Toronto

Submitted by Jasmina on Wed, 2015-08-19 15:54.

You already know that Toronto house prices are now averaging $1 million, but did you know that a similar detached home in Richmond Hill will cost a move-up home buyer $150,000 more? It's hard to believe, but Toronto MLS Sold Data reveals this strange truth:

What's a move-up home buyer to do?

Submitted by Jasmina on Sun, 2014-08-31 14:54.

Since paying attention to seasonal trends in the real estate market can give you an advantage, here is a little gift from my collection of historical home sales data on Toronto MLS – a graph based on trends from the past 5 years:

Download full PDF Report

What do these Seasonal Patterns tell us?


Submitted by Jasmina on Fri, 2010-04-09 20:21.

Shocking Truth: 2 out of 3 Listings Do Not Sell in the GTA!

Most owners think that their homes are special, will bring a good price and will sell quickly. The sad truth is that selling your home in Toronto Area can be frustrating.  A lot of all new listings that go on the market eventually expire with the home still unsold. Toronto Real Estate Board stats reveal that even in the Sellers Market only 1 in 3 Real Estate listings actually sells:

TREB MLS Ratio of Sold to Available Listings

How to Avoid Becoming an Expired Listing?

Submitted by Jasmina on Wed, 2009-06-24 08:17.

If you are one of the buyers who was waiting for home prices to come down more, than you have missed the housing market bottom in the GTA. But don't worry, you can still find great deals in the areas & home types that depreciated more during this downturn.

Toronto neighbourhoods to look at

Submitted by Jasmina on Fri, 2009-02-20 22:23.

Value Packed 2 Bedroom, 2 Bathroom City CondominiumHome for Sale #020

Why not start in style with this Exquisite Townhouse Condo in demanded North York area? Extra quality improvements have been made by the current owner, including brand new kitchen and new bathrooms. Huge Living/Dining Room is ideal for entertaining guests and has walk-out to a patio where you can enjoy a BBQ or just relax. A well managed condo building with great recreational facilities, close to excellent schools, shopping mall, 404, 407, TTC. Make your first home one you want to keep!

Seniors Will Get A Chair Lift To Independent Living

This home is suitable for Accessible Independent Living. It has an Electric Stair Chair Lift which is of high utility value for physically disabled people. If not needed, the stair lift will be removed by seller.

Want to Look Inside?

Submitted by Jasmina on Thu, 2008-06-19 01:44.

The Greater Toronto Area (GTA) communities that experienced strong activity in the first half of June are:

  • mid-June Toronto Resale Housing Market performanceRichmond Hill South (N03) experienced strong detached home sales, which resulted in a five per cent increase from mid-June 2007.
  • In Caledon (W28) detached home transactions led to a nine per cent increase in sales over the same period a year ago.
  • Condominium apartment transactions also drove West Agincourt (E05) to a 24 per cent increase in sales compared to the same timeframe a year ago.
  • In Riverdale (E01) transactions increased 28 per cent compared to the first half of June 2007 driven by strong condominium apartment sales.

Resale home prices continued their upward trend in the first half of this month

The Greater Toronto Area (GTA) average price is currently $398,542, up four per cent over the $384,576 average from the same timeframe a year ago and up 11 per cent from the $358,648 recorded at mid-June 2006.

Submitted by Jasmina on Mon, 2008-05-26 23:06.

Past weeks were unbelievably busy for me and I didn't have time to post some great news about Richmond Hill Real Estate Market and just released Scotiabank Real Estate Forecast for Canada:

(1) Real Estate Outlook: No Major Correction in Canada's Housing Market

The latest Real Estate Trends Report issued by The Bank of Nova Scotia explains why the market has a more stable base than it did prior to the crashes of the 70s and 80s. Adrienne Warren, senior economist at Scotiabank, said there are a variety of reasons for confidence in the continued health of the housing market:

  1. Unlike in the US, home prices in Canada are not substantially overvalued
  2. Speculative home buying is not widespread
  3. The real estate market is not overbuilt
  4. Households are not over-leveraged and
  5. Overall mortgage quality is still sound.

Still, the 10 per cent average annual increase in home prices over the past half decade was unsustainable, and a return to more historical norms is a welcome development, she said. "We predict a soft landing for the Canadian housing market, with somewhat lower sales and construction, and a period of relatively flat inflation-adjusted home prices... We expect overall sales volumes in 2008 to total about 15% below last year’s record levels, and home prices to increase on average by about 5%," Ms. Warren said.

The past decade has been one of the best on record for residential real estate in the Toronto area. Housing boom is ending, but there is no bubble to burst in The Greater Toronto Area real estate market.

(2) Toronto Real Estate Board: GTA Resale Housing Market Highlights

Greater Toronto Area neighbourhoods that experienced heightened activity during the first half of May are:


Submitted by Jasmina on Tue, 2008-05-20 00:49.
2008-05-24 10:00
2008-05-25 05:00

Doors Open Toronto 2007 This annual citywide event invites the public to visit buildings that define our communities. From heritage landmarks to modern structures, up to 140 buildings open their doors. The 9th annual Doors Open Toronto features a special focus on the city's Sacred Spaces, Sacred Circles:

  • Many buildings are not normally open to the public and all venues feature behind-the-scenes tours, exhibits, activities and/or talks.
  • No tickets or pre-registration required - admission is free to all buildings!
  • Many sites offer kid-friendly activities.
  • Organizers will animate a dozen Doors Open Toronto venues with special performances.

Submitted by Jasmina on Tue, 2008-04-29 14:49.

TREB mid-April existing-home sales figures wash away fears of Toronto real estate collapse and prove 'doomsayers' wrong. It was nasty winter weather and recently introduced Toronto Municipal Land Transfer Tax (LTT) that kept both buyers & sellers on the fence and contributed to the sluggish first quarter.

GTA Real Estate Market Heating up: Top Performing Neighbourhoods this Spring

    Toronto Housing Market Heating Up this Spring!
  • Willowdale (C07) saw a 75 per cent overall increase in transactions, driven by strong, detached, condo-apartment, and condo-townhouse sales.
  • In Vaughan/Thornhill (N02), transactions increased by 53 per cent compared to mid-April 2007, as a result of strong detached home sales.
  • Strong detached home sales also drove Brampton East (W24) to 37 per cent compared to the same timeframe a year ago.
  • In Riverdale (E01) transactions are up 10 per cent, also as a result of strong detached home sales.

Greater Toronto Area Home Prices have Risen 7%


Submitted by Jasmina on Wed, 2008-02-20 21:18.

A few neighborhoods both within and outside of the 416 area code saw increased sales over the first half of February, 2007:

  • Central Richmond Hill (N04) experienced a notable increase in sales compared to the same timeframe last year. Transactions were up 21 per cent, primarily due to an increase in attached row sales.
  • In Ajax (E14) sales were up 11 per cent compared to mid-February 2007, based mainly on an increase in detached home sales.
  • In the West region, the W03 (York South) district saw a 41 per cent increase in transactions, driven by strong sales of semi-detached homes.

Although Resale Home transactions in other Greater Toronto Area MLS districts declined in the first two weeks of February, several positive factors were also noted:


Submitted by Jasmina on Wed, 2008-02-06 11:26.

A strong performance within TREB's Central districts drove the Toronto area real estate market to a healthy 5,073 sales in January, off just two per cent from last year's record performance, Toronto Real Estate Board President Maureen O'Neill announced yesterday.

While sales were strong, price increases remained modest, with the average rising six per cent (compared to January 2007) to $374,449. There is clearly still a place for the first-time home buyer in today's resale market, said Ms. O'Neill.

The strongest activity last month took place in Toronto's Central and East MLS districts:


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Submitted by Jasmina on Fri, 2007-11-23 01:37.

Sales of existing homes in Greater Toronto Area set an annual record early!

TREB, November 19, 2007 -- 2007 has already become the best year on record for resale homes in the Greater Toronto Area. 84,994 properties have changed hands, as compared to 84,145 sales in 2005, our previous best year, Toronto Real Estate Board (TREB) President Maureen O’Neill announced today. "All of the economic conditions remain in place for a strong housing market in the GTA. The unemployment rate fell by approximately half a percent last month, Statistics Canada anticipates sustained immigration throughout the next decade and mortgage rates remain historically low," said Ms. O’Neill. "Toronto is a very vibrant city in which to live and compared to other urban centres like New York, Los Angeles and London, our housing is very affordable."

Toronto Star, November 20, 2007 -- "Generally speaking, it's odd to see a real estate cycle last this long," says Ted Tsiakopoulos, Ontario regional economist for the Canada Mortgage and Housing Corp. "It seems we've reached a new paradigm where low interest rates, low inflation and a steady job market have kept this going a while longer than most people thought." Other factors at play in 2007 include the introduction of longer-term amortizations in the market, which has allowed new buyers to get a foot in the door, and higher new-home prices that have pushed people back into the resale market, says Tsiakopoulos.

November GTA Home Sales Highlights


Submitted by Jasmina on Wed, 2007-11-14 03:42.

Toronto City Council has approved a Municipal Land Transfer Tax (LTT) that will be levied on top of the Provincial Land Transfer Tax. The Toronto Real Estate Board (TREB) worked very hard to oppose the new LTT.

Google Gadget Calculator compares Ontario & Toronto Land Transfer Taxes

Add to Google Feel free to add my Land Transfer Tax Calculator Gadget to your iGoogle home page to determine what Toronto LTT will cost you and see if it's time to consider moving to York Region and other 905 areas, where you pay only the Ontario Land Transfer Tax and get bigger homes for less money:

Submitted by Jasmina on Fri, 2007-08-24 01:08.

Resale home transactions in Greater Toronto Area reached unprecedented heights in the first half of August, up 17% from the same period in 2006. Richmond Hill was among the GTA areas with record MLS home sales activity:

  • This month, Detached and Condominium Apartment sales in South Richmond Hill (MLS district N03) fueled an overall increased of 41% as compared to the same timeframe a year ago.
  • Last month, transactions in Central Richmond Hill (MLS district N04) increased 77% over July 2006, due to a 100% increase in Attached / Row-House sales and strong performances in most other house types.

“The market has shown tremendous strength in recent months” said Toronto Real Estate Board President Donald Bentley. “Given that August sales have been brisk thus far and that the past four consecutive months have all set records, we are looking forward to a robust fall market.”

What Does Market Volatility Mean for Canadian Real Estate?


Submitted by Jasmina on Sat, 2007-08-18 08:54.

Where To Buy the Next House in Toronto?

"Home at Last" Real Estate Special in Toronto Life

Toronto Life, September 2007 issue features an article on five pockets of Toronto that, through the incremental magic of gentrification, are about to take off. For each neighbourhood, "Home at Last" article lists favourite local schools, restaurants and shops; celebrity residents; best bets for commuters; as well as recent home sales in low, medium and high-end. 11-page Real Estate Special describes

5 Up-and-Coming Neighbourhoods in The City:

  1. Beaconsfield Village, THE NEXT TRINITY-BELLWOODS:
    When the artists arrived, it was only a matter of minutes before the once-spooky strip came to life with galleries, hipster bars and a gym with dog-sitting.

  2. Hillcrest, THE NEXT ANNEX:
    Sprawling Edwardian fixer-uppers on winding streets make for sweet deals. Equally charming are St. Clair's dueling patisseries, yoga studios and coffee joints aplenty.


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