By: Zoocasa Are you interested in buying a home in Toronto? If so, you’ll need to be among the top bracket of income earners, according to a recent report by Zoocasa. The report states that only the top 10% of income earners can afford to purchase a house in Toronto, at a benchmark price of $873,100. […]
By: Zoocasa After a prolonged dip in real estate sales, the Toronto Real Estate Board (TREB) is happy to report that sales are beginning to increase within the Greater Toronto Area. Houses for sale in Toronto jumped by 11.3% since March, while year-over-year home sales have increased by 16.8%. Toronto’s real estate market conditions have slightly increased towards […]
By: Zoocasa Living walking distance to your office isn’t an option for most who work in the downtown core anymore. It’s a question of affordability: the average property in Toronto central now goes for about $1.3 million, while condos are almost $600,000. Many residents are now choosing instead to live within commuting distance to the city. […]
By: Zoocasa Condo sales posted unusually weak price gains this March, rising only 2 per cent year over year, says a recently released report by the Toronto Real Estate Board. It’s surprising because since new mortgage regulations came into effect on January 1, 2018, condo prices have been the darling of the Toronto real estate market, […]
By: Zoocasa The Toronto Real Estate Board is blaming a soft housing market on tighter mortgage lending rules — and wants 30-year amortizations back to fire up sales. Sales declined 2.5 per cent to 5,025 transactions, while property prices edged down 1.5 per cent to $780,400 this February year over year. “The OSFI-mandated mortgage stress test […]
By: Zoocasa While the weight of the Ontario Fair Housing Plan and the mortgage stress test resulted in 2018 being one of the worst years in recent record for the Toronto real estate market, condos saw a boost in popularity among home buyers. While the average home price fell 4.3% to $787,300 over the year, the average […]
By: Zoocasa With the rise of real estate prices across Ontario, buying a home in the province, even with dual incomes, is no easy feat. For the significant portion of Canadians who are buying a home on a single income, you can expect that affordable cities are even fewer and far between. Results from a Zoocasa study, […]
By: Zoocasa All property types posted price gains in the 905 region this January, according to the latest report from the Toronto Real Estate Board (TREB). Detached house prices rose 0.9 per cent to $883,000, semi-detached 1.8 per cent to $650,750, townhouses 2.1 per cent to $600,500 and condos 8.2 per cent to $456,860.
By: Zoocasa The festive season wrapped up a quiet year for the real estate market in the Greater Toronto Area, as reported by the Toronto Real Estate Board. The latest report shows a 31.5% decrease in new listings in the GTA compared to December of last year, with 4,308 units on the market and a […]
By: Zoocasa Ontario is either almost entirely advantaged toward the seller, or balanced, according to the latest data from Zoocasa. That means the sales-to-new listings ratio (SLNR) exceeds 60 per cent in 12 Ontarian cities. A sales-to-listings ratio of 40 to 60 per cent is considered balanced, and below that range it becomes a buyers’ market. […]