Toronto’s detached real estate is having another rough month. Numbers from the Toronto Real Estate Board ( TREB) has been demonstrated that buyer indecision and substantial downward pressure to the detached home segment in July, 2017. Generally speaking, detached homes across TREB market area showed lower prices, less sales, and more inventory. Prices […]
Toronto News Posts
Home sales in Toronto go down in June, 2017
Home sales in the Greater Toronto Area decreased 37.3 per cent last month compared with a year ago, Toronto real estate board said Thursday as purchasers moved to the sidelines following the introduction of legislation that is targeted at cooling one of the most run away housing marketplaces in North America. The Toronto Real […]
Toronto’s deflating run away housing prices, in one chart
Home sales in Canada’s largest metropolis slowed down for the third largest month in a row, according to numbers released from the Toronto Real Estate Board. That came as new listings rose nearly 16 per cent, and as active listings surged over the year before. The average house price still increased 6.3 per cent […]
Foreign buyers behind merely 5 per cent of Toronto home sales in 2016
Don’t blame overseas investors for the high price of housing in the Toronto area, tells the Toronto Real Estate Board (TREB). The board has released new research stating fewer than 5 per cent of the 113,133 residential real estate transactions in the Toronto region in 2016 involved foreign buyers. More than half of those foreign buyers were […]
More Torontonians crave hard-to-find detached homes, survey says
More Torontonians are eyeing detached homes, although there are those properties are the most difficult to locate. A brand-new survey by the Ontario Real Estate Association surveyed 1,003 Ontarians looking to purchase a home. Fifty per cent of them said they plan to buy a detached home in the next two years. In Toronto, […]