By: Tim Syrianos, TREB President The December Housing Market figures have been released by TREB. The figures show that there were 92,394 sales through TREB’s MLS® System in 2017, which is down 18.3 per cent compared to the record set in 2016. Record sales in Q1 were followed by a decline in Q2 and Q3…
If you’re looking for something to do this Friday evening, Elvis Presley fans won’t want to miss the Flaming Star Festival at the Crowne Plaza Toronto Airport Hotel this Friday, October 13th. The festival is a 3-day long competition consisting of 30 Elvis tribute artists competing to be one of three crowning champions. Paying tribute to…
Should the Fair Housing Plan do more to address supply? Ontario’s Fair Housing Plan includes targeted measures to quell impacts from foreign buyers, but some real estate critics argue that more efforts should have been made to address supply and demand issues. “It’s hard to believe a small percentage of buyers are responsible for the…
Conducting renovations on your home could change the value of your property. You’ll want to make sure the upgrades you make are still covered in case of damage and that you obtain the necessary permits and policies to ensure coverage during the construction period. If you’re planning a major home remodelling project, here are a…
A total of 6,357 resale transactions were recorded in the GTA in August, down by 34.8% versus the 9,748 units sold in August 2016. This brought year-to-date (January thru August) sales to 67,357 units, down by 15.5% versus the record-setting pace of last year. That said, this year’s year-to-date volume is higher than any other…
The recent interest rate hike by the Bank of Canada could have new homeowners questioning the advantages of fixed rate mortgages versus variable rate mortgages. Each has its pros and cons, depending on your financial goals and tolerance for risk. Here’s the difference between a fixed rate and variable rate mortgage and how to…
Despite cooling, housing market still favours sellers While the new Ontario Fair Housing Plan, which includes a foreign homebuyer’s tax and universal rent control, has contributed to a slowing down of the province’s red-hot housing market, most real estate observers predict that the cooling won’t last for long. Despite the surge in listings in recent…
A total of 5,921 resale transactions were recorded in the GTA in July, down by 40.4% versus the 9,929 units sold in July 2016. At the same time, total active listings by month end were 18,751 units, representing the third consecutive month of close to “normal” supply following a prolonged period of acute inventory shortage.…
With the sun streaming and the weather warm, it’s prime time for barefoot backyard jaunts. But extended periods of sunshine and potential droughts can also wreak havoc on a lawn’s health and growth. Here are a few tips for maintaining a lush green lawn during the peak summer months. Wise watering Grass is extra-thirsty in…
A total of 7,974 resale transactions were recorded in the GTA in June, down by 37.3% versus the 12,725 units sold in June 2016. At the same time, new listings in June totalled 19,614 – up by 15.9% compared to June 2016. This brought total active listings to “normal” supply for this time of year…