GTA HOME PRICES CLIMB 16.8% IN JUNE The uphill journey facing would-be-buyers got even steeper in June with home prices climbing by double digits compared to a year ago as supply hit record lows. The average price of a GTA property last month rose by 16.8% to $746,546 according to the Toronto Real Estate Board. As has been the trend, low-rise houses that includes detached, semis and townhomes saw the most significant price gains. The average detached home in the suburban GTA will... [read more]

THESE TORONTO NEIGHBOURHOODS ARE SEEING A HUGE SPIKE IN DOLLAR VALUE Sarah Niedoba, BuzzBuzzHome Image courtesty of: Dan Cooper / Toronto Star The Toronto housing market looked quite different this time last year, as activity reached record heights and pundits warned of bubble-like conditions. Last month, home sales and prices dropped 31.1% and 12.4% year-over-year respectively, falling sharply from the record-hitting levels report last April. But according to a new report from... [read more]

THIS IS WHY THE GTA CONDO MARKET IS STILL RED HOT, DESPITE A DIP IN SALES Sarah Niedoba, BuzzBuzzHome Image courtesty of: Menkes The GTA housing market has been seeing year-over-year sales drops every month since January, and the condo market is no exception. Yet despite the dip in sales, prices have continued to rise. The reason? It all has to do with a historically low level of listings. One of the big reasons we're not seeing a cool down in the condo market in spite of... [read more]

HOME PRICES UP OVER 50% IN GTA'S HOTTEST NEIGHBOURHOODS Earlier this month the Toronto Real Estate Board announced that the average price of a detached home in the 905 region was up 29.4% year over year. But as any good math student knows, if the average in the GTA is up 29.4% that means there must be quite a few neighbourhoods that are appreciating at a much faster rate than this. I thought it would be helpful to take a look at how fast the hottest neighbourhoods in the GTA are... [read more]

  AS ONTARIO PREPARES TO VOTE, IT'S TIME TO RETHINK THE HOUSING PUZZLE Murtaza Haider & Stephen Moranis, Financial Post Image courtesty of: CBC   With elections in Ontario less than a month away, housing affordability remains first and foremost on the electorate's mind. Housing and land prices in urban Ontario experienced a dramatic increase since the last provincial elections in 2013. The Liberal government finally responded in April 2017 by imposing... [read more]