Detached homes have been rightfully stealing the headlines with remarkable sales volume and sky-high price growth, but there are still some areas in the Toronto region that are seeing better than average condo price increases. While they, for the most part, don’t scale the heights of their detached home counterparts, condos in six Toronto suburbs […]
Just like clockwork, another month ended with Toronto’s housing market breaking a record for home sales, with October logging 10,563 transactions across the region. The October total was up more than 25 percent over the previous year and represents the fourth consecutive record-breaking month for Toronto home sales. It was also the fourth straight month […]
The federal government’s new immigration targets aimed at making up for this year’s newcomer shortfall will provide support to local housing markets across the country, especially in major urban centres. On October 30th, Canada’s government revealed its three-year plan to welcome 1.2 million immigrants to the country between 2021 and 2023. If the targets are […]
The events of 2020 have shaken up Toronto’s real estate market something fierce, driving rent prices down by record amounts as new condo listings flood the market. But some things never change, it would seem — like the ridiculously high price people will pay for one-bedroom shoeboxes in the sky. Here are some one-bedroom condos […]
he temperatures may have cooled down, but the Greater Toronto Area (GTA) real estate market continues to heat up, with home sales up over 25% compared to October 2019, marking the fourth month in a row of year-over-year growth, according to the latest data from the Toronto Regional Real Estate Board (TRREB). According to TRREB’s […]
Canadians are out in droves this fall in pursuit of a vacation home or cottage as the country hunkers down for a long winter amid the COVID-19 pandemic. However, both buyers and sellers need to keep tax implications in mind as the rules change when multiple properties are involved, experts say. Jamie Golombek, managing director […]
Even the most bullish housing observers would have had a tough time anticipating just how quickly Canada would bounce back from the pandemic shock that froze up market activity in the late winter and spring. But, after what RBC Senior Economist Robert Hogue calls a “spectacular rally,” the market has fully recovered and then some. […]
Buyers flocking to the 905 also want an urban experience, making condos in the growing urban centre of Mississauga the perfect choice. Mississauga real estate is on a tear, reflecting the considerable efforts the city has put into its livability factor, transforming it from commuter suburb to urban centre, without the stress of downtown Toronto […]
Toronto’s renters sprung into action over the third quarter of 2020, signing a record number of new rental condo leases for the three-month period as listings surged. And, with so much choice for renters in the market, investor-owners were forced to drop prices for their condo rentals, according to third quarter data published recently by […]
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 […]
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 — […]
Hotter than the weather in August!!! Here’s a glimpse of Toronto’s record breaking market.
Since late March, Canada’s real estate industry has seen extreme lows and highs in the span of just a few months. Now, as the market prepares to enter another typically busy season, it’s difficult to pinpoint what new construction home developers, buyers and investors should be expecting from the fall. “I think there’s still a […]
Only five urban markets nationwide saw their condo values reach new heights in July, according to the Canadian Real Estate Association. The strongest performer was Ottawa, with its 22% annual increase to a new peak of $369,200. Oakville posted the highest benchmark of the record-breakers at $600,600, despite having the smallest annual growth (10.2%) of […]
The summer months are typically a quieter time for Toronto’s new condo market, with project launches concentrated in the spring and fall months. But when there’s no spring launch season to speak of thanks to a global pandemic, it turns out that you get a very busy July for new projects and units being brought […]
Restrictions were lifted on the province’s new home construction sites by mid-May, but with groundbreakings pushed back and project timelines stretched, Ontario is still set to see an overall decline in housing starts this year. That’s according to Central 1 Credit Union’s Ontario Regional Economist Edgard Navarrete, who, in a research note published last week, […]
Canadian home sales and prices surged to a record high in July, as buyers flooded the market and took advantage of low mortgage rates after the coronavirus pandemic briefly slowed activity in the spring. The number of homes sold jumped 26 per cent on a seasonally adjusted basis from June to July, according to the […]
While Toronto has been known for having pricey real estate for decades now, those looking to enter the housing market for the first time can continue to expect affordability challenges for the foreseeable future due to persistently low housing supply and pent-up demand stemming from the COVID-19 lockdown. Not to mention, for the first time […]
Maziar Moini, Broker of Record - Home Leader Realty Inc.
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