Another record month of real estate sales for the GTA and Covid 19 had nothing to do with it!
There are 5 major factors that are keeping the real estate market at record levels:
Ridiculously low interest rates (1.5%) attracting new buyers into the market who can now qualify to buy.
A strong economic recovery for many business sectors.
Many Canadians ”cash” rich from not spending on trips etc. as well as getting government...
A huge month of sales for the GTA area as realtors reported the sale of 7,256 homes, up 45.6% over the 4,982 homes sold in February 2019, with the average price increasing 16.7% to $910,290.
While this seems to be good news for homeowners, the reality is its not, unless one has no intentions of purchasing another property, but simply cashing out. For those first time who purchased in the last little while, congratulations! You are in the market, and will keep...
It’s a strong, active real estate market, and the Toronto Real Estate Board’s prediction of a 10% increase in both number and sales seems to be holding up as TREB members reported 4,581 home sales in January 2020 – up by 15.4 % compared to January 2019. The average selling price in January was up by 12.3 %, driven by the detached and condominium apartment segments in the City of Toronto.
The average price for the whole Toronto Real...
Toronto Real Estate Board members sold 4,945 homes in December, bringing the 2015 calendar year total to 101,299. This 9.2 % increase over 2014’s 92,782 sales, marked 2015 as the best year in the history of the Board. The average selling price for 2015 as a whole was $622,217 – up 9.8 % compared to $566,624 in 2014.
City of Toronto Average price $659,270
Aurora Average price ...
Class of 2015 #6 & #7 (Jan. 29-30)
The Silver Dollar's annual music honour roll series is coming to a close this weekend, but there are still two shows left on tap. On Friday catch The Dreamboats, King Creep, Tough Age, The Mercy Now and Billy Moon. If you want to see even more bands, you can catch Goodbye Honolulu, Convoys, Dirty Safes and more on Saturday.
Smiling Buddha's 1.5-Year...
Family Day Weekend Events offer plenty of options for bonding with (or escaping from) your loved ones. Since NBA All-Star Weekend and Valentine's Day are happening this weekend, the city is stacked with parties and other happenings. Whether you want to celebrate with themed events or ignore basketball and romance completely, there's something on tap for you.
For more events this weekend click on over to our events section.
NBA ALL-STAR WEEKEND
NBA All-Star Weekend...
FEBRUARY 2016 TREB MID-MONTH STATISTICS
Greater Toronto REALTORS® are passionate about their work. They are governed by a strict Code of Ethics and share a
state-of-the-art Multiple Listing Service®. Over 43,000 TREB Residential and Commercial Members serve consumers in the
Greater Toronto Area. TREB is Canada’s largest real estate board.
February 19, 2016 – Greater Toronto Area REALTORS® reported 3,500 sales through TREB’s MLS® System during the...
An Assignment! Scenic III on Eglinton by Aspen Ridge Homes. A corner unit, over 900 sqft plus balcony. Southern exposure, 2 Bds and 2 baths. Open concept kitchen, granite tops, centre island, laminate floor, parking and locker. Steps 2 LRT and minutes 2 downtown. Maintenance fee $0.49 /sqft. Confirmed occupancy date, September 22, 2016.
The real estate market in the GTA has performed very strongly in the first quarter of 2016 with both sales and prices rising. Sales in the first quarter and in the month of March were up by 16% from last year. This strength is also reflected in prices with average prices increasing by 12% to $688,181 from March, 2015. Prices for the first quarter rose by 14% from the same quarter last year.
With spring upon us and warmer weather around...