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TORONTO & GTA BUNGALOWS FOR SALE

Toronto & GTA MLS® Home Sales - May, 2017: Inventory jumps & Sales Fall YoY; Prices Soften

Monday Jun 05th, 2017

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Toronto - June 5, 2017 - In the wake of the Ontario government's new "Fair Housing Plan" introduced in the second half of April, 2017, the much-anticipated Toronto & GTA [Greater Toronto Area] May MLS® statistics were released this morning by the Toronto Real Estate Board showing a 42.9% spike in the Total Active Listings...alongside a 20.3% drop in the number of homes sold. As for prices, the report notes that prices are up 14.9% to $863,910 on average... [read more]

Toronto & GTA MLS® Home Sales - April, 2017: Prices, Inventory rise; sales moderate slightly.

Sunday Jul 16th, 2017

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Toronto - May 3, 2017 - Realtors® in Toronto and the GTA / Greater Toronto Area have released the April, 2017 residential sales statistics via their monthly MarketWatch publication showing 11,630 properties were sold through the Toronto Real Estate Board’s MLS®, off 3.2% versus April 2016. While this represents yet another very strong month for residential sales in Toronto and the GTA, some people may be taking a “wait and see” approach after new rules were... [read more]

TREB's April, 2017 mid-Month Stats...in case you're wondering...

Sunday Jul 16th, 2017

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...thought we'd do a quick, mid-month update of the Toronto & GTA residential resale market. Year-over-year as usual... We've seen at least a few industry observers comment that listings are on the rise. Listings are ALWAYS on the rise in the spring...but we don't get that "Total Active Listings" figure until the month-end report... Source: Toronto Real Estate Board Don’t hesitate to drop us a line anytime if you have... [read more]

Toronto & GTA MLS® Home Sales - March, 2017: Prices Up >30%; no inventory relief

Sunday Jul 16th, 2017

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Average prices across the area continue torrid pace YoY Toronto, Ontario - April 5, 2017 - As Yogi Berra put it, “It’s deja vu all over again.” Only worse. Or better. Depending on whether you're buying or selling... Toronto & GTA Realtors® today released the March, 2017 MLS® home sales figures via the Toronto Real Estate Board’s MarketWatch report. The report reveals a continuation of the long-standing trend, namely spiking prices driven by chronic... [read more]

Ontario strips home warranty corporation, Tarion, of some responsibilities

Sunday Jul 16th, 2017

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Real estate lawyers say new regulator will better protect buyers Ontario has just announced that, based on an examination of Tarion and the Ontario New Home Warranties Plan Act, the Provincial Government is setting up a new regulatory body to monitor home builders, replacing the self-regulatory one that was created under former Premier Bill Davis’ government in 1976. In his final report, former associate chief justice John Douglas Cunningham found that Tarion's "framework has... [read more]

Toronto & GTA MLS® Home Sales - February, 2017: No Relief in Listing Inventory

Sunday Jul 16th, 2017

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Average price for Detached tops $1.5 million in T.O.; $1.1 mil in “905” Toronto, Ontario, March 3, 2017 - Realtors® in Toronto and the Greater Toronto Area today released the February, 2017 Toronto Real Estate Board [TREB] MLS® sales numbers showing good growth in the number of sales combined with very strong growth in average sales price - both of those statistics being heavily impacted by continuing extremely low inventory levels. The Board, via its MarketWatch... [read more]

Toronto & GTA MLS® Home Sales - January, 2017: Listing Inventory Down 50% YoY

Wednesday Sep 06th, 2017

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Toronto, Ontario, February 3, 2017 - Realtors® in Metropolitan Toronto and the Greater Toronto Area reported 5,188 home sales through the Toronto Real Estate Board’s MLS® system in January which represented an 11.8% rise over same month one year earlier - despite a chronic lack of listing inventory - as announced today by TREB President Larry Cerqua. While sales of Freehold [“Low-rise”] homes were lower in some areas - no doubt due to the combination of low... [read more]

Toronto & GTA MLS® Home Sales - December, 2016: Inventory & Price Trends Intact; Bungalows Very Popular

Sunday Jul 16th, 2017

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Toronto, Ontario, January 5, 2017 - The Toronto Real Estate Board today released it’s monthly MarketWatch statistical report showing that Toronto and GTA / Greater Toronto Area Realtors® reported 5,338 sales of residential properties through TREB’s MLS® system in December, 2016, up 8.6% versus December, 2015. That December total pushed 2016’s overall sales to a new record - the second year in a row for record TREB MLS® home sales in Toronto and the GTA.... [read more]

Toronto & GTA MLS® Stats, November, 2016: Continuing Tight Inventory Drives Price Growth Across the GTA

Sunday Jul 16th, 2017

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Toronto, Ontario, December 2, 2016 - Greater Toronto Area Realtors® today reported that 8,547 homes sold in November through the Toronto Real Estate Board's MLS® System, according to the Board's monthly MarketWatch publication. That figure represents a 16.5% increase compared to last November. With continuing strong demand and no relief in the very tight supply conditions, price growth was once again robust. The numbers were strong in all categories with the... [read more]

Toronto & GTA MLS® Stats, October, 2016: Detached Homes in

Sunday Jul 16th, 2017

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Toronto, Ontario, November 3, 2016 - The Toronto Real Estate Board today released MLS® figures for the month of October, 2016, showing a continuation of the record pace of home sales in Metropolitan Toronto and the GTA / Greater Toronto Area. The Total Active Listings figure stood at 10,563 which represents a 34.7% drop from the same period one year ago [16,180 active listings last October]. Obviously this continuing tight inventory situation is the primary driver of across-the-board... [read more]

Strong Sales & Price Growth; Tight Inventory Continues in September, 2016

Sunday Jul 16th, 2017

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Toronto, Ontario, October 5, 2016 - Strong sales growth continued in September with Toronto and GTA Realtors® reporting 21.5% more sales through the Toronto Real Estate Board's MLS® system compared to the year earlier period, according to TREB president Larry Cerqua in the monthly MarketWatch statistical report released today. Aside from continued strong sales numbers, the report confirms the continuation of extremely tight inventory which, combined with strong demand,... [read more]

Toronto & GTA Real Estate Statistics for August, 2016

Sunday Jul 16th, 2017

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Toronto, Ontario - September 7, 2016 - Toronto and GTA/Greater Toronto Area Realtors® today released the August, 2016 residential sales statistics showing August was another record month with 9,813 homes sold through the Toronto Real Estate Board’s MLS® System, up 23.5% compared to August 2015. All comparisons herein are year-over-year, unless otherwise noted. The Board points out that there were two fewer business days last August compared to this August and, because most... [read more]

Toronto & GTA Real Estate Statistics for July, 2016

Sunday Jul 16th, 2017

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Toronto, Ontario - August 4, 2016 - The Toronto Real Estate Board today released the July, 2016 residential sales statistics showing yet another month of strong price growth driven by historically tight inventory and historically low interest rates. Interestingly, sales of Detached homes in Metropolitan Toronto actually fell 6.5%, compared to last July, to 954 homes sold - though the average price of those sales was $1,202,753, up 20.7%. The big question is, Is this drop in the number of... [read more]

Toronto & GTA Real Estate Statistics for June, 2016

Sunday Jul 16th, 2017

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Toronto, Ontario - July 6, 2016 - The Toronto Real Estate Board confirmed today, with the release of the June, 2016 residential market statistics, what most of us already knew: the Spring market - and with it the second quarter - was capped off with yet another very strong month. While price growth for all types was robust, the Detached group continued to lead the charge with an overall average price increase that came in just shy of 20% on sales volume that was up 7% versus last June. In... [read more]

Toronto & GTA Real Estate Statistics for May, 2016

Sunday Jul 16th, 2017

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Toronto, June 3, 2016 - The Real Estate Board today released home sales statistics for the month of May, 2016 reflecting, once again, "strong sales growth". Generally, the only minus signs in the report were for the total active listings, down 30.4% compared to the year earlier period, and the average "Days on Market" [DOM] at 15 days compared to 18 days last May - or "16.7% faster". The only other "minus sign" in the report was for the number of... [read more]

April, 2016: Toronto & GTA MLS® home sales: Another record, but...

Sunday Jul 16th, 2017

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May 4, 2016 - The Toronto Real Estate Board released it's April, 2016 MLS® home sales statistics today confirming another record month with 12,085 homes changing hands, a 7.4% increase compared to April, 2015. All figures are year-over-year 
comparisons unless otherwise noted. In a market already constrained from a supply standpoint, one of the most telling statistics in the report is the Total Active Listings figure, down a stunning 26.9% to 12,554 homes... [read more]

Yawn... March, 2016: Another record for Toronto & GTA MLS® home sales…

Sunday Jul 16th, 2017

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April 5, 2016 - MLS® home sales statistics were released today by the Toronto Real Estate Board for March, 2016, showing record numbers for both the month of March and for Q1 2016 overall. The numbers were strong across the board with, once again, the only “minus signs" being in front of the “Days on Market” figure - meaning homes sold faster than they did a year ago - and the “Total Active Listings” figure - reflecting, to nobody’s surprise, the... [read more]

Toronto and GTA home sales: Hot, Hot, Hot!...

Sunday Jul 16th, 2017

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Toronto, March 3, 2016 - MLS Sales of houses and condos continued their torrid pace, setting a record in February, 2016, and continuing very strong through the middle of March… While houses [“low-rise market segments” in the  report] were the predominant drivers of price growth, Condo Apartments saw very strong increases in sales year-over-year and good price growth for the most part. As has been the case for some time, the only "negatives" in the report... [read more]

Toronto & GTA Real Estate Statistics for January, 2016

Sunday Jul 16th, 2017

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Toronto, February 4, 2016 - Whoa! Where went January? Here we are already past “Gopher Day"… 6 weeks ago we were doing “last minute shopping”. [Well…some of us were…]. Scary. But!... The residential real estate market chugged on with 4,672 homes sold in Toronto and the GTA in January 2016 - an 8.2% rise year-over-year. “It is clear that the handoff from 2015 to 2016 was a strong one. This is not surprising given that recent polling... [read more]

TREB 2015 Home Sales Top 100,000

Saturday Jul 15th, 2017

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Toronto, January 6, 2016 - The Toronto Real Estate Board December, 2015 MarketWatch report came out this morning entitled, “Record TREB® Home Sales in 2015". We actually already knew 2015 was a record after November’s report… The only question was, “How high…?”. As it turns out, the second-best December on record capped a record year overall. December’s 4,945 sales pushed the 2015 annual total to 101,299 homes sold. That was a 9.2% rise... [read more]

Feds Change Minimum Down Payment Rules

Saturday Jul 15th, 2017

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December 11, 2015 - Ottawa, Ontario   “The Government’s role in housing is to set and maintain a framework that is equitable, stable and sustainable. The actions taken today prudently address emerging vulnerabilities in certain housing markets, while not overburdening other regions. They also rebalance government support for the housing sector to promote long-term stability and balanced economic growth.” “This measure will increase homeowner equity, which... [read more]

Toronto & GTA Real Estate Statistics for November, 2015 - more record numbers...

Saturday Jul 15th, 2017

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Toronto, December 3, 2015 - Well, we have a couple of new records for Toronto MLS® home sales…   “Not only did we see a record sales result for November, but with one month left to go in 2015, we have already set a new calendar year record for home sales in the TREB market area, eclipsing the previous record set in 2007. Sales were up on a year-over-year basis for all major home types, both in the City of Toronto and surrounding regions...", said Toronto Real... [read more]

Toronto & GTA Real Estate Statistics for October, 2015 - Another Record...

Saturday Jul 15th, 2017

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Toronto, November 5, 2015 - The Toronto Real Estate Board today released the October, 2015 MLS® home sales statistics showing yet another monthly record. Overall, including all home types in all areas, the total number of sales was up 3.4% to 8,804 units last month at an average price of $630,876, up 7.3% over last October's $587,945. All figures are quoted on a year-over-year basis unless otherwise noted. The weak spot for sales was in the Detached group across the Greater... [read more]

GTA and Toronto Real Estate Statistics for September, 2015

Saturday Jul 15th, 2017

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Toronto, October 5, 2015 - MLS home sales released today by the Toronto real estate board confirm that last month's unit sales were a new record for the month of September. Once again, the only "minus signs" were in front of the "Total Active Listings" figure, which was down 7.3% to 17,765, and the "Days on Market" figure. While the growth in average prices was relatively strong across the board, the actual number of homes sold was only marginally higher... [read more]

GTA and Toronto Real Estate Statistics for August, 2015

Saturday Jul 15th, 2017

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Toronto, September 4, 2015 - The August, 2015 residential sales statistics were released today by the Toronto Real Estate Board reflecting a continuation of the long-standing trend, namely tight inventory and strong price growth. While the number of sales of Detached and Semi-Detached homes within Metropolitan Toronto fell compared to August last year, sales were robust enough in the balance of the GTA / Greater Toronto Area to result in overall rises for those two home types of 3.7% and 1.7%... [read more]

Toronto & GTA Real Estate Figures - July 2015

Saturday Jul 15th, 2017

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August 6, 2015 - Another month, another record for MLS® home sales in Toronto & The GTA. The Toronto Real Estate Board today released the statistics for the month of July, 2015, which showed continued strength in the residential housing market. Sales of homes continue to be supported by, of course, low rates for mortgage borrowing, and also by decent economic numbers for the GTA with the Unemployment Rate lower than it was this time last year. Detached homes continued to be the... [read more]

Toronto & GTA Real Estate Figures - June 2015

Saturday Jul 15th, 2017

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July 7, 2015 - The Toronto & GTA resale real estate market put in yet another record performance in June, 2015, based on statistics released today by the Toronto Real Estate Board. In fact, the only "negative" statistics in the report were more positives - at least from a home seller's perspective: Total Active Listings continued to fall, down 13.1% compared to one year earlier, and the average number of days it took to sell a home fell by 3 days. All figures are... [read more]

Toronto & GTA Real Estate Figures - May 2015

Saturday Jul 15th, 2017

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June 3, 2015 - Another month; another record. The Toronto Real Estate Board today released it's statistics for May, 2015, which showed 11,706 home sales reported by Realtors® in Toronto and the GTA. That total represents a new record for the month of May, and a 6.3% increase over May, 2014. Sales were up for all major housing types across the TREB market area with the exception of Detached homes within Metropolitan Toronto which were down 6.0% to 1,447 units. [All figures are... [read more]

Toronto & GTA Real Estate Figures - April 2015

Saturday Jul 15th, 2017

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May 5, 2015 - Toronto and GTA / Greater Toronto Area Realtors® today released the resale residential MarketWatch report for April, 2015, which reflected continuing robust market conditions across-the-board. In fact, the only "negative" numbers in the report were the Total Active Listings, down 10.1%, and the number of days it took to sell a home in Toronto and the GTA, also 10% lower. Both of these figures point, of course, to the "Sellers Market". [All figures are... [read more]

Toronto & GTA Real Estate Figures - March 2015

Saturday Jul 15th, 2017

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April 6, 2015 - Toronto and GTA / Greater Toronto Area Realtors® today released the resale residential MarketWatch report for March, 2015, which showed continued strength in terms of both number of sales reported and average sale price, almost across-the-board. No doubt the continued tight inventory plays a large part in this "Seller's Market": Total Active Listings continue to trail year-earlier figures, down 7.5% versus March 2014. The total number of MLS® sales of... [read more]

GTA and Toronto Real Estate Statistics for February 2015

Saturday Jul 15th, 2017

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March 4, 2015 - Realtors® in Toronto and the Greater Toronto Area today released the residential resale market statistics for the month of February, 2015, reflecting - with apologies for sounding like a "broken record" - continued strength, virtually across the board. Overall, including all home types in all TREB market areas, the total number of sales rose 11.3% to 6,338 units. The average sale price of those units was up 7.8% to $596,193. The strongest sector was Detached... [read more]

GTA and Toronto Real Estate Statistics for January 2015

Saturday Jul 15th, 2017

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February 4, 2015 - The residential resale market got off to a good start this year as reflected today in the Market Watch monthly statistical update released by the Toronto Real Estate Board. There were a couple of "softer" spots in the report but, overall - meaning all Toronto & GTA areas and all residence types - the number of units sold was up 6.1% to 4,355, and average selling price was up 4.9% to $552,575 compared to January, 2014 [All figures are quoted on a year-over-year... [read more]

GTA and Toronto Real Estate Statistics for December 2014

Saturday Jul 15th, 2017

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January 7, 2015 - As far as resale residential real estate was concerned, the term "Seller's Market" very much defined 2014 in Metro Toronto and the GTA. While 2014's total sales figure of 92,867 units was 6.7% higher than 2013's, the shortage of listing inventory was very likely the primary reason last year fell just shy of the record for unit sales set in 2007 [93,193]. As the Toronto Real Estate Board's Director of Market Analysis, Jason Mercer, put it, "The... [read more]

GTA and Toronto Real Estate Statistics for November 2014

Saturday Jul 15th, 2017

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December 4, 2014 - The Toronto Real Estate Board today reported it's MLS® resale sales figures for Metro Toronto and the Greater Toronto Area showing continued strong price growth for most home types, but a modestly lower number of homes sold in the Detached and Semi-Detached groups compared to November, 2013. The total number of sales for the entire TREB area rose a modest 2.6% year-over-year to 6,519 units, and the Average Selling Price for those units rose 7.4% to... [read more]

GTA and Toronto Real Estate Statistics for October 2014

Saturday Jul 15th, 2017

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November 5, 2014 - Residential resale market statistics released today by The Toronto Real Estate Board reflect continued strong growth in terms of both the number of sales and average selling prices. With Total Active Listings still below year-earlier levels [down 5.7%], the continuing "Seller's Market" conditions are making it difficult for some would-be buyers to find and purchase a suitable home in some areas. There were 1,199 sales of Detached homes in Metropolitan... [read more]

GTA and Toronto Real Estate Statistics for September 2014

Saturday Jul 15th, 2017

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October 4, 2014 - The Toronto Real Estate Board has released the residential resale market statistics for the month of September, 2014, reflecting continued strength in all areas and for all housing types. The only negative number in the report was for the "Total Active Listings" which was down 5.1% compared to last September and indicating that the tight inventory / sellers market continues... There were 1,052 sales of Detached homes in Metro Toronto, up 10.6%, at an average price... [read more]

GTA and Toronto Real Estate Statistics for August 2014

Friday Jul 14th, 2017

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September 4, 2014 - Summer? What summer?! Yes, technically there're still a couple of weeks left, but...and the Toronto Real Estate Board today released the August resale sales stats: 7,600 properties sold in Toronto and the Greater Toronto Area, up 2.8% from last August's 7,391. Sales for Toronto and the GTA 2014 year-to-date are up 6.5% to 65,454 versus the year-earlier period. August, 2014's numbers were up across the board - in all areas and for all housing types. The... [read more]

GTA and Toronto Real Estate Statistics for July 2014

Saturday Jul 15th, 2017

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August 7, 2014 - The residential resale sales figures for July, 2014 were released today by the Toronto Real Estate Board and reflected continued strong growth in both units sold and average prices, virtually across the board. The number of Semi-detached homes sold in Metro Toronto was unchanged compared to last July. Other than that, the numbers were all positive. As in the past, the numbers are somewhat softer than the previous few months: The spring market fades into the dog days of... [read more]

GTA and Toronto Real Estate Statistics for June 2014

Saturday Jul 15th, 2017

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July 3, 2014 - The June, 2014 Residential resale sales statistics were released today by the Toronto Real Estate Board showing that the market's march higher continued... Numbers were up strongly in all areas and for all housing types, in terms of both the number of sales and the average price, compared to the same period one year earlier. As was the case in both 2012 and 2013, the number of sales and the average selling price both fell somewhat versus the prior month [in both prior... [read more]

GTA and Toronto Real Estate Statistics – Mid-Month June 2014

Saturday Jul 15th, 2017

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June 17, 2014 - The residential resale sales figures reported today by the Toronto Real Estate Board for the 1st 14 days of June were once again strong in terms of both number of sales and average prices. TREB reported 1,835 sales of residential properties in Metropolitan Toronto in the first two weeks of the month, up 16.6% from June, 2013's 1,574. In the rest of the GTA there were 3,103 sales, up 8.4% from last year's 2,863. Overall totals including both areas were 4,938 sales, up... [read more]

GTA and Toronto Real Estate Statistics for May 2014

Saturday Jul 15th, 2017

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June 4, 2014 - The Toronto Real Estate Board today released it's May, 2014 residential resale statistics which showed continued strong growth in both average selling prices and the number of sales. In fact, May's overall total number of sales - 11,079 for Toronto and the GTA - represents a new record high for the month. That was an increase of 11.4% over last May's 9,946 total sales. Naturally, record-low interest rates contribute largely to the sales activity. Five-year closed... [read more]

GTA and Toronto Real Estate Statistics – Mid-Month May 2014

Saturday Jul 15th, 2017

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May 16, 2014 - Residential resale sales figures were released today for the first half of May reflecting a continuation of the "Sellers' Market" characterized by rising sales, rising prices, and relatively tight inventory levels. The Toronto Real Estate Board reported 1,930 sales in Metro Toronto, up 16.7%, and 3,255 sales in the rest of the Greater Toronto Area, up 21.4% from the same period one year earlier. Average selling price was also strong, up 11.5% to $663,787 in... [read more]

GTA and Toronto Real Estate Statistics for April 2014

Saturday Jul 15th, 2017

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May 6, 2014 - The Toronto Real Estate Board reported this morning the Residential resale sales statistics for the Greater Toronto Area for the month of April, 2014, showing a continuation in the contraction of available homes for sale and strong growth in prices. The number of homes sold was also up - though that probably would have been higher but for the limited number of properties for sale - and the current price levels. Sales of Detached homes in Toronto rose 6.9% to 1,296 and rose 1.0%... [read more]

GTA and Toronto Real Estate Statistics – Mid-Month April 2014

Saturday Jul 15th, 2017

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April 17, 2014 - The Toronto Real Estate Board today released the mid-month residential sales statistics for April which showed a continuation of the strong price growth which has resulted largely from persistently low levels of available inventory combined with strong demand and very low interest rates. The Board reported 2,288 sales of detached homes for the April 1st to 14th period - an 11.7% increase compared to the same period last year. Detached sales in the City of Toronto were up... [read more]

GTA and Toronto Real Estate Statistics – March 2014

Saturday Jul 15th, 2017

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April 3, 2014 - The Toronto Real Estate Board today released the March, 2014 Toronto & GTA monthly residential resale homes numbers which reflected a continuation of the trend of recent months, namely rising sales, rising prices, and contracting inventory. Even the number of sales of Detached homes in Toronto rose strongly on a year-over-year basis: Perhaps a result of higher prices, higher Land Transfer Taxes and "the winter that wouldn't end", the Detached group's... [read more]

GTA and Toronto Real Estate Statistics – Mid-Month March 2014

Saturday Jul 15th, 2017

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March 19, 2014 - The Toronto Real Estate Board announced today the residential sales statistics for the first 2 weeks of March. The report showed that overall sales of homes were virtually unchanged compared to the same 2 weeks of 2013 [3,459 this year versus 3,464 last year]. Sales of Detached homes fell 2.2% in Toronto, but rose 3.6% in the "905". As for average selling price, that fell in the 416 by one half of one percent for the Detached category to $902,425, but the... [read more]

GTA and Toronto Real Estate Statistics – February 2014

Saturday Jul 15th, 2017

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March 5, 2014 - Home sales by Greater Toronto Area Realtors® were reported today by the Toronto Real Estate Board for the month of February, 2014, reflecting an overall rise of 2.1% to 5,731 units sold compared to February, 2013's 5,613. While interest rates stayed low, the temperature - for the most part - stayed lower: It's likely that the weather "dampened" activity to some degree. Overall, the average selling price rose 8.6% to $553,193 from last February's... [read more]

GTA and Toronto Real Estate Statistics – January 2014

Saturday Jul 15th, 2017

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February 5, 2014 - The Toronto Real Estate Board today reported Residential Sales Statistics for the Greater Toronto Area showing a continuation of the recent trend, namely falling inventory levels and rising prices compared to the same period one year earlier. The total number of sales reported via the TorontoMLS System was down 2.2% - from 4,229 to 4,135 in January compared to January, 2013. While Detached and Semi-Detached sales fell, sales of Townhomes and Condominium Apartments rose.... [read more]

GTA and Toronto Real Estate Statistics – December 2013

Saturday Jul 15th, 2017

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January 6, 2014 - The Toronto Real Estate Board today released the December, 2013 residential resale sales figures which showed that, despite some relatively slow months earlier in the year, the overall number of sales transactions for 2013 rose about two percent compared to 2012. The average sale price for the year as a whole was $523,036, up 5.2% from 2012. As for the year-over-year figures, the total number of homes sold was up 13.8% to 4,078 compared to December 2012. The primary... [read more]

GTA and Toronto Real Estate Statistics - November 2013

Saturday Jul 15th, 2017

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December 4, 2013 - Realtors® in the Greater Toronto Area today reported residential sales statistics for November, 2013, showing a continuation of the recent trend, namely, rising prices and sales, combined with shrinking inventory, based on year-over-year comparisons. Toronto and GTA Bungalows continue to be a particularly hot commodity. The number of homes sold was up for all types, with the exception of semi-detached dwellings in the 416 which were down 1.1% to 267 compared to... [read more]

GTA and Toronto Real Estate Statistics - October 2013

Saturday Jul 15th, 2017

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November 6, 2013 - The Toronto Real Estate Board's October, 2013 Sales Statistics are out and show that the Greater Toronto Area residential real estate market continues to rebound very strongly both in terms of units sold and average prices. Numbers were up across the board for both sales and prices, with the exception of the number of sales of semi-detached homes in the 416 which were off 2.4% compared to October, 2012. The average sale price for "416 semi-detacheds",... [read more]

GTA and Toronto Real Estate Statistics - September 2013

Saturday Jul 15th, 2017

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October 3, 2013 - The Toronto & GTA real estate market continued to roll along in September, according to the sales figures released today by the Toronto Real Estate Board. The 7,411 residential units sold represented a 30% increase versus September, 2012. All housing types - in both the 416 and the 905 - showed strength. In fact, virtually the only numbers that "dropped" were those that reflect a tightening of market conditions: "New Listings" and "Active... [read more]

GTA and Toronto Real Estate Statistics - August 2013

Saturday Jul 15th, 2017

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September 5, 2013 - The Toronto Real Estate Board today released the August, 2013 sales figures which reflect continued strength in terms of both units sold and average prices compared to August, 2012, continuing the trend of recent months. The overall average price rose 5.4% to $503,094 year-over-year, but was off 1.9% compared to July. Active listings actually fell 1.3% versus the year-earlier period. [Note: While "New Listings" rose compared to August, 2012, bear in mind that... [read more]

GTA and Toronto Real Estate Statistics - July 2013

Saturday Jul 15th, 2017

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August 2, 2013 - Residential sales figures released today by the Toronto Real Estate Board show a continuation of the market's stronger performance in June as compared to previous months. Numbers were very strong in July, particularly in the "Freehold" sectors of the market [e.g. Detached, Semi-Detached & Freehold Townhomes]. The Condo Apartment market also showed strength in number of units sold - along with a modest increase in average price. While the Board reported,... [read more]

GTA and Toronto Real Estate Statistics - June 2013

Saturday Jul 15th, 2017

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July 4, 2013 - The Toronto Real Estate Market continues to hold up relatively well overall, as reflected by the June, 2013 sales figures released today by the Toronto Real Estate Board. The number of units sold in June was relatively unchanged from the same month a year earlier. 9,061 transactions were reported this June, compared with 9,129 in June 2012 - a 0.7% decrease. Sales were up in the 905 with the exception of Condo Apartments, but fell in the 416 in all property types. Sales of... [read more]

A Few Columns from the Toronto Papers

Saturday Jul 15th, 2017

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June 7, 2013 - Here - in no particular order - are a few recent articles on the Toronto and GTA housing market and on Toronto Bungalows specifically... 1. "Worried about the housing market? Five strategies for peace of mind" - The Globe and Mail, 2013-05-29 2. "This is not your 1990s housing market" - The Globe and Mail - 2013-06-04 3. "In Toronto, the market’s sweet spot is the humble bungalow" - The Globe and Mail - 2013-05-23 4. "This... [read more]

GTA and Toronto Real Estate Statistics - May 2013

Saturday Jul 15th, 2017

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June 5, 2013 - The Toronto Real Estate Board today released the May, 2013 residential sales numbers which show a modest softening overall in terms of number of units sold, though sales of detached homes rose on a year-over-year basis. Specifically, "Sales of single-detached homes in the GTA were up by almost one per cent compared to the same period last year, including a three per cent year-over-year increase in the City of Toronto. The sales picture in the GTA has improved markedly... [read more]

GTA and Toronto Real Estate Statistics - April 2013

Saturday Jul 15th, 2017

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May 3, 2013 - Statistics released today by the Toronto Real Estate Board for the month of April, 2013, reflected a stronger market than the previous months in that the trend of falling unit sales slowed considerably. In February and March, for example, the total number of homes sold fell 15.4% and 17.3% respectively, compared to the year-earlier periods. Prices rose 2.1% and 3.8% repectively. In April, the decline in the number of units sold slowed to just 2.1% versus April, 2012 [9,811... [read more]

GTA and Toronto Real Estate Statistics - March 2013

Saturday Jul 15th, 2017

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April 3, 2013 - The Toronto Real Estate Board today released it's statistics for March, 2013: The Trend Continues...softening in terms of unit sales, but with continued strength in prices compared to the year-earlier period. The number of residential units sold was down in all areas and for all housing types - and the softening was relatively consistent across the board. Generally, the opposite was true of prices: Up in all areas and for all types...though prices rose to varying degrees,... [read more]

GTA and Toronto Real Estate Statistics - February 2013

Friday Jul 14th, 2017

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March 5, 2013 - The Toronto Real Estate Board this morning released the Toronto and GTA MLS® sales figures which show a continuation of the trend of past months, namely a softening in the number of homes sold but a rise in average prices. The slowing in the number of units sold was relatively consistent across the GTA, and prices rose in all areas with the exception of the 416 Condo Apartment sector. It's also worth noting that Detached Homes in the 416 were, essentially, flat in... [read more]

GTA & Toronto Real Estate Statistics - January 2013

Friday Jul 14th, 2017

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February 4, 2013 - The January, 2013 sales figures were released today by the Toronto Real Estate Board and showed somewhat mixed results versus the year-earlier period. Generally, the recent trend of "lower sales volume but higher prices" continued, but the differences by area were noteworthy. In the 416, for example, the number of sales of detached homes fell 7.6% versus January, 2012. In the 905, that number increased by 3.7%. Some attribute the recent "stumble" in the... [read more]

GTA & Toronto Real Estate Statistics - December/Year-End 2012

Friday Jul 14th, 2017

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January 4, 2013 - The Toronto Real Estate Board has released December 2012's reisdential MLS sales numbers which show that the trend of recent months continuined: a further softening in the number of homes sold, while average prices continued their rise. December sales were off 19.5% versus December 2011: 3,690 this December; 4,585 in the year-earlier month. Average selling price was $478,439 this December, up a solid 6.5% compared to last December's $449,566. While the number... [read more]

Toronto Real Estate Statistics - November 2012

Friday Jul 14th, 2017

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December 5, 2012 - The Toronto Real Estate Board today released November 2012's residential MLS® sales statistics which showed a continuation of the trend of recent months: Softening unit sales combined with higher average selling prices. Specifically, the number of homes sold in November fell 16.1% to 5,793 [versus 6,908 in Novermber, 2011] and the average price rose 1.6% from $477,582 to $485,328. The number of Active Listings continued to rise at 18,311 - up 17.8%... [read more]

Toronto Real Estate Statistics - October 2012

Friday Jul 14th, 2017

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November 3rd, 2012 - October sales statistics were released today by the Toronto Real Estate Board and reflected a similar pattern to the last couple of months, namely, a decrease in the number of units sold while average prices continued to rise. Unit sales were off 7.1% versus the year-earlier period, though average price rose 6.2% to $503,479. TREB's Jason Mercer notes that "...the annual rate of price increase has been edging lower over the past few months as the market has... [read more]

Toronto Real Estate Statistics - September 2012

Friday Jul 14th, 2017

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October 3, 2012 - The Toronto Real Estate Board's September market stats are out and, as some had predicted, the number of units sold continues to soften, though average prices continue to rise. New listings were up about 4% year-over-year, and the average price rose about 8.5% to $503,662, but unit sales dropped 21% versus the year-earlier period. Now, 2011 was a fabulous year for the market. And, granted, the feds tightened up lending. And, granted, there were 2 fewer "working... [read more]

Toronto Real Estate Sales Statistics - August 2012

Friday Jul 14th, 2017

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September 5, 2012 - August, 2012 market statistics were released today by the Toronto Real Estate Board showing that while average prices rose 6.4% over August, 2011, the number of homes sold fell 12.5% year-over-year [6,418 vs. 7,330]. New listings in August were down 5.5%. Average sale price $479, 095 versus August, 2011's $450,323. The only rise in unit sales was that of townhouses in the "905" area code which were up 6% year-over-year. Interestingly, condo... [read more]

Toronto Real Estate Sales Statistics - July 2012

Friday Jul 14th, 2017

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August 3, 2012 - July, 2012 sales figues were released today by the Toronto Real Estate Board and showed a slight decline of 1.5% in units sold versus the same period a year earlier, but with prices up about 4% over the same period. Unit sales were 7,570 in July, 2012; the average selling price $476,947. The July 2011 figures were 7,683 and $458,646 respectively. While detached and semi-detached home sales saw modest declines versus the year-earlier period, freehold townhomes were up 15%.... [read more]

Toronto Real Estate Sales Statistics - June 2012

Friday Jul 14th, 2017

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July 5, 2012 - June, 2012 sales figures were released today by the Toronto Real Estate Board. The 905 area - with it's lower prices and lower Land Transfer Tax - continued to outperform the City of Toronto, though overall market activity was off somewhat as unit sales in the Condominium sector fell 18% year-over-year. While the 905 showed modest growth in sales of Freehold homes, sales contracted in the 416. Condo sales in the City were off 18% and off 20% in the 905. Average prices... [read more]

Toronto Real Estate Sales Statistics - Mid- Month June 2012

Friday Jul 14th, 2017

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June 18, 2012 - TREB's sales statistics for the 1st fourteen days of June were released today and reflected flat unit sales on a year-over-year basis - though the average price continued higher to $516,834 - an increase of more than 8% versus the $477,025 average for the year-earlier period. New listings were up 16% year-over-year. Interestingly, strong growth continued in the areas surrounding the City of Toronto - versus the City itself - a trend which some sttribute to the... [read more]

Toronto Real Estate Sales Statistics - May 2012

Friday Jul 14th, 2017

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June 5, 2012 - May, 2012 sales figures, released today by the Toronto Real Estate Board, reflect continued market strength - particularly in the "905" region. Overall, the 10,850 transactions represented an 11% increase over May, 2011. The average selling price rose 6.5% to $516,787. New listings rose 20% to 19,177 - a substantial increase on a year-over-year basis, but not when viewed in the context of monthly sales of nearly 11,000. For the full report, please click... [read more]

Toronto Real Estate Board - May 2012 mid-Month Sales Figures

Friday Jul 14th, 2017

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May 16, 2012 - The Toronto Real Estate Board today released their mid-month Market Update. Unit sales were 5,142 for the first 14 days of the month, up 14.5% over the same period in 2011. New listings were up 13%, and the average selling price continues to rise, up 6% to $517,242. For the full report, please click here. BACK to Justbungalows Home Page.. [read more]

April Toronto Real Estate Board Sales Statistics

Friday Jul 14th, 2017

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May 4, 2012 - The Toronto Real Estate Board's sales figures for April, 2012, were released today reflecting continued market strength. Unit sales were 18% higher than April, 2011 at 10,350 firm transactions versus 8,778 a year earlier. Single-Detached homes were the strongest market segment, up 22%. Because actual listings of single-detached homes have not kept up with rising demand, the year-over-year price rise was also strongest in this segment at +8.5% to $517,556 compared to... [read more]

CREA Releases National Statistics for March, 2012

Friday Jul 14th, 2017

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April 16, 2012 - The Canadian Real Estate Association today released Nation-wide residential real estate sales statistics for March. Overall sales were up a tepid 2.5% versus February, 2012, and up a mere 1.6% over March, 2011. Newly listed homes actually fell 0.3% versus February. With sales still rising - albeit marginally - but the number of available properties falling - the market remains relatively tight. The national average home price fell year-over-year by 0.5%,... [read more]

Toronto Real Estate Board - March Month-End Sales Statistics

Friday Jul 14th, 2017

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April 4, 2012 - The Toronto Real Estate Board's month-end sales statistics were released today for March, 2012. Members reported 9,690 sales for the month - up just shy of 8% over the same period a year earlier. The average selling price in the GTA was $501,614 - up 10% year-over-year [though off about $1,000 versus February, 2012]. The average listing sold for 100% of asking price, and the average "Days on Market" was 21. There were 16,308 new listings on the month,... [read more]

Toronto Real Estate Board - March Mid-Month Sales Figures

Friday Jul 14th, 2017

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March 19, 2012 - The Toronto Real Estate Board's mid-month statistics were released today with members reporting 4,215 transactions over the first 14 days of the month and while we'd note that that's only 45% of the month, it's still an approximately 7% increase in units sold versus the same "first 45% of March" last year! Average selling price was $502,155, more than 9% higher than a year earlier... and homes sold for an average 100% of asking price after 3 weeks... [read more]

National Stats Released by CREA for February

Friday Jul 14th, 2017

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March 15, 2012 - The Canadian Real Estate Association released National statistics for the month of February, 2012. Overall, home sales were up 1.4% versus January and 8.6% over February, 2011. New listings were up slightly [1.9%] over January. Nationally, the average price rose 2% year-over-year. For more information, click here. BACK to Justbungalows Home Page.. [read more]

Toronto Real Estate Board - February Month-End Sales Figures

Friday Jul 14th, 2017

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March 05, 2012 - The Toronto Real Estate Board today released sales statistics for the month of February, 2012. Members of the Board reported 7,032 sales for the month - a 16% increase over the same month a year earlier - though, 2012 being a leap year, there was one additional day versus February, 2011. The average selling price pushed above the half-million mark to $502,508 - an 11% increase over the prior February. The average listing sold for 99% of asking price, and the average... [read more]

Toronto Real Estate Board - February Mid-Month Sales Figures

Friday Jul 14th, 2017

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February 16, 2012 - The Toronto Real Estate Board today released it's mid-February market figures. Member Realtors® reported 3,206 sales over the first 14 days of the month, up more than nine percent versus the same period last year. New listings were up 13% over the same period. Average sale price was $491,493, also up nine percent over the year-earlier period. Average Days on Market, or "DOM", was 25. The full report is available by clicking here. BACK to... [read more]

Update: ecoENERGY Retrofit Homes Program

Friday Jul 14th, 2017

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The federal government's ecoENERGY Retrofits- Homes program is now no longer accepting new registrants. This program enabled eligible homeowners to receive grants of up to $5,000 to make their homes more energy-efficient. Due to the popularity of the program, only registrations submitted prior to January 28, 2012 have been accepted. To ensure registered homeowners have time to complete their post-retrofit evaluations, the evaluation deadline has been extended from March 31st to June... [read more]

GTA Realtors Report Mid-Month Resale Housing Market Figures

Friday Jul 14th, 2017

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TORONTO, January 17, 2012 - Greater Toronto Area Realtors reported 1,506 sales through the Toronto MLS system during the first two weeks of January 2012. This result represented a six per cent increase compared to the first 14 days of January 2011. New listings were also up on a year-over-year basis, but by a lesser 3.7 percent.   Click here to read the full article...   BACK to JustBungalows.com Home Page.. [read more]

Uptrend Intact for Toronto Real Estate Market

Friday Jul 14th, 2017

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There were 4,567 properties sold via the Toronto Real Estate Board MLS® for the month of January, 2012, 8.8% higher than the same month last year. The average sale price this January was $463,534, up 8.87% over the January, 2011 average.Specifically, detached home in the 416 area code rose 15% year-over-year to an average of $743,993 while detached homes in the 905 area code rose 5% to $530,129. There were 9,655 new listings reported by the Board during the month [all residential... [read more]

There Are Home Buyers, and there are Bungalow Lifestyle Buyers...

Friday Jul 14th, 2017

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There are home buyers and there are bungalow buyers: After "location" - all else being equal - the # 1 concern of “home buyers” is “How many square feet for the money?” Living space is more important than style of house. Bungalow buyers, on the other hand, are concerned primarily with style. First, it's Bungalow Lifestyle: Live it! ...in Toronto and the GTA | Greater Toronto Area; other factors are secondary. Maybe they want/need everything on... [read more]

One Week Left: Record Low Mortgage Rates

Friday Jul 14th, 2017

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From CBC News: "All across the country, mortgage specialists and brokers are busy fielding calls from people who've just heard about this week's record low mortgage rates."   Hmmm. The banks maintain it's only a "limited-time promo". But, as pointed out in the article, banks - Central or otherwise - don't control rates in the bigger picture: "It is the bond market that is the bigger driver of longer-term fixed mortgage rates, not the... [read more]

Glass in Hundreds of Toronto Condo Towers May Be a Problem

Friday Jul 14th, 2017

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Beware of future maintenance costs [and even re-sale issues??] if this is the problem that UofT Prof Ted Kesik believes. "Toronto has more condominium towers under construction than any other city in North America, but recently glass-clad towers have been in the news for all the wrong reasons. It started in the summer of 2011 when glass started falling from the shattered balconies of several downtown condo buildings in Toronto and Greater Toronto Area." Click here to... [read more]

Do we have enough money to retire?

Friday Jul 14th, 2017

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Our resident Retirement Consultant, Jim Otar, answers... This was the question Rita, my better half, asked me 12 years ago. At first, I told her, “Don’t worry, I am the financial planner in this family, leave it to me”, I continued with confidence, “after all, our former financial planner gave us a forecast in 1992. He was using a 12% average annual growth rate and look how rich we would be according to his plan!” Then something unexpected happened: I... [read more]

Canadian House Price Index - November 30, 2011

Sunday Jul 16th, 2017

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Hot off the press!! Here's an update of Canadian House Prices. "Prices were flat compared to the previous month in 2 of 11 major Canadian markets [Ottawa & Vancouver]; prices fell in 5 of the 11 markets [Halifax, Calgary, Quebec City, Montreal & Edmonton]; prices rose in Winnipeg, Hamilton, Toronto & Victoria." Click this link if you'd like to view the full report... Source: Teranet – National Bank National Composite House Price... [read more]

Foreclosure v.s. Power of Sale

Sunday Jul 16th, 2017

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In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a “foreclosure” on their property. In today’s market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears. Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure. What is a Foreclosure? Foreclosures are laborious, grueling, and costly to both the... [read more]

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