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10/14/2020

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01/22/2018

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01/22/2018

http://www.gtahomedeal.com/images/landing/homeworth/index.asp

Home Prices are Up 19%

01/22/2018

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You will receive all the available listings in your area of choice as well as daily updates with new fresh listings on the MLS®.

01/22/2018

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01/22/2018

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02/28/2017

The party is set to carry on in Toronto’s entertainment district. That neighbourhood will continue to dominate the downtown condo market again this year with 24 projects under development near King St. West between Spadina Ave. and Simcoe St.

01/11/2017

🇨🇦 Government Will Help Roughly 37,000 Homeowners Get Eco-friendly Home Upgrades - Will You Be One Of Them? Read the full article http://ow.ly/uhAi3065CJ5:

In an effort to reduce energy consumption and improve the environment, the government is getting involved on a provincial level to help homeowners do their part. Over the last couple of years energy prices have soared, leaving many property owners at a significant loss. What’s more, many of them str...

11/18/2016

Changes to the Land transfer Tax

The Provincial government has announced the Following Changes to the Land Transfer Tax.
1. The rebate is increased for the first time buyer from $2,000.00 to $4,000.00, effective January 1, 2017
Deal must CLOSE after January 1, 2017. If closing is in 2016, this change does not benefit your client.
2. Following will be Land Transfer Tax Increases taking effect January 1, 2017
For Commercial, Industrial, Apartment Building or Vacant Land with purchase price more than $400,000, the tax rate will increase from 1.5% to 2%.
For Residential Purchase of More Than Two Million Dollars, the tax will increase from 2% to 2.5% for every dollar over two million.
If you buyer signed purchase agreement BEFORE November 14, 2016, then buyer will still pay the current lower Land Transfer Tax, as long as closing is in 2017.

3. If your client buys a home in Toronto, you pay a second Municipal Land Transfer Tax at closing. So far there is NO CHANGE for Toronto’s Municipal Land Transfer Tax rates.
Who qualifies for the first time buyer rebate?

11/04/2016

Condo Market Report All links are PDF files
Condo Sales and Average Price Up in Q3 2016

October 24, 2016 -- Toronto Real Estate Board President Larry Cerqua announced that condominium apartment sales reported through TREB's MLS® System in the third quarter of 2016 were up by 22.1 per cent on a year-over-year basis to 8,014. Over the same period, new listings for condominium apartments were down by 13.3 per cent.

"While the low-rise market has been top-of-mind in the supply discussion, it is very important to note that supply pressures have also been experienced in the condominium apartment market segment over the past year. The completion of new units was down substantially during the first three quarters of 2016 compared to the same period in 2015. This arguably played a role in the decline in new condominium apartment listings on TREB's MLS® System," said Mr. Cerqua.

The average price of a condominium apartment in the Q3 2016 was $415,643 – up 9.6 per cent compared to Q3 2015. The MLS® Home Price Index (HPI) apartment benchmark price was up by a similar amount on an annual basis throughout the third quarter.

"The annual rate of condominium apartment price growth has accelerated over the past year as the supply of units available for sale became more constrained while demand remained strong. With this said, however, annual rates of price growth remain well-below those for low-rise home types. Condo apartments continue to be an affordable entry point into home ownership for first-time buyers," said Jason Mercer, TREB's Director of Market Analysis.

Click here to see Full Report

11/04/2016

October Home Sales Up Year-Over-Year

November 3, 2016 -- Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported a record 9,768 sales through TREB's MLS® System in October 2016 – up by 11.5 per cent compared to October 2015. For the TREB market area as a whole, the largest annual rate of sales growth was in the condominium apartment market segment. Detached home sales were up by 10 per cent year-over-year, driven predominantly by transactions in the regions surrounding Toronto.

"The record pace of GTA home sales continued in October, with strong growth observed throughout the month. As we move through November and December, we will be watching the sales and listings trends closely, in light of the recent policy changes announced by the Federal Minister of Finance. TREB will once again be conducting consumer survey work, in order to report on home buying intentions for 2017," said Mr. Cerqua.

The MLS® Home Price Index Composite Benchmark was up by 19.7 per cent on a yearover- yeaThe MLS® Home Price Index Composite Benchmark was up by 19.7 per cent on a yearover- year basis in October 2016. Similarly, the average selling price for all home types combined was $762,975 – up 21.1 per cent over the same time period. Double-digit increases were experienced for all major home types for the TREB Market Area as a whole.

"New listings were up slightly in October compared to last year, but not nearly enough to offset the strong sales growth. This meant that seller's market conditions continued to prevail as buyers of all home types experienced intense competition in the marketplace. Until we experience sustained relief in the supply of listings, the potential for strong annual rates of price growth will persist, especially in the low-rise market segments," said Jason Mercer, TREB's Director of Market Analysis.

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