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Unlike spring cleaning, fall maintenance is not always met with a high level of enthusiasm. Whatever the reason, fall chores are more easily overlooked than those related to spring. We should approach both spring and fall tasks with the same vigour. It is time to get your home ready for winter! Please click here to view my checklist with the thought that prevention is the key to a safe and comfortable winter. Included are suggestions for both the exterior and interior of your property. The days... [read more]

Toronto Real Estate Board President Garry Bhaura, in his first market release as TREB President, is pleased to announce some positive signs with respect to the housing market. Greater Toronto Area REALTORS® reported 8,082 home sales through TREB's MLS® System in June 2018 – up 2.4 per cent compared to the low June 2017 result. After preliminary seasonal adjustment, sales were also up 17.6 per cent on a monthly basis between May 2018 and June 2018, continuing the trend of... [read more]

May 2018 Stats    June 4, 2018 -- Greater Toronto Area REALTORS® reported 7,834 sales through TREB's MLS® System in May 2018. This result was down by 22.2 per cent compared to May 2017. While the number of sales was down year-over-year, the annual rate of decline was less than reported in February, March and April, when sales were down by more than 30 per cent. On a month-over-month basis, seasonally adjusted May sales were basically flat compared to... [read more]

With tax season in full-swing you may be finding yourself scouring through the junk drawer for any receipts you can count as a deduction. Kid’s hockey league? Deduction. That donation to the local hospital foundation? Deduction. But if you were one of the hundreds of thousands of Canadians who moved homes in 2017 you may be missing out of your biggest deduction of all … your moving expenses! If you moved to a new home for work, or to operate a new... [read more]

There was  7,792 sales reported  through TREB's MLS® System in April 2018. The average selling price was $804,584. On a year-over-year basis, sales were down by 32.1 per cent and the average selling price was down by 12.4 per cent. The year-over-year change in the overall average selling price has been impacted by both changes in market conditions as well as changes in the type and price point of homes being purchased. This is especially clear at the higher end of the... [read more]

The Building Industry and Land Development Association (BILD) released its new home sales figuresfor March 2018, reporting a slow month for the Greater Toronto Area’s (GTA) housing market. According to Altus Group, BILD’s trusted source for new home market intelligence, there were just 1,960 new home sales last month. 1,649 of the sales were new condo units, which is 67% lower than March 2017 and 21% below the 10-year average. That means there were only 311 new... [read more]

There was a total of 7,228 transactions through the MLS® System in March 2018, down by 39.5 per cent compared to 11,954 sales reported in March 2017. This was to be expected as we are comparing two starkly different periods of time: last year, when we had less than a month of inventory versus this year with inventory levels ranging between two and three months. It makes sense that we haven't seen prices climb back to last year's peak.   [read more]