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Toronto Real Estate News and Articles | My Blog

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


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


Cottage country feels the heat from Toronto's real estate fire

5/21/2017 | Posted in Real Estate Market by Michael Antczak

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The May long weekend is the traditional kick-off to cottage season. But long before the snow melted this spring, equity-rich baby boomers from the city had been turning up the ... 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


Commercial rents in Toronto could soar as much as 50% in the next three years as market tightens

5/18/2017 | Posted in Toronto Real Estate by Michael Antczak

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A new report suggests commercial tenants in Toronto will be facing massive rent increases over the next three years, amid rising property values.

... 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


Most sweeping rent controls in 25 years could end up making Toronto housing more expensive if building halts

5/16/2017 | Posted in Ontario Real Estate by Michael Antczak

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Toronto’s trying to make it more affordable to rent in one of the world’s hottest housing markets. New measures may have the opposite effect.

... More


Sharpest 12 Month Rise On Record For Toronto and Hamilton Home Prices

5/12/2017 | Posted in Real Estate Market by Michael Antczak

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In April, the Teranet–National Bank National Composite House Price Index™ was up 1.2% from the previous month. This gain is similar to that reported for April of ... More


Toronto, Victoria are world's 'hottest' luxury real estate markets

5/11/2017 | Posted in Real Estate Market by Michael Antczak

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Toronto and Victoria, B.C. are the world’s “hottest” markets for luxury homes as investors flock to Canada for its political and economic stability, according ... 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 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


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


Foreign Buyers or Domestic Greed? Over 121,000 Toronto Homeowners Own Multiple Homes In The City

4/27/2017 | Posted in Toronto Real Estate by Michael Antczak

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New data from the Ministry of Finance shows that Toronto real estate has a bigger problem than foreign buyers, speculators from Toronto. 

... More


More People Are Buying Toronto Real Estate That Shouldn't, And Half Are At Risk of Defaulting

4/27/2017 | Posted in Toronto Real Estate by Michael Antczak

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Toronto real estate buyers scrambling to get in the market are increasingly taking out high-ratio mortgages, with far too little income.

... 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


No measures that could boost demand for housing in Toronto: Morneau

4/19/2017 | Posted in Toronto Real Estate by Michael Antczak

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Three levels of government facing a red-hot housing market in the Greater Toronto Area agreed Tuesday not to introduce any measures that would further boost demand and drive ... 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


BoC's Poloz issues warning about speculation in Toronto housing market

4/14/2017 | Posted in Toronto Real Estate by Michael Antczak

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Bank of Canada Governor Stephen Poloz has issued a warning about “unsustainable” speculation in the Toronto region’s housing market but says an interest-rate ... 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


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