Toronto Real Estate Board: November Market Watch

TORONTO, December 3, 2015 – 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 2015 amounted to 96,401. “Not only did we see a record sales result for November, but … [Read more...]

Cities outside Toronto cannot charge land-transfer tax, Ted McMeekin says

Ontario backs down on municipal land transfer taxes, as they would add thousands to the cost of homes. Homebuyers outside Toronto no longer have to worry about paying thousands of dollars in local land transfer taxes. Municipal Affairs Minister Ted McMeekin shut down speculation Tuesday that cities and towns would be given permission to bring in their own such levy in addition to the provincial land transfer tax. “There has been no … [Read more...]

Richmond Green In Richmond Hill coming in 2016

Richmond Green will feature upscale Townhomes and exclusive Detached Homes in a variety of styles and floor plans. The Richmond Green Sports Complex contains the largest park in Richmond Hill and offers a skate park and impressive skate trail, plus complete indoor and outdoor facilities. Families young and old will delight in the 26,000 Sq. Ft. indoor sports complex that's complemented by league soccer play, 3 soccer fields, indoor lawn … [Read more...]

Demand for home ownership remains strong in the GTA

Demand for home ownership remains strong in the GTA, and dynamics around housing supply are impacting prices and redefining the market, said the Building Industry and Land Development Association (BILD) and the Toronto Real Estate Board (TREB) at their first ever joint briefing on the state of the GTA housing market. Through the first 10 months of 2015, there were 124,123 new and resale homes sold in the GTA. A record number of sales were … [Read more...]

Virtual realty: Can 3-D tours sell condos?

Strolling through a three-storey townhouse in the heart of Leslieville, prospective homebuyers take in the chic, toned-down decor. The high ceilings and lights embedded in the staircase wall stand out against the understated finishes, which catch subtler eyes. Of course, the development doesn’t exist — not yet — but to human senses, paired with 3-D technology, it may as well. Virtual reality is starting to crack the Toronto real … [Read more...]

Common home-buying closing costs you should know about

I’m buying a new home and I want to make a budget. What closing costs should I know about? November is Financial Literacy Month in Canada, so it’s a great time to make sure you understand the costs involved with buying a home. You’ll encounter three categories of expenses: pre-closing costs, closing costs and after-closing costs. A home inspection isn’t mandatory, but it’s money well-spent in the pre-closing phase. Getting a … [Read more...]

Housing market adapts to some uneasy numbers: 4 and 13

In her three years hawking condos in downtown Toronto, Danielle Desjardins has fielded the gamut of buyers’ objections. It might be that the neighbourhood is too far from a subway. Maybe the balcony hangs over a roaring roadway, or that it’s too small to accommodate a canine’s meandering. But the strangest source of unease she hears stems from entirely immaterial concerns and runs counter to the straitlaced, secular zeitgeist of the era. … [Read more...]

VIP Broker Event Sale: Yee Hong Garden Terrace In Richmond Hill November 21st and 22nd

Introducing Yee Hong Garden Terrace – Richmond Hill, where a vibrant active mature adult lifestyle meets exceptional residences designed for those seeking the very best. Located on Yonge street just moments from Hillcrest Mall, Yee Hong Garden Terrace offers a wide array of spacious suites coupled with superb recreational amenities along with renowned 5 Star Yee Hong services and programs. Sales start this weekend on November 21st and 22nd 2015 … [Read more...]

Scorching Toronto, Vancouver housing markets push Canadian home sales higher in October 2015

Canadian home sales grew in October to the second-highest levels in almost six years as demand remained strong in the red-hot real estate markets in Vancouver and the Greater Toronto Area. The Canadian Real Estate Association said Monday the number of homes sold through its Multiple Listing Service was up 1.8 per cent in October from the previous month. However, the gains weren’t shared across the country, as the number of markets where … [Read more...]

Average house price up 8.3% to $454,976 in October 2015

The average price of  a Canadian home increased by more than eight per cent in the 12 months up to October and is now worth $454,976, the Canadian Real Estate Association said Monday. But as has been the case for a while, the national average is being skewed higher by red hot markets in Toronto and Vancouver. If those two cities are stripped out, the average house sold for $339,059 and the year-over-year gain is reduced to 2.5 per … [Read more...]