By: Ingrid Menninga

Opportunities in this stable market

Tags: Homes in Toronto, Housing report, real estate report, home buyers, home sellers

Did you know what opportunities a stable market can bring to you? Are you aware of a hidden story behind the numbers in last month's housing reports? Read on and see what surprises are in the market. Highlights The average housing price dropped 14% compared to March last year. The reasons for it were multifaceted. Bouncing prices showed signs of a more stable market in March. New ...Read More

By: Ingrid Menninga

New Condo Development Listings in Toronto (March)

Tags: New Condos, VIP Launch, pre-construction condos

Interested in pre-construction projects? Heads up on these development projects we've hand-picked for you.  1. Bauhaus Condos Location: 284 King St E, Toronto (King St E & Parliament St) Launch Date: April/May 2018 Estimated Occupancy: Fall 2021 Starting from $400's Features: Luxury residential amenities include an outdoor terrace, children's play ...Read More

By: Ingrid Menninga

Looking to move up? Now might be the time!

Tags: Condo buyers, condo sellers, toronto houses, real estate market update

At first sight, the latest Toronto real estate report doesn't bring much exciting news to most buyers and sellers. Overall sales went down by 35% on a year-over-year basis. The number of newly listed homes and actively listed homes are below the 10-year average for the month of February. That being said, there aren't as many options on the market compared to the housing decade aver...Read More

By: Ingrid Menninga

February 2018 Market Update for First Time Condo Buyers

Tags: First Time home buyers, condos, condo buyers, toronto condos, condo market update

In a few days TREB will release their market watch, here’s what we’re seeing as trends in anticipation of the report. Toronto: 1 bedroom, 1 bathroom condos Most Units Under $500,000 are listed well below their sale price 0 bedroom, 1 bathroom condos (Bachelors) are where 1 bedrooms used to be What about January? Wondering what the numbers mean and how those numbers woul...Read More

By: Ingrid Menninga

Is the Toronto Housing Market Slowing Down?

Tags: Stress test mortgage rules, toronto real estate news, housing market

Is the Toronto housing market, one of the two hottest real estate markets in Canada, really slowing down in the new year? How much impact do the new mortgage regulations have on the market? If you look back at market performance at this time last year, there was a shortage in inventory which lead to record high housing prices. Current market performance indicates a "cooling" as variou...Read More

By: Ingrid Menninga

B-20 mortgage rules, changing housing market, and higher rates: What's new in 2018

Tags: Stress Test Mortgage Rules, Toronto Real Estate, GTA Housing

If buying/selling a home is on your list of 2018 New Year's resolutions, some challenges may come up based on the current market conditions and government policies (i.e. the Ontario Fair Housing Plan and B-20 Mortgage guidelines). However, the market is not as challenging as the media and their attention-catching headlines like to portray.   Unlike as reported in Toronto Real Estat...Read More

By: Ingrid Menninga

Is it better to buy/sell now or should you wait?

Tags: toronto real estate, GTA housing, new mortgage rules

  A surge of new listings in the GTA in November drove home prices lower compared to October - both sellers and buyers wanted to lock in their deals before the new year, when the new mortgage guidelines will come into force. Are you wondering whether it's better to buy/sell now or to wait? How the market condition changes will affect your home buying/selling decision? Here are some hig...Read More

By: Ingrid Menninga

Toronto Real Estate Report October 2017

Tags: real estate market, housing market, toronto real estate, housing market reaction

A lot happened in the past month -- more available homes for sale, increasing number of home transactions, strong growth in condo markets, and the introduction of the new mortgage rules. Not sure how the new policies and the changes on the market will affect your home purchasing process? Here are some highlights for you to consider. Inventory is on the rise across the GTA, up o...Read More

By: Ingrid Menninga

Summer housing slowdown -Toronto Real Estate Report July 2017

Tags: Real estate market, housing market, Toronto real estate, Housing market reaction

According to the Toronto Real Estate Board's recent report, GTA home sales in July plunged by 40.4% compared to last July. Meantime, home prices continue to grow. TREB CEO John DiMichele suggests an uptick in sales following Labour Day. Should you wait until September or buy or sell now? Here are some highlights for you to consider: 5,921 homes were sold in the GTA, the ...Read More

By: Ingrid Menninga

A moderating market -- Toronto Real Estate Report June 2017

Tags: toronto real estate, real estate market, 2017 housing in toronto

A series of goverment measures and the prospect of higher interest rates boosted listings and sparked the biggest sales decline in more than eight years last month, the Toronto Real Estate Board reported recently. Find out more below. Highlights   TREB MLS® sales were down by 37.3% year-over-year in June. Over the same period, the number of new listings was up by 15.9% &ndash...Read More