The Income Required to Purchase a Home in Toronto

Real Estate News

By: Zoocasa Are you interested in buying a home in Toronto? If so, you’ll need to be among the top bracket of income earners, according to a recent report by Zoocasa. The report states that only the top 10% of income earners can afford to purchase a house in Toronto, at a benchmark price of $873,100. […]

May 15, 2019

Real Estate Sales Heating Up for Spring – April TREB Report

Real Estate News

By: Zoocasa After a prolonged dip in real estate sales, the Toronto Real Estate Board (TREB) is happy to report that sales are beginning to increase within the Greater Toronto Area. Houses for sale in Toronto jumped by 11.3% since March, while year-over-year home sales have increased by 16.8%. Toronto’s real estate market conditions have slightly increased towards […]

May 13, 2019

Here’s What You’ll Pay to Live Close to a GO Train Stop

Real Estate News

By: Zoocasa Living walking distance to your office isn’t an option for most who work in the downtown core anymore. It’s a question of affordability: the average property in Toronto central now goes for about $1.3 million, while condos are almost $600,000. Many residents are now choosing instead to live within commuting distance to the city. […]

April 15, 2019

Toronto Experiences Slower Condo Market in March

Real Estate News

By: Zoocasa Condo sales posted unusually weak price gains this March, rising only 2 per cent year over year, says a recently released report by the Toronto Real Estate Board. It’s surprising because since new mortgage regulations came into effect on January 1, 2018, condo prices have been the darling of the Toronto real estate market, […]

April 10, 2019

Which Condos are Toronto’s Most Expensive?

Real Estate News

By: Zoocasa While the weight of the Ontario Fair Housing Plan and the mortgage stress test resulted in 2018 being one of the worst years in recent record for the Toronto real estate market, condos saw a boost in popularity among home buyers. While the average home price fell 4.3% to $787,300 over the year, the average […]

March 8, 2019

905 Housing Market Sales Stable in January

Real Estate News

By: Zoocasa All property types posted price gains in the 905 region this January, according to the latest report from the Toronto Real Estate Board (TREB). Detached house prices rose 0.9 per cent to $883,000, semi-detached 1.8 per cent to $650,750, townhouses 2.1 per cent to $600,500 and condos 8.2 per cent to $456,860.

February 8, 2019

Is Ontario Almost Entirely a Sellers’ Market?

Real Estate News

By: Zoocasa Ontario is either almost entirely advantaged toward the seller, or balanced, according to the latest data from Zoocasa. That means the sales-to-new listings ratio (SLNR) exceeds 60 per cent in 12 Ontarian cities. A sales-to-listings ratio of 40 to 60 per cent is considered balanced, and below that range it becomes a buyers’ market. […]

January 2, 2019