We need the facts about the extent to which foreign customers are driving up real estate costs in Toronto. It’s time for the federal and provincial governments to collect the necessary data on the sale of housing to foreign-based buyers. Without reliable facts and figures, it’s impossible to define policy, protect the dream of […]
Foreign buyers account for only 5 per cent of Toronto home sales in 2016
Don’t blame overseas investors for the prices of housing in the Toronto area, says the Toronto Real Estate Board (TREB). The board has announced the result of a new research indicating fewer than 5 per cent of the sales of the 113,133 residential real estate transactions in the Toronto region in 2016 involved foreign buyers. More […]
Toronto condo buyers face the market squeeze
One of the interesting surprises of the resale marketplace in 2016 in the Greater Toronto Area was the strength of the condo market. The lack of listings in the single-family home category persuaded many potential purchasers to take another look at high-rise living. The trend appears to be continuing in 2017. In 2016, sales […]
Greater Toronto Area continues to boom with $ 1-million-plus home sales
The $1-million price range isn’t so exclusive any longer, as a record number of homes sold for at least that much and a lot more in the Greater Toronto Area last year. In the GTA, 19,692 properties sold last year for $1-million or higher, a 77 -per-cent surge compared against 2015, according to […]
What you can be expecting to buy or sell a home in 2017
Interest Rates The inching up of interest rates and most stringent mortgage rules are among the factors that could play a role in tempering sales in the red-hot Toronto region market, mentions Jason Mercer, Manager of Market Analysis for Toronto Real Estate Board (TREB). Those results could be enough for some households to put […]
