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Condo Sales Growth Outstrips Listings Growth in Q2

September 19, 2014 -- Toronto Real Estate Board President Paul Etherington announced robust results for the condominium apartment market in the second quarter of 2014. Q2 sales were up by 10.4 per cent compared to the same period in 2013. New listings were up over the same period, but by a lesser 4.4 per cent. “Condominium apartments represent an affordable entry point into the market ...

Annual Growth in Home Sales Continued in August

September 12, 2014 -- Toronto Real Estate Board President Paul Etherington reported 7,600 sales through the TorontoMLS system in August 2014. This result was up by 2.8 per cent compared to 7,391 transactions reported in August 2013. Year-to-date sales through the end of August amounted to 65,454, which represented an increase of 6.5 per cent compared to the same period in 2013. “The last ...

Canadians Most Optimistic About Housing Since 2008

Canadians are the most optimistic about the country’s real estate market in more than six years as prices reignite. The share of Canadians predicting higher home prices over the next six months rose to 47 percent last week, according to polling by Bloomberg and Nanos Research Group, the highest level since the survey began in 2008. That figure has risen 10 percentage points since ...

Rent To Own

Renting to own a house can be a very effective way for a buyer without enough of a down payment to buy a home or Credit glitches, No credit history, Self-employed, New to Canada, Just getting started (recent graduate, new career, etc.), Recently divorced (and want the same house / lifestyle). If you don’t have enough money to make a down payment, or your credit rating is too low to secure a ...

GTA REALTORS® REPORT LATEST MID-MONTH RESALE HOUSING MARKET FIGURES

TORONTO, May 16, 2014 -- Toronto Real Estate Board President Dianne Usher announced that “Sales reported by Greater Toronto REALTORS® were up strongly during the first two weeks of May in comparison to the same time last year.  However, new listings were down slightly over the same period, which means competition between buyers continued to increase and price growth remained very ...

Tight Market Conditions Prompt Strong Price Growth

May 8, 2014 -- Toronto Real Estate Board President Dianne Usher announced that during April – the first full month of spring – Greater Toronto REALTORS® reported a 1.8 per cent year-over-year increase in sales through the TorontoMLS system. Total April 2014 sales amounted to 9,706, compared to 9,535 transactions in April 2013.   “April marked the beginning of the ...

CMHC Eliminating 2 Programs

Effective May 30th, 2014 CMHC is eliminating 2 programs.   The self-employed stated income program and the 2nd home programs will both be eliminated.  Self-employed applicants wanting to be approved through CMHC must now prove their income and applicants now looking to buy a 2ndhome cannot obtain financing through CMHC.  What does this mean? These 2 programs accounted for ...

Sales and Average Price Up in March

April 7, 2014 -- Toronto Real Estate Board President Dianne Usher announced that Greater Toronto Area REALTORS® reported strong year-over-year increases in TorontoMLS home sales and the average selling price in March 2014. Home ownership affordability, backstopped by low borrowing costs, continued to be a key factor underlying this growth. A total of 8,081 sales were reported in March 2014 – ...

Real Estate Council of Ontario (RECO) Aims to ease bidding wars.

The Real Estate Council of Ontario has launched a new public education campaign aimed at curbing bidding wars by warning buyers not to be overly influenced by emotion when purchasing a home. The regulatory body has no plans, however, to probe whether the practices of the realtors it regulates are contributing to the escalating problem of bidding wars, especially in the Toronto market, says ...

TorontoMLS Sales Up in February

March 5, 2014 -- Toronto Real Estate Board President Dianne Usher announced that February 2014 home sales reported by Greater Toronto Area REALTORS® were up by 2.1 per cent compared to the same period last year. Total February sales amounted to 5,731 compared to 5,613 last year. “Despite the continuation of inclement weather in February, we did see a moderate uptick in sales activity last ...
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