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 house sells for more than $1M over asking amid record year for home sales
The split-level home, located at 19 Talwood Dr. in the Lawrence Avenue East and Don Mills Road area, sold by Ecko Jay Realty Ltd Brokerage on Nov. 10 for $2,658,000 after being listed at a price of $1,488,800.

Toronto home sales set record in 2016 as ...

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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.

GTA REALTORS® Release Monthly Resale Housing Market Figures
Toronto Real Estate Board President Larry Cerqua announced that TREB REALTOR® Members reported 9,989 home sales through TREB’s MLS® System in July 2016. At just shy of 10,000 transactions, this was the best result on record for the month of July. While sales were up on a year-over-year basis, the number of new listings ...

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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.

Condo market joins in Toronto’s real estate boom
According to tallies recently reported by the market-research firm Urbanation, sales of new condo units surged 32 per cent in the first quarter of 2016 in the Greater Toronto Area compared with the same period last year. The 2016 tally came close to the first-quarter record set in 2012. Unsold inventory in new developments, ...

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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.

Lower interest rates may be the new normal, Stephen Poloz says
Among the reasons, Poloz pointed to the more-pessimistic outlook for potential long-term global growth. The forecast was lowered to 3.2 per cent from four per cent, he said. “That downgrade means the neutral rate of interest will be lower for sure — for a very long time,” said Poloz, who added it could ...

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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.

CMHC Releases its 2016 Q1 Housing Market Assessment Report for Canada and 15 Markets
In Toronto, overall strong evidence of problematic conditions reflects a combination of price acceleration and overvaluation. We are also monitoring for the potential emergence of overbuilding in Toronto due to the high number of condominium units under construction. Inventory management therefore continues to be necessary to make sure that these ...

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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.

Financial guru: Mortgage rate increase threatens stability
With the Royal Bank of Canada’s announcement of mortgage rate hikes that are set to take place this Friday (January 8), a similar rise in interest from local banks might follow, according to a renowned consumer financial expert.

GTA Realtors® Report Record Year For TREB MLS® Home sales
The second best sales result on record for ...

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Real Estate in the News

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

Bank of Canada stands pat, keeps interest rate at 0.75%
Interest rates remain at 0.75% with a possible change based on the loonie’s performance in the coming months.

Vancouver real estate prices pushing millennials to leave city: report
With ever rising home prices will we see vancouverites fleeing their fair city? And is Toronto also seeing this race to the suburbs? Also read “In Toronto, it’s ...

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Are Realtors Being Sold “A Bill of Goods” About Millennial Home Buyers?

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Are millennials that much different a home buyer?

Every generation lives through, and inspires, change. While personal values may remain a constant across generations, the tools and information available to help make decisions changes with the times.

The mere access to information, generally speaking, does not make people smarter. They need to know which information sources to trust as they wind their way through life.

Millennials have lived their whole lives with technology at their fingertips, but does that make them more independent ...

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