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 leads Vancouver in luxury home market
Sales of $1-million-plus Toronto-area single-family homes rose 83 per cent year over year in July and August. That’s 3,026 homes, with 55 per cent of them inside Toronto’s borders. Meanwhile, Vancouver saw a decline of 30 per cent in July and 65 per cent in August, for a total of 288 sales of $1-million-plus homes.

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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.

GTA Realtors® Release Monthly Resale Housing Figures
Toronto Real Estate Board President Mark McLean announced Greater Toronto Area REALTORS® reported a record number of home sales through TREB’s MLS® System in February 2016. There were 7,621 transactions reported this past February – up 21.1 per cent compared to February 2015. The average selling price was up by 14.9 per cent annually to $685,278.

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