January 6, 2014 - The Toronto Real Estate Board today released the December, 2013 residential resale sales figures which showed that, despite some relatively slow months earlier in the year, the overall number of sales transactions for 2013 rose about two percent compared to 2012. The average sale price for the year as a whole was $523,036, up 5.2% from 2012. As for the year-over-...Read More

    December 4, 2013 - Realtors® in the Greater Toronto Area today reported residential sales statistics for November, 2013, showing a continuation of the recent trend, namely, rising prices and sales, combined with shrinking inventory, based on year-over-year comparisons. Toronto and GTA Bungalows continue to be a particularly hot commodity. The number of homes sold was up for al...Read More

    November 6, 2013 - The Toronto Real Estate Board's October, 2013 Sales Statistics are out and show that the Greater Toronto Area residential real estate market continues to rebound very strongly both in terms of units sold and average prices. Numbers were up across the board for both sales and prices, with the exception of the number of sales of semi-detached homes in the 416 ...Read More

    October 3, 2013 - The Toronto & GTA real estate market continued to roll along in September, according to the sales figures released today by the Toronto Real Estate Board. The 7,411 residential units sold represented a 30% increase versus September, 2012. All housing types - in both the 416 and the 905 - showed strength. In fact, virtually the only numbers that "dropped&...Read More

    September 5, 2013 - The Toronto Real Estate Board today released the August, 2013 sales figures which reflect continued strength in terms of both units sold and average prices compared to August, 2012, continuing the trend of recent months. The overall average price rose 5.4% to $503,094 year-over-year, but was off 1.9% compared to July. Active listings actually fell 1.3% versus ...Read More

    August 2, 2013 - Residential sales figures released today by the Toronto Real Estate Board show a continuation of the market's stronger performance in June as compared to previous months. Numbers were very strong in July, particularly in the "Freehold" sectors of the market [e.g. Detached, Semi-Detached & Freehold Townhomes]. The Condo Apartment market also showe...Read More

    July 4, 2013 - The Toronto Real Estate Market continues to hold up relatively well overall, as reflected by the June, 2013 sales figures released today by the Toronto Real Estate Board. The number of units sold in June was relatively unchanged from the same month a year earlier. 9,061 transactions were reported this June, compared with 9,129 in June 2012 - a 0.7% decrease. Sales w...Read More

      Our resident Retirement Consultant, Jim Otar, answers... This was the question Rita, my better half, asked me 12 years ago. At first, I told her, “Don’t worry, I am the financial planner in this family, leave it to me”, I continued with confidence, “after all, our former financial planner gave us a forecast in 1992. He was using a 12% average annua...Read More

      June 7, 2013 - Here - in no particular order - are a few recent articles on the Toronto and GTA housing market and on Toronto Bungalows specifically... 1. "Worried about the housing market? Five strategies for peace of mind" - The Globe and Mail, 2013-05-29 2. "This is not your 1990s housing market" - The Globe and Mail - ...Read More

    June 5, 2013 - The Toronto Real Estate Board today released the May, 2013 residential sales numbers which show a modest softening overall in terms of number of units sold, though sales of detached homes rose on a year-over-year basis. Specifically, "Sales of single-detached homes in the GTA were up by almost one per cent compared to the same period last year, including a thre...Read More