Real Estate News

Toronto Area Home Prices Tick Upward In September

Toronto Area Home Prices Tick Upward In September

The Toronto-area housing market continued to make modest year-over-year price gains in September, with the average selling price across all housing types, from detached homes to condos, up 2.9 per cent to $796,786. While higher borrowing costs and tougher mortgage qualification rules have kept sales levels off the record pace in 2016, many households remain positive about home ownership as a quality long-term investment. Looking forward, the real challenge in the housing market, as the Greater Toronto Area population continues to grow, will be supply rather than demand. When you are ready for my help, I'm here! I can be reached at 416-949-1684 or you can visit me at http://www.stevemoranhomes.com […]

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Home Prices Rise Against Tighter Supply In August

Home Prices Rise Against Tighter Supply In August

August appears to have cemented the Toronto region's real estate recovery, with average resale home prices up 4.7 per cent year-over-year to $765,270. Inventory of homes available for sale continues to be very low. Looking forward, buyers who are shopping for a home could be faced with higher prices if demand continues to accelerate over the next year, which is expected. When you are ready for my help, I'm here! I can be reached at 416-949-1684 or you can visit me at http://www.stevemoranhomes.com […]

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Home Sales And Prices Rise in Toronto Region in July

Home Sales And Prices Rise in Toronto Region in July

In a sign that the Toronto area real estate market is in recovery mode, year-over-year resale home prices and sales rose for a second consecutive month in July. It appears that some people who initially moved to the sidelines due to the psychological impact of the Fair Housing Plan and changes to mortgage lending guidelines have re-entered the market. Looking forward, the higher home sales so far this summer appear to signal a stronger second half of this year that the real estate board and industry executives have been predicting. When you are ready for my help, I'm here! I can be reached at 416-949-1684 or you can visit me at http://www.stevemoranhomes.com […]

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Toronto Home Prices Inch Up in June

Toronto Home Prices Inch Up in June

Toronto’s housing market is showing signs of stability after enduring a months-long slump in the wake of new mortgage rules and provincial policies designed to cool off rising prices. Both home sales and average prices showed slight year-over-year gains in June. The upward movement is a sign that buyers and sellers are starting to move back into the market however there still isn’t much movement in terms of listings. As we move forward and continue to see improved sales, we are going to see upward pressure on home prices if we don’t see a lot of movement on the inventory front. When you are ready for my help, I'm here! I can be reached at 416-949-1684 or you can visit me at http://www.stevemoranhomes.com […]

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Toronto Home Sales Slump As Buyers And Sellers Wait On Sidelines - Can I Call You Today?

Toronto Home Sales Slump As Buyers And Sellers Wait On Sidelines - Can I Call You Today?

Home sales tumbled 22 per cent last month in the Greater Toronto Area, compared with May, 2017 and new listings of homes for sale declined 26 per cent, both signals that many people are still on the sidelines waiting to see if the region is heading toward stability or more volatility. The decline in listings is helping to keep prices stable despite weak sales. Looking forward, I expect market conditions to become tighter in the Greater Toronto Area, and this will provide support for home prices as we move through the second half of 2018 and into 2019. When you are ready for my help, I'm here! I can be reached at 416-949-1684 or you can visit me at http://www.stevemoranhomes.com […]

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Toronto Home Prices Show Signs of Stability - Can I Call You Today?

Toronto Home Prices Show Signs of Stability - Can I Call You Today?

Toronto's housing market continued to show signs of stabilizing in April, but sale prices remain below the record levels hit last spring. The average home sold for $804,584 in the Greater Toronto Area in April, a 12 percent drop from April last year, when the market hit a record peak before beginning a steep slide in May. Looking forward, I expect the market will see a moderate increase in home prices in the second half of 2018, especially for the condominium sector. When you are ready for my help, I'm here! I can be reached at 416-949-1684 or you can visit me at http://www.stevemoranhomes.com […]

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Toronto Home Prices Show Signs of Rebound - Can I Call You Today?

Toronto Home Prices Show Signs of Rebound - Can I Call You Today?

House prices in the Toronto area continued to show signs of stabilizing in March. The average price for all housing categories in the Greater Toronto Area was $784,558 in March, up 2.2 per cent compared to February this year, driven by modest growth in detached home prices. Looking forward, I expect the annual rate of price growth to improve in the second half of the year as sales increase relative to the below-average level of listings. When you are ready for my help, I'm here! I can be reached at 416-949-1684 or you can visit me at http://www.stevemoranhomes.com […]

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Toronto Home Prices Climb in February -  Can I Call You Today?

Toronto Home Prices Climb in February - Can I Call You Today?

Average home prices in the Toronto region climbed more than 4 percent last month as buyers began to absorb the impact of tougher mortgage qualification rules introduced in January. As we move further into the spring and summer months, I expect that growth in sales and selling prices will pick up relative to last year. When you’re ready for my help, I'm here! I can be reached at 416-949-1684 or you can visit me at http://www.stevemoranhomes.com […]

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Toronto Home Sales Fall Sharply in January - Can I Call You Today?

Toronto Home Sales Fall Sharply in January - Can I Call You Today?

Home sales in the Toronto region fell 22 per cent in January compared to the booming market a year ago, but the condominium sector remained strong. I expect that home sales and price growth will climb again in the second half of 2018 as the market shakes off the dampening effect of last year’s housing market reforms, and it absorbs new policies such as the mortgage stress test rules that took effect January 1, along with higher interest rates. When you’re ready for my help, I'm here! I can be reached at 416-949-1684 or you can visit me at http://www.stevemoranhomes.com […]

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GTA Home Prices Cap Tumultuous Year with Small Gain in December - Can I Call You Today!

GTA Home Prices Cap Tumultuous Year with Small Gain in December - Can I Call You Today!

The Toronto area home prices ended 2017 with a gain of less than 1 per cent from a year earlier, wrapping up a tumultuous year marked by an early boom followed by a sharp correction. The foreign buyer tax introduced in April had a psychological impact on the marketplace, even though foreign home buying wasn't a major driver of sales in Toronto. Looking forward, government policy could influence consumer behaviour in 2018, as changes to mortgage lending guidelines come into effect. When you’re ready for my help, I'm here! I can be reached at 416-949-1684 or you can visit me at http://www.stevemoranhomes.com […]

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