The federal housing agency (CMHC) has lowered its assessment of the health of the national housing market to “moderate,” from “high,” according to a report issues on Thursday. Canada Mortgage and Housing Corp. cited evidence of easing price acceleration for the country as a whole, primarily supported by much better fundamentals and prices in the Toronto and Vancouver market...Read More

The Toronto Real Estate Board reported that 7,187 residential sales through TREB's MLS System during March 2019. This result was in line with 7,188 sales reported in March 2018. For the first quarter of 2019, sales were down by one per cent compared to Q1 2018. The average price achieved during March was up marginally to $788,335. The average selling price for Q1 2019 compared to the same peri...Read More

  The Toronto Real Estate Board reported a total of 77,426 residential transactions through TREB’s MLS® System in 2018.  That is a 16.1% decline when compared to 92,263 sales reported during 2017.  The overall average sale price for a house or condo during 2018 was $787,300, down by 4.3% for all home types combined across the TREB market area.  Home prices were up v...Read More

Greater Toronto Area REALTORS® reported 6,455 sales through TREB's MLS® System during September 2018, which represents an increase of 1.9% over the volume set in September 2017. The average selling price for all home types reached $796,786, an increase of 2% from the same month a year ago. During the past few months, the market has demonstrated increasing resilience, as consumers gain...Read More

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

  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 rob...Read More

  Canadian 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 national aggreg...Read More

  The 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 market. The a...Read More

  Greater 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 price for all h...Read More

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