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Market Update for Jan 20th
The Canadian rental market showed little signs of cooling down as 2022 came to a close. Average national rent remained above the $2,000 mark in December, for the second straight month, and the story was similar in the majority of local markets. This is according to a...
Market Update for January 13
All Toronto residential property owners must submit a declaration of their property’s 2022 occupancy status by February 2, 2023. A property is considered vacant if it was not used as the principal residence by the owner(s) or any permitted occupant(s) or was...
Market Update for January 6th
Even fast-rising mortgage rates couldn’t stop the rise of Toronto real estate prices in 2022.The average selling price of all GTA homes was up 8.6% or $1,189,850 in 2022, up from $1,095,333 in 2021, the Toronto Regional Real Estate Board (TRREB) reported. For the City...
Market Update for Dec 16th
Developers are hitting the brakes. Pandemic buyers are panicked as appraisals come up short. Is this the end of Toronto’s condo mania? A pre-construction condo in the GTA was a safe way to invest and gain equity. Indeed, for a decade this seemed like a solid bet....
Market Update for Dec 9th
Rising rates hits hardest at detached and semi-detached house prices. Less expensive condos and townhomes held their value better in November than costlier detached and semidetached houses in the Toronto region, as home sales declined across all categories with higher...
Market Update for Dec 2nd
Since Ontario Premier Doug Ford was first elected four years ago, developers have paid tens of millions of dollars for a number of properties that include protected lands the province is now proposing to carve out of the Greenbelt. As recently as September of this...
Market Update for Nov 25th
CREA steps back on a controversial new policy about exclusive home sale listings. In the wake of a torrent of negative feedback, the Canadian Real Estate Association (CREA) has suspended its new policy requiring home sellers to list their properties on the Multiple...
Market Insight for October 28th
Ontario Hikes Foreign Buyer Tax to 25%, Highest in Canada effective immediately The government of Ontario announced that effective immediately its foreign buyer tax would be hiked to 25% — the highest such tax in Canada. The Non-Resident Speculation Tax, which aims to...
Market Update for October 21
Despite rising interest rates leading to a decline in new condo sales, Toronto has the highest number of operating tower cranes in North America, a new report by property and consultancy firm Rider Levett Bucknall shows. Toronto had 230 active cranes in the sky in the...
September Market Snapshot
Bosley Real Estate has released the quick market snapshots for the month of September, covering both the City of Toronto and the Greater Toronto Area. The September market snapshot for the Greater Toronto Area: Download the PDF here. The September market snapshot for...