Monthly Archives: August 2019

TREB July 2019

GTA Home Sales Jump in July as Supply Falls: TREB

By: Zoocasa

The GTA housing market experienced robust activity in July, as more prospective home buyers tapped into the market while new listings declined compared to July 2018.

The Toronto Real Estate Board (TREB) reported a total of 8,595 transactions over the course of July, marking a 24.3% year-over-year increase. Meanwhile, the number of new listings brought to market increased by a mere 3.7%. Buyers now find themselves on the edge of a sellers’ market, with a sales-to-new-listings ratio (SNLR) of 59%. This ratio, which measures the level of competition in a given market, is up by 10% from July 2018. This shows that there is an expanding supply and demand gap resulting in a 3.2% increase in average home prices, now reported at $806,755.

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Toronto Property Tax

What Are The Highest and Lowest Property Tax Rates in Ontario?

By: Zoocasa

Windsor residents pay the highest property tax rate in Ontario, according to a new report by Zoocasa, an online real estate brokerage.

Zoocasa ranked 35 cities in the province based on publicly available tax rate information, and found that Windsor, a small city in southwestern Ontario right beside the Detroit border with a population of just 233,800, pays at a rate around 1.79%.
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