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.

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

Posted by:

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

GTA Realtors® Release Monthly Resale Housing Figures
Home selling prices continued to trend upward in April. The MLS® Home Price Index Composite Benchmark was up by 12.6 per cent year-over-year. The average selling price was up by 16.2 per cent. The higher growth rate reported for the average home price, as compared to the MLS® HPI, points to a greater share of ...

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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.

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.

Royal Richmond in Richmond Hill
World Class Realty Point Brokerage exclusive offering of 12 townhomes in this new Richmond Hill development on Saturday April 9, 2016

Canada Mortgage and Housing Corp Releases Condominium Owners Survey
The annual report, focused on the Vancouver and Toronto Census Metropolitan Areas (CMAs), includes survey insights on what motivates condo purchases, how long owners hold onto their units, ...

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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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Real Estate in the News

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Stay up-to-date with all real estate news updated continually on our Facebook page.

Toronto Real Estate Board predicts homes sales to soar in 2016
TREB estimates its member realtors will sell between 96,500 and 105,000 residential properties this year – either just above or just below last year’s record high of 101,229 transactions. You can read TREBs 2015 Market Year in Review & Outlook Report here (PDF).

December home data comes in
National home ...

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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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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 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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Stay up-to-date with all real estate news updated continually on our Facebook page.

Why homebuyers need you more than ever
Survey results point to a large portion of the population who will benefit from the services of a licensed real estate agent, especially when it comes to trying to find a hidden gem in an expensive neighbourhood.

Privacy and Competition with the TREB Hearings: Opinion
This case is a mess. It comes down to government intervention ...

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