June 2021 Market Report

By: Harjit Saini and Harvey Singh

June 2021 Market Report

Tags: June Market Report, Home, Harjit Saini, Harvey Singh

June house sales increased over the previous year, although they remained below the March 2021 peak and were lower than the number of transactions reported in May 2021, as expected. In June, the average selling price grew by double digits over the previous year, but the yearly rate of gain slowed from the previous three months. In June 2021, Greater Toronto Area REALTORS® reported 11,106 sale...Read More

May 2021 Real Estate Market Report

By: Harjit Saini and Harvey Singh

May 2021 Real Estate Market Report

Tags: Real Estate Market Report, harjit saini, harvey singh

In May 2021, the number of residential transactions reported by TRREB's MLS® System remained strong, but dropped short of the 2016 high and dipped below this year's March peak. Despite a minor drop in sales in the prior two months, market conditions were tight enough in May to propel the average selling price to an all-time high. Greater Toronto Area REALTORS® reported 11,951...Read More

By: Harjit Saini and Harvey Singh

Foreign Buyer Tax

Tags: Foreign Buyer Tax

Overview The NRST is a 15 per cent tax on the purchase or acquisition of an interest in residential property located in the Greater Golden Horseshoe Region (GGH) by individuals who are not citizens or permanent residents of Canada or by foreign corporations (foreign entities) and taxable trustees. The NRST applies in addition to the general LTT in Ontario. The GGH includes ...Read More

By: Harjit Saini and Harvey Singh

APRIL 2020 REAL ESTATE MARKET REPORT

Tags: House for Sale, Real Estate Market Report

TORONTO, ONTARIO, May 5, 2020 – Toronto Regional Real Estate Board President Michael Collins released the following key housing market statistics for April 2020: Home Sales and Listings Greater Toronto Area REALTORS® reported 2,975 residential transactions through TRREB’s MLS® System. This result was down by 67 per cent compared to April 2019. Weekday sales remained with...Read More