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

By: Ingrid Menninga

A better-supplied market - Toronto Real Estate Report May 2017

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

The latest real estate market report, capturing the first full month of housing activity following Ontario's announcement of 16 measures, delivered welcome news for buyers -- a marked slowdown in terms of prices and sales volumes, and a significant increase in new listings. Read on to find out more.    Highlights Prices went down from April to May -- the average selling pr...Read More

By: Ingrid Menninga

Sign of more balanced growth - Toronto Real Estate Report April 2017

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

After a spike in home prices and a dip in the number of active listings in March, Toronto's housing market showed early signs of more balanced growth in April. Find out more below. highlights Listings shot up 33.6% from a year ago -- the greatest year-over-year increase in at least seven years, according to TREB. If you're planning to buy a home soon, such strong growth in new listing...Read More

By: Ingrid Menninga

Toronto Real Estate Report - March 2017

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

Did you know the home price growth in March was the fastest since 1989? There are a few more surprising facts about the GTA housing market in March. Read on to find out. Highlights As demand rose and listings failed to keep pace, home prices in the GTA continued to climb last month, with the average price hitting $916,567, a leap of 33.2% from what it was a year ago. That...Read More

By: Ingrid Menninga

Toronto Real Estate Report - February 2017

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

Did you know new listings in the GTA declined in Feburary by 12.5% from a year earlier? This was the lowest Feburary reading in over 10 years. It’s important to keep yourself up-to-date if you’re looking to buy a property in the near future. * Due to decreasing new listings, there will be very strong price growth for all home types this year. * Annual rates of pr...Read More