Blog

The Canadian Mortgage & Housing Corp. (CMHC) CEO, Siddall said the pandemic has exposed “long-standing vulnerabilities” in Canadian financial markets. The new CMHC rules will limit the debt exposure to first time home buyers by enforcing banks to bound to the standard 35/42 GDS (home mortgage, taxes and utilities, against the borrower’s pre-tax inc...

Market reports an increase of 16.7% on the average residential sale price reported for this February (TRREB, 2020) at $910,290, in comparison to the average sale price of $779,791 last February 2019, indicating strong signs of growth during Q1. Inventory remaining low and maintaining a competitive playing field for buyers. 

We've been hearing and seeing a lot about how much the Toronto Real Estate market has been increasing over the last year. Within our industry and among our colleagues, we are seeing multiple offers and bidding wars. Well how much has it really gone up? Let's take a closer look at this year in comparison to last year (2019).