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Found 18 blog entries tagged as "toronto".

As the first month of the New Year comes to an end, we get a glimpse into 2021 and what the Toronto housing market has in store. Despite the cold weather, January came in hot with a total of 6,928 monthly transactions, representing a year-over-year increase of a whopping 52.4% in sales.

While this number might seem big, we have to consider that real estate activity, particularly over the last few months, has been abnormal. For example, as stated in our market update for November 2020, a record number of homes were sold in October which represented a 25.1% increase from the previous year. This trend continued into November and December to close out the year.

RELATED: Toronto Housing Outlook 2021

Interestingly, the number of sales wasn’t the…

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With 2020 now behind us, we look forward to 2021 and what is expected to be a more “normal” year for Toronto real estate. While we can’t be certain exactly what this year has in store, we can predict based off recent trends what is likely to happen.

According to a recent Royal LePage report, home prices are expected to rise in 2021, building on the unexpected growth experienced this year despite the pandemic. The report forecasts a 5.5% increase in the average sale price of Toronto homes, driven by a shortage of properties for sale and record low interest rates.

RELATED: Toronto Housing Year In Review 2020

The report also suggests that the aggregate price of a home nationwide is set to rise year-over-year to $746,100. The median price of a…

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The 2020 Toronto housing market has been anything but ordinary. What was originally predicted to be a record breaking year for real estate turned into a year full of uncertainty due to COVID19.

Here’s a look at the how the Toronto real estate market changed this year as a result of the pandemic, and what we can expect moving forward.


 

Adjusting to COVID

Before the pandemic hit in mid-March, the Toronto housing market was on pace for its best year yet. But as the province shut down everything came to a halt, leaving many to wonder how the real estate market would adapt.


The Toronto Real Estate Board urged its members not to hold open houses. As a result, Realtors rapidly ramped up technology to allow virtual showings. People were…

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The weather may be getting cooler, but the Toronto housing market continued its hot streak in October with another record breaking month. Competition between buyers, particularly of single family homes, remained strong and continued to support double-digit annual growth in many neighbourhoods.

RELATED: 5 Essential Tips For First-Time Homebuyers

 

 

According to the latest TRREB report, a total of 10,563 homes were sold in October, which is a record level for the month and up by 25.1% from the 8,445 transactions made in October 2019.

TRREB also reported that the average selling price for a home in the city climbed to $1,025,925. Semi-detached Toronto homes averaged $1,154,087, and detached Toronto homes are 11.2% higher than this time…

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Just one walk through Roncesvalles and you’ll immediately know there is something special about this neighbourhood. Bordered by Queen, Bloor, Parkside and Lansdowne, Roncesvalles is home to a variety of young professionals, new parents, and seniors who have called it home since emigrating from Europe. It is one of the hottest neighbourhoods in Toronto, and it’s very easy to see why.

 

 

Living In Roncesvalles

Known for its European ambience and small-town feel, Roncesvalles is popular with those who appreciate the convenience of living close to the city without being in the city. This neighbourhood is filled with many family-owned cafes, shops, boutiques and outdoor food markets that line the streets. Close proximity to Toronto’s High…

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Toronto’s housing market experienced another month where sales and prices hit record highs, even as COVID-19 cases increased and the Canada Emergency Response Benefit (CERB) wound down.

According to the Toronto Regional Real Estate Board (TRREB) the average selling price of all homes in September was $960,772, up 14% from the same time last year. Sales were also up last month by 15% compared to last year, while average days on market dropped 30.4% to 16.

Pent up demand was once again considered the catalyst for another record month, combined with low interest rates.

The average price of a condo in the city rose to $593,497, up 7% from September last year. In comparison, sales of semi-detached houses were up by 49%, townhouses increased by…

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The High Park neighbourhood is home to a wide range of houses, activities, and people. At its centre is the neighbourhood’s namesake, a mixed recreational and natural park with sporting facilities, cultural & educational facilities, gardens, playgrounds and even a zoo. Located just west of Toronto’s downtown core, High Park is the perfect spot for anyone who’s ever wanted ‘it all’.

 

 

Homes In High Park

High Park is mainly residential, containing many single-family homes on mature tree lined streets. Houses in the area are typically Victorian, Edwardian, and Tudor-style homes from the late 1800s and early 1900s, some of which have been converted into multiple-family dwellings. Many retain the leaded glass, hardwood trim & flooring, and…

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After coming to a near halt in the spring due to COVID19, Toronto home sales have surged this summer hitting another record high last month.

According to TRREB, the average selling price of a home in the GTA rose 20% year-over-year in August to $951,404, up $7,738 from July’s average. The average selling price for a home in the city was $1,012,506, up a whopping 24% from the year before.

Average home sales weren’t the only thing to experience a boost in August. The number of transactions also soared to a record 10,775 sales, marking a 40.3% year-over-year increase in the GTA.

RELATED: Is Now A Good Time To Buy A Home?

This was the result of pent up demand after the pandemic stalled the market in spring. Homebuyers and sellers are playing…

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Situated close to some of Toronto’s finest green spaces and natural bodies of water, Swansea is one of the city’s most unique residential neighbourhoods. It is the only Toronto neighbourhood to have its own community run Town Hall, and also the only one to have a lake, river and pond as its natural boundaries. With all the charm of a small town and close to some of the city’s best schools, this family-oriented community is an excellent place to raise a family.

 

Homes in Swansea

Swansea features a fantastic mix of semi-detached and single family homes. Most homes were built between 1905 and 1935 and have undergone remodelling, giving them a contemporary feel while still retaining many of the heritage details that make them unique.

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Located between Runnymede and Jane just north of Bloor, Bloor West Village is an excellent destination for living, shopping, dining and much more. With its strong family-oriented community and close proximity to excellent schools, Bloor West Village is particularly popular among families looking to stay close to the city, but in an area with a distinct community feel. And the fact that it’s located within walking distance to Toronto’s High Park only makes it that much better.

 

Homes in Bloor West Village

Homes in this area are all fairly similar in size and style, having been built in a relatively short period of time between 1912 and 1923. Here you will find mainly semis and detached homes, with modern improvements and upgrades.

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