The continued climb in sales of Toronto residential homes continues to identiy the Toronto Real Estate market as a quality, long-term investment.  Monthly housing market statistics for November 2014 show yet another increase in sales, with 6,519 residential transactions last month, an increase of 2.6% over October 2014. Sales to date for 2014 are up an incredible 6.6% over the same period in 2013, with 88,462 residential homes sold. Homeowners are getting the deals done and transactions... [read more]

During the first 14 days of December, residential homes sales totalled 2,496.  This is a 1.9 per cent increase compared to the first two weeks in December 2013. Over the same period, listings of residential homes for sale were down by 1.8 per cent year over year. Paul Etherington, President of the Toronto Real Estate Board said, “Greater Toronto Area households remain upbeat about buying a home, as evidenced by the increase in sales compared to last year. However, many... [read more]

2014 was indeed a banner year for sales of Toronto residential homes and properties, but all indicators so far point to 2015 being as strong or even surpassing the tremendous sales of last year.  From a year over year standpoint, January 2015 showed a 6.1% increase in home sales over January 2014.  In addition, over the same period, new listings soared by 9.5%.  This is good news for the Toronto real estate market as well as current homeowners and those looking to... [read more]

Canadian Mortgage And Housing Corporation has announced that as of June 1st, 2015, insurance premiums on a mortgage with less than a 10% downpayment will rise to 15%. And a 10% refund may be available for "Energy Efficient" homes. How Much Does CMHC Mortgage Loan Insurance Cost? To obtain CMHC Mortgage Loan Insurance, lenders pay an insurance premium. Typically, your lender will pass these costs on to you. Your lender will give you the exact price when you... [read more]

If 2014 was considered a successful year in terms of Toronto Real Estate, then the first few months of 2015 are continuing and building on that trend. For the first time, the average price of a detached home in Toronto has surpassed the $1M mark. This is well above the average selling price in the GTA which was $694,285. All eyes are on residential homes and properties for sale in the Toronto market to see what will happen next. There is a simple explanation for the rising prices... [read more]