What are the characteristics of the new pre-construction condo buyers in Toronto’s property market? These buyers buy out the most and best condo units in the condo building towers during the pre-sales period from the hundred of new condo builders across Toronto area. Close to 50 per cent (50%) of the mortgages […]
foreign buyer tax
Toronto home prices down more in August, 2017
The Realtors and the Economists are looking at a return to normal in Toronto’s housing market despite a fourth consecutive month-to-month dropped in median residence prices. The Toronto Real Estate Board( TREB) reported that the average cost of a home in August — $732,292 (including all house types and condos) — was still up […]
Toronto home sellers and buyers are watching the waiting game in August, 2017
The Toronto real estate market is stalled and buyers and sellers are waiting to see what will happen when it comes back in September. “They’re not sure whether the market slowed down for the summer for normal, seasonal marketplace reasons, or whether we’re on a downward slope,” tells Mr. Kholodov, an agent. For now, […]
Toronto house prices dip in May, 2017 but tight supply keeps prices up
Toronto region home prices dipped slightly from April to May — down $55,604 on average — but were still 15 per cent higher than May 2016, as the supply of resale house and condo listings rose 43 per cent of the same time over year. The average house price last month was $863,910 — […]
Toronto area home sales drop in May, 2017 after cooling measures
House sales fell 26 per cent in the Toronto region in May, 2017 following the Ontario government’s introduction of a foreign-buyer’s tax as many potential purchasers stepped back and waited to assess the market condotion. In the 30 days after the province of Ontario announced the immediate introduction of a 15 -per-cent foreign-buyer’s excise on […]
