Toronto Real Estate News

Toronto real estate news. Market updates, MLS statistics, financial indicators and economic predictions by Jamie Sarner and his team

How Will New Mortgage Rules Impact Toronto Condo Market

How Will New Mortgage Rules Impact Toronto Condo Market

The new mortgage rules coming to Canada January 1st are expected to shake up the housing market, and that effect will likely have a big impact on Toronto’s condominium market as well.

Photo by Jason Paris The stress test

The minimum down payment in Canada is 5 percent, while down payments of 20 per cent …

Toronto November 2017 Market Report: Average Price Finally Dropping

Toronto November 2017 Market Report: Average Price Finally Dropping

November was a turbulent month for Toronto's real estate market. As Toronto Real Estate Board President Tim Syrianos announced, Greater Toronto Area REALTORS® reported 7,374 transactions through TREB’s MLS® System in November 2017, which is a 13.3 per cent less than this time last year.

Toronto Sunset by Vivian Lynch

The biggest decrease was noted in …

Everything You Need to Know About Condo Investments: Buying New vs. Re-Sale

Everything You Need to Know About Condo Investments: Buying New vs. Re-Sale

Owning a condominium in Toronto is the dream of many young professionals and investors alike. While many Torontonians continue to struggle to pay rent in a city with an increasingly high cost of living, condo owners are able to rest easily knowing they have an important asset they can turn for profit when the time …

Mortgages for Condos: What You Need to Know Before you Get Pre-approved

Mortgages for Condos: What You Need to Know Before you Get Pre-approved

Presently the largest demographic buying condos in Toronto are young, urban, single professionals. The vast majority of these are purchasing in prime downtown locations with easy access to public transit and the cultural commodities that make Toronto such an appealing city to live in.

Compared to previous generations, who were more inclined to marry young …

Toronto Condo Developments To Look Forward To In 2018

Toronto Condo Developments To Look Forward To In 2018

Condo living in Toronto offers a range of lifestyle options for those who enjoy all that the city has to offer. Whether you are looking for a home close to all of the restaurants you love, or one that is architecturally eye-catching, you will no doubt find what you are looking for in today’s diverse …

What Type of Insurance Do You Need for your Condo?

What Type of Insurance Do You Need for your Condo?

With these incredibly low insurance rates available, it has never been a better time to own a condo in Toronto. Condo insurance is generally more affordable than home insurance with average condo insurance policy rates in Canada falling within the range of $20 to $35 per month.

In Toronto specifically, the average monthly cost of …

Toronto July 2017 Market Report: Condo prices still on the rise

Toronto July 2017 Market Report: Condo prices still on the rise

Toronto by amber dawn pullin

Greater Toronto Area REALTORS® reported 5,921 residential transactions through TREB’s MLS® System in July. This means sales dropped by 40.4 per cent on a year-over-year basis. Detached homes were leading this decrease with a drop of 47.4 per cent in sales. Semi-detached properties came second with 38.6 per cent and …