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. […]

Mortgage Stress Test Slows National Housing Market: CREA

January 14, 2019 Danielle Kubes 0

By: Zoocasa The Canadian Real Estate Association blames tighter mortgage lending rules for sliding sales and slow price growth for single-family homes this November. National home sales fell 2.3 per cent from October to November and 12.6 per cent year over year. At the same time, both one-storey and two-storey single-family homes gained less than 1 per cent. It appears […]

Competition Increases for Toronto Home Buyers this November

December 13, 2018 Danielle Kubes 0

By: Zoocasa Lack of housing supply continues to be an issue in Toronto this November as the Toronto Real Estate Board reports that new listings fell further than sales. MLS listings in Toronto from November show that new listings are down 26 per cent year over year to 10,534 while sales are down only 14.7 per cent to 6,251.  Sales […]

Toronto Real Estate: Housing Market Stable this Fall

November 12, 2018 Danielle Kubes 0

By: Zoocasa Home sales and prices rose this October in the Greater Toronto Area across the board, according to data recently released by the Toronto Real Estate Board. Sales are up 6 per cent year over year to 7,492 homes sold and prices are up 3.5 per cent to $807,340. “Annual sales growth has been positive since the late spring. While […]