Life and the City | Toronto Real Estate Team

Last month in March, we saw a considerable year-over-year shift in both sales numbers and inventory. Numerous factors including the new mortgage stress test requirements, a modest increase in mortgage rates and lower sales of higher-priced luxury homes across the GTA influenced these results.

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This is the time of year when many homeowners and prospective buyers look to the sales trends in their neighbourhoods and in areas throughout the city in the past year, to understand what's been happening in the market and where it may be headed in the year to come. The infographic in this post provides a snapshop of the 2017 Toronto real estate market.

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This past year, we saw a considerable shift in the sales-to-prices ratio as a number of major factors came into play. The number of total sales decreased by 18% in 2017, while the final average for the entire year came out to a 12.7% increase over 2016's numbers. Conditions in the Toronto area remained on trend last month, with a higher than typical number of new listings, remaining very moderately in seller's market territory. Continue reading our December 2017 GTA Market Update to learn more...

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The newly-released 2018 RE/MAX Housing Market Outlook Report looks back at Canadian housing market trends in 2017 and outlines which trends we will likely see in the year ahead. Continue reading to see the GTA Housing Market Report and the full 2018 RE/MAX Housing Market Outlook Report.

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The phrase “family-friendly condo” was once an oxymoron; Toronto's condo dwellers used to be a fairly equal mix of first-time buyers and empty-nesters. But as more young families are choosing to live downtown, or close to it, this emerging housing segment is a significant change that has been noted by building developers and City planners alike.

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If you have school-aged kids, deciding on whether to move, and what area to move to, often comes down to the schools that your children attend. As such, determining the best school districts can be one of the most important considerations for families when hunting for a new house. But how do you know where the top-rated schools are located?

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