GTA Realtors® Release August Sales Stats

TORONTO, ONTARIO, September 6, 2017 – Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 6,357 home sales through TREB’s MLS® System in August 2017. This result was down by 34.8 per cent compared to August 2016. The number of new listings entered into TREB’s MLS® System, at 11,523, was…

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Strategies For Deals That Are Falling Apart

Written by Lorne Shuman Anyone involved in the GTA real estate market understands that the market has changed dramatically since the introduction of the government changes in April.  These changes, announced without any advance warning, have had a dramatic impact for many buyers and sellers who bought or sold the property prior to their introduction.…

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Wall and Floor Tile Trends

We’re a little more than halfway through the year and it might be time to revisit some of those New Year’s plans you made. For some, those goals might have included an interior renovation or two, as part of a desire to keep your home feeling fresh and exciting. There have been exciting developments in…

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Ten Things to Know About Prime & Your Mortgage

1. Fixed-rate mortgage holders are not affected by Bank of Canada rate changes during their current term. Only those in either adjustable-rate or variable-rate mortgages need read on 2. On July 12 lenders increased variable-rate borrowing costs by 0.25% to match the Bank of Canada increase of the same amount on the same day. 3.…

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Is My Mortgage Portable?

The question: ‘Is my mortgage portable?’ The answer most often given: ‘Yes.’ This answer is increasingly wrong. In reality, you may qualify to move 80% or less of the current balance. The proper question: ‘Do I need to re-qualify for my current mortgage to move to a new home?’ The proper answer: ‘Yes, your mortgage…

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GTA Realtors® Release July Housing Market Figures

TORONTO, ONTARIO, August 3, 2017 – Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area Realtors® reported 5,921 residential transactions through TREB’s MLS® System in July 2017. This result was down by 40.4 per cent on a year-over-year basis, led by the detached market segment – both in the City of Toronto…

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Hardwood Flooring Options

Hardwood—just the word evokes images of charm, richness, and classic looks. Wood floors last a lifetime and gain “character” with age. Board Widths. Select from narrow strips (less than three inches), wider planks (more than three inches), parquet squares, and—a new option—squares and rectangles. The traditional choice, strips, give the illusion of more space, while…

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Buying or Selling a Property with Tenants

Written by Lorne Shuman Buying or selling a property that is tenanted can raise many issues and pose many challenges for a realtor and their clients.  This column will examine a number of issues that need to be considered when either buying or selling a property with tenants. From the Buyer’s perspective, it is first…

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GTA Realtors® Release Q2 Condo Market Sales Stats

TORONTO, ONTARIO, July 24, 2017 – Toronto Real Estate Board President Tim Syrianos announced the release of TREB’s Q2 2017 Condo Market Report. Greater Toronto Area REALTORS® reported 8,223 condominium apartment sales reported through TREB’s MLS® System between April and the end of June. This result was down by eight per cent compared to 8,942…

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GTA Realtors® Release Q2 Rental Market Stats

TORONTO, ONTARIO, July 24, 2017 – Toronto Real Estate Board President Tim Syrianos announced the continuation of very tight conditions in the condominium apartment rental market in the second quarter of 2017. The number of rental transactions reported through TREB’s MLS® System remained in line with Q2 2016 levels, while the number of units listed…

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