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

  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