Annual Growth in Home Sales Continued in August 2014

September 4, 2014 — Toronto Real Estate Board President Paul Etherington reported 7,600 sales through the TorontoMLS system in August 2014. This result was up by 2.8 per cent compared to 7,391 transactions reported in August 2013. Year-to-date sales through the end of August amounted to 65,454, which represented an increase of 6.5 per cent compared to the same period in…

The TORONTO REAL ESTATE BOARD

The TORONTO REAL ESTATE BOARD is a not-for-profit corporation founded in 1920 by a small group of real estate practitioners. Today, as Canada’s largest real estate board, TREB serves more than 36,000 licensed real estate Brokers and Salespersons in and about the Greater Toronto Area. TREB is the collective voice for both its commercial and residential REALTOR® Members and operates…

5 Tips for First-Time Buyers

The home buying process in today’s real estate market is scary. It is important that the needs and best interests of both sides of any given transaction’s are satisfied. The following 10 Tips will help to ensure an enjoyable and successful real estate buying experience throughout 2013: Your home buying process always starts with a visit to a reputable real…

What to do with a bully offer?

Toronto’s active real estate sector is bringing on challenges for buyers who are looking to find good deals on the houses that they like. Many home buyers are being sideswiped by an approach called a bully offer that has become a popular way to seize houses off the market in advance of a bidding date. This situation has put many…

What documents do I need when applying for a mortgage?

One of the first things you should to do when choosing to buy a home — even before you start to search — is to get a pre-approval for your mortgage. A mortgage pre-approval shows the buyer the value of the home they can best afford and the mortgage payments associated with the purchase prices. It also secures a mortgage…

New Poll Shows Mississauga And Other “905” Region Residents Strongly Opposed To Municipal Land Transfer Tax

TORONTO, December 4, 2012 – In light of new polling results that show strong opposition, specifically among Mississauga and other “905” region residents, to municipal land transfer taxes, REALTORS® are calling on the City of Mississauga to shelve its current consideration of a municipal land transfer tax. “This poll shows that the public understands that land transfer taxes are the wrong way…

Monday Morning Interest Rate Update

Bank of Canada (BoC) Governor Mark Carney has made it clear that he wants to raise interest rates but the economic data are not co-operating. We saw the latest example on Friday of last week when Statistics Canada released its July Consumer Price Index (CPI) which showed price inflation of only 1.3% over the most recent twelve months. That was lower than…

Better Supplied Rental Market in Q2

Toronto, July 18, 2012 — Greater Toronto REALTORS® reported 4,771 leased condominium apartments through the TorontoMLS system in the second quarter of 2012, representing a three per cent increase over the second quarter of 2011. The number of apartments listed for rent in the second quarter grew at a faster pace compared to rental transactions – up 15 per cent…

GTA Home Prices Up in July 2012

TORONTO, August 3, 2012 – Greater Toronto REALTORS® reported 7,570 sales in July 2012, representing a decline of 1.5 per cent compared to 7,683 sales reported in July 2011. The decline was most pronounced in the condominium apartment segment in the City of Toronto. Total sales in the rest of the Greater Toronto Area (GTA) were up compared to the…