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 ...

Market data for August came in as expected. Both the average sale price and the number of residential properties reported sold increased compared to August 2017. The average sale price for all properties sold came in at $765,270, or almost 5 percent higher than last year’s average sale price of $730,969. The number of properties sold compared to last year increased by almost 9 percent to a he ...

Report Prepared by Chris Kapches, LLB, President and CEO, Broker

There were no surprises as to the market’s performance in July. There has been a consistent improvement both as to sales volumes and average sale prices since January.  July saw the most dramatic year-over-year improvement. As compared to last year, sales volumes in the greater Toronto area increased by 18.4 percent, and the aver ...

I just sold this Apartment at #115 5795 Yonge Street, Toronto, ON Newtonbrook East.

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I just sold this Townhouse at #TH 15 20 Burkebrook Place, Toronto, ON Bridle Path-Sunnybrook-York Mills.

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I just sold this House at 532 Blythwood Road, Toronto, ON Lawrence Park .

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I just finished uploading this Apartment for sale, #115 5795 Yonge Street, Toronto, ON

A spectacular ground floor suite with additional rare private entrance from front courtyard in the prestigious “Turnberry Court” condominium building located in the much sought after Yonge/Finch Corridor. Perfect for professionals and families alike, this unit is truly “move-in” ready and offers an a ...

Report Prepared by Chris Kapches, LLB, President and CEO, Broker

Nasty year over year comparisons came to an end in June. For the first time in more than a year, we saw positive variances in the number of sales and average sale prices. It was unrealistic to compare the first few months of 2017 to any period. Those months represented the most frenetic period in the history of the Toronto reside ...

Report Prepared by Chris Kapches, LLB, President and CEO, Broker

There were no surprises in the May resale figures for the Toronto and area residential market. The three themes that emerge are that the city of Toronto resale market continues to strengthen (416 regions); the 905 region continues as a drag on the overall market, and the high-end of the resale market ($2 Million plus) has yet to ...

I just rented this House at 26 Braeside Road, Toronto, ON Wanless Park .

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