Real Estate in the News

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GTA Realtors® Release Monthly Resale Housing Figures
Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 7,385 home sales through TREB’s MLS® System in November 2015 – up by 14 per cent compared to November 2014. This result also represented the best result on record for the month of November. Sales through the first eleven months of ...

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Real Estate in the News

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Canadian home sales rebound in October
The number of homes trading hands via MLS® Systems of Canadian real estate Boards and Associations rose by 1.8 percent in October 2015 compared to September. Also read “Home resales hit second-best October in nearly six years“.

Booming markets won’t collapse under their own weight – economist
“No housing recession in Canada or elsewhere has ...

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Real Estate in the News

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Court decision expands risks of disclosure with seller property information statement
A SPIS is a standard form document that was drafted by the Ontario Real Estate Association. It will contain information relating to defects, renovations and other pertinent property information based on the seller’s knowledge and experience. A vendor is not obligated to complete a SPIS and if the vendor elects to do so ...

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Real Estate in the News

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

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Realtors warn land transfer tax could double across Ontario
The Ontario Real Estate Association, in a release Tuesday, warned homebuyers that the province is moving ahead with a plan to allow all other municipalities to levy a land transfer tax.

Toronto experiencing a traditional fall market – with some unusual bumps
Houses are still ...

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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.

Canadian Real Estate Association says September home sales down from August
The Canadian Real Estate Association said Thursday that home sales in September through its Multiple Listing Service were down 2.1 per cent compared with August. Also read “Home prices continue to grow“.

House prices in some GTA suburbs rising more quickly ...

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Real Estate in the News

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

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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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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.

Clients want privacy, TREB witness tells Competition Tribunal
The fourth and final day of the Toronto portion of the Competition Tribunal hearing between The Commissioner of Competition and The Toronto Real Estate Board finished with testimony from the only witness TREB introduced during this half of the hearing before it moves to Ottawa next month.

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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.

GTA REALTORS® Release Monthly Resale Housing Figures
Toronto Real Estate Board President Mark McLean announced record home sales for the month of July. Greater Toronto Area REALTORS® reported 9,880 sales through TREB’s MLS® System, representing an eight per cent increase compared to July 2014. The number of transactions were up for all major home types, ...

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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.

Consumer confidence in Ontario’s real estate markets growing, new research shows
41% of Ontarians surveyed say they view the residential resale market in their own neighbourhood as stronger than it was a year ago (34% said so last year)

Seller Property Information Statements: Dial SPIS for Confusion
This lawsuit, centered around statements made in ...

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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.

Bank of Canada Interest Rate Cut
The Bank of Canada has cut the overnight interest rate to 0.5% with the implication that Canada is in a partial recession. growth in the economy is expected by the Bank to begin in the latter half of 2015. ...

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