Sales and Prices Surge in the 905 Housing Market This February

March 18, 2020 Danielle Kubes 0

By: Zoocasa The 905 real estate market experienced explosive growth along with the City of Toronto this February, according to the latest report by the Toronto Regional Real Estate Board (TRREB).  Detached home prices in the 905-area markets were up 14.1% to $1,017,573 while condo units jumped 19.3% to $534,688. Meanwhile, prices for 416 condos rose 18% to $722,675 and 14.4% […]

GTA Housing Market Almost Fully Recovered in December: TREB

January 30, 2020 Danielle Kubes 0

By: Zoocasa The Toronto Real Estate Board (TREB) reports that the housing market has undergone almost a complete recovery in 2019. The rockiness seen in late 2017 and throughout 2018 due to the tighter mortgage lending rules and the Ontario Fair Housing Plan has been almost entirely offset. Prices in December have now surpassed those posted in the 2016 and early […]

Toronto housing market sees strongest annual price jump this November

December 13, 2019 Danielle Kubes 0

By: Zoocasa November saw the strongest annual growth for Toronto property prices, reports the Toronto Real Estate Board (TREB). Property prices for houses for sale in Toronto climbed 7% from November 2018 to $843,637. November likely picked up because buyers have adjusted to new market conditions, which include tighter mortgage lending rules and policies from Ontario’s 2017 Fair Housing Plan. Sales […]

Toronto Home Sales Remain Robust this October: TREB

November 30, 2019 Danielle Kubes 0

By: Zoocasa The Toronto housing market is officially on the rise, with prices rising above inflation this October. The Toronto Real Estate Board reports Greater Toronto Area  prices rose 5.5% year over year to $852,142. In the 905, single-family homes rose 4.2% to $952,574, semi-detached homes grew 4.7% to $690,599, townhouses just 2.7% to $638,672 and condos a whopping 10% to […]

Suburban Property Prices Outpace the 416 this September

October 8, 2019 Danielle Kubes 1

By: Zoocasa Property prices in the suburbs of the Greater Toronto Area are outpacing those in the 416 this September, according to the Toronto Real Estate Board’s monthly housing report.  While the average selling price for all home types across the entire GTA was up by 5.8% to $843,115 year over year, much of that growth is due to the 905.  […]

Is the 416 Just Too Expensive for Home Buyers?

September 21, 2019 Danielle Kubes 1

By: Zoocasa The City of Toronto appears to simply be getting too expensive for prospective buyers. The Toronto Real Estate Board released its August report detailing MLS data and the state of the housing market recently and the figures are astonishing. Sold house prices in Toronto rose 0.3 year over year to $1,246,392 — but that doesn’t tell the full story. […]

What’s the most affordable city in Canada to buy a condo?

June 3, 2019 Danielle Kubes 0

By: Zoocasa Regina is the most affordable city in Canada to buy a condo, according to a recent report by Zoocasa, with three-quarters of residents earning about $40,000, which is enough to get a foothold on the property ladder. But unless you’re in the top quartile of earners, you can forget about Vancouver condos for sale, where residents would have to […]

Families should consider heading to the 905 for bargain real estate

April 13, 2019 Danielle Kubes 0

By: Zoocasa The suburbs outside of Toronto continue to be a region where prospective home buyers can get more bank for their buck. The Toronto Real Estate Board recently reported that the average single-family home sold for around $910,500 this March in the 905, compared to almost $1,270,000 in Toronto. Really, the disparity for single-family homes is even greater than those […]

Toronto Housing Market Remains Slow in February

March 17, 2019 Danielle Kubes 0

By: Zoocasa The Toronto housing market remains slow in February, with the Toronto Real Estate Board reporting declining sales and stable housing prices. Sales declined 2.5 per cent to 5,025 transactions, while property prices edged up 1.5 per cent to $780,400. TREB blames the lackluster February on the mortgage stress test implemented in January 2018 for reducing affordability and making it […]

Toronto Housing Market Stable So Far In 2019

February 12, 2019 Danielle Kubes 0

By: Zoocasa The Greater Toronto Area’s housing market is off to a steady start this January, reports the Toronto Real Estate Board (TREB). January numbers show a stable real estate landscape, with prices and sales slightly up from January 2018. Sales are up 0.6 per cent year over year to 4,009  transactions, while prices are up 1.7 per cent to $748,328. […]