It could be the barely disguised frustration of sellers, who listed their homes this spring expecting to attract cut-throat bids from desperate, over-extended purchasers. Instead they are seeing fewer showings and fewer offers.Toronto area home costs dipped about 7 per cent in May, 2017 compared to April, 2017 but remained about 15 per cent […]
home price appreciation
Toronto housing prices down slightly in May, 2017 but tight supply keeps prices up
Toronto region home prices dipped slightly from April to May, 2017 — down $55,604 on average — but were still 15 per cent of the members higher than May 2016, as the supplying of resale house and condo listings rose 43 per cent of the members time over year. The average home cost last-place […]
Toronto area home sales sink in May, 2017 after cooling actions
House sales fell 26 per cent in the Toronto region in May, 2017 after the Ontario government’s introduction of a foreign-buyer’s tax as many potential purchasers stepped back and waited to assess the market impact. In the 30 days after the province of Ontario announced the immediate introduction of a 15 -per-cent foreign-buyer’s tax on April 20, […]
What an average priced Toronto house looked like in March, 2017
The average price for a detached house in Toronto is $1,561,780, at least according to the latest Toronto Real Estate Board’s latest report. For that much money, you should be able to get a whole lot of house, right? Not always. While you won’t be able to buy a mansion for $1.5 million, you […]
Lack of homes to drive Toronto prices in 2017
A lack of homes for sale ought to be able to drive Toronto’s sizzling housing market to another year of double-digit price increases, the city’s real estate board told Tuesday. The Toronto Real Estate Board said the average price for all types of housing is forecast to rise to about $825,000 — up from […]