Life and the City | Toronto Real Estate Team

The average sale price across the GTA came in at $804,584 last month in April, which was down 12.4% compared to the same time last year but 8.8% higher than it was two years ago. Keep reading to see more notable stats for the GTA market in April - and what they mean - in our April 2018 Market Update!

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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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In 2017, Canada posted year-over-year residential price gains across most regions. Now in 2018, many housing markets could see reduced purchasing power resulting from the new OFSI mortgage rules that took effect on January 1st. If you’re among the 37 per cent of Canadians who are not aware of the change in mortgage rules and how they might affect them, read on...

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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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A wave of new listings in the Toronto area pushed home prices even lower in November, as sellers rushed to lock in deals in advance of the new mortgage qualification rules, which are set to take effect in the new year. Continue reading to learn more about the November real estate market.

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By now, you've undoubtedly heard about the latest mortgage lending restrictions that were recently announced by the Office of the Superintendent of Financial Institutions (OSFI). Here is an overview of what these changes mean, and how they will impact buyers in 2018.

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The September real estate market saw some dramatic changes in certain GTA neighbourhoods, while others are still doing very well. Overall, current conditions represent the perfect opportunity for a buyer to find a home they fall in love with AND negotiate with the seller one-on-one - a major shift from trends eariler this year. Here is a summary of other significant real estate milestones and notable stats for August 2017.

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Last month in August, we saw a slight decrease in the average sale price for all property types, yet the number of sales increased by 7.4%. The average sales price for a detached home also dipped below the $1mill mark again. Here is a summary of other significant real estate milestones and notable stats for August 2017.

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