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 […]

GTA Housing Market Regains Strength

September 15, 2018 Danielle Kubes 0

By: Zoocasa Both prices and sales in the Greater Toronto Area are up this August, reports the Toronto Real Estate Board (TREB), continuing a positive trend first seen in June. TREB reported 6,839 sales through the MLS system, up 8.5 per cent from last August. The average property in the GTA now sells for $765,270, up 4.7 per cent year over […]

GTA Property Sales and Prices on the Upswing This July

August 20, 2018 Danielle Kubes 0

By: Zoocasa After a shaky first half of the year in the Greater Toronto Area housing market, July finally saw sales activity and property prices rise. The Toronto Real Estate Board (TREB) reported the average property price rose 4.8 per cent to $782,129 from July 2017 and a sales increase of 18.6 per cent. June to July saw the highest level […]

How Land Transfer Tax Differs Across Canada

July 16, 2018 Danielle Kubes 0

By: Zoocasa Purchasing a home in Canada is expensive enough as it is: with the average home price reaching almost half-a-million dollars, according to the most recent data by the Canadian Real Estate Association, a property is already out of reach for many Canadians. Add closing costs to that figure — a home inspection, PST on CMHC insurance, legal feels and […]

All property types in GTA remain over half-a-million dollars

June 16, 2018 Danielle Kubes 0

By: Zoocasa Despite the doom and gloom housing market headlines, there has yet to be any price crash in Toronto. Although certain market segments have softened from their peak in early 2017– detached housing prices in particular remain higher than they were in 2016 and unaffordable for most. Across the Greater Toronto Area, all property types had an average selling price […]

One year later: did the Ontario Fair Housing Plan work?

May 14, 2018 Danielle Kubes 0

By: Zoocasa In April 2017 Ontario announced its Fair Housing Plan intended to cool the housing market, amid cries that it was overheated. Indeed, the first quarter of 2017 saw an extremely tight market  with the lowest levels of inventory in a decade and intense buyer demand. Properties had climbed to about $921,000 in the Greater Toronto Area by April 2017, […]

GTA properties take twice as long to sell this March

April 16, 2018 Danielle Kubes 0

By: Zoocasa Prospective buyers appear to be taking their time this March before plunging in and purchasing. A Greater Toronto Area property  is taking 20 days to sell this month, compared to just 10 days last year, according to the Toronto Real Estate Board (TREB). That’s likely because of the increase in inventory; this March has two to three months of […]

Toronto Detached Toronto Homes: Too Expensive to Sell? (Infographic)

March 14, 2018 Danielle Kubes 0

By: Zoocasa Prices for detached houses in the City of Toronto dropped 18.6 per cent this February to an average selling price of $1,282,240 from last year, according to data from the Toronto Real Estate Board (TREB). That’s an extreme price plunge compared to all other market segments.  Semi-detached housing declined 9 per cent, while townhouses grew 15.5 per cent and […]

Detached Homes Drag Toronto’s Housing Market: Infographic

February 13, 2018 Danielle Kubes 0

By: Zoocasa Detached houses in the 905 dragged down the average property price in the Greater Toronto Area this January, according to numbers released by the Toronto Real Estate Board (TREB).    Detached houses were down 9.1 per cent overall to $970,823 from last January, but most of that decrease was seen outside the City of Toronto. Detached Toronto houses saw […]