By: Zoocasa The Canadian real estate market has been rapidly changing over the course of this year. There are new provincial policies, taxes, and tougher federal mortgage criteria that have reduced housing affordability and slowed sales. This means that buyers and sellers looking for, say, Calgary homes for sale or browsing MLS listings in Toronto must now adapt to the […]
By: Zoocasa Supply issues have plagued the Toronto real estate market for years, and the Toronto Real Estate Board (TREB) cites it as one of the primary reasons home prices continue their seemingly irrepressible growth. Last November saw a surge of inventory – 14,349 new listings amid a rush to capitalize on the buying frenzy resulting from the […]
By: Zoocasa As your home purchase closing draws nearer, most of the stress and anxiety dissipates as you take the final steps towards homeownership. The same can’t be said for your wallet, however, as you’re then faced with numerous closing costs that need to be paid before your transaction is complete, with the largest being […]
By: Zoocasa The shaky first half of 2018 is officially over, with home sales and prices both edging upwards for the fifth month in a row this October, according to the Toronto Real Estate Board (TREB). TREB reported 7,492 sales through MLS in October 2018 in the Greater Toronto Area, a 6-per-cent increase year over […]
By: Zoocasa Both home sales and prices are stable this September and slightly higher year over year in the Greater Toronto Housing market. The Toronto Real Estate Board (TREB) recently announced that sales were up 1.9 per cent to 6,455 transactions while the average selling price for September 2018 was up 2.9 per cent year over […]
By: Zoocasa Ontario is often thought to be the most expensive province for real estate & a perception created from the fact that it’s home to the Toronto housing market, one of the hottest in the nation. Interestingly enough, according to recent data compiled by Zoocasa, Toronto doesn’t hold the top spot for Ontario’s most unaffordable housing […]
By: Zoocasa The Canadian housing market tells different tales depending on the city; property values, and the economic fundamentals that support them, vary based on the municipality or the province in question. While housing prices can be very diverse, so too can home ownership costs. For instance, the land transfer tax home buyers pay when […]
By: Zoocasa The Toronto Real Estate Board reports that the housing market is finally starting to recover from the storm caused by last year’s policy and mortgage changes & to the extent that it has prompted concerns of overheating demand. Compared to August 2017, data from this August reports slight improvement across all TREB regions. […]
By: Zoocasa The Supreme Court of Canada announced this August that it will not hear the Toronto Real Estate Board’s (TREB) appeal to keep past sold data for Toronto homes for sale proprietary. TREB fought a lengthy battle to keep such information private, losing two other court battles in 2011 and 2016, and now, finally, […]
Both sales and property prices in the 905 are up this July and have rebounded from a difficult first half of the year, reports the Toronto Real Estate Board (TREB). Compared to the rest of Canada, Toronto real estate prices remain lower than the stratospheric levels of Vancouver MLS listings, but higher than the more […]