Canadian home prices expected to rise this year, fuelled by Toronto real estate
If you were waiting for home prices to drop before buying, you may have missed your chance. There was a slight cooling period through 2018 and even earlier this year, but according to a new study, prices are on the rise.
Rightsizing boomers putting pressure on the luxury condo market
Due to strong population gains, a stable labour market, healthy employment rate and increasing household budgets, the GTA’s top-tier market was pretty active in the first six months of the year.
Spring ends on a high note as Greater Toronto Area home sales spike more than 10%
TREB released its monthly resale housing market figures, announcing that 8,860 sales were reported through the MLS system. When looking at the first half of the year, home sales are up 8.5% and new listings increased by less than 1%.
Canadian home sales remain strong through spring
According to the Canadian Real Estate Association, Canadian home sales increased 1.9% in May compared to April 2019, hitting the 10-year average for the month.
These tips will help you sell your home this summer
Sales are still outpacing new listings in the resale market, but all that means is that it’s a seller’s market, so the summer may be a great time for you to list your home.
Resale housing market continues upswing, but still slower than long-term average
The Greater Toronto Area resale housing market continued its upswing as sales activity increased in May 2019, according to data from the Toronto Real Estate Board.
It will soon be easier to figure out how much your neighbour paid for their home
Less than a year ago, the Supreme Court rejected the Toronto Real Estate Board’s appeal to prevent brokerages and real estate agents from publishing sold data online. Now a whole crop of “proptech” companies have launched.
Canadian home sales bouncing back this spring!
The Canadian Real Estate Association released its housing figures for last month, reporting that sales on a national level increased 3.6% month-over-month, based on transactions reported through Canadian MLS systems.
Greater Toronto Area real estate heating up with the weather
In April, there were 9,042 home sales in the Greater Toronto Area reported through the MLS system, which is 16.8% higher than the same period last year. This is also 11.3% higher than the amount of sales in March 2019.
See why Brampton is one of the best places to live in Canada
It’s the oldest line in the real estate handbook, “location, location, location.” But what matters most to you? The Best Places to Live: Canada Liveability Report by RE/MAX may help you decide.
