The most talked-about issue in Canadian real estate this past year has been how to cool the red hot Vancouver and Toronto real estate markets.
We touch on this issue frequently in our blog posts but when a reader posed the question to us last week on our Facebook page, we realized we needed to dedicate an in-depth post to the topic of how to cool the Toronto real estate market.
The Problem With Current Discussions About The Toronto Real Estate Market
Here’s the bottom line to all of this, upfront – there is no one, magic bullet that’s going to solve our problems. We wanted to add our voice to the discussion however to bring focus to some of the big issues that collectively could have a major impact on our market.
Tim Hudak surprised many in an announcement last week that he’s quitting politics to become CEO of the Ontario Real Estate Association (OREA), where he will focus on leading the association into the future.
OREA represents more than 64,000 real estate brokers and Ontario Realtors® across Ontario’s 40 real estate boards. Their goals are to promote higher industry standards working both with Realtors and the government on real estate-related legislation. They also administer all of the real estate licensing courses in the province.
The Toronto Real Estate Board (TREB) recently released sales results for July. Let’s take a look at what’s been happening in the GTA condo market, specifically, what TREB is calling a “troubling trend” of growth in demand continuing to outpace growth in supply.
Toronto Condo Market Breaks Records Again This July
We feel like a broken record with these monthly market update posts. Yes, it was another record-breaking month in terms of year-over-year sales growth with both condo prices and the number of condo sales breaking all previous records for a July high.
There are many questions and a lot of confusion around condo insurance. Since this type of insurance is misunderstood it often gets neglected. Today, we’re going to cut through the confusion so that you can select the best coverage and provider for your needs.
For those thinking of buying a Toronto condo for sale, existing condo owners considering a change of providers or renters looking at Toronto condos for rent, there are several aspects of condo insurance that make it unique, though similar in some ways to standard home insurance, that you need to know about.
The Toronto Real Estate Board (TREB) recently released sales stats for the second quarter of this year. Here’s what’s happening in the 905 and Toronto condo markets.
Toronto Condo Market Flourishing Despite Listings Constraint
It’s not surprising that Toronto condos are performing well as prices skyrocket in the freehold market and active listings of houses dwindle against rising demand. What may be surprising to some is that the condo market is also experiencing a similar listings constraint even though sales are through the roof.
There’s been a lot happening in the world of Canadian and Toronto condo news these past few weeks.
In case you missed any of the recent headlines, here’s our round-up of the top news stories affecting condo buyers, sellers and investors.
Latest Condo News – What You Need to Know #1 TREB Appeals Competition Tribunal Ruling
If you follow Toronto real estate news and haven’t been living under a rock, you’ve heard of the multi-year battle between the Toronto Real Estate Board (TREB) and the Competition Bureau centered on TREB’s proprietary MLS system and the home data it contains.