NEWS

Home prices dropped slightly in March — but don’t expect a buyers’ market anytime soon

Despite a slight dip in month-over-month sale prices, it is still a tight sellers’ market, says the Toronto real estate board.

By Tess Kalinowski

BANK OF CANADA INCREASES POLICY INTEREST RATE

The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %.

OCTOBER HOME SALES DOWN 7%, NEW LISTINGS FELL BY 34% FROM LAST YEAR

Prospective homebuyers in the Greater Toronto Area found dramatically fewer homes on the market last month than they did a year ago, pushing sales down and prices up.

By TARA DESCHAMPS

TORONTO REAL ESTATE BOARD SAYS HOME PRICES HIT RECORD IN 2020 AS SALES CLIMBED​

TORONTO - The Toronto Real Estate Board says the average price of a home sold last year hit a new record as the number of sales climbed 8.4 per cent compared with 2019.By The Canadian Press

HOME SALES HIT ALL-TIME RECORDS IN MANY CANADIAN CITIES AMID HOLIDAY SHUTDOWNS​

With malls closed over the holidays in many places due to the pandemic, it seems Canadians went shopping for houses instead.By DANIEL TENCER

Toronto home price increase slows in March as borrowing costs rise

Toronto home prices reached another record high in March, but the pace of price increases has started to slow across the region.

By GRAEME ROY

Toronto home prices rise 22% to record high as supply vanishes

With interest rate hikes looming, buyers eager to get into the market now

By Ari Altstedter

WHAT AN END TO BLIND BIDDING FOR REAL ESTATE COULD LOOK LIKE

Majority supported elimination of blind bidding for property in a recent poll commissioned by CBC News.

By Tiffany Foxcroft

TORONTO AREA HOME PRICES SET A NEW RECORD IN 2020 AS THEY SOAR BY 13.5%​

Despite the pandemic’s punch to the region’s economy in 2020, the average selling price of a home in the Toronto area hit a record high last year of $929,699.

By TESS KALINOWSKI

DECEMBER CAPS OFF 2020 AS THIRD BEST YEAR ON RECORD FOR GTA HOME SALES​

Despite the abrupt drop-off in housing demand this past spring due to COVID-19, real estate activity soared to record-breaking levels throughout the summer and fall to cap off

By AINSLEY SMITH

Ontario to allow new home sales tactic that would change the bidding process

The Ontario government is introducing new real estate regulations that would allow home sellers to share bids on their property and disclose the details of competing offers.

By Katherine DeClerq

Toronto region home sales top Nov. record, prices reach all-time high: TRREB

The Greater Toronto Area's heated real estate market further intensified last month as home sales topped a November record and average selling prices reached a new all-time high.

By TARA DESCHAMPS

TORONTO HOME PRICES HIT NEW RECORD WITH SUPPLY AT ‘CRITICAL JUNCTURE’

Housing affordability in the Greater Toronto Area went from bad to worse in September as prices surged and supply plunged.
By Michelle Zadikian

TORONTO'S HOUSING MARKET SAW A HOT SEPTEMBER

Toronto’s housing market is heating up, with resales climbing for the first time in five months as “fierce” competition for houses in the suburbs pushes prices higher.

By RACHELLE YOUNGLAI