Toronto is still North America's 4th largest city despite what Google says
Tags: Toronto, GTA
If you really want to get under a Toronto resident's skin, try telling them that you had no idea the city was so huge — that you're shocked by how many people live here and all the shiny skyscrapers we have. I mean, it's in CANADA, for crying out loud; a country with more beaver dams than people!* How could any Canadian city rival a real American capital? ...Read More
New forecast says 2021 will be second-best year ever for Toronto Home Sales
Tags: Toronto Home Sales, Homes in Toronto
Homebuyers were out in full force again in January, snapping up 6,928 homes across the Toronto region. And, according to a new forecast, this momentum out of the gate is expected to persist throughout the entire year. The Toronto Regional Real Estate Board (TRREB) released its 2021 Market Outlook this week, predicting that low interest rates, incremental economic improvements and widesp...Read More
Pandemic housing boom means affordability is no longer just a big-city problem
Tags: Homes in Toronto, Pandemic Housing
Canada’s housing market closed 2020 with a bang — another record-setting month for both home sales and prices. The number of existing properties that changed hands in December was 47 percent higher than in December of 2019, the largest year-over-year increase in 11 years, according to data released Friday by the Canadian Real Estate Association. The benchmark price of a hom...Read More
Younger Canadians moving away from big cities at record levels
Tags: Toronto, GTA, Housing
A record number of Canadians left major urban centers last year amid the pandemic, led by youth and young families. The nation’s three largest cities -- Toronto, Montreal and Vancouver -- saw a sharp jump in the number of citizens moving to suburbs, smaller towns and rural areas, according to Statistics Canada data released Thursday. A total of 87,444 people left those three cities between ...Read More
Toronto investors still earning hefty ROIs
Tags: Homes in Toronto, House Prices, Toronto Investors, Real Estate Investors GTA
If you think activity in Toronto’s condo market has decelerated, think again. “The information that’s not being reported, but that I see because I have to approve these and sign off on each one of them, is there are a lot of assignment sales right now,” said Sam Crignano, president of Cityzen Development Group. “This is information that isn’t reported on t...Read More
5 Canadian Housing Market Predictions for 2021
Tags: Homes in Toronto, Housing Market Predictions
It’s safe to say that 2020 was a year like no other, and as it draws to a thankful close, it’s time to start thinking about what’s in store for Canada’s housing market in 2021. After briefly being put on hold during the outbreak this spring, Canada’s housing market has since seen record-breaking growth, which is expected to continue into the new year. But what else ...Read More
Toronto condo prices fell 3%, suburban homes stayed hot in November
Tags: Homes in Toronto, House Prices, Toronto Condos
While “905” suburban markets continued to see significant home sales and price growth last month, condos in the “416” area of the Toronto region posted sluggish sales as price appreciation moved into negative territory. The average price of a Toronto condo declined by three percent annually in November to $640,208, according to data released today by the To...Read More
A Fix for Toronto’s Housing Crisis Could Be Hiding in Plain Sight
Tags: Homes in Toronto, House Prices, Toronto Housing, Housing Crisis
Across Toronto and the wider region, up to 176,000 new units could be added to rental sites to meet crushing demand. These 950 infill sites are already purchased and zoned — there is simply room and an opportunity to add more. A recent rental market study projects a shortage of up to 200,000 rental units in the Toronto and the Greater Hamilton Area (GTHA) within a decade, a trend ...Read More
Toronto home sales post best-ever total for August
Tags: Homes in Toronto, House Prices, Toronto, GTA, Homes Sales in Toronto
The Toronto region recorded another month of over 10,000 home sales as buyers seeking low-rise properties made their move before the end of summer. A total of 10,775 properties changed hands last month, up over 40 percent compared to August 2019, according to data released today by the Toronto Regional Real Estate Board (TRREB). The average home selling price also increased substantially relative...Read More
“Supercharged” housing market could last through September: RBC
Tags: Homes in Toronto, Housing Market
Ask anyone who’s been paying close attention to the Canadian housing market throughout the pandemic and you’ll hear that homebuyers are making up for lost time and then some this summer. Toronto shattered home sales records in July while Vancouver saw sales spike 22 percent compared to the same time last year. Calgary posted a solid 12 percent year-over-year sales ...Read More