Toronto's luxury housing market is ready to heat up in 2020

Thursday Dec 5th, 2019

Share
Toronto Real Estate

Luxury home sales in Toronto climbed in the first 11 months of 2019 and, with momentum continuing to build in the market as the year winds down, the outlook for 2020 is looking more and more promising. Much like the rest of the city and surrounding region's housing market, luxury real estate took a big dip in market activity in 2018 after a spectacular - though ultimately unsustainable - 2017 performance. This year started slow, but activity has crept higher in recent months led by... [read more]

Toronto home prices to creep close to 2017 all-time highs in 2019

Wednesday Apr 3rd, 2019

Share
Toronto Real Estate

The Toronto housing market is poised to nearly reach peaks obtained in 2017, the hottest year on record for residential real estate in Canada's biggest city. This sums up the year-end forecast from TREB. The board anticipates home sales this year will clock in at 83,000 units - surpassing last year's tally - while the average price soars to $820,000, just shy of the all-time high in 2017. "Price increases will be driven by the average condominium apartment price growth in the... [read more]

GTA Home Sales Stable as Prices Creep Higher

Wednesday Apr 3rd, 2019

Share
Toronto Real Estate

Slipping sales figures for the Greater Toronto Area appear to be stabilizing, with the latest report from the Toronto Real Estate Board (TREB) showing little year-over-year difference in the volume of local home sales recorded in March, with just one fewer unit sold. Similarly, the 7,187 residential sales recorded last month represent just a 1% drop in sales measured quarterly. Along with flat March and Q1 sales versus the stronger numbers seen in 2018, new listings have delcined in even... [read more]

Ontario Tried a Speculation Tax on Property, and The Market 'Collapsed Overnight'

Thursday Jul 7th, 2016

Share

ONTARIO TRIED A SPECULATION TAX ON PROPERTY AND THE MARKET COLLAPSED OVERNIGHT For decades, Barry Lebow has kept a scapbook of one of the most traumatic business days in his life. There are some dates you always remember, and for the Ontario real estate industry it's April 9, 1974. That is the day the province shocked the sector by announcing a 50% land speculation tax.  "We had no wind of this," said Lebow, now 69. "I was 27 years old and I owned 53 houses... [read more]

What Was Served at Buca Yorkville's $300 Michelin-Starred Dinner

Monday Dec 12th, 2016

Share

WHAT WAS SERVED AT BUCA YORKVILLE'S $300 MICHELIN-STARRED DINNER A Tuesday evening in late November at Buca Yorkville, marked the sixth edition of the restaurant's "Sotto una buona stella" ("under a lucky star") series that teams up Rob Gentile with Michelin-starred Italian chefs. It was supposed to be the last of the series, but the one-off meals were such a hit that another three dinners have been added for 2017. Chef Mauro Uliassi, who holds two Michelin... [read more]

READ MORE

All information regarding a property for sale, rental, taxes or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, proper sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own qualified advisor, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom. Each Engel & Völkers brokerage is independently owned and operated. Any use of the term "advisor" or "agent" shall be replaced with the term "Sales Associate" where required by local law. Engel & Völkers® and the Engel & Völkers Logo are registered service marks owned by Engel & Völkers Marken GmbH & Co. KG.