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Toronto bidding wars turn to homebuyers’ remorse as market gets nervous

Toronto bidding wars turn to homebuyers’ remorse as market gets nervous

Toronto bidding wars turn to homebuyers’ remorse as market gets nervous Toronto’s hot housing market has entered a new phase: jittery. After a double whammy of government intervention and the near-collapse of Home Capital Group Inc., sellers are rushing to list their homes to avoid missing out on the recent price gains. The new dynamic […]

Toronto Real Estate Agents Are Losing Their S**T Over These Charts

Toronto Real Estate Agents Are Losing Their S**T Over These Charts

Earlier this week we saw a piece on the divergence of supply and demand in Toronto’s detached market. A number of real estate agents sent us some hate mail to say a couple of months doesn’t mean anything, along with some not so cute nicknames for us. Then I saw institutional investment advisor (and one […]

A Housing Market Analogy

A Housing Market Analogy

A Housing Market Analogy. In its first release since Ontario’s new housing plan, TREB releases Toronto market stats and provides update on influence of foreign buyers and short-term speculators. A total of 11,630 homes were sold in the GTA in April, down 3.2% year-over-year. New listings, meanwhile, were up 33.6%, according to the Toronto Real […]

GTA house goes for $400,000 over asking: ‘It was like a rock concert’.

GTA house goes for $400,000 over asking: ‘It was like a rock concert’.

GTA house goes for $400,000 over asking: ‘It was like a rock concert’. About 800 people viewed the property over three days, eventually selling for $1.1 million. A Vaughan home that sold for $400,000 over the asking price this week drew so many viewers that people lost their shoes at the open houses. It’s not […]

First-time home buyers to get $4,000 land transfer rebate

First-time home buyers to get $4,000 land transfer rebate

Finance Minister Charles Sousa is giving first-time home buyers a land transfer tax rebate of up to $4,000. Sousa used Monday’s fall economic statement to announce the tax break for eligible purchasers is being doubled from $2,000. The treasurer said the measure – funded by hiking rates on houses selling for more than $2 million […]