Toronto’s housing market is teaching all Canadians a lesson on how overrated it is to have your house soar in value. April was a routinely brisk month for housing in the city and surrounding region – average prices rose to $739,082 from $636,094 a year ago, or 16.2 per cent. Commentary from the Toronto […]
Toronto Detached Home Average Price $1.3-million – as listings dry up
Toronto home prices surged in April as listings dried up, sparking a tumble in sales. “As we move into the busiest time of the year, in terms of sales volume, strong competition between buyers will continue to push home prices higher,” Jason Mercer, director of market analysis at the Toronto Real Estate Board, said […]
Province of Ontario now allows Toronto to force developers to build affordable housing
Municipalities will have the power to force developers to build affordable housing under new legislation introduced at Queen’s Park Wednesday, May 18, 2016. The Promoting Affordable Housing Act will allow municipalities to implement “inclusionary zoning,” which would mandate affordable units be included in residential properties. Inclusionary zoning is used in the United States and […]
Condo market joins in Toronto’s real estate boom in 2016
The bidding melees that have flummoxed Toronto house hunters for years are erupting with increasing frequency in the condo market. A one-bedroom-plus-den near Trinity Bellwoods Park on Queen Street West recently landed on the market with an asking price of $499,000. Robin Pope, of Pope Real Estate Ltd., took a pair of buyers to […]
5 things to know when buying a home in the GTHA
If you’re thinking about buying a place to live in the Greater Toronto and Hamilton Area (GTHA), the price of housing is likely top of mind. And with prices continuing to go up — such as in Hamilton’s hot market — you may feel that what you can afford will limit where you can […]