The Toronto real estate market has been plagued with a lack of supply for some time now. This had led to a sellers’ market where there is often more than one bid on a property that is listed for sale. Multiple offers are commonplace and are often expected by sellers on many downtown properties.
The Toronto Real Estate Board (TREB) has just released the overall sales numbers for January 2019. There were 4,009 sales in January 2019, up 0.6% compared to January 2018.On a seasonally adjusted basis, sales were up 3.4% compared to December 2018. There was a total of 9,456 homes listed in January 2019, up 10.5% per cent year-over-year. The average selling price was $748,328. On a…
In an effort to deal with the alarming rental shortage, effective immediately Ontario Premier Doug Ford and the PC government has taken away rent controls on all new rental stock.
Where will consumers go to check how much things have sold for? The Toronto Real Estate Board has begun to make MLS sold data available to its members as per the Competition Tribunal ruling. It has been decided that consumers have a right to access historical sales data despite real estate boards trying to…
New Rules have not yet come into effect for short-term rentals in Toronto due to an impending appeal.
Is the Frenetic Toronto Housing Market finally starting to slow down? Multiple sources over the past few weeks have reported that bidding wars have slowed and traffic at open houses appears to be down across the GTA and Hamilton after the province introduced new measures to cool the red-hot real estate market. Just the news…
The following article has been generously provided to me to share by Simon Thang of Thang Tax Law.