In this blog I will try to explain as much as possible (and the topic is extensive) about the process and key factors when buying a preconstruction condominium. The below applies to Ontario, and more specifically the Greater Toronto Area (GTA). Selecting the Location Arguably the most important factor when buying real estate, especially if […]
Despite a remarkable surge in new listings, the average resale condo price in the Toronto region rose 8.3 percent to $633,484 in the third quarter. The third quarter data, published today by the Toronto Regional Real Estate Association (TRREB), showed that condo sales rose in the July to September period by 10.5 percent compared to […]
It can be challenging to navigate the new home buying process. We are here to help – and have compiled a few tips on purchasing a pre-construction home or condo. 1. Research your builder The Ontario Builder Directory (OBD) is an online resource that can help you confirm if your builder is licensed to build […]
While the City of Toronto is working to improve its complex system of underground pipes, sewers and catchbasins, these improvements alone cannot completely protect a home from basement flooding. During heavy rain, the sewers can become overloaded. It is essential that homeowners take steps to help protect their home from basement flooding. There are a […]
The Toronto region’s housing market moved back into seller’s territory in September with new listings declining and home sales continuing at a rapid pace. Resale listings had been on the upswing for four consecutive months, but fell by nearly 16 percent overall in September. This caused the important market barometer — the sales-to-new-listings ratio — […]
Last week was the Vancouver Real Estate Forum. Benjamin Tal (chief economist at CIBC) opened things up, as he usually does, and he was pretty candid about what might be coming this winter. Here is an excerpt from a recent Globe and Mail article summarizing the event: “It’s reasonable to assume that the next six […]
Google continues to expand its footprint on Canadian soil with the expansion of three massive new offices, two of which will be in Ontario and a third in Quebec. Our fine city will be home to one of the province’s new spaces, setting up shop on King Street East, while the other two offices will […]
September was another banner month for the Toronto region’s housing market and no property type was hotter than detached homes in the suburban areas surrounding the city. Of the 30 suburban regions tracked by the Toronto Regional Real Estate Board, 10 saw detached home prices climb by over 20 percent last month compared to September […]
Here’s some data from the Pew Research Center looking at the percentage of young people (18- to 29-year olds) in the US that live with at least one parent. It it based on an analysis of monthly Census Bureau data and is obviously interesting/relevant given that this pandemic seems to have precipitated a number of […]
Home sales in major markets across the country delivered more impressive increases in September as activity continued to rebound from the lows seen in April and May. Market data published over the last week by local real estate boards saw trends first observed in the early summer remain fairly uniform across the country, especially the […]
The Toronto real estate market continued its brisk pace in September setting a new record for the number of sales for the month at 11,083, according to the latest market statistics from the Toronto Regional Real Estate Board (TRREB). Although 2019 was a good year for Toronto real estate, and despite a major slowdown caused […]
Summer may have drawn to a close but the Toronto real estate market remained hot well into the start of the new season, with September being a record-breaking month for home sales in Canada’s largest city. According to the Toronto Regional Real Estate Board (TRREB), it was the best September on record for home sales […]
Toronto’s housing market continued on a tear in September, breaking the record for homes sold in the month and exceeding 11,000 total transactions for the second time in three months. The 11,083 homes that changed hands in the region last month also meant that September was the third consecutive month that the Toronto market broke […]
Fact: living in Toronto is expensive. Exactly how expensive depends on where you live in the city and what you live in — obviously. But new data from shows just how much prices for apartments and single-family homes have fluctuated over the past five years and it’s safe to say, prices have definitely gone up. […]
If one thing’s for certain, the Toronto luxury real estate market has remained resilient in the face of the global pandemic. And while Ontario braces itself for the already-in-motion second wave of the novel coronavirus, according to Royal LePage, there are currently interesting buying opportunities in the Toronto and Greater Toronto Area (GTA) luxury condo […]
In light of the past six months of COVID-19-triggered uncertainty, home sales in Canada have been shockingly brisk as a combination of FOMO and low interest rates keep drawing buyers into the market. The feeding frenzy won’t last – plenty of organizations are expecting a major correction in the coming months – but waiting until […]
The last few weeks of summer was an “unusually” busy time for the Greater Toronto Area (GTA) new home market, as over 4,500 new homes were sold, according to the Building Industry and Land Development Association (BILD). On Monday, BILD announced that a total of 4,539 new homes sold last month, up 217% from August […]
Population growth — so, immigration — is a crucial demand driver for the real estate industry, and for the growth of the overall Canadian economy. Last year, Canadian immigration averaged about 28,400 people per month, according to a recent equity research report (on the apartment sector) by TD Bank. The total number for 2019 was […]
Hotter than the weather in August!!! Here’s a glimpse of Toronto’s record breaking market.
Whether they take place during a pandemic-fuelled recession or during a period of sustained economic expansion, record-shattering home sales in Canada always seem to be accompanied by the same phenomenon: talk of the country’s “inevitable” housing crash. Questioning the logic of homebuyers who engage in wild bidding wars in the midst of historic job losses […]
Maziar Moini, Broker of Record - Home Leader Realty Inc.
300 Richmond St. W., #300, Toronto, ON M5V-1X2
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