2019 started positively, surprising many who were anticipating the double-digit declines that the Toronto and area residential resale marketplace delivered in November and December of last year. Although moderate, January delivered increased sales volume and average sale prices compared to January 2018.

 

 

There were 4,009 sales reported in January, a less than 1 percent increase compar ...

There were no surprises in December. The year came to an end as expected. Higher borrowing costs and the new stress testing measures implemented at the beginning of the year are now a driving force in the Toronto housing landscape. The landscape is now one of moderating sales volumes and average sale prices, as was made evident in December’s resale data.

In December sales declined by more than ...

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I just finished uploading this House for sale, 118 Stratford Crescent, Toronto, ON

Elegance abounds in this stately and resplendent residence located at a most coveted address in the upscale neighbourhood of Lawrence Park. From the dramatic Georgian red brick façade to the meticulous craftsmanship and design within, this is a spectacular family home in a coveted location. With 70 ft frontag ...

It was no surprise that the Toronto and area residential resale market retracted in November. Sales volumes were off by 14.7 percent compared to reported sales last year. This November 6,251 properties were reported sold compared to 7,326 in 2017. There are many factors responsible for the current market. In fact, there are two markets: the city of Toronto (or the 416 region) and the 905 regi ...

I just finished uploading this Apartment for rent, #704 438 King Street West, Toronto, ON

Welcome To This Luxurious & Updated Two Bedroom Condo At "The Hudson" Providing You W/The Ultimate Downtown Living Experience In Trendy King West. Newly Updated It Features A 2 Bdrm, Split Plan Layout W/2 Full Washrooms, Balcony, Parking & Locker. Monthly Rent Includes Utilities. This Urban Chic Art Deco ...

The real surprise in October was that the Toronto and area marketplace was more buoyant than expected, especially with a further interest rate hike during the month coming from The Bank of Canada. After being at 0.5 percent for two years, the Bank’s rate has jumped to 1.75 percent in the last 18 months with the latest increase in October.

Notwithstanding these increases, sales in October ...

The new normal in the Toronto residential real estate market has arrived.  It has been finding its way for several months now, guided by the implementation of mortgage stress testing, the foreign buyer tax, and a number of mortgage interest rate hikes.  It is now crystal clear, that the frenzied market of 2016 and early 2017 was in a phrase: driven by cheap, and easy money.  There were other ...