cent higher than last year in September. Townhouses were the most popular segment with sales up by 8.5 per cent. Sales of detached and semi-detached …