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.

OREA loses real estate licensing education
The Ontario Real Estate Association (OREA) has lost a bid to continue providing Ontario real estate licensing education after 2020, sources tell REM.
RECO senior communications officer Adam Hawkins would not confirm or deny the allegations, telling REM that he can’t say much about the RFP process other than to confirm that the process “is still ...

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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 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.

Home prices jump 40 per cent in Vancouver — but no one is building
Toronto is also struggling with housing supply: The number of low-rise homes built last year in Canada’s financial hub was the lowest since 1995. The city is encircled by a green belt of almost 2 million acres that’s under permanent protection, and has experienced a price run-up similar ...

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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

Posted by:

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

Posted by:

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

TREB Monthly Resale Report June 2016
Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 12,794 residential transactions through TREB’s MLS® System in June 2016. This result was 7.5 per cent higher than the 11,905 sales reported in June 2015. In line with the prevailing trend so far this year, the number of new listings was down ...

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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.

Competition Bureau, TREB return to tribunal in home-sales data lawsuit
Starting Monday, Sept. 21 in Toronto, the federal Competition Tribunal is set to rehear a lawsuit brought by the federal Competition Bureau against the Toronto Real Estate Board (TREB) over whether the board is unfairly restricting public access to crucial home-sales data. Also read “ Continue Reading →

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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.

Toronto real estate board stifling innovation, competition, lawyer tells tribunal
This week the trial continued between the Competition Bureau and the Toronto Real Estate Board. John Rook, a lawyer representing the bureau, says the real estate board is standing between consumers and the data because it fears competition from online startups could spark a price ...

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Real Estate in the News

Posted by:

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: A message from the new president
Mark McLean introduces himself as the new Toronto Real Estate Board president in this open letter

Don Pittis: Canadian economy needs to get out of election mode
A downturn in the economy may change the way the current government handles the finances of the country in order ...

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