Hi, I’m Garry Bhaura, the President of the Toronto Real Estate Board for 2018/2019 and I’m excited to use this monthly column to help break down the numbers behind the GTA real estate market. Breaking Down the Market in June Personally, I was pleased when the June numbers came in as we are seeing some
TORONTO, ONTARIO, 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
OREA AND TREB join forces to say NO to a new $15,000 tax on home buyers TORONTO, ON, May 31, 2018 – York Region councillors are demanding new tax powers from the province, and they have their eyes set on the municipal land transfer tax (MLTT). If implemented, the tax would add over $15,000 to
By Tim Syrianos, TREB President Home ownership is one of the largest financial decisions you will make and in today’s market, home buyers and sellers need an advantage. Look to a TREB Member REALTOR®, who will use their expertise and knowledge to provide the edge you need while moving through the home buying or selling
TORONTO, ONTARIO, April 23, 2018 – The Toronto Real Estate Board is encouraged that Mayor John Tory is making housing affordability a priority for himself and for City staff. “Toronto REALTORS® understand that municipal government policy plays a direct role in housing affordability and in protecting the investments of existing home owners. We are glad that
TORONTO, ONTARIO, APRIL 4, 2018 – Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,228 residential transactions through TREB’s MLS® System in March 2018. This result was down by 39.5 per cent compared to a record 11,954 sales reported in March 2017 and down 17.6 per cent relative to
By: Tim Syrianos Greater Toronto Area REALTORS® reported 5,175 residential transactions through TREB’s MLS® System in February 2018. This result was down 34.9 percent compared to the record 7,955 sales reported in February 2017. The number of new listings entered into TREB’s MLS® System totaled 10,520, a 7.3 per cent increase compared to the 9,801
By: Tim Syrianos Many GTA home buyers rank a convenient commute high on their list of new-home must haves. Whether it’s the journey to the office, shops, schools, or a transit stop to embark on the next leg of a trip, commute times can be a major selling point when deciding on a home purchase. For
By: Tim Syrianos While almost all of us can relate to the frustration and hours of time wasted sitting in bumper-to-bumper traffic, Policies to Improve Goods Movement, a new report by the Toronto Region Board of Trade sheds light on a less immediately evident, but substantial, effect of gridlock in the GTA. According to the
Title: January’s Resale Housing Market Recap By: Tim Syrianos, TREB President Greater Toronto Area REALTORS® reported 4,019 residential transactions through TREB’s MLS® System in January 2018. This result was down by 22 per cent compared to a record 5,155 sales reported in January 2017. The number of new listings entered into TREB’s MLS® System amounted