Jun
The Toronto Real Estate Board reported 7,834 sales in May 2018, 22.2% fewer than May 2017. There were 19,022 new listings posted to the Board, 26.2% fewer than the same month last year. Despite fewer new listings, the total number of available listings increased by 13.2%,...
Read MoreMay
TREB reported 7,792 sales last month, a drop in volume of 32.1% from April 2017. The average sale price was down 12.4%, but keep in mind that at this time last year the market was still showing the effects of that massive price spike. April 2017...
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Well, the TREB stats are out for March, and so are the breathless headlines! I was going to comment on a few of them, but the thought gave me a headache. ;) While sales volume fell significantly year-over-year (down about 40%), one has to remember that...
Read MoreMar
Once again, there's a lot of noise and nonsense about the Toronto real estate market. Headlines with words like "plummet" and "slump" make it seem as though the market is in bad shape. It's not. Firstly, we typically compare a month (e.g. February) to the same...
Read MoreFeb
The Toronto real estate market survived a roller-coaster-like year in 2017. The first quarter (Q1) saw wicked price increases, followed by a hard rebound in prices in Q2, which in turn was followed by a period of relative calm in Q3, then a surge in...
Read MoreRE/MAX Hallmark was already the biggest (and best!) RE/MAX franchise in the GTA, and today it's even bigger (and better)! Ken McLachlan, Broker of Record/Owner, just announced the addition of RE/MAX First Real Estate into the RE/MAX Hallmark family, effective immediately. RE/MAX First has over 130...
Read MoreThis week OSFI released the latest update to the Residential Mortgage Underwriting Practices and Procedures (commonly referred to as B-20). Here is a LINK to the statement OSFI made in their press release letter. Should you wish to view the entire document from OSFI, it...
Read MoreOct
The most obvious aspect of the September market was the drop in sales volume. Transactions were down 35.1%, from 9,830 last year to just 6,379 this year. At the same time, the number of active listings surged from 11,255 to 19,021, an increase of 69%. This is, broadly...
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