The Greater Toronto Area’s detached home market is making a comeback!
For the longest time, detached homes were the most popular housing type. Even when prices were skyrocketing, detached home sales in the resale market were still higher than townhomes and semis.
Pent up demand supporting strong price growth in resale housing market
The Greater Toronto Area resale housing market had a strong spring, and summer started off strong, too. Based on the latest market figures from the Toronto Real Estate Board, summer is still hot!
3 reasons why the mortgage stress test should not change (for now)
The mortgage stress test has been a hot topic since it was first introduced in 2018. Some in the real estate industry believe the policy has done its job and it’s time to revise it, and some believe it should remain the way it is.
Resale condo market remains tight through the first half of the year
According to the Toronto Real Estate Board, there were 7,038 condo sales reported through the MLS in the second quarter of 2019, which is a year-over-year increase of 3.2%.
3-bedroom condo leases in the Greater Toronto Area soar by 47%
According to the Toronto Real Estate Board’s second quarter data, there were 9,749 condos rented through the MLS system in the second quarter of the year. This is nearly a 15% year-over-year increase.
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%.
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.
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.
Average price of a resale condo unit in Toronto surpasses $600,000
The Toronto Real Estate Board released its resale condo market statistics for the first quarter of 2019, reporting a slight drop in sales and a little jump in average price.
Greater Toronto Area rental supply on the rise, but it’s still not enough
The Toronto Real Estate Board released its rental market figures for the first quarter of 2019, reporting an increase in both listings and leases of condo apartments in the Greater Toronto Area.
