Housing Market Improves: Prices & Sales are Up

By: Randy Miller

Housing Market Improves: Prices & Sales are Up

Tags: Durham Region, Whitby Real estate

Greater Toronto Area REALTORS® reported 6,839 sales through TREB's MLS® System during August 2018, which represents an increase of 8.5% over August 2017. The average selling price for all home types reached $765,270, an increase of 4.7% over the same month a year ago.   During the past few months, the market has demonstrated increasing resilience, as consumers gain confidence....Read More

GTA Sales and Prices Continue to Indicate Strength During July

By: Randy Miller

GTA Sales and Prices Continue to Indicate Strength During July

Tags: GTA Whitby Durham Real estate

The Toronto Real Estate Board reported 6,961 home sales through TREB's MLS® system during July 2018 – up 18.6% compared to the July 2017 sales total. The average selling price during July was $782,129, up 4.8% when compared to the average price achieved during July 2017. On another positive note, seasonally adjusted sale prices and activity are up, pointing towards a more robust autu...Read More

Canadian Home Prices Forecast to Rise in the Second Half of 2018

By: Randy Miller

Canadian Home Prices Forecast to Rise in the Second Half of 2018

Tags: Whitby Market GTA Durham

Enter Blog Post HereCanadian house prices are expected to climb during the second half of 2018, driven by price gains in the GTA as buyers have begun to demonstrate their adaptation to the new mortgage rules, which cooled the market in the first half of the year.   A new forecast by Royal LePage predicts home prices will rise 4.5% nationally by the year’s end, potentially reaching a nat...Read More

GTA Sales and Prices Jump Up During June

By: Randy Miller

GTA Sales and Prices Jump Up During June

Tags: GTA Whitby Housing Market

Enter Blog Post HereThe Toronto Real Estate Board reported 8,082 home sales through TREB's MLS® system during June 2018 – up 2.4% compared to the last June’s sales figures. On a positive note, sales in June were up 17.6% over May’s sales total, an indication that both buyers and sellers are adjusting to the market and may be gaining confidence in the GTA’s housing m...Read More

May House Sales Remain Steady, Market is Balanced

By: Randy Miller

May House Sales Remain Steady, Market is Balanced

Tags: Whitby Real Estate Housing Market

Enter Blog Post HereGreater Toronto Area REALTORS® reported 7,834 sales through TREB's MLS® System during May 2018. Transactions were 22% lower than May 2017, which was the tail end of the market’s peak.  The lower number of completed transactions may have been constrained by the lack of new listings, which were 26% lower than May of last year.   The average selling pri...Read More

By: Randy Miller

BMO Offers a Record Variable Discount as Mortgage Competition Increases

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The Bank of Montreal is helping homebuyers with a variable mortgage rate that includes the biggest discount ever by a large Canadian bank, according to industry watchers.   The bank is known for its spring mortgage specials and this year they are helping homebuyers by offering a five-year variable rate of just 2.45%, until the end of May. That’s a 1% or 100 basis points below the bank&r...Read More

Housing Sales Increase, Stability is Returning

By: Randy Miller

Housing Sales Increase, Stability is Returning

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  The cold weather definitely delayed the traditionally more active spring market. Improving weather during late April encouraged more buyers to look and purchase, helping to increase the number of sales during the month. The Toronto Real Estate Board (TREB) reported 7,792 sales through MLS® during April, down from the record number of sales set one year earlier. The average sale price w...Read More