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Home Sales surge in October

Wednesday Nov 13th, 2019

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Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 8,491 residential sales through TREB's MLS® System in October 2019. This result represented a 14 per cent increase compared to 7,448 sales reported in October 2018. GTA-wide, sales were up on a year-over-year basis for all major home types. The trend of annual growth in sales versus annual decline in new listings continued in October 2019, with new listings down by 9.6 per cent compared to October... [read more]

Home Sales fall sharply in January

Wednesday Feb 14th, 2018

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    Home sales in the Toronto region fell sharply in January compared to the booming market a year ago, but the condominium sector remained strong as buyers chased a declining number of available units listed for sale. Number of homes sold in the Greater Toronto Area fell 22 per cent in January compared to a year ago as the volume of new listings climbed by 17 per cent. The number of active listings at the end of the month rose 136 per cent compared to the same time last... [read more]

Foreclosure v.s. Power of Sale

Tuesday Dec 27th, 2016

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In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a “foreclosure” on their property. In today’s market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears. Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure. What is a Foreclosure? Foreclosures are laborious, grueling, and costly to both the... [read more]

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