Strong December Bodes Well For Toronto Homes In 2020

The breakout trend for Toronto area freehold properties continued in December. Prices were a stunning 11% higher than last December and sales were 25% higher. Even more surprising, prices in December were actually higher than in November, which almost never happens. Despite the relative weakness in the first 8 months of 2019, total year sales… Read More

Coming Soon – Islington Village Townhome

Click here to view details including floor plans Welcome to 130 Resurrection Road, a spacious three bedroom townhome in an ideal location close to subway & GO stations, great schools, parks, and with easy access to major highways, airport and downtown. This home a very functional layout, including: • An open plan living/dining/kitchen area with… Read More

Millennials’ Financial Future Different From Previous Generations – KPMG Poll

Giant consulting firm KPMG recently conducted a survey among 2,500 Canadians, including 1,000 millennials, aimed at exploring what retirement will look like for Millennials. The key findings of the survey were: More than three quarters (78%) of all Canadians believe that home ownership is an investment for financial stability in retirement. Because one’s principal residence… Read More

Ontario Government Encouraging Co-Ownership Of Homes

Last month, the Ford government released a consumer guide aimed at encouraging buyers to consider co-ownership as a way to make home ownership more affordable as well as to alleviate the housing supply crisis. The government defines co-ownership as follows: “Co-ownership housing is a shared living arrangement where two or more people own and live in… Read More

Luxury Toronto Real Estate Sales Over $5 Million Increasing

After a soft start to the year, sales of luxury Toronto real estate is on the upswing, surpassing 2018 trough levels. Year-to-date sales in the GTA of freehold and condominium properties priced in excess of $5 million topped 100 units between January and October 31. This is up 8.5 per cent from the 94 sales… Read More

Annual CMHC Survey Shows Homebuyers Are Upbeat

Every year, CMHC conducts a survey of Canadians across the country to find out the thoughts, attitudes and behaviours of homebuyers. The 2019 survery includes 1,385 first-time and repeat homebuyers in every region of the country in both English and French. All participants had undertaken a mortgage transaction in the past 18 months. Highlights of this years survey include:… Read More

Hot Fall Market Continues

Condominium apartments once again led the way in October, with prices at yet another all-time high, up 10% over last October and 4% higher than last month.   Prices for freehold properties were flat versus last month, but still well above last year – the breakout that started last month seems to be holding. Freehold… Read More

IMF Says More Supply Is The Key To Improved Housing Affordability

In a recent blog post, the International Monetary Fund (IMF) took aim at Canada’s housing affordability crisis and suggested that the solution lies in building more houses. Actually, this is pretty obvious when you think about it. If we focus on making it easier for buyers to afford to purchase a home (e.g., the government’s… Read More

Grand High Park Mansion

Welcome to 277 Indian Road, a stately Edwardian mansion in a prestigious location surrounded by the finest homes in High Park. This elegant High Park Grande Dame has more than 4500 sq ft of living space on four levels. Period details abound, including gorgeous wood trim and wainscoting, leaded & stained glass windows, beamed ceilings,… Read More

Federal Election – Housing Platforms

Here’s a quick summary of what each of the federal parties are promising/proposing for housing in Canada: Conservative Party Make the mortgage qualification stress test less stringent, and eliminate it completely for renewals to keep banks from gouging borrowers on renewal with uncompetitive high rates. Allow first time buyers to obtain 30 year amortizations to… Read More