Category: Toronto News Posts

Category: Toronto News Posts Birchmount and Danforth homes for sale, Birchmount and Danforth real estate, Max Seal, Broker

  For Sellers, Birchmount and Danforth Homes for Sale, Central Toronto   Are you thinking to sell your house in Birchmount and Danforth area?   For a “Free Market Evaluation”, please click the “Free Market Analysis Online” image below and complete and send the “Market Evaluation” form.   Please call or text Max Seal, Broker at 647-294-1177 or click Contact Max link and send an email for a FREE 30 min. consultation with NO obligation. We keep all personal information confidential and it will be used for ‘Market Evaluation’ only.     For Buyers, Birchmount and Danforth Homes for Sale,

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Category: Toronto News Posts Toronto’s deflating housing sales in 2017, in one chart

  Home sales in Canada’s largest city slowed down for the third month in a row, according to numbers released from the Toronto Real Estate Board. That came as new obtained listings went up 16 per cent, and as active listings surged over the year 2016. The median house price still increased 6.3 per cent on the year, but that’s well off the blistering annual price increase of just a few months ago.   The June numbers delivered further proof that the slew of new measures implemented by the Ontario government in April–from a new foreign purchasers tax to rent

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Category: Toronto News Posts Toronto’s housing market declines in May, 2017, what is next

  After a long period of extraordinary home sales and housing price growth, the Toronto Real Estate Board( TREB) reported that the Greater Toronto Area’s housing market posted the first decline of this year in May, 2017 since a market that’s been hot for at the least the last two years. But will this be a one-month blip, or a turning point followed by falling costs and sales in the coming months? Forecasting real estate market performance is a tricky business. But a closer look at the TREB data seems to provide enough support for a reasonable call – sales

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Category: Toronto News Posts Average sale price for a GTA home skyrockets 12.3 per cent in June, 2015 TREB

June was an intensely busy month for real estate in the GTA with both sales and prices experiencing double-digit growth. According to figures released Tuesday by the Toronto Real Estate Board (TREB), the GTA saw 11,992 sales of existing homes in June, a year-over-year increase of 18.4 per cent and a new record for the month. Though sales were up among all property types, condos saw the highest growth rate. They accounted for 2,700 of the sales in June, a 22.4 per cent increase over June 2014.   Prices also took a giant leap upward. The average sale price last month for

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Category: Toronto News Posts Home sales hit all-time high in October, setting up GTA for record-breaking 2015

Homes are selling in record numbers in the Greater Toronto Area. Some 8,804 homes across all housing types — detached, semi-detached, townhomes and condos — were sold through the Toronto Real Estate Board’s (TREB) MLS system in October, the board said today. The figure represents a 3.4 per cent year-over-year increase in resale activity. “It is clear that many GTA households remain upbeat about home ownership because owning a home represents a high quality, long-term investment,” Mark McLean, the board’s president. McLean expects this will be a record year for sales through TREB’s MLS.   Last year’s 92,867 transactions almost

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Category: Toronto News Posts New low-rise home prices in the GTA hit all-time high in July, 2015

The average asking price for new low-rise homes and new high-rise homes per square foot both reached new highs last month in the GTA, according to numbers released Thursday from market research firm RealNet. For new low-rise homes, which include detached and semi-detached homes as well as townhomes, the average asking price hit a record-setting $806,391 last month, according to RealNet’s New Home Price Index. The increase is part of a larger trend that has seen low-rise home prices jump up by 109 per cent in the last decade.   Meanwhile, the average price in the GTA for a new

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Category: Toronto News Posts GTA home sales post fourth consecutive record breaking month in July, 2015

July, 2015 marked another record breaking month for the GTA housing market with the region’s realtors reporting 9,880 sales through the Toronto Real Estate Board’s (TREB) MLS System. The sales total amounted to an eight per cent increase over July 2014. The GTA market has now broken sales records for four consecutive months and is on track for a new record for homes sales this year, according to TREB President Mark McLean. Transactions were up for all major home types, with particular strength seen in the resale condo market. Condo sales were up 14.4 per cent in the GTA over last July, with

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Category: Toronto News Posts How detached house prices compared across Toronto in the first half of 2015

  The year, 2015, so far has been particularly pricey for house hunters hoping for a detached home in the City of Toronto. In February, 2015, the average sale price for the in-demand property type rose above the million dollar mark and hasn’t come down since. In June, 2015 the average sale price for a detached house in the city rose 14.2 per cent, year-over-year, to $1,051,912.   But in some parts of Toronto a detached home averages nearly half that amount. We looked into MLS data for the first six months of the year to see where house hunters are most likely

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Category: Toronto News Posts GTA home sales surge 15.7 per cent in first half of June, 2015 TREB

Fresh off the heels of a record-breaking month for home sales in May, 2015, Toronto’s resale housing market saw a new high for transactions in the first two week of June, 2015 There were 5,661 sales of existing homes in the GTA in the first half of the month according to Toronto Real Estate Board (TREB) figures released Tuesday, a 15.7 per cent increase over the same time in 2014.   Though each property type recorded an increase in sales, detached homes remained a huge driver of the market. There were 2,814 detached house sales in the GTA, or nearly half of

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Category: Toronto News Posts GTA breaks monthly home sales record for May, 2015 despite dip in listings TREB

Photo: James Bombales The GTA recorded 11,706 sales of existing homes in May, a 6.3 per cent increase over the same time last year and a new record for the month. Despite the flurry of activity, the market remains quite tight with the Toronto Real Estate Board (TREB) reporting a 10.1 per cent drop in active listings, year-over-year, and a 0.8 decline in new listings. The lack of stock was felt in the low-rise sector in the City of Toronto especially. Detached house sales in the city fell 6 per cent from last May and were the only property type to measure an

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