By: Belinda Lelli

Average sales price in tight GTA market jumps 13%

Tags: GTA Market, sale prices

Homes in the Greater Toronto Area were selling for an average $822,681 in 2017, up 12.7% from the previous year. The tight market put upward pressure on prices at the start of the year while the latter two-thirds saw fewer sales and increased listings, helping to moderate price increases. Toronto Real Estate Board members sold 92,394 homes through the MLS last year, down 18.3% compared to 2016 w...Read More

By: BY JESSICA BRUNO AND ADRIAN GHOBRIAL

Top GTA neighbourhoods ranked by commute times

Tags: GTA, Toronto, House Prices, Commute

Ajax, Pickering, Whitby, Maple, Vaughan and Port Perry – what do all of these towns and cities have in common? According to a report by The Red Pin, they’re some of the best places to live in the GTA if you need to commute to downtown Toronto. The real estate brokerage calculated the average home selling price per square foot for 24 communities outside the downtown...Read More

By: Belinda Lelli

October 2017 Market Stats

Tags: October, Market Conditions, GTA

Enter Blog Pos October stats pointing to stronger market conditions in the GTA Residential sales showed an above-average unit sales increase between September and October 2017 of almost 12%. Condominiums were a key driver of both this increased number of sales and an overall 2.3% increase ...Read More

By: Belinda Lelli

Non-prime lenders will suffer greatly due to stress tests

Tags: New Stress Test Rules

Non-prime lenders will suffer greatly due to stress tests - RBC by Ephraim Vecina While the OSFI’s tougher mortgage rules are expected to have a “very minor negative impact” to large Canadian banks, the changes would be more pronounced for non-prime lenders such as Home Capital Group Inc. and Equitable Group Inc. due to the stress tests and ban on bundling of mortgages, RBC...Read More

By: Belinda Lelli

10 THINGS THAT WILL NEVER CHANGE IN SALES

Tags: 10 THINGS THAT WILL NEVER CHANGE IN SALES

Founder/CEO @TheDailySales | Top UK Sales Blog | Global Sales Guru | Keynote Speaker | Sales Trainer | LinkedIn Writer The sales landscape is constantly changing. New technology, new platforms, new corporate structures and fluctuating economies make it a tough industry to keep up with. Sales strategies will evolve to reflect these changes but ultimately sales as a profession, sales as a key acti...Read More

By: Belinda Lelli

FOREIGN BUYER TAX

Tags: FOREIGN BUYER TAX

Real estate association speaks out against potential Toronto foreign buyer tax. "Home affordability needs to be addressed before millennials are completely priced out of the market. That is why Ontario Realtors have called for the creation of an Affordable Home Ownership Task Force. We need real estate experts to come together to hammer out a plan for making home ownership more attainable f...Read More

By: Belinda Lelli

1 million dollar homes are now the NORM in Toronto

Tags: 1 million dollar homes are now the NORM in Toronto

$1 million ain’t what it used to be HomeNews by Justin da Rosa06 Mar 2017     What will a cool $1 million buy you across the country?  Obviously, that depends on the market; but increasingly, what was once considered the threshold for a luxury home will buy you less and less house.  “What used to be considered a luxury price point is now the status q...Read More

By: Belinda Lelli

FOREIGN DOMINANCE IN CANADIAN REAL ESTATE EVIDENT IN BANKS

Tags: FOREIGN DOMINANCE IN CANADIAN REAL ESTATE EVIDENT IN BANKS

Foreign dominance in Canadian real estate evident in banks’ external debt - analysis HomeNews by Ephraim Vecina03 Mar 2017 The record-high volume of external debt among Canadian banks is a possible indicator of the extent of foreign nationals’ influence in the country’s real estate markets, according to a veteran markets analyst. In a February 27 piece for Bloomberg,...Read More

By: Belinda Lelli

SINGLE FAMILY HOMES IN GTA AVERAGE >$1MILLION

Tags: SINGLE FAMILY HOMES IN GTA AVERAGE >$1MILLION

Single-family homes in GTA average above $1 million   A new record has been set in the Greater Toronto Area with the average single-family ground-oriented home now surpassing $1 million, the Building Industry and Land Development Association says. Figures from its official data source the Altus Group, show that the average price in January was $1,028,395 with prices up 25 per cent in...Read More

By: Belinda Lelli

TRAPPED WEALTH DRIVES TORONTO'S SPECULATIVE REAL ESTATE DILEMMA

Tags: TRAPPED WEALTH DRIVES TORONTO'S SPECULATIVE REAL ESTATE DILEMMA

‘Trapped Wealth’ Drives Toronto’s Speculative Real Estate Dilemma HomeBusiness News by Bloomberg21 Feb 2017 Toronto’s housing boom is unrelenting. Prices in Canada’s largest city surged more than 20 percent over the past year, the fastest pace in three decades, data released last week show. Some of the city’s neighboring towns are posting even bigger gain...Read More