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GTA Real Estate Market News and Articles | My Blog

Brace for a possible tax on speculative home purchases

6/14/2017 | Posted in Mortgages and Real Estate by Michael Antczak

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The chief economist of the Canadian Real Estate Association says homeowners in the Greater Toronto Area should brace themselves for a possible tax on speculative home ... More


Ontario new housing rules take a bite out of new construction numbers for country

6/9/2017 | Posted in Real Estate Market by Michael Antczak

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Canadian housing starts fell 8.6 per cent in May from April, a decline fuelled by a massive pullback in new home construction since Ontario moved to cool the housing market in ... More


Big bank forecasts Toronto's future

6/8/2017 | Posted in Toronto Real Estate by Michael Antczak

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One of Canada’s largest banks reacts positively to Toronto’s cooling market.

... More


Is Toronto's housing market decline for real?

6/8/2017 | Posted in Toronto Real Estate by Michael Antczak

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Why sales and prices seem likely to continue to fall for at least the next two or three months.

... More


TREB May numbers show a soft month for Toronto real estate market

6/8/2017 | Posted in Toronto Real Estate by Michael Antczak

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Home sales dropped in May 2017 compared to last year, but experts say the trend is likely temporary.

... More


Toronto home sales drop most since recession as new rules put brakes on market

6/6/2017 | Posted in GTA Real Estate by Michael Antczak

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Sales of existing homes across the Greater Toronto Area dropped a whopping 20.3 per cent in May from a year ago, while the average home price in the region fell about six per ... More


GTA REALTORS® Release Monthly Resale Housing Market Figures

6/5/2017 | Posted in GTA Real Estate by Michael Antczak

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Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 10,196 sales through TREB’s MLS® System in May 2017 ... More


Real estate not only more expensive, but also more complex

6/3/2017 | Posted in Ontario Real Estate by Michael Antczak

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The only thing increasing faster than GTA home prices is the complexity of the market. Lesser-known but very important changes are already underway that will significantly ... More


New record for GTA residential land sales

5/24/2017 | Posted in GTA Real Estate by Michael Antczak

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Residential land was the hottest sector in investment real estate sales in the GTA in the first quarter of 2017.

... More


Sales of new high-rise homes double 10-year average in GTA

5/23/2017 | Posted in GTA Real Estate by Michael Antczak

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Sales of new homes in the Greater Toronto Area gained 24 per cent year-over-year in the first four months of 2017 as the number of high-rise sales surged.

... More


GTA listings surge will quickly run its course: RBC

5/17/2017 | Posted in GTA Real Estate by Michael Antczak

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The surge in new listings in the GTA in April may be short-lived as many sellers may have been “cashing in their chips.”

... More


GTA condo sales break record

5/4/2017 | Posted in Toronto Real Estate by Michael Antczak

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All industry eyes are keenly fixed on the Toronto real estate market following last month’s reveal of Ontario’s new housing plan; and while it’ll still take a ... More


GTA REALTORS® Report April Resale Housing Figures, As TREB Releases New Insights On Foreign Buyers, Speculation, And Multiple Ownership

5/3/2017 | Posted in GTA Real Estate by Michael Antczak

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The Toronto Real Estate Board has examined property assessment and land registry data in Ontario and has concluded that foreign buyer ownership, as well as speculation by ... More


Toronto's Fast Moving Prices Spread To Surrounding Suburban Real Estate

5/2/2017 | Posted in Ontario Real Estate by Michael Antczak

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Canadians are confident in the Canadian real estate market, and they’re putting their money where their mouth is. According to the latest numbers from the Canadian Real ... More


Housing policy to have more impact in GTA than Vancouver: Fitch

5/1/2017 | Posted in GTA Real Estate by Michael Antczak

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The measures announced by the government to curb the rising house prices in the Greater Toronto Area will have more “meaningful impact” than those already ... More


GTA condo sales up more than 20 per cent

4/26/2017 | Posted in GTA Real Estate by Michael Antczak

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The sale of condos in the Greater Toronto Area continues to surge with a 21.7 per cent in the first three months of 2017 compared to the same period of 2016.

... More


Activity in Canada's largest urban centres encouraging local buyers to relocate to surrounding markets : Re/Max

4/25/2017 | Posted in Real Estate Market by Michael Antczak

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"Move-over" buyers from Toronto and Vancouver turning to surrounding areas to find a balance of affordability, square footage, and access to ... More


Ontario to tax foreign buyers, expand rent control

4/20/2017 | Posted in Ontario Real Estate by Michael Antczak

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Ontario plans to help cool a hot housing market by bringing in a 15-per-cent foreign buyer tax, expanding rent control, allowing Toronto to impose a tax on vacant homes and ... More


Overheated Price Appreciation in Greater Toronto Area Reaches New Heights in the First Quarter of 2017

4/18/2017 | Posted in Toronto Real Estate by Michael Antczak

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Apprehension grows over the region's steep price gains, causing many to search for property in regions beyond the GTA.

... More


GTA REALTORS® Release Resale Housing Market Figures

4/5/2017 | Posted in GTA Real Estate by Michael Antczak

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Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 12,077 residential sales through TREB’s MLS® System in ... More


GTA baby boomers choosing to stay put and renovate

4/2/2017 | Posted in GTA Real Estate by Michael Antczak

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In a market that’s undergoing intensification, home renovations are becoming serious business. Last year more than $72 billion was spent on renovations nationwide, ... More


GTA's hot housing market fuelled by strong economy

3/28/2017 | Posted in GTA Real Estate by Michael Antczak

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The GTA's hot housing market is a symptom of its rapidly growing economy compared to other parts of the country, but the expectation of perpetually rising prices poses a ... More


GTA high rise sales surging year-to-date

3/27/2017 | Posted in GTA Real Estate by Michael Antczak

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Sales of new high rise homes in the Greater Toronto Area have surged in the first two months of this year according to latest data from Altus Group.

... More


$1 million GTA homes have almost doubled

3/22/2017 | Posted in GTA Real Estate by Michael Antczak

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In the first two months of 2017 there were 2,876 such sales, up from 1,548 in the same period of 2016, a top real estate brokerage reports.

... More


GTA condo market is undersupplied: CIBC

3/17/2017 | Posted in GTA Real Estate by Michael Antczak

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The commonly-held perception that there are too many condos for sale in the Greater Toronto Area has been challenged by CIBC’s Benjamin Tal.

... More


Toronto's million-dollar house contagion has now officially spread to the suburbs

3/3/2017 | Posted in GTA Real Estate by Michael Antczak

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In Toronto suburbs, which cover the 905 area code, the average detached home price soared 35 per cent to $1.11 million from last February, the fastest growth of any housing ... More


GTA REALTORS® Release Monthly Resale Housing Market Figures

3/3/2017 | Posted in GTA Real Estate by Michael Antczak

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Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 8,014 residential sales through TREB’s MLS® System in ... More


Single-family homes in GTA average above $1 million

2/24/2017 | Posted in GTA Real Estate by Michael Antczak

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A new record has been set in the Greater Toronto Area with the average single-family ground-oriented home now surpassing $1 million, the Building Industry and Land Development ... More


Big bank increasingly bearish

2/17/2017 | Posted in GTA Real Estate by Michael Antczak

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Well, this may be the first time in recent memory a big bank economist has used the feared B-word in relation to real estate. Bubble.

... More


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