With the recent boom in the tech and e-commerce sectors, the demand for commercial real estate in Toronto is as hot as a new iPhone launch. Toronto’s future as a major tech hub is a reality, but what does this mean for the commercial real estate market?
Showing signs of continued strength in July the Toronto real estate market sales are up 18.6%, listings are down 1.8%, average home price is up 4.8% year-over-year. Check out your local neighbourhood stats.
Under these new guidelines, which have themselves changed over the last six months, the stress test has homebuyers qualifying for a mortgage at a rate of 5.34% or 2% higher than the negotiated rate (whichever is larger).
Toronto is Canada’s largest city but compared to the U.S. our rate of home ownership is still much higher than their best performer. Read on to find out more about renting vs owning in Toronto’s real estate market.
Even amongst low inventory the Toronto real estate market rebounds and it’s the biggest monthly gain since 2004. Find out what neighbourhoods are driving these increases…
26.2% less inventory has led to slower sales and increased competition in May’s Toronto real estate market. Smallest sales decrease in the last three months indicates TREB’s predictions for a stronger second half of the year may be correct.
Moving up in this market? A lot has changed. Prices are higher, mortgage rules are tighter, and the competition is tougher. We'll help guide you through the steps of buying your next Toronto home.
Among the many beautiful cities in Canada, Toronto is one of the most desirable destinations for foreigners. If you’ve been thinking about moving to Canada, here are a few things you should know before buying your home in Toronto.
Realtor.ca is the perfect search tool if you’re a passive browser, but if you’re a serious buyer it can leave you locked out of what could have been your dream home come true. We discuss exactly when you should be using their search tool.
Toronto’s average sale prices remain well above 2016 levels but a number of municipalities are still down from 2017’s peak market. If you are thinking about buying this year, the time is now as TREB predicts continued, gradual price growth on the horizon.