News

Toronto existing home sales skyrocket 87 per cent

Posted Thu, 02/04/2010 - 1:28am by declan

The January real estate market started 2010 at full gallop, with sales up 87 per cent from the year before, according to figures released today.

There were 4,986 existing home sales in January, compared to 2,670 sales the year before when sales hit an all-time low for the month, according to a report by the Toronto Real Estate Board.

“The Greater Toronto Area home market has rebounded well from the lows in sales experienced at the beginning of 2009,” said Tom Lebour, president of the board.

Toronto existing homes sales double in November

Posted Thu, 12/17/2009 - 4:14am by declan

Tony Wong

Existing home sales rose for the third straight month in November, up 73 per cent from year ago levels, according to figures released today.

A total of 36,383 homes sold in November, the Canadian Real Estate Association's monthly report stated.

That figure is just under a percentage point short of equalling the all-time record for monthly November home sales set at the peak of 2007.

Toronto Neighbourhoods Map

Posted Mon, 11/30/2009 - 5:08pm by Anonymous

Toronto Neighbourhoods Map

We have compiled a comprehensive Toronto neighborhood map below, for your viewing pleasure. It is split up into four parts due to the size of it. There are a few neighborhoods that are under contention. We have posted the neighborhoods that aren't.

Toronto neighbourhoods part one:

Toronto home prices continue to grow

Posted Fri, 11/27/2009 - 4:54pm by declan

Helen Morris, National Post

Home prices in Toronto are almost back to where they were before the financial crisis hit. Prices in September rose 1.5% from August, according to this week's Teranet–National Bank House Price Index.

It was "the smallest increase since the April bottom, but still substantial," notes report author Marc Pinsonneault, senior economist, economic and strategy team, National Bank Financial Group, in a release. "If October shows the same rise, Toronto prices will be back to their peak of August 2008."

October Toronto Real Estate Numbers Booming

Posted Mon, 11/16/2009 - 5:11pm by declan

Continuing strength in the housing market, including the highest ever sales recorded in October, have prompted the Canadian Real Estate Association to upgrade their forecasts for 2009 and 2010.

The national association now says activity will now reach 460,200 sales this year, up 6.2 per cent from 2008. The previous forecast in August had sales remaining flat. Before that CREA had forecast a 14.7 per cent decline.

Toronto Real Estate Brothers Create “One-stop Online Shop” for Toronto Real Estate Buyers and Sellers

Posted Wed, 10/28/2009 - 4:30pm by declan

Toronto Real Estate Brothers Create “One-stop Online Shop” for Toronto Real Estate Buyers and Sellers

Provencher Brothers Create “One-stop Online Shop” for Toronto Real Estate Buyers and Sellers RE/MAX agents, Dylan and Sean Provencher launch state-of-the-industry website, with user-friendly guided search through up to 800 active listings.

Your house is worth more than it ever has been, new GTA figures show

Posted Mon, 10/05/2009 - 11:52pm by declan

Your house is worth more than it ever has been, new GTA figures show

Recession is not over but nobody told Toronto homebuyers

Posted Fri, 09/18/2009 - 1:52pm by webmaster

Last week, the prime minister said that the recession is not over - but nobody seems to have told Toronto Real Estate homebuyers. Even the torrential downpours didn't keep them indoors.

Best July ever for Toronto real estate

Posted Fri, 09/18/2009 - 1:51pm by webmaster

Toronto’s housing market has followed a record-breaking June with its best July ever and real estate experts say sellers will have the advantage with the current limited inventory and prices edging higher.

According to the Toronto Real Estate Board, homes sales in the Greater Toronto Area last month rose 28%, to 9,967 from 7,806 homes sold a year ago.

Pent-up demand behind June housing rebound: ReMax

Posted Fri, 09/18/2009 - 1:43pm by webmaster

MISSISSAUGA, Ont. — The Canadian Press - Pent-up demand, along with low interest rates and greater affordability were behind the June rebound in residential housing sales in Canada and “a clear signal” that the sector has shifted into recovery mode, ReMax said Monday.

Canada's largest markets, Toronto and Vancouver, led the charge, with June sales among the highest in history for both cities' local real estate boards, ReMax said in a news release.