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December 2018 Market Watch

January 7th, 2019

December and 2018 Annual Statistics Released

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported a total of 77,426 residential transactions through TREB's MLS® System in 2018. This result represented a 16.1 per cent decline compared to 92,263 sales reported in 2017. Total new listings entered into TREB's MLS® System were down by 12.7 per ce ...

Latest Done Deal in the Globe & Mail - 49 Lynndale Road

January 2nd, 2019

High bid halts showings of custom home on Toronto lakefront golf course

49 Lynndale Rd., Toronto

Asking price: $1,798,000

Selling price: $1,835,000

Taxes: $7,280 (2018)

Days on the market: Five

Listing agents: Nigel Denham and Robert Nelson, Sotheby’s International Realty Canada


The Action

There were daily private showings of this custom-built two-storey home with an attached garage o ...

November 2018 Market Watch

December 5th, 2018

GTA Realtors Release November Stats.

Toronto Real Estate Board President Garry Bhaura announced the continuation of moderate price growth in November 2018 compared to November 2017. The MLS® Home Price Index (HPI) Composite Benchmark was up by 2.7 per cent year-over-year. The average selling price was up by 3.5 per cent year-over-year to $788,345.

Greater Toronto Area REALTORS® reported 6,251 ...

October Market Watch

November 5th, 2018
GTA Realtors Release October Stats

Greater Toronto, November 5, 2018 – Toronto Real Estate Board President Garry Bhaura announced year-over-year increases in home sales and average sale prices reported through TREB’s MLS® System in October 2018.

Greater Toronto Area REALTORS® reported 7,492 sales through TREB’s MLS® System in October 2018 – a six per cent increase compared to October 2017. ...

What is Title Insurance?

November 1st, 2018

WHAT IS TITLE INSURANCE?

When I meet with my clients to sign the documents for the purchase closing, I am often asked, “What is title insurance and why do I need it?”.  This column will discuss title insurance and its benefits for homebuyers.

Title insurance is an insurance policy that protects your title or ownership to the property. Unlike other forms of insurance, title insurance is ...

Latest Done Deal in the Globe and Mail - 237 Cranbrooke Ave

October 29th, 2018

Sellers pocket $101,000 premium for Toronto house with 'little bonuses’


237 Cranbrooke Ave., Toronto

Asking price: $1,649,000

Selling price: $1.75-million

Previous selling prices: $695,800 (2007); $550,000 (2005); $386,000 (1998)

Taxes: $6,497 (2017)

Days on the market: Nine

Listing agents: Rob Nelson and Nigel Denham, Sotheby’s International Realty Canada

The Action

In June, house hun ...

Market Watch - September 2018

October 3rd, 2018
GTA Realtors Release September Stats

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 6,455 sales through TREB's MLS® System in September 2018 – up 1.9 per cent compared to September 2017. The average selling price for September 2018 sales was up by 2.9 per cent over the same period to $796,786. The MLS® HPI composite benchmark price was ...

Understanding the Occupancy Closing

October 3rd, 2018

Understanding the Occupancy Closing

If you have purchased a brand-new condominium from the builder, it is likely that your pre-construction builder Agreement of Purchase and Sale will provide for two closings – an interim occupancy closing and following that, a final closing. This column will examine the interim occupancy closing.

The interim occupancy closing is the date when you obtai ...

August Market Watch

September 6th, 2018
GTA Realtors Release August Stats

Toronto Real Estate Board President Garry Bhaura announced sales and price increases on a year-over-year basis in August. Greater Toronto Area REALTORS® reported 6,839 sales through TREB's MLS® System in August 2018 – an 8.5 per cent increase compared to August 2017.

Both the average selling price, at $765,270, and the MLS® Home Price Index Composite Bench ...

Ensure You're in the Clear: Tax Court Decision Serves as a Warning to Home Buyers

September 4th, 2018
Perhaps you’ve heard the story of the man who was in the hospital in a coma for several weeks. His wife was by his side the entire time. After waking up, his eyes filled with tears and he said to his wife: “Dear, you’ve been with me through so many bad times. When I broke my leg, you were by my side. When I lost my job last year, you were there. When our life savings disappeared, you stood by ...
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