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Toronto Housing News and Articles | My Blog

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


Toronto's housing market feels chill from provincial measures

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

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Toronto’s overheated housing market has cooled rapidly since the Ontario government announced a suite of new housing measures in April, with average prices dropping 6 per ... More


GTA Home Sales Plunge 26% Following Ontario Foreign Buyer Tax

5/25/2017 | Posted in GTA Real Estate by Michael Antczak

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On April 20th 2017 the Ontario government introduced their Fair Housing Plan which included a 15% tax on homes purchased by foreign (non-resident) buyers. The provincial ... More


Obsession with home ownership driving Toronto affordability crisis, report finds

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

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The Toronto area will need up to $150 billion in new home construction in the coming decade and most of that should be rental units, says a report from the Canadian Centre for ... More


Agents sound off on the country's hottest market

5/19/2017 | Posted in Toronto Real Estate by Michael Antczak

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Toronto real estate performance in April -- specifically the uptick in new listings -- is a seasonal blip in the market's radar, according to leading agents.

... More


Toronto real estate sales climbed in past week, but overall cooling could be coming

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

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Early data suggests homebuyers in Canada’s largest city sat on the sidelines as they awaited new market cooling measures, but jumped backed into the market — albeit ... More


Cool Toronto's market by cutting tax - not raising it

4/12/2017 | Posted in Toronto Real Estate by Michael Antczak

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Jack Mintz: If Premier Kathleen Wynne wants to score a big win with home-buying voters, why not get rid of the land-transfer tax altogether?

... More


Six stunning numbers about Toronto real estate and your personal finances

4/8/2017 | Posted in Toronto Real Estate by Michael Antczak

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From a personal finance point of view, Toronto real estate makes your head spin. Monthly price increases for resale houses in the city are amazing enough in their own ... More


Experts weigh in on hot Toronto house prices

4/8/2017 | Posted in Toronto Real Estate by Michael Antczak

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Interest rates, lack of supply, speculators and foreign buyers may all be contributing to rapid price growth.

... More


Royal Bank CEO 'increasingly concerned' about Toronto, Vancouver housing markets

4/6/2017 | Posted in Real Estate Market by Michael Antczak

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Royal Bank's CEO said he's "increasingly concerned" about the Toronto and Vancouver housing markets and would welcome government intervention in the ... 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


Banking head speaks out on Toronto real estate market

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

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Governments may have to impose more measures to cool Toronto’s housing market if prices remain “overheated” after the spring buying season, said Bank of Nova ... More


The Toronto housing fix: Be careful what you wish for

3/31/2017 | Posted in Toronto Real Estate by Michael Antczak

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With Toronto housing getting harder and harder to afford, governments are under pressure to “do something” – always a dangerous moment. Several ideas are ... More


Toronto eyes vacancy tax to rein in real estate speculation

3/31/2017 | Posted in Toronto Real Estate by Michael Antczak

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Toronto Mayor John Tory says he is open to following Vancouver’s lead by imposing a tax on vacant homes to crack down on speculators, as pressure mounts on governments of ... More


Sousa promises measures to cool Ontario's overheated housing market

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

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Attention hard-pressed homebuyers: Finance Minister Charles Sousa is promising help in his spring budget to make houses and condos more affordable.

... More


Toronto house prices may jump 25% this year: Report

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

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Toronto’s housing market is likely to stay strong for the rest of the year, with home prices jumping as much as 25 per cent, amid hints that speculators are fuelling ... More


Demand fuels Toronto house prices, not lack of supply: Study

3/13/2017 | Posted in Toronto Real Estate by Michael Antczak

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Recent house price increases in Toronto are being driven by demand from foreign and domestic buyers who are caught up in a bubble of growing price expectations, and are not due ... More


Big banks are freaking out about Toronto real estate

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

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Add Canada’s largest bank to the growing chorus of lenders worrying about unsustainable price growth in Toronto. Sparking speculation that further mortgage rule ... 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


Toronto's home prices in line with other world cities

2/28/2017 | Posted in Toronto Real Estate by Michael Antczak

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Bubble. What bubble? Toronto's soaring home prices are in line with the reality of other world cities such as New York, Hong Kong and ... More


Toronto condo sales push to records as buyers get squeezed out of the low-rise market: report

2/7/2017 | Posted in Toronto Real Estate by Michael Antczak

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Priced out of detached houses and other low-rise products, Toronto buyers poured into condominiums units last year to create a 10-year low in inventory, according to a recent ... More


GTA REALTORS® Release Monthly Resale Housing Market Figures

2/4/2017 | 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 5,188 residential transactions through TREB's MLS® System in ... More


Toronto realtors predict another price surge in 2017

2/1/2017 | Posted in Toronto Real Estate by Michael Antczak

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Toronto’s housing market is in for another red-hot year, the area’s real estate board said in a new forecast.

... More


Government intervention in Toronto more likely by the day: RBC

1/30/2017 | Posted in Toronto Real Estate by Michael Antczak

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In a report released last week, the Royal Bank of Canada cautioned that the trends and conditions in Toronto real estate point to the growing possibility of government ... More


Toronto's new home prices hit fresh record as housing shortage nears 'crisis levels'

1/29/2017 | Posted in Toronto Real Estate by Michael Antczak

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Supply of new low-rise homes in the city have declined so dramatically in the past decade that some projects are selling out just hours after launching, builders say.

... More


First-time buyers get GTA land tax reprieve

1/27/2017 | Posted in Toronto Real Estate by Michael Antczak

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The City of Toronto is not increasing the Land Transfer Tax for first-time buyers which could have added as much as $4,475 to the cost of buying a home.

... More


Toronto condo buyers feeling the squeeze

1/20/2017 | Posted in GTA Real Estate by Michael Antczak

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One of the big surprises of the resale market in 2016 in the Greater Toronto Area was the strength of the condo segment. The shortage of listings in the single-family home ... More


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