Toronto Market Ends 2018 On A Quiet Note

Toronto area sales and prices were down in December, as they always are at year-end, closing out a positive and mostly uneventful year when the real estate market returned to quiet stability after the chaos of the 2016/2017 bubble inflation and collapse. For the year as a whole, average GTA prices were down 4% vs… Read More

Toronto Homes Among the Most Overvalued in the World

The Economist magazine has published a very cool interactive chart that allows you to see at a glance how home prices in major cities around the world compare to each other over the past 20 years, and how ‘overvalued’ they are in terms of the ratio of price to household income. As you can see… Read More

CREA Forecasts Higher Prices & Sales for Ontario in 2019

The Canadian Real Estate Association (CREA) is Canada’s national association of real estate agents, similar to the National Association of Realtors (NAR) in the United States. Among other services, CREA publishes data on MLS sales across the country and has recently published their province-by-province forecasts for home prices and sales volumes in 2019 (see charts… Read More

Why You Should Use an Expert to Navigate the Home Buying Process

In a growing atmosphere of the do-it-yourself mentality, some wonder if they should take on the homebuying process on their own. It’s certainly been done but, more often than not, homebuyers turn to the experts when it comes time to making what will often be their most expensive purchase. Here are just a few reasons why it’s a… Read More

Toronto Area Market Remains Balanced Through The Fall

Once again, year-over-year average prices in the Toronto area were higher in November than last November, though both sales and active listings were lower. Prices continue to track 3-5% above last year, as they have every month since the summer. If the seasonal pattern holds true, prices should drop about 4% in December; this will… Read More

Should I Keep My Home On The Market During The holidays?

Most top Realtors agree that taking your home off the market during the Christmas season is a mistake. There may be fewer buyers, but they are more serious, and because there is less competition, you may have a better chance of getting a good offer than during a busier season.

Toronto Prices and Sales Move Higher in October

In a continuation of the ‘return to normal’ trend that we have seen since early this year, Toronto area prices and sales in October were higher than both the previous month and the previous year. The seasonal pattern that we saw repeated year after year over the past 20 years (up until the bubble started… Read More

CMHC Housing Market Assessment For 4th Quarter

The Canadian Mortgage and Housing Corporation (CMHC) publishes regular reports on the state of the housing market across Canada. Click here to view the latest report, for the fourth quarter of 2018. Highlights of this report include: For Canada as a whole, house prices are overvalued and vulnerable to a market correction. However, prices have… Read More

Rental Housing Crisis in Toronto

The vacancy rate for rental apartments in Toronto is about 0.5%, average monthly rents are increasing at an accelerating pace, and the supply of new rental units is far behind the number of new renter households being created each year. Clearly the Toronto rental housing market is in a crisis. The causes of the problem… Read More

Rising Interest Rates Are Causing Increased Anxiety

Results of a recent cross-Canada Ipsos poll conducted by MNP Ltd. show that Canadians in general and Ontarians in particular are concerned about continued increases in interest rates. One third of respondents said that they are worried that higher interest rates could push them closer to bankruptcy – up 6% from the same poll three… Read More