The latest numbers from Teranet and the National Bank of Canada are a bit of mixed bag. In May, the Teranet-National Bank National Composite House Price Index rose 0.8 per cent from April. Though the month-to-month boost was fairly robust, especially when you compare it to theweaker-than-expected April and flatlining prices in March, it was the fifth smallest increase for May […]
Photo: Jocelyn Durston/Flickr Nation-wide, rental prices didn’t see much of a change between April 2013 and April 2014, but the numbers vary greatly from province to province, with Prairie cities clearly on the rise. The newly released Spring Rental Market Survey from the Canada Mortgage and Housing Corporation (CMHC) pinpointed the average rental cost for a two-bedroom apartment […]
While downtown Toronto is seeing a surge in construction activity with the waterfront and Entertainment District adding new condos at a dizzying rate, building isn’t by any means limited to the core. Some of the municipalities that make up the GTA are among the fastest growing communities in the country. According to the last census, Milton had the […]
Lead in My Toronto Drinking Water? That’s crazy! What do you mean there is lead in my Toronto drinking water? Lead is a poison! Toronto Water is poisoning our citizens by allowing this water to enter into homes and places of business – this should be illegal [ maybe a Class Action law suite […]
Photo: Anthony Bailey/Flickr The construction crane may as well be the de facto symbol of Toronto with new buildings going up in just about every corner of the city. Although March data from Statistics Canada suggests that Ontario’s construction explosion is petering out after several big years for building, there’s still plenty of activity going on in Toronto’s […]
The 416 may have more cachet, but the 905 has more room for swing sets and barbecues — and there are generally lower mortgage payments. This has more families looking westward for greener pastures, or at least greener lawns. And they’re bringing Toronto’s bidding wars with them. While the competition isn’t as feverish, real estate agents […]
The Toronto Real Estate Board (TREB) said sales activity sped up in March, rising 7.2 per cent year-over-year. The 8,081 sales tally was quite the contrast to the far less busy January and February. Along with sales, prices also continued their climb. In March, the average selling price for a GTA home rose nearly 8 per cent from 2013 to $557,684. The […]
The 416 may have more cachet, but the 905 has more room for swing sets and barbecues — and there are generally lower mortgage payments. This has more families looking westward for greener pastures, or at least greener lawns. And they’re bringing Toronto’s bidding wars with them. While the competition isn’t as feverish, real estate agents […]
The Toronto Real Estate Board (TREB) said sales activity sped up in March, rising 7.2 per cent year-over-year. The 8,081 sales tally was quite the contrast to the far less busy January and February. Along with sales, prices also continued their climb. In March, the average selling price for a GTA home rose nearly 8 per cent from 2013 to $557,684. The […]
The Teranet–National Bank house price index rose 0.4 per cent in January over December, bringing the composite index to an all-time high. Within the last five months, January’s gain was both the largest month-to-month boost and the first time in that period that a majority of the 11 markets studied saw prices increase from the previous month. Two of […]
Photo: Boris Mann/Flickr In a report published on Thursday, CIBC economist Benjamin Tal said that the number of condos currently under construction in Toronto and Vancouver will raise the vacancy rate in the two cities, but the increase will not derail the rental markets. Looking at market characteristics like a reliance on new immigrants and the impact of falling unit […]
Averages will only take you so far. We looked into the Toronto Real Estate Board’s latest market report and crunched the numbers to see which property types saw the most sales and the price ranges buyers were most likely to spend on each property type. The cost of a home in the GTA in 2013 rose to $523,036. But […]
The runaway price growth for GTA homes in November wasn’t experienced the same way in every Toronto neighbourhood. While the new average selling price for a property in the region shot up by 11.3 per cent to $538,881, prices can differ wildly between districts and property types. Using the MLS Home Price Index included in the Toronto Real […]
Photo: Trevor Pritchard/Flickr If you rent, you understand the acute pain that comes with combing through Craigslist ads at length, only to settle for an apartment that’s barely okay-ish. After year after year of climbing rents, new numbers from the CMHC suggest not exactly relief for renters, but a very slight slowing of year-over-year increases in lease rates. […]
Photo: the2scoops/Flickr We’ve heard that the Toronto housing market keeps on heating up, with a serious uptick in both sales and prices in October. But which neighbourhoods are feeling the biggest price surges? Looking at the the Toronto Real Estate Board’s break down of the MLS House Price Index by district, we mapped out which parts of town saw the […]
August sales numbers proved Torontonians kept shopping for homes despite the city’s notoriously high price tags. Teranet’s latest report says prices continued the climb with Toronto seeing the highest month-over-month increase in the country. Toronto, along with Canada’s other big metros, is no stranger to big spending with Sotheby’s expecting a luxury home shopping spree […]
The high-end real estate market in Canada’s four largest cities will gain momentum this fall with several regions becoming sellers’ markets before the end of the year, predicts Sotheby’s International Realty Canada. In the first half of 2013 the luxury market gained traction over the last half of 2012, Sotheby’s says, with sales up 65 per […]
The Teranet-National Bank Composite House Price Index rose to a new high in August according to fresh data released today by the organization. The national composite index was up 2.3 per cent in August from a year earlier and 0.6 per cent from July, while indexes in eight of the 11 markets monitored rose, some of them […]
Canada cracks top five list for real estate investment optimism By: Monika Warzecha August 30, 2013 Canada Despite the high growth potential of emerging markets, Canada is still considered one of the top countries for investment from global companies in the real estate, hospitality and construction (RHC) sectors. The country ranked 5th behind India, China, […]
The Wall Street Journal thinks the bank’s boosting of mortgage rates points to a larger trend of tighter lending restrictions and higher rates. Read more…
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