I know what you’re thinking: “That can’t be true.” And it is, even though it isn’t. Because for any property that comes onto the market without an actual offer date posted on MLS, the offer date, is now. The offer date is asap, because properties are selling in mere minutes. We’re two months into 2017, and this is the craziest market I have ever seen… I was going to try to avoid delving into the “big... [read more]

The Greater Toronto Area's real estate market is off to a very hot start in 2017.  The table below shows the average price for a detached house in January 2016 vs 2017 for every municipality in the GTA. Aurora tops the list as the hottest neighbourhood where prices increased 55% from $914,061K in January 2016 to $1,415,649 last month.  Newmarket saw a 52% increase in the price for a detached home and five other municipalities saw prices climb over 40%. It's... [read more]

Read it and weep, prospective Toronto home buyers. Economists don't see the red hot real estate market cooling off anytime soon. After initially estimating a jump of 10 to 15 per cent in Toronto house prices over 2017,TD Economics now puts that number at 20 to 25 per cent. The updated figures follow a sizzling start to the year that's witnessed 22 and 28 per cent increases in January and February respectively. According to TD... [read more]