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 ...

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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 Real Estate Saw Condo Inventory Decline By 56% In December
The price of a condo dropped slightly in December. The average price across the Greater Toronto Area (GTA) dropped to $440,669, a 0.65% decline from the month prior. This is still a 16.5% increase from the year prior, so I wouldn’t read too much into it…yet. Condos across the GTA ...

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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 ...

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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.

‘Danger Report’: Real estate pros fret court could break lock on secret sales data
Ross Kay claims a real estate agent handing over a few sold listings to a client is not the same as making the information widely accessible online. “What that means is that every single personal detail in a home’s listing would be available to any major corporation or ...

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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

Posted by:

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

Posted by:

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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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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