August 2017 GTA REALTORS® Release Mid-Month Resale Housing Figures

Greater Toronto Area REALTORS® reported 2,706 sales through TREB’s MLS® System during the first 14 days of August 2017. This result was down by 35.6 per cent compared to the first 14 days of August 2016. Over the same period of time, the number of new listings entered into TREB’s MLS® System was down by […]

July 2017 GTA REALTORS® Release Monthly Resale Housing Figures

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 and surrounding regions. While sales were […]

July 2017 GTA REALTORS® Release Mid-Month Resale Housing Figures

Greater Toronto Area REALTORS® reported 2,670 residential transactions through TREB’s MLS® System during the first 14 days of July 2017. This result was down 39.3 per cent compared to the same period in 2016. The greatest year-over-year decline in sales was noted for the detached market segment. The lowest annual rate of decline was noted […]

Top 10 Reasons Canada Can Take Bank of Canada Hikes

In lieu of a Bank of Canada rate hike here is a quick cheat sheet of answers to commonly raise obstacles to hiking once, twice, three times and more. Call it an economist’s attempt at late night comedy, minus the part about being funny of course because this is about monetary policy. This is no […]

June 2017 GTA REALTORS® Release Monthly Resale Housing Figures

Greater Toronto Area REALTORS® reported 7,974 sales through TREB’s MLS® System in June 2017 – down by 37.3 per cent in comparison to June 2016. The number of new residential listings entered into TREB’s MLS® System, at 19,614, was up by 15.9 per cent compared to June 2016. While this annual rate of growth was […]

June 2017 GTA REALTORS® Release Mid-Month Resale Housing Figures

Greater Toronto Area REALTORS® reported 2,999 transactions through TREB’s MLS® System during the first 14 days of June 2017. This result was down by 50 per cent in comparison to the same time period in June 2016. The decline in sales was greatest for detached houses followed by other low-rise home types. The number of […]

May 2017 GTA REALTORS® Release Monthly Resale Housing Figures

Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 10,196 sales through TREB’s MLS® System in May 2017 – down by 20.3 per cent compared to 12,790 sales reported in May 2016.  Sales of detached homes were down by 26.3 per cent.  Sales of condominium apartments were down by 6.4 […]

May 2017 GTA REALTORS® Release Mid-Month Resale Housing Figures

Greater Toronto Area REALTORS® reported 5,021 transactions through TREB’s MLS® System during the first 14 days of May 2017. This result was down by 16 per cent in comparison to the same time period in May 2016. The decline in sales was greatest for low-rise home types, including detached and semi-detached houses and townhouses. The […]

April 2017 GTA REALTORS® Release Monthly Resale Housing Figures

Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® entered 33.6 per cent more new listings into TREB’s MLS® System in April 2017, at 21,630, compared to the same month in 2016. New listings were up by double-digits for all low-rise home types, including detached and semi-detached houses and townhouses. New […]

April 2017 GTA REALTORS® Release Mid-Month Resale Housing Figures

Greater Toronto Area REALTORS® reported 6,098 transactions through TREB’s MLS® System during the first 14 days of April 2017. This result was up by 10.8 per cent in comparison to the same time period in March 2016. Sales were up for all major home types on a year-over-year basis – both in the City of […]

March 2017 GTA REALTORS® Release Monthly Resale Housing Figures

Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 8,014 residential sales through TREB’s MLS® System in February 2017.  Despite the fact that February 2016 had one more day due to the leap year day, this result was up on a year-over-year basis by 5.7 per cent compared to 7,583 […]

March 2017 GTA REALTORS® Release Mid-Month Resale Housing Figures

Greater Toronto Area REALTORS® reported 5,238 home sales through TREB’s MLS® System during the first 14 days of March 2017. This result was up by 16.4 per cent in comparison to the first two weeks of March 2016, when 4,500 home sales were reported. The strongest annual rate of sales growth was experienced for the […]

February 2017 GTA REALTORS® Release Monthly Resale Housing Figures

Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 8,014 residential sales through TREB’s MLS® System in February 2017.  Despite the fact that February 2016 had one more day due to the leap year day, this result was up on a year-over-year basis by 5.7 per cent compared to 7,583 […]

February 2017 GTA REALTORS® Release Mid-Month Resale Housing Figures

Greater Toronto Area REALTORS® reported 3,865 home sales through TREB’s MLS® System during the first 14 days of February 2017. This result was up by 11 per cent in comparison to the first two weeks of February 2016, when 3,480 home sales were reported. The strongest annual rate of sales growth was experienced by the […]

January 2017 GTA REALTORS® Release Monthly Resale Housing Figures

Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 5,188 residential transactions through TREB’s MLS® System in January 2017. This result was up by 11.8 per cent compared to 4,640 sales reported in January 2016. Annual rates of sales growth were higher for condominium apartments than for low-rise home types. […]

Tan•gazine January – February 2017 Vol 05 Issue 01

Check out our latest Tan•gazine Vol 05 Issue 01! Did you hear? We are hosting our first seminar of the year on Thursday, February 23, 2017 between 6:30pm – 9pm at our office on 6948 Financial Dr, Mississauga Come out and join us for a great evening complete with snacks and refreshments, fantastic music and […]

January 2017 GTA REALTORS® Release Mid-Month Resale Housing Figures

Greater Toronto Area REALTORS® reported 1,540 home sales through TREB’s MLS® System during the first 14 days of January 2017. This result represented a slight decrease of 1.5 per cent compared to the first two weeks of January 2016, when 1,564 home sales were reported. Sales were down on a year-over-year basis for detached and […]

December 2016 GTA REALTORS® Release Monthly Resale Housing Figures

Toronto Real Estate Board President Larry Cerqua announced that 2016 was a second consecutive record year for home sales.  Greater Toronto Area REALTORS® reported 113,133 home sales through TREB’s MLS® System – up by 11.8 per cent compared to 2015.  The calendar year 2016 result included 5,338 sales in December – an annual increase of […]

December 2016 GTA REALTORS® Release Mid-Month Resale Housing Figures

Greater Toronto Area REALTORS® reported 3,196 home sales through TREB’s MLS® System during the first 14 days of December 2016. This result represented an increase of almost 18 per cent compared to the first two weeks of December 2015, when 2,713 home sales were reported. Broken down by market segment, the strongest annual growth in […]

November 2016 GTA REALTORS® Release Monthly Resale Housing Figures

Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 8,547 home sales through TREB’s MLS® System in November 2016. This result represented a 16.5 per cent increase compared to November 2015. For the TREB market area as a whole, sales were up on a year-over-year basis for all major home […]

November 2016 GTA REALTORS® Release Mid-Month Resale Housing Figures

Greater Toronto Area REALTORS® reported 4,051 home sales through TREB’s MLS® System during the first 14 days of November 2016. This result represented a 13 per cent increase compared to the first two weeks of November 2015, during which time 3,584 sales were reported. Sales were up strongly for all major home types except semi-detached […]

Tan•gazine November – December 2016 Vol 04 Issue 12

Greetings Reader! Did you hear about the government changes in real estate? To learn how it may impact you contact The TanTeam right away! Our Annual Client Appreciation 2016 Event is taking place this November 19th! Visit www.tanteam.com/CA2016 for registration! Meanwhile if you have any immediate real estate questions, please do not hesitate to contact Tan […]

October 2016 GTA REALTORS® Release Monthly Resale Housing Figures

Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported a record 9,768 sales through TREB’s MLS® System in October 2016 – up by 11.5 per cent compared to October 2015.  For the TREB market area as a whole, the largest annual rate of sales growth was in the condominium apartment […]

October 2016 GTA REALTORS® Release Mid-Month Resale Housing Figures

Greater Toronto Area REALTORS® reported 4,460 home sales through TREB’s MLS® System during the first 14 days of October 2016. This result represented a 15.5 per cent increase compared to the first two weeks of October 2015. Similar to September, the strongest annual rate of sales growth for the TREB market area as a whole […]

September 2016 GTA REALTORS® Release Monthly Resale Housing Figures

Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 9,902 sales through TREB’s MLS® System in September 2016.  This result was up by 21.5 per cent compared to September 2015. For the region as a whole, strong annual rates of sales growth were experienced for all major home types.  The […]

Ottawa Tightens Mortgage Requirements and Targets Foreign Money

Ottawa has announced new rules aimed at limiting foreign money into Canadian real estate and ensuring that borrowers take on mortgages they can afford. “Overall, I believe the housing market is sound, but as minister of finance, I want to make sure we are proactive in assessing and addressing the factors that could lead to […]

September 2016 GTA REALTORS® Release Mid-Month Resale Housing Figures

Greater Toronto Area REALTORS® reported 3,847 home sales through TREB’s MLS® System during the first 14 days of September 2016. This result represented a 19.1 per cent increase compared to the first two weeks of September 2015. Annual sales growth was strongest for condominium apartments, but double-digit increases were also noted for low-rise home types […]

Tan•gazine September – October 2016 Vol 04 Issue 11

Greetings Reader! The summer weather is drawing to a conclusive close and soon we’ll need to start fussing with the extra layers! On another note, need some Insight into Real Estate Wealth Creation and Management Information? We are conducting another seminar session this Thursday, September 15th, 2016 at 6948 Financial Dr, Mississauga ON L5N 8J4. Registration […]

July 2016 GTA REALTORS® Release Monthly Resale Housing Figures

Toronto Real Estate Board President Larry Cerqua announced that TREB REALTOR® Members reported 9,989 home sales through TREB’s MLS® System in July 2016. At just shy of 10,000 transactions, this was the best result on record for the month of July. While sales were up on a year-over-year basis, the number of new listings was […]

Tan•gazine July – August 2016 Vol 04 Issue 10

Greetings Reader! We hope you are enjoying the weather! We don’t get much good sunshine during the year – as we say – do exploit the weather while you can! It’ll also be good to let you know that our office has special arrangements in place to acquire a LARGE DISCOUNT on admission tickets to […]

June 2016 GTA REALTORS® Release Monthly Resale Housing Figures

Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 12,794 residential transactions through TREB’s MLS® System in June 2016. This result was 7.5 per cent higher than the 11,905 sales reported in June 2015. In line with the prevailing trend so far this year, the number of new listings was […]

June 2016 GTA REALTORS® Release Mid-Month Resale Housing Figures

Greater Toronto Area REALTORS® reported 6,041 sales through TREB’s MLS® System during the first 14 days of June 2016. This result represented a 7.9 per cent increase compared to 5,598 sales reported for June 2015. Year-over-year sales growth in the TREB market area was driven by transactions in the regions surrounding the City of Toronto. […]

May 2016 GTA REALTORS® Release Monthly Resale Housing Figures

Toronto Real Estate Board President Mark McLean announced that there were 12,870 home sales reported through TREB’s MLS® System in May 2016. This result represented a new record for the month of May and a 10.6 per cent increase over the same period last year. In contrast, the number of new listings was down over […]

Royal LePage Shelter Foundation’s 2015 Fundraising Results

It is my pleasure to announce that in 2015 the Royal LePage Shelter Foundation raised $2.3 million – the most we’ve ever raised in a single year – in support of 200 women’s shelters and violence prevention programs across the country. Together, we have raised more than $22 million since 1998 to become the largest […]

May 2016 GTA REALTORS® Release Mid-Month Resale Housing Figures

Greater Toronto Area REALTORS® reported 6,010 sales through TREB’s MLS® System during the first 14 days of May 2016. This result represented a 7.1 per cent increase compared to 5,610 sales reported for May 2015. For low-rise home types, year-over-year sales growth was strongest in the regions surrounding the City of Toronto. The fact that […]

Tan•gazine May – June 2016 Vol 04 Issue 09

Greetings Reader! We are half a month into the second quarter of the year and besides bringing to you our regular issue of our – Tan•gazine – Did you know? We have a Real Estate 101 And Mortgage Information Session next Thursday? It’s taking place on Thursday, May 26th, 2016 at 6948 Financial Dr, Mississauga ON […]

April 2016 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, May 4, 2016 — Toronto Real Estate Board President Mark McLean announced that there were 12,085 sales reported through TREB’s MLS® System in April 2016. This result, which represented a record for the month of April, was up by 7.4 per cent in comparison to April 2015. For the TREB market area as a […]

Fear of Missing Out Leaves Millennials Taking On Big Risk In Housing Market

Gen Y’s fear of missing out on home ownership is right on the money. Month by month, affordability in the country’s hot markets is slipping away. Every year a first-time buyer waits could end up costing many thousands of dollars as higher prices flow through to bigger mortgage payments. The average price of a home […]

March 2016 GTA REALTORS® Release Mid-Month Resale Housing Figures

March 17, 2016 – Greater Toronto Area REALTORS® reported 4,569 sales through TREB’s MLS® System during the first 14 days of March 2016. The number of transactions was up by 20.3 per cent compared to 3,797 transactions reported during the same period in 2015. For the TREB market area as a whole, double-digit annual rates […]

GO Bus Terminal Opens at Mississauga’s Square One

GO riders who use the second busiest bus hub in the regional transit system, now have a sheltered station in which to wait for their ride at the Square One terminal. The new $6.5 million facility means “customers travelling through the bus terminal will have a more convenient, comfortable and efficient experience getting to where […]

Home In Peel – Affordable Ownership Program Is Back!

[vc_row type=”in_container” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ width=”1/1″][image_with_animation image_url=”41064″ alignment=”center” animation=”Fade In” img_link=”http://www.tanteam.com/home-peel-affordable-ownership-program/”][/vc_column][/vc_row][vc_row type=”in_container” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ width=”1/1″][vc_column_text]Home In Peel – Affordable Ownership Program is back for 2016 and registration is now open. To find out more about this program click this link here. If you have any […]

Redistribution of Canada’s Workforce Drives Further Price Appreciation in Greater Vancouver and the Greater Toronto Area

Greater Montreal Area sees signs of a real estate market revival in the first quarter of 2016  TORONTO, April 7, 2016 – According to the Royal LePage House Price Survey[1] released today, Canada’s residential real estate market showed strong year-over-year price increases in the first quarter of 2016.  The Greater Vancouver and Greater Toronto Area […]

March 2016 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, April 5, 2016 — Toronto Real Estate Board President Mark McLean announced record TREB MLS® home sales for the first quarter of 2016 following a strong result for March transactions.  There were 10,326 sales in March and 22,575 sales in the first quarter.  The year-over-year growth rate for sales was 15.8 per cent for […]

Bank of Canada Maintains Overnight Rate Target At 1/2 Per Cent

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. The global economy is progressing largely as the Bank anticipated in its January Monetary Policy Report (MPR). Financial market […]

Tan•gazine March – April 2016 Vol 04 Issue 08

Greetings Reader! It’s nice that Spring is inbound in the next couple weeks and the weather is shaping up. Many of us are aching to trade in our heavy Winter coats for a T-Shirt in the sun! This Spring is slated to be one of the most interesting years for Real Estate as prices are […]

February 2016 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, March 3, 2016 — Toronto Real Estate Board President Mark McLean announced Greater Toronto Area REALTORS® reported a record number of home sales through TREB’s MLS® System in February 2016. There were 7,621 transactions reported this past February – up 21.1 per cent compared to February 2015. The number of new listings entered into […]

February 2016 GTA REALTORS® Release Mid-Month Resale Housing Figures

February 19, 2016 – Greater Toronto Area REALTORS® reported 3,500 sales through TREB’s MLS® System during the first 14 days of February 2016. This result represented a 13.5 per cent increase compared to 3,083 sales reported during the same time frame in 2015. For the TREB market area as a whole, annual rates of sales […]

January 2016 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, February 3, 2016 — Toronto Real Estate Board President Mark McLean announced Greater Toronto Area REALTORS® reported 4,672 residential transactions through TREB’s MLS® System in January 2016.  This result represented an 8.2 per cent increase compared to January 2015. “It is clear that the handoff from 2015 to 2016 was a strong one.  This […]

Basement Basics To Elevate Your Home

Finishing an underutilized basement makes financial sense in certain situations, and may add to your home’s resale value. “For a family who has outgrown their current space and  wants to avoid buying a more expensive, larger home, finishing the basement can be worthwhile,” says Alan Stewart, broker-manager with Royal LePage Sussex in North Vancouver. “Yet, […]

Royal LePage Infographic – December 2015 By The Numbers

When you are working together with a forward moving company like Royal LePage, you have the luxury to leverage on the facts below that make us the premiere choice for Canadians and their real estate endeavors for the past 100 years. We are still strongly committed to a consistent track record that we are very proud of, being […]

January 2016 GTA REALTORS® Release Mid-Month Resale Housing Figures

January 20, 2016 – Greater Toronto Area REALTORS® reported 1,583 sales through TREB’s MLS® System during the first 14 days of January 2016. This result represented a 15 per cent increase compared to 1,376 sales reported during the same time frame in 2015. Annual rates of sales growth were stronger in the areas surrounding the […]

5 Reasons Toronto House Prices Won’t Crash In 2016

The naysayers insist the bubble has to burst sometime, but no signs indicate it’ll happen this year. After the Greater Toronto Area’s record year in 2015 for both the number of homes sold and the average price, the question is: when will it all come crashing down? The answer: not in 2016. Here are five […]

Imagine the World’s Largest Amusement Park & Mall in Mississauga

Imagine a $1.5 billion amusement park and mall, just south of Pearson Airport. Well, it almost happened! In the 1980s a proposal for a “Fantasyworld” amusement, shopping, and recreation complex was made to the City of Mississauga by Triple Five Development, the company that built the West Edmonton Mall, once known as the world’s biggest […]

Eroding Home Affordability To Slow Growth In Hot Markets: Royal LePage

Phil Soper, President and CEO at Royal LePage discusses why he thinks home price growth will slow in heated housing markets in Toronto and Vancouver. He discusses Royal LePage’s quarterly house price survey.Source: BNN

December 2015 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, January 6, 2016 — The second best sales result on record for December capped off a record year for TREB MLS® home sales in the GTA. Toronto Real Estate Board President Mark McLean announced that there were 4,945 sales reported in December bringing the 2015 calendar year total to 101,299 – a substantial 9.2 […]

Tan•gazine December 2015 – January 2016 Vol 04 Issue 07

Wishing you and the family a safe and wonderful Merry Christmas and upcoming New Year! May your days be Merry and Bright! …We also wanted to keep you busy with this season holiday with a little leisure reading! Check out our latest Tan•gazine Vol 04 Issue 07!

Feds To Tighten Mortgage Rules For Homes Over $500K

The federal government is expected to tighten mortgage rules in an effort to cool the red-hot housing markets in Toronto and Vancouver, CTV News has learned. The new regulations will increase the minimum down payment required to buy a home for more than $500,000, with portions beyond that amount requiring a 10 per cent down […]

Brookfield Real Estate Services Inc. Announces Acquisition of Franchise Agreements

TORONTO , Dec. 8, 2015 /CNW/ – Brookfield Real Estate Services Inc. (the “Company”) (BRE.TO) announced today that it has approved the acquisition of certain franchise agreements from Brookfield Real Estate Services Manager Limited (“the Manager”). Acquisition of Franchise Agreements Under the Royal LePage and Via Capitale brands, the Company will purchase franchise agreements representing […]

The Downside of DIY Property Sales

There are lots of stories online and in print touting the benefits of selling your home yourself, without using a real estate salesperson. Do-it-yourself property sales companies promise that you’ll save thousands of dollars in commissions. What most home sellers on that path don’t know, however, can land them in major litigation and financial loss. […]

November 2015 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, December 3, 2015 — Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 7,385 home sales through TREB’s MLS® System in November 2015 – up by 14 per cent compared to November 2014. This result also represented the best result on record for the month of November. Sales through […]

No Housing Bubble In Toronto, Vancouver: Royal LePage CEO

Phil Soper, President and CEO of Royal LePage discusses the state of Canadian housing in different regions of the country. Source: Business News Network

Government Denies MLTT To Other Municipalities

From Email To Mississauga Real Estate Board Members received December, 1st, 2015. —Email Start— Municipal Land Transfer Tax:  UPDATE! From Patricia Verge, President, Ontario Real Estate Association It gives me great pleasure today to inform you that this morning, Ted McMeekin, the Minister of Municipal Affairs and Housing, informed the legislature that the government will not give […]

Chinese Government Invests In $1bn-Plus Canadian Development

The Chinese government may become an investor in a billion-dollar-plus development in Canada. China’s state-sponsored investment company, CITIC Ltd., has pledged an investment of at least $100 million in a planned housing and entertainment development in Niagra Falls, Ont., according to the Buffalo (N.Y.) News. While specifics of the project by China-based GR Investments Co, […]

China Now Home To The Most Billionaires In The World

[vc_row type=”in_container” scene_position=”center” text_color=”dark” text_align=”left”][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ width=”1/1″][heading]China now boasts the most billionaires in the world, surpassing the US for the first time.[/heading][vc_column_text]According to the Hurun Global Rich List, China’s dollar billionaire population grew by 68.4% to 596 dollar billionaires, compared to 537 in the US.1 All together, China now boasts of 1,877 […]

November 2015 GTA REALTORS® Release Mid-Month Resale Housing Figures

November 17, 2015 – Toronto Real Estate Board Members reported 3,616 sales through the TREB MLS® System during the first 14 days of November 2015. This result represented a 9.4 per cent increase compared to November 2014. Year-over-year sales growth was strong for all major market segments, with the annual rate of sales growth strongest […]

October 2015 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, November 5, 2015 — Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 8,804 home sales through TREB’s MLS® System in October 2015.  This is the best result on record for the month of October. “It is clear that many GTA households remain upbeat about home ownership because owning […]

Spread of Municipal LTT – Call to Action

The Ontario Ministry of Municipal Affairs and Housing has indicated that they intend to allow every municipality in Ontario the power to charge a Municipal Land Transfer Tax (MLTT), a change that could double the land transfer taxes consumers have to pay on their next home. Since 2008, only the City of Toronto has been […]

Tan•gazine November – December 2015 Vol 04 Issue 06

Hello Again Dear TanTeam Follower! You know that moment when you start noticing that you have to be mindful about putting on some extra layers before stepping outside in a T-shirt and its no longer daylight past 6pm? That’s right, we Canadians are all slowly bracing for the cold and winter is literally just barely a month […]

Wynne Plans to Expand Tax Grab, Despite Promise

Home buyers beware. You’re about to pay thousands of dollars more for that dream home. The province is set to give all municipalities the right to double the amount of land transfer tax you’ll pay on your next real estate deal. Industry insiders say they’ve been told the government will amend the Municipal Act to […]

Client Appreciation 2015 Is Around The Corner!

[vc_row type=”in_container” scene_position=”center” text_color=”dark” text_align=”left”][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ width=”1/1″][vc_column_text]Greetings Dear TanTeam.com readers! It’s that time of the year again where the music flares and the cups go up for *clings*, laughter and cheers flood the air. It’s also an opportunity for us to thank our patrons, clients, supporters and good friends for a wonderful year […]

September 2015 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, October 5, 2015 — Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported a record number of transactions for the month of September through TREB’s MLS® System.  There was a combined 8,200 home sales reported for September 2015.  This result was up 2.5 per cent compared to September 2014. […]

Teranet Canadian House Price Index Rises 5.4% In August

Vancouver, Toronto, Hamilton remain strong, while prices dropped in 5 other cities… Hot markets in Vancouver, Toronto and Hamilton pushed the Teranet-National Bank Canadian house price index up by 5.4 per cent for the year to August. The index, a composite based on resale prices in 11 Canadian cities, has been at an all-time high […]

Tan•gazine August – September 2015 Vol 04 Issue 05

We hope you are enjoying the fantastic weather this summer as much we are! The kids might be back in school but you still got the chance to fire up the grills for as long as the summer heat holds up. It’ll be interesting to note that traditionally around this time of the year, the […]

Vancouver – August Sales Higher Than A Year Ago, Down From July

Sales of homes in Greater Vancouver were up by 21.3% in July compared to a year earlier but down 15.5% from June. The Real Estate Board of Greater Vancouver says that there were 3,362 sales in August 2015. Although this was lower than in July, it was 27.9% above the 10-year average for the month. […]

Royal LePage Shelter Foundation Teams Up with Charity Challenge for Trek to Machu Picchu

The Machu Picchu Challenge for Shelter will support shelters providing safety and hope for women and children fleeing domestic violence TORONTO, August 5, 2015 – For eight days this August, 60 Royal LePage agents, broker/owners, staff and family members from across Canada will hike at high altitude to raise much-needed funds and awareness to break […]

Royal LePage Shelter Foundation Named a National Partner In Sheltersafe.ca

The Royal LePage Shelter Foundation has been named a national partner in Sheltersafe.ca – a new online resource – along with RBC Foundation. Funds will be provided to underwrite the costs of the new website. Sheltersafe.ca uses a clickable map to help women connect quickly with the shelter in their community. In addition to being […]

It’s About the People: How Demographics are Driving Housing Demand

In the face of renewed economic turmoil around the world, Canada’s housing market continues to perform well. To what should we attribute this sustained strength? Low interest rates? Growth in full-time employment? Foreign investment? Yes to all, but how about demographics? Canada’s population is now aged ‘just right’ to be homebuyers. Even if interest rates […]

Sales Increase For Toronto Homes

All housing types in the Greater Toronto Area saw an increase in August, according to new figures from the Toronto Real Estate Board. The overall increase year-over-year was 5.7% with 7,998 sales. Condo sales grew by 13.8% year-over-year. New listings grew faster than sales but the overall level of active listings was lower in August […]

RBC – Canadians Are Likely To Have Borrowed More Despite Recession

While official figures show a technical recession for the first half of 2015, it seems Canadians were not put off from borrowing. A report from RBC shows that the average household’s level of debt grew to a new record high. The bank’s economist Laura Cooper estimates that Canadians now have $1.84 trillion in debt, including […]

Interest Rates To Stay Low For 18 Months Say Economists

A poll of 40 economists by Reuters revealed that the financial experts are not forecasting any rise in interest rates until 2017. The economists believe that, although there is a chance of a further reduction in rates by the Bank of Canada, it is also unlikely if the economy is picking up from the technical […]

Got $1 Million? You Might Score A Tear-Down Home In A Hot Market

Soaring land values in desirable neighbourhoods help dilapidated homes command top dollar Got $1 million to buy a house? If you’re looking to spend it in a hot neighbourhood in Toronto or Vancouver, brace yourself. You might end up with a dilapidated home in desperate need of major repairs, or even a tear-down. A Toronto […]

Mortgage Lender Announces Record originations In July

Canada’s largest mortgage institution has announced a record number of originations in July. Dominion Lending Centres’ new mortgage originations hit $2 billion for that month alone. The first half of the year was a positive one for the lender with 35,000 new home loans written in the first six months of 2015, a 25% increase […]

Technical Recession But Experts Say It’s Over

Figures from Statistics Canada revealed Tuesday that Canada was in a technical recession in the first half of the year as the economy declined in both quarters. However, June figures showed an uplift and economists are confident that the worst is behind us. But, as almost 1,000 job losses were announced in the energy sector […]

Toronto, Vancouver Home Affordability At ‘Risky’ Levels, But Prices Forecast To Keep Rising

Home affordability in Toronto and Vancouver is approaching “risky” levels, according to a report from RBC, but low interest rates and even the falling loonie mean Canadians shouldn’t count on affordability improving in those two cities. The cost of owning a home has been holding steady in most parts of Canada, but affordability declined during […]

Royal LePage Launches #IMHOME Marketing Campaign

Royal LePage has launched an online contest to connect with clients and prospects over the summer and fall months. Canadians are being asked to take photos of what home means to them and share them on the #IMHOME contest site. Contestants are entered for a chance to win $25 weekly gift card prizes, $250 monthly […]

Royal LePage Announces Major Expansion in British Columbia

Move makes it the largest real estate company on Vancouver Island. Royal LePage Real Estate Services (Royal LePage) has announced the acquisition of the Coast Realty Group brokerage and property management business which will operate under the Royal LePage banner, effective immediately. “I am thrilled to welcome the more than 150 highly regarded professionals at […]

Labour Market Boosts Canadian Real Estate in the Second Quarter

Royal LePage reports that 2015 is shaping up to be a record year; urges Bank of Canada move cautiously on further interest rate cuts Against the backdrop of mixed economic signals at home and abroad, Canada’s real estate market remained healthy in the second quarter of 2015, with solid national average price appreciation across housing […]

Rate Cut Could Add Fire To Toronto, Vancouver House Markets

Even fears of recession aren’t slowing down buyers. A further interest rate cut by the Bank of Canada could further fuel flames in the country’s two biggest real estate markets which are once again showing signs of overheating, housing watchers say. “It’s another log on the fire for the Toronto and Vancouver housing markets,” says […]

June 2015 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, July 7, 2015 – Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 11,992 sales through TREB’s MLS® System in June 2015. This result represented a new record for the month of June and an 18.4 per cent increase over the June 2014 result of 10,132. “As I begin my […]

Tan•gazine June – July 2015 Vol 04 Issue 04

Summer is in and so is the heat, over at The TanTeam, we are hoping you are staying cool and hydrated in the sun! A quick update on the Real Estate market if you will, it sure has been very active the past couple weeks this goes both ways for sellers and buyers in the […]

June 2015 GTA REALTORS® Release Mid-Month Resale Housing Figures

TORONTO, June 16, 2015 — Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 5,661 home sales through TREB’s MLS® System during the first two weeks of June 2015. This result represented a 15.7 per cent increase compared to the same period in 2014. “We continued to see a record […]

Royal LePage Named Canada’s 2015 Outstanding Corporate Citizen

Royal LePage Real Estate Services has been named the 2015 Outstanding Corporate Citizen by the Canadian Franchise Association (CFA). The company received the award for demonstrating sustained support for the local communities through its network of over 600 brokerage offices and for philanthropic innovation on a national scale. The company’s 16,000 Realtor network has raised […]

May 2015 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, June 3, 2015 — Toronto Real Estate Board President Paul Etherington announced 11,706 sales reported by Greater Toronto REALTORS® in May 2015. This result was up by 6.3 per cent in comparison to 11,013 sales reported in May 2014. For the TREB market area as a whole, sales were up for all major housing […]

May 2015 GTA REALTORS® Release Mid-Month Resale Housing Figures

TORONTO, May 19, 2015 — Toronto Real Estate Board President Paul Etherington announced a 9.6 per cent year-over-year increase in home sales reported by Greater Toronto Area REALTORS® during the first 14 days of May. There were 5,655 sales reported in the first two weeks of May 2015 compared to 5,160 sales during the same […]

April 2015 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, May 5, 2015 — Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 11,303 sales in April 2015. This was the highest sales result on record for the month of April and represented a 17 per cent increase in comparison to April 2014. While sales increased strongly on a […]

No Risk of ‘Bubble,’ Poloz says of Canada’s Bloated Housing Market

The Bank of Canada’s top brass assured a parliamentary committee that Canada’s bloated housing market has not become a risky asset bubble, despite the central bank’s own calculation that house prices nationwide are roughly 20 per cent overvalued. “We don’t believe we’re in a bubble,” Bank of Canada Governor Stephen Poloz said in testimony Tuesday […]

Tan•gazine April – May 2015 Vol 04 Issue 03

Spring is in the air and summer is fast approaching. The weather is warming up and so is the real estate market! Ever wondered what your home might be worth? Why not try get a free home evaluation and ask about our EHS program to see how you can maximize your home equity? Many property […]

April 2015 GTA REALTORS® Release Mid-Month Resale Housing Figures

TORONTO, April 16, 2015 — Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 4,635 home sales during the first 14 days of April 2015. This result represented a 3.4 per cent increase compared to April 2014. New listings over the same period were down by 4.6 per cent year […]

Bank of Canada Announces Overnight Rate

Despite a “stalled” economy in the first quarter of 2015, the Bank of Canada revealed some optimism as it held steady the target for the overnight rate. “Risks to the outlook for inflation are now roughly balanced and risks to financial stability appear to be evolving as expected,” the Bank of Canada wrote in an […]

National Home Sales, Prices Up On Canada’s Biggest Cities

The latest numbers from the Canadian Real Estate Association point to the country’s two hottest markets as the greatest drivers of year-over-year sales and price growth. During the month of March, CREA recorded a 9.5 per cent increase in the number of transactions, compared to the year-ago period. Much of that boost came from two […]

March 2014 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, April 7, 2015 — Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 8,940 sales in March 2015. This result represented an 11 per cent increase compared to March 2014. Sales were up for most major home types, both in the City of Toronto and the surrounding regions. New […]

CMHC Announces Higher Premiums For Risky Loans

The Canada Mortgage and Housing Corporation has announced that it is increasing premiums for high-risk mortgages. Buyers with less than a 10 per cent down payment will pay approximately 15 per cent more for their mortgage loan insurance from June 1, 2015. The hike follows the agency’s review of its products as it looks to […]

This Economist Says You Should Ignore That IMF Report

At least one economist is backing up the thinking of many experienced investors wary of the kind of overvaluation fears stirred by an IMF report this week. The latest report follows a year marked by an onslaught of reports from across the globe, claiming Canada’s housing market is overvalued, but at least one economist believes […]

How Much Do Asian Investors Spend In Canada?

The wave of Asian investors underwriting commercial real estate deals across Canada is on the rise and expected to grow in 2015, according to a new report. Colliers’ Spark Report: Chinese Capital Emerging in Commercial Real Estate, published yesterday, found that the global outflow of Chinese capital reached a record US $18 billion in 2014, […]

Bank of Canada Lowers Overnight Rate Target To 3/4 Per Cent

Ottawa – The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent. This decision is in response to the recent sharp drop in […]

GTA Realtors® Donate $485,410 To Shelter Charities

Greater Toronto REALTORS® kick off 2015 by providing grants to 60 different shelter-related charities throughout the Greater Toronto Area. “For the past seven consecutive years Greater Toronto REALTORS® have voted overwhelmingly in favour of participating in the Ontario REALTORS Care® Foundation’s ‘Every REALTOR®’ campaign,” said Toronto Real Estate Board President Paul Etherington. “The decision, which […]

Some Market Players Suddenly Think Bank of Canada Could Cut Rates

Rates, loonie in focus Some market players are now betting that the Bank of Canada could cut interest rates, rather than hike. The speculation is mild at this point, but it’s the shift in sentiment that’s important, said chief currency strategist Camilla Sutton of Bank of Nova Scotia. This shift began Friday as Statistics Canada […]

December 2014 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, January 7, 2015 — Toronto Real Estate Board President Paul Etherington announced that Greater Toronto REALTORS® reported 92,867 residential sales through the TorontoMLS system in 2014, including 4,446 in December. The calendar year 2014 sales result represented a 6.7 per cent increase over the 2013 sales figure of 87,049 and was just short of […]

December 2014 GTA REALTORS® Release Mid-Month Resale Housing Figures

TORONTO, December 16, 2014 — Toronto Real Estate Board President Paul Etherington announced that Greater Toronto REALTORS® reported 2,496 sales through the TorontoMLS system during the first 14 days of December 2014. This result was up by 1.9 per cent compared to the same period in December 2013. Over the same period, new listings were […]

November 2014 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, December 4, 2014 — Toronto Real Estate Board President Paul Etherington announced that Greater Toronto REALTORS® reported 6,519 residential transactions through the TorontoMLS system in November 2014. This result was up by 2.6 per cent compared to 6,354 sales reported in November 2013. Through the first 11 months of 2014, total sales amounted to […]

OECD Sees BoC Starting To Hike Rates In May, ‘Steadily Thereafter’

The Organization for Economic Co-operation and Development believes the Bank of Canada will start raising its key interest rate next spring – about six months ahead of what most economists believe and what the central bank has been implying. In the OECD’s twice-annual Economic Outlook, released early Tuesday, the international economic policy and research body […]

Misreading Canada’s Housing Market: No ‘Significant Overbuilding’

Don’t fret, study says Amid the angst over Canada’s housing market, a new study suggests there’s no “significant overbuilding.” That’s because demand for housing isn’t being measured properly, today’s report from CIBC World Markets found. “Ask any real estate developer in any of Canada’s major cities about the risk of overbuilding, and the first line […]

October 2014 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, November 5, 2014 — Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 8,552 sales through the TorontoMLS system in October 2014. This result represented an increase of 7.7 per cent compared to October 2013. New listings were also up on a year-over-year basis, but by a lesser 3.4 […]

Toronto Realtors® Highlighting Need For Land Transfer Tax Relief During Municipal Election Campaign

With less than one week to go before Toronto voters select a new City Council, Toronto’s REALTORS® continued to raise concerns about the Toronto Land Transfer Tax with Mayoral candidates at TREB’s Annual General Meeting. “TREB’s municipal election efforts are focused on where the candidates stand on the issues that are a priority to REALTORS® […]

October 2014 GTA REALTORS® Release Mid-Month Resale Housing Figures

TORONTO, October 16, 2014 — Toronto Real Estate Board President Paul Etherington announced that residential sales reported through the TorontoMLS system during the first 14 days of October were up by 12.2 per cent compared to the same period in 2013. Over the same period, new listings entered into TorontoMLS were up by a lesser […]

Real Estate Market On Pace For Hot Start To Autumn

There are early indications that September appears to have been another strong month for Canadian home sales. That is based on data that some local real estate boards have released in recent days about how their housing markets fared last month. The number of existing homes that changed hands in Toronto was up 10.9 per […]

September 2014 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, October 3, 2014 — Toronto Real Estate Board President Paul Etherington announced that there were 8,051 transactions reported through the TorontoMLS system in September 2014. This result represented a 10.9 per cent increase compared to September 2013. On a year-to-date basis through the first three quarters of the year, sales were up by 6.9 […]

Could Targeted Land Transfer Taxes Cool Canada’s Hottest Markets?

Ontario’s real estate association has launched an ad campaign to explain why they believe land transfer taxes hurt the economy. But in a hot housing market, could the tax be used to cool particular regions, such as Toronto and Vancouver? Officials in Ottawa have made it clear they see no need to cool the market […]

September 2014 GTA REALTORS® Release Mid-Month Resale Housing Figures

TORONTO, September 16, 2014 — Toronto Real Estate Board President Paul Etherington announced that Greater Toronto REALTORS® reported 3,297 sales through the TorontoMLS system during the first 14 days of September 2014. This result represented an 8.3 per cent increase compared to the same period in 2013. Year-to-date sales through September 14, at 68,731, were […]

Data Show Home Prices Will Continue To Rise

Policy makers in Ottawa have been taking some comfort from signs Canadian home prices have been moderating lately. They shouldn’t. If Toronto-Dominion Bank economist Diana Petramala is correct, home prices might be on their way up again. That would be disappointing news to those in Ottawa who, until recently, were fairly certain they had successfully […]

Neighbourhoods Where Home Prices Have Gained Most in Canada’s Major Cities

When Canada’s national housing numbers are released Monday by the Canadian Real Estate Association, they’ll likely show some notable discrepancies between markets. Prices in Calgary, Toronto and Vancouver have been hot lately, but not so much in other areas. But that’s not the whole story. Even within cities, the variations in how different neighbourhoods have […]

Bank of Montreal Brings Back The 2.99% Mortgage

Bank of Montreal has once again lowered its five-year fixed mortgage rate to 2.99 per cent, from 3.29 per cent, a move that could cause more downward pressure on rates at a time when they’re already defying expectations. BMO’s rate is not the lowest in the market, but it is the lowest that’s currently available […]

Vogue Names Toronto’s Queen Street West World’s Second-Hippest District

Vogue has named Toronto’s Queen Street West the second-hippest district in the world. In a study of the globe’s 15 coolest neighbourhoods, the magazine ranks the Canadian district as second only to Tokyo’s Shimokitazawa. “Toronto is currently enjoying newfound prominence – and desirability – amongst globe-trotting tastemakers,” Vogue’s Nick Remsen writes on the magazine’s website. […]

August 2014 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, September 4, 2014 — Toronto Real Estate Board President Paul Etherington reported 7,600 sales through the TorontoMLS system in August 2014. This result was up by 2.8 per cent compared to 7,391 transactions reported in August 2013. Year-to-date sales through the end of August amounted to 65,454, which represented an increase of 6.5 per […]

August 2014 GTA REALTORS® Release Mid-Month Resale Housing Figures

TORONTO, August 18, 2014 — Toronto Real Estate Board President Paul Etherington announced mid-month figures for August 2014 that point to continued strength in the GTA housing market. There were 3,504 sales reported through the TorontoMLS system during the first 14 days of August. This result was up by 7.6 per cent compared to the […]

Rise In Asset Values Pushes Up Canadians’ Wealth

Canadians saw their net worth climb by nearly 8 per cent last year as real estate and investment values soared, pushing average household wealth levels to a new high and offering a clear indication that many Canadians have put the recent recession far behind them. An analysis of wealth by Environics Analytics shows the average […]

July 2014 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, August 7, 2014 — Toronto Real Estate Board President Paul Etherington reported strong year-over-year growth for July 2014 sales and the average selling price. Sales reported by TREB Members through the TorontoMLS system were up by 10 per cent to 9,198. This was the second-best July sales result on record. “The second half of […]

Local Real Estate Boards Give Hint Of A Surging Housing Market

Canada’s housing market is again proving to be hotter than economists expected. The latest data on sales of existing homes across the country will be released by the Canadian Real Estate Board next week. But a number of local real estate boards have made their statistics available in recent days and the picture they paint […]

Vancouver and Toronto Property Prices Start to Percolate Again

Parts of the Canadian housing market that most worried policy makers are now seeing significant price gains. Back when former finance minister Jim Flaherty moved to take some steam out of the market in mid-2012, he and economists expressed an especially high level of concern about two key areas: Vancouver, which had the most overvalued […]

Bank of Canada Cuts Economic Outlook

The Bank of Canada continued to hold the line on interest rates despite the recent acceleration in inflation, but adjusted its inflation outlook Wednesday to acknowledge the faster-than-expected rise in Canadian consumer prices. The central bank also said it expects Canada’s economy to return to full capacity a bit later than previously projected. The Canadian […]

July 2014 GTA REALTORS® Release Mid-Month Resale Housing Figures

TORONTO, July 16, 2014 — Toronto Real Estate Board President Paul Etherington announced that Toronto MLS home sales through the first 14 days of July 2014 were up by 11.6 per cent year-over-year to 3,891. New listings were also up compared to the same period in 2013, but by a lesser annual rate of 9.7 […]

Canadian Home Sales Beat Expectations, Surge In June

Canada’s housing market continued to flex its muscles in June, with the number of existing homes that changed hands coming in 11.2 per cent higher than a year earlier. Vancouver, Calgary, Toronto and Hamilton were among the markets that showed the most strength. On a seasonally-adjusted basis, sales rose 0.8 per cent from May, which […]

Canadian Home Prices Rise In June, But Pace Slows

Canadian resale home prices rose sharply in June but the pace of 12-month price inflation slowed, the Teranet-National Bank Composite House Price Index showed on Monday. The index, which measures price changes for repeat sales of single-family homes, showed home prices were up 0.9 per cent nationally last month following a 0.8 per cent increase […]

Condo Sales Surge As House Prices Climb

[heading subtitle=”Average price jumps 7.4 per cent in a year”]Toronto Real Estate Board says, and sales leap 15.4 per cent. [/heading] Gera Nevolovich has accepted that he will never be able to afford a house in Toronto for his two young sons. He considers himself lucky to be living in the next best thing — […]

A Single Hot Spot Is Skewing Canada’s Housing Picture

The problem with trying to gauge the heat of Canada’s housing market is that it depends on where you insert the thermometer. Over all, the market still looks unsustainably warm, but the nationwide numbers are being skewed big-time by scorchingly hot Calgary. If we remove this one city from the equation, the national housing landscape […]

Price Surges in Canada’s Biggest Cities Mask an Otherwise Temperate National Market

[vc_row][vc_column width=”1/1″][/vc_column][/vc_row][vc_row][vc_column width=”1/1″][vc_text_separator title=”Royal LePage forecasts steady price gains for the full year, inventory shortages in large cities continue ” title_align=”separator_align_center”][/vc_column][/vc_row][vc_row][vc_column width=”1/1″][/vc_column][/vc_row][vc_row][vc_column width=”1/1″][vc_column_text] TORONTO, July 9, 2014 – With the harsh winter now a fading memory, the average price of a home in Canada increased between 3.9 and 5.2 per cent in the second quarter of […]

June 2014 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, July 4, 2014 — Stepping into his role as President of the Toronto Real Estate Board, Paul Etherington announced a strong increase in residential sales reported through the TorontoMLS system in June. Sales were up by 15.4 per cent year-over-year to 10,180 transactions. New listings were also up compared to the same period in […]

Toronto Home Sales, Prices Surge In June

Toronto’s housing market chalked up a stellar June, with both sales and prices surging from a year earlier. Friday’s report from the Toronto Real Estate Board adds to the sentiment expressed this week by the Conference Board of Canada, which said the city’s residential real estate market was dinged by a harsh winter but should […]

GTA House Listings Pick Up In June, But So Do Sales

TREB predicts sellers’ market at least for the rest of 2014 The number of homes for sale picked up considerably in June – with new listings up 7.8 per cent over a year ago – but pent-up demand continues to outstrip supply, says the Toronto Real Estate Board. For that reason, TREB is predicting a […]

Region of Peel: Home in Peel Affordable Ownership Program

What is the Home in Peel Affordable Ownership Program? The Home in Peel Affordable Ownership Program is designed to provide low-to-moderate income residents who are currently renting a unit in the Region of Peel (Brampton, Caledon or Mississauga) the opportunity to qualify for down payment loan assistance to buy a home in Peel Region. This program will […]

Canadians Richer Than Ever & Cutting Back On Mortgage Debt

Debt growth eases…Canadians are getting the message on their ugly debt levels, at the same time as their wealth increases. Mortgage debt in Canada rose just 0.6 per cent in the first quarter of the year, to $1.1-trillion, marking the slowest pace since the depths of the financial crisis in early 2009, Statistics Canada said. […]

June 2014 GTA REALTORS® Release Mid-Month Resale Housing Figures

TORONTO, June 17, 2014 — Toronto Real Estate Board President Dianne Usher announced that both sales and new listings were up substantially during the first 14 days of June 2014 compared to the same period in 2013. “If the first two weeks of June are any indication, we may be seeing a turnaround in the […]

Canadian Home Sales Spring To Life In May, Surge 4.8 Per Cent

Canadian home sales sprang to life in May, coming in 4.8 per cent higher than a year earlier, according to data released by the Canadian Real Estate Association on Monday. Poor weather caused a slow start to the all-important spring home-selling season this year, but the market showed significant momentum last month. The number of […]

Can’t Afford a House in Toronto? Be Patient…

With prices of single family homes already up over 13 per cent year over year, the dream of owning a home in a desirable neighbourhood is quickly fading for many would-be Toronto home owners. In popular areas along the Yonge subway line, even semi-detached homes are now selling for over $1 million, which is out […]

Canadians See Houses As Homes, Not Nest Eggs

Mortgage survey reveals homeowners’ attitudes about real estate and retirement More than two-thirds of Canadians who bought in the last decade view their house as a place to live and just 31 per cent as a nest egg. And that appears to be consistent among homebuyers, whether they bought recently, or back in 2003, before […]

Canadian Housing Starts Remain Steady As Of May 2014

The Canada Mortgage and Housing Corporation (CMHC) announced that Canadian housing starts are trending at 184,438 units, a slight increase compared to the 183,872 units in April. Housing starts across the country have remained steady for the past three months, which is a sign of market stabilization. The trending figure is a six-month moving average […]

In Toronto’s Housing Market, ‘$2-million Is The New $1-million’

Torontonians who can barely wrap their minds around a housing market where $1-million is the average price for a detached home might want to take notice of a new fast-approaching benchmark. Try not to panic if you haven’t bought yet but the $2-million home is a growing segment of the market in Canada’s largest city. […]

May 2014 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, June 4, 2014 — Toronto Real Estate Board President Dianne Usher announced that both the number of home sales through the TorontoMLS system and the average selling price were up strongly in May compared to a year ago. Total TorontoMLS sales for May 2014 amounted to 11,079 – a new high for the month […]

Housing Market Can Withstand Gradual 2% Mortgage Hike: BMO

Canada’s housing market would be more than able to withstand a modest two per cent increase in mortgage rates as long as it’s implemented slowly, over a year or two, BMO economist Robert Kavcic says. In a report Friday, Kavcic runs some numbers trying to gauge the impact of what would happen if Canadian mortgage […]

Mortgage Battle Escalates As Scotiabank Offers 2.97% Five-Year Rate

Royal Bank of Canada, the country’s largest mortgage lender, is offering real estate agents $1,000 for referring five first-time home buyers, as competition among banks for first-time buyers has heated up. That’s the lowest five-year fixed rate among the big banks, and comes in slightly below the 2.99 per cent rate that Bank of Montreal […]

For Houses Priced In The ‘Sweet Spot,’ Bully Bids Proliferate

When a semi-detached house in the central Toronto neighbourhood of Davisville hit the market last week, the bullies immediately began to circle. “We didn’t even make it to offer day,” says Patrick Rocca of Bosley Real Estate Ltd., who listed the house with an asking price of $699,000. Four bullies signalled interest before the day […]

Sales of High-End Real Estate Soaring

Sales of high-end homes in Toronto have surged this year, outstripping the growth in sales of more modestly priced homes. Indeed, a number of markets across the country are seeing a strong pickup in the number of high-end homes that are selling. Real estate industry players say they think it’s because people are less worried […]

Canada’s Housing Agency Sees Softer Starts, Higher Prices In 2014

Canada federal housing agency lowered its forecast for housing starts but not prices in 2014 and said sales and construction will be flat or barely higher in 2015 as the once-roaring market adjusts to a glut of condominiums coming onto the market. Canada Mortgage and Housing Corp said the nation’s housing boom is coming to […]

May 2014 GTA REALTORS® Release Mid-Month Resale Housing Figures

TORONTO, May 16, 2014 — Toronto Real Estate Board President Dianne Usher announced that “Sales reported by Greater Toronto REALTORS® were up strongly during the first two weeks of May in comparison to the same time last year. However, new listings were down slightly over the same period, which means competition between buyers continued to […]

Average Price of Canadian Home Hits $409,700 In April 2014

OTTAWA — Canadian home sales were up 2.7 per cent from March to April, boosted by the Vancouver and Toronto markets, according to the Canadian Real Estate Association. However, sales through the Multiple Listings Service were down 0.3 per cent compared with a year ago and one per cent below the 10-year average. The association […]

Investors Group Cuts Mortgage Rate To 1.99%

A Canadian lender has pushed mortgage rates to their lowest level in at least two years in a bold move to gain market share and publicity. Investors Group cut its three-year variable mortgage rate to prime minus 1.01 per cent, or 1.99 per cent, on Monday. It appears to be the lowest rate in the […]

Home Ownership Fast Becoming Part Of History

The children of boomers could well be the last generation to inherit substantial wealth. Everyone else is doomed, especially the property-less classes in the rest of Canada. In Toronto, you now have to be a millionaire to buy the average detached home, according to April data from the Toronto Real Estate Board. The only place […]

Bubble? What Bubble? Toronto Condo Sales Booming Once Again

Anecdotally, we’ve been hearing how strongly sales of condo units in Toronto bounced back in the first quarter of 2014. Investors swarmed some condo sales centres as soon as new projects were launched. In the resale market, some sellers were choosing among competing buyers for the first time in a long while. Data this week […]

Toronto Condo Land Prices Take A Breather

Developers appear to be a little less eager to scoop up land in the Toronto area to build condos on. If that keeps up, it would be good news for those economists and market watchers who believe that too many condos are going up in the country’s most populous city (in the last year the […]

Tepid Spring Marks Start Of Home-Buying Season

Spring is crucial to the real estate business because it’s the time of year when a disproportionately large number of homes change hands. So far, this one has been tepid at best. The number of existing homes that sold in Canada in March was more than eight per cent below the average of the past […]

April 2014 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, May 6, 2014 — Toronto Real Estate Board President Dianne Usher announced that during April – the first full month of spring – Greater Toronto REALTORS® reported a 1.8 per cent year-over-year increase in sales through the TorontoMLS system. Total April 2014 sales amounted to 9,706, compared to 9,535 transactions in April 2013. “April […]

Why Regina Has Seen The Steepest Home Price Declines This Year

Overly optimistic developers and frigid weather appear to have put a bit of a dent in Regina’s housing market. Regina is the only major city where prices have fallen since the end of last year, according to the Canadian Real Estate Association’s home price index. Ottawa prices have fallen slightly on the index over the […]

The ‘Responsible’ Canadian: Why Stephen Poloz Sees No Housing Crash

The numbers certainly support the Bank of Canada’s expectations for heading off a housing meltdown. The question is, how long will that last? And the answer – who knows? – is one of the reasons central bank chief Stephen Poloz is still concerned. As The Globe and Mail’s Barrie McKenna reports, Mr. Poloz appears to […]

What Google Searches Reveal About Canada’s Housing Market

Want to know when the housing market will take off? Ask Google. It looks like the number of times that Canadians search for the term “mortgages” in Google is a decent indicator of what home sales will do. And if that’s true, the spring might yet show a spike in the number of homes changing […]

CMHC Cutting Back On What It Covers With Mortgage Default Insurance

Canada Mortgage and Housing Corp., the Crown corporation that controls the vast majority of mortgage default insurance in the country, says it plans to get out of the market for second homes and is adding restrictions for self-employed Canadians. Effective May 30, CMHC said it will discontinue insuring second homes and will require self-employed Canadians […]

9 Things FSBO Companies Don’t Want Consumers To Know

1. They charge upfront (in most cases thousands). Agents don’t. When it comes down to it, listing with an agent shouldn’t cost you a cent. I know you probably read that a few times. Agents don’t charge upfront, we only charge when results are provided. This gives you an advantage in more than one way. […]

The American Middle Class Is No Longer the World’s Richest

The New York Times made headlines across Canada, as well as the U.S., when it produced a study Tuesday showing the Canadian middle class had surpassed America’s. The newspaper’s economic analysis was based on data compiled by LIS, which maintains the Luxembourg Income Study Database, and studies the growth of median per capita income after […]

Annual National Garage Sale for Shelter 2014

On Saturday, May 10th, 2014, Royal LePage offices across Canada are hosting the National Garage Sale for Shelter, with 100% of proceeds going to help women and children who have experienced family violence. Visit us at our office on 6958 Financial Dr, Mississauga L5N 8J4 and enjoy our live DJ, get a photo taken with […]

Toronto Condo Sales Soar Despite Concerns Of A Crash

Sales of new condos in the Toronto area last month hit the highest level ever for the month of March, according to research firm RealNet Canada Inc., as buyers remained active in one of the country’s most worrisome markets. While the country’s housing market is just digging itself out of a winter slump, sales of […]

April 2014 GTA REALTORS® Release Mid-Month Resale Housing Figures

TORONTO, April 17, 2014 — Toronto Real Estate Board President Dianne Usher announced that the spring market started off on a strong note in the Greater Toronto Area, with a 10.8 per cent year-over-year sales increase reported by Greater Toronto REALTORS® during the first two weeks of April. Sales through the TorontoMLS system over this […]

Canada Has Quietly Become One of the World’s Economic Safe Havens

As the world goes through its continuing economic turmoil, Canada has quietly become one of the world’s economic safe havens. A haven where international money is being parked for safety and ROI, a haven that is poised to provide the world what it needs for at least the next decade and probably a lot longer. […]

Move Fast, Bid Hard: The New Buyers’ Rules In Toronto’s Sellers’ Market

Real estate agent Christopher Bibby was on a plane making its final descent into San Francisco last weekend when his clients in Toronto found the house they had to have. “We’ve been looking at houses all over the city for a year. The minute I leave, the perfect house comes through,” he says. “I don’t […]

First-Time Home Buyers Feeling More Confident: Poll

First-time buyers are feeling more confident about the housing market and are ready to jump in, according to the 21st annual home ownership poll by RBC. With the peak buying and selling spring market just around the corner, there has been a significant increase in the number of young Canadians who feel housing is a […]

Sandra Rinomato: Answers To Your Real Estate Questions

When is the best time to buy or sell a property? Every region has their own real estate season and in my area of Toronto, the month that has the highest activity level and highest prices has almost consistently been the month of April. So does that make it the best time to buy? Maybe–maybe […]

Royal LePage Says Warmer Weather Sparks Real Estate Pickup

Most regions see strong price gains of between 2.5 per cent and 5.4 per cent Improving weather is sparking a spring pickup in Canada’s residential real estate market, according to one of the country’s leading real estate companies. Royal LePage says that after a “remarkably drab winter” for real estate activity, the final month of […]

Lessons from a First-time Homebuyer: Adam’s Story

[heading subtitle=”we’ve asked homebuyers for their first-time homeownership lessons in this three-part series.”]In recognition of Genworth Canada’s Annual Homeownership Week[/heading] Adam is a 30-year-old account manager at a large PR firm in Toronto, Ontario. He purchased his first home in the spring of 2009 in Ottawa, Ontario, after looking at roughly 30 to 40 homes […]

Too Many Questions Around Canada’s Housing Market: CIBC Economist

The lack of public data around Canada’s housing market is “mind-boggling” and could leave the country, and the economy, especially vulnerable when interest rates start to rise, says a leading bank economist. “We have a new finance minister now, a new head of the CMHC (Canada Mortgage and Housing Corporation), maybe it’s time to turn […]

March 2014 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, April 3, 2014 — Toronto Real Estate Board President Dianne Usher announced that Greater Toronto Area REALTORS® reported strong year-over-year increases in TorontoMLS home sales and the average selling price in March 2014. Home ownership affordability, backstopped by low borrowing costs, continued to be a key factor underlying this growth. A total of 8,081 […]

Could CMHC Change Its ‘One-Size Fits All’ Mortgage Insurance To Reflect Real Risk?

Buy a house with less than a 20% down payment and you have to get mortgage default insurance. There’s no choice. The rules are dictated by Ottawa and protect the banks, in the event you default. The rate you’ll be charged bears very little relation to your individual risk. You have a fantastic job, a […]

BMO’s Mortgage Rate Cut Won’t Have Big Impact On Housing Market

[heading subtitle=”a marketing gimmick, say some, and won’t significantly alter demand”]2.99% 5-year fixed rate[/heading] The amount of chatter that the Bank of Montreal’s mortgage rate cut generated this week is more proof that Canadians are not yet sick of talking about real estate. But it’s unclear how much of an effect the new 2.99 per […]

Oliver Watching Housing Market ‘Closely’ After BMO Cuts Mortgage Rate

Finance Minister Joe Oliver says he’s keeping a close eye on Canada’s housing market after the Bank of Montreal announced it was slashing its five-year fixed-rate mortgage to levels that pushed his predecessor Jim Flaherty to intervene last year. The bank said Thursday it will offer a five-year rate of 2.99 per cent, down from […]

SWAT Team Raid's Home In 60 Seconds

Why using a Realtor® may save you time, money, hassle and possibly even a visit from the local SWAT! Find out what a qualified Realtor® can do for you and to protect your investment and family by informing you about things you will want to know before buying your next place to call home, it’s […]

Forget About A Crash, Conference Board Gives Housing Market Clean Bill Of Health

The Conference Board isn’t buying the notion that Canada’s housing market will suddenly crumble, saying the most likely outlook is for a modest decline nationally and in some specific markets. The Ottawa-based think-tank argues in a comprehensive new look at real estate in Canada that the conditions for a crash simply don’t exist, despite numerous […]

March 2014 GTA REALTORS® Release Mid-Month Resale Housing Figures

TORONTO, March 19, 2014 — Toronto Real Estate Board President Dianne Usher announced that Greater Toronto Area REALTORS® reported 3,459 transactions through the TorontoMLS system during the first two weeks of March 2014. This result for the TREB market area as a whole was virtually unchanged in comparison to 3,464 transactions completed during the same […]

How Bubbly is Canada’s Housing Market? Why the Doomsayers May Have it Wrong

[heading subtitle=” frothy as some pessimists warn.”]Canada’s housing market isn’t as [/heading] A Globe and Mail analysis has found that a key measure, used by economists, underestimates the degree to which rents have been rising in the market. That inflates what is known as the price-to-rent ratio, feeding into fears that the market is overheated. […]

Housing In The Greater Toronto Area – Several Markets, Several Tales

Highlights While robust GTA existing home price growth has been grabbing attention, headline numbers can be deceiving. The GTA market is made up of several different markets each with varying fundamentals. The region’s housing market can be split into the resale and new home segments. While the former remains robust, the latter has been cooling […]

February 2014 GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, March 5, 2014 — Toronto Real Estate Board President Dianne Usher announced that February 2014 home sales reported by Greater Toronto Area REALTORS® were up by 2.1 per cent compared to the same period last year. Total February sales amounted to 5,731 compared to 5,613 last year. “Despite the continuation of inclement weather in […]

Bank Of Canada Adds Ukraine To List Of Concerns

[heading subtitle=”Will, in all likelihood, keep its trend-setting rate at a low one per cent, where it has been since late 2010 amid weak global economic conditions.”]The Bank of Canada[/heading] OTTAWA — Bank of Canada is keeping its low-interest rate policy in place for a while longer, signalling Wednesday that it remains to be convinced […]

Think Gen Y Will Prop Up Canada’s Housing Market? Think Again

Hints of the housing market’s undoing can be found in the questions being asked by a 26-year-old, recently graduated, money-saving virtuoso we’ll call Steve. Heard about all the struggling members of Generation Y who wonder how they’ll ever afford a house? Steve’s not one of them. He graduated with an engineering degree in 2012, landed […]

Canadian Snowbirds’ Dream Of U.S. Vacation Home Fading Fast

The hundreds of thousands of Canadian snowbirds who flock to the United States are being hit by a falling loonie that should see their purchasing of U.S. winter homes start to slow, says a new report. It’s not going to be any sort of collapse, which is good news for Florida, the number one draw […]

The Deciding Factor

When it comes down to deciding how to move forward with finding a place to call home (even if it just temporary), it may be a difficult decision. Renting or Buying? Not sure where you fit? Let TAN show you how! Get TANgible advice that makes sense! Got Questions? Talk to TAN now!

CMHC Canada to Increase Mortgage Insurance Premiums

OTTAWA, February 28, 2014 — Following the annual review of its insurance products and capital requirements, CMHC Canada will increase its mortgage loan insurance premiums for homeowner and 1 – 4 unit rental properties effective May 1, 2014. The increase applies to mortgage loan insurance premiums for owner occupied, self-employed and 1-to-4 unit rental properties, […]

Average GTA House Price Hits $547,107 As Market Starts To Thaw

The Toronto real estate market is showing signs of stirring from its deep freeze, with new listings starting to pick up — and an almost 8 per cent spike in prices — as of mid February, year over year, according to figures released Wednesday. Some 2,767 properties were sold during the first two weeks of […]

February 2014 GTA REALTORS® Release Mid-Month Resale Housing Figures

TORONTO, February 19, 2014 — Toronto Real Estate Board President Dianne Usher announced that “sales growth has rebounded so far in February after a slow start to the year in January. While new listings were still down in comparison to last year, the annual rate of decline was less than experienced last month. This may […]

10 Worst Home Upgrades For Resale

Some renovation upgrades, such as kitchens and bathrooms, are usually fairly reliable for adding to a home’s resale value. But there are others (and if you’ve gone house-hunting in the last few years, perhaps you’ve seen a few) that are just plain bone-headed. What’s worth the cost and what isn’t? What home upgrades are least […]

Royal LePage expects Sellers’ Market In 2014 After Year Of Sluggish Sales

After home sales ramped up late in 2013, Canada’s housing market should continue to favour sellers for the first part of 2014 before balancing out for the rest of the year, Royal LePage says. In a report released Thursday, the agency pins its optimism on robust housing sales in late 2013 after a year-long “correctional […]