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Second offer takes unique three-storey Toronto factory loft

Reposted from Toronto Real Estate BlogIn the 1990s, a century-old, uniform factory was redeveloped with 13 raw loft spaces. This one occupying the building's north, east and south corner was the...

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In Toronto, real estate prices pose a puzzle: Why so high?

Reposted from Toronto Real Estate BlogThe average selling price in the Greater Toronto Area in the first two weeks of May hit $543,838, according to the Toronto Real Estate Board. That compares with...

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June Sales Soar While Prices Continue To Rise

Reposted from Toronto Real Estate BlogGreater Toronto Area Realtors reported 4,620 sales through the Toronto MLS system during the first two weeks of June 2013. This result was up by 4.7% compared to...

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This Toronto home is inside a park — and you can buy a stake

Reposted from Toronto Real Estate BlogThe rear of the property has access to a lane that leads to Crawford Street. Now Mr. Chilton wants to sell part – but not all – of 2 Bellwoods Park Dr. He'd like...

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Toronto Housing Market Shows Renewed Vigour as Sales Pick Up in June

Reposted from Toronto Real Estate BlogThroughout the spring, sales have been coming back to close to 2012 levels, and in May, with a monthly rise of 3.4%, the Canadian Real Estate Association said it...

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June Real Estate Market Steady

Reposted from Toronto Real Estate BlogAnd really, if sales were down by 0.7% and listings were down by 6.1%, if you adjust for listings, then sales actually ROSE by 5.4% on a per-listing basis. That...

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Toronto home prices up but rising mortgage rates could spell trouble

Reposted from Toronto Real Estate BlogNo one has ever explained "over supply of condos" to me. All of the buildings you see going up are 80% bought and the completed ones are 90% sold. It is not like...

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Toronto house prices up 5% but analysts say market stable

Reposted from Toronto Real Estate BlogSales fall slightly, but short supply hikes prices by 4.7%, Toronto Real Estate Board says CBC News Home prices in the Greater Toronto area were up 4.7% in June...

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July Real Estate Market Sizzles

Reposted from Toronto Real Estate BlogLike I have been saying for a year now, once we get 2 months with the same mortgage rules to compare, we would see sales volume rise. And it did. Now that we are...

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Why Use a Toronto Realtor

Reposted from Toronto Real Estate BlogA short video from the Toronto Real Estate Board explaining the value of using a Realtor.The original post can be found here - Why Use a Toronto Realtor Related...

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Short supply of detached Toronto homes for sale in June pushed up prices

Reposted from Toronto Real Estate BlogRe/Max says a shortage of detached houses on sale in Toronto last month has resulted in stiff competition among buyers and higher selling prices.The original post...

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Homes in GTA see big price gain

Reposted from Toronto Real Estate BlogThe average price for single detached homes in Don Mills, Parkwoods-Donalda, and Victoria Village rose to $1.1 million in the first six months of 2013The original...

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Housing poised for upward swing, Royal LePage says

Reposted from Toronto Real Estate BlogThe Canadian Press The operator of Royal LePage says the market for Canadian houses is poised for an upward swing this year but the condo market will remain soft...

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In a hot Toronto market, should I price my house high or low?

Reposted from Toronto Real Estate Blog Ask for $599,000 and you are likely to get $580,000. Ask for $525,000 with bids on a certain date, and 5 bidders come along and push the price up to... $580,000....

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Tax auditors target condo sellers in hunt for ‘flippers’

Reposted from Toronto Real Estate BlogThey are going after normal people who sell right after completion. Could be that their life changed. But, the investor who buys for profit, rents it out for 10...

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Why real estate doomsayers continue to be wrong

Reposted from Toronto Real Estate BlogInstead of toppling after Finance Minister Jim Flaherty tightened mortgage-lending standards last year for the fourth time since 2008, Canada's housing market...

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Home Sales: Toronto, Vancouver Post Massive Jumps

Reposted from Toronto Real Estate BlogThe most sales ever in a year was 2007, before the financial crisis and record low rates. Kinda disproves that theory, doesn't it? And prices have been rising...

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It’s been three months! Why won’t my house sell?

Reposted from Toronto Real Estate BlogHopefully you can take a step back and get sound advice about how well your home has been priced. How does it compare with similar homes in your neighbourhood? How...

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GTA home sales skyrocket 29% in mid-September

Reposted from Toronto Real Estate BlogI have no better explanation for why sales and prices are rising the way they are. I did figure that July would should positive numbers, because we get to compare...

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Beware the perils of buying or selling a pre-construction condo

Reposted from Toronto Real EstateIf you are ever called by someone from the Canada Revenue Agency inquiring about any prior transaction you may have made, my advice is to tell them you will call them...

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