Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

Judge cites privacy in issuing stay order of TREB decision
Justice Mary J.L. Gleason issued a stay of the order of the Competition Tribunal, pending the disposition of TREB’s appeal of the order, on Aug. 12. “When analysing the privacy issue, the tribunal focused largely on whether TREB’s motivation for raising property owners’ privacy rights stemmed from a legitimate concern about those ...

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Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

Toronto mayor not in a hurry to decide about intervention in housing
Toronto’s mayor said that the city government in not in a rush to decide about intervention in the red-hot housing market’s situation. Also read “This is the main driver of Toronto and Vancouver home prices (and it’s not foreign investment)“.

Here’s where Toronto detached home prices are ...

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Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

National home prices soared to largest Q2 gain in five years, Royal LePage says
Royal LePage says the average price of a two-storey home rose 10.7 per cent from a year ago to $619,671. The average bungalow price climbed 7.9 per cent to $437,121, while the average condo price was $348,189, an increase of 4.2 per cent. The real estate agency is ...

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Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

Average Canadian house price rose 13% to record $509,460 in May
The strong gains are largely tied to hot markets in Ontario and British Columbia, according to the numbers released Wednesday by the Canadian Real Estate Association. Stripping those two markets out of the calculations, the average price of a house sold in May declined 0.7 per cent in the past 12 ...

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Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

Energy Audits for New and Resale Homes in Ontario Are Coming!
7.1 Provide free energy audits for pre-sale homes
Energy audits would be required before a new or existing single-family home can be listed for sale, and the energy rating will be included in the real estate listing. These audits are intended to be provided free of charge under this plan. The ...

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Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

Ontario property values jump nearly 50% on Toronto’s surging market
Across Ontario, property values increased 18 per cent between 2012 and this year, or 4.5 per cent a year on average, according to the latest assessment data released by Municipal Property Assessment Corp., which conducts assessments on more than five million residential properties in the province once every four years. The values ...

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Real Estate in the News

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Luxury real estate sales rage on in Toronto
Toronto saw 500 properties worth north of $2 million sold between January 1 and March 31 of this year.

Competition Bureau wins case against TREB
It remains unclear what impact this will mean for homebuyers and, indeed, agents, as the Tribunal has not yet detailed how it will remedy TREB’s anti-competitive conduct. However, it may ...

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Real Estate in the News

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Stay up-to-date with all real estate news updated continually on our Facebook page.

Why homebuyers need you more than ever
Survey results point to a large portion of the population who will benefit from the services of a licensed real estate agent, especially when it comes to trying to find a hidden gem in an expensive neighbourhood.

Privacy and Competition with the TREB Hearings: Opinion
This case is a mess. It comes down to government intervention ...

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Real Estate in the News

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Stay up-to-date with all real estate news updated continually on our Facebook page.

GTA Realtors® Release Monthly Resale Housing Figures
Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 8,804 home sales through TREB’s MLS® System in October 2015. This is the best result on record for the month of October. The MLS® Home Price Index (HPI) Composite Benchmark was up by 10.3 per cent year over year in October. Over ...

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Real Estate in the News

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Real estate news stories that we’ve been following this week.

Stay up-to-date with all real estate news updated continually on our Facebook page.

TREB is “significantly reducing competition” tribunal told
Day five of the Competition Tribunal hearing between the Commissioner of Competition and the Toronto Real Estate Board (TREB) opened in Ottawa Monday with Chief Justice Paul Crampton advising both sides that the two biggest questions for hearing panel concern substantiality – how much of an impact TREB’s ...

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