January Toronto Real Estate Update

Jan 12 | by Barry Cohen

Toronto real estate achieved new home sale records for the second year in a row. A total of 113,133 sales were completed, a 11.8 per cent increase over 2015. By the end of the calendar year, Toronto recorded $82.5 billion in real estate dollar volume with residential properties spending an average 17 days on market. Toronto’s strong economy, low borrowin...

Relocating During the Winter? 5 Things You Should Know

Dec 29 | by Barry Cohen

Relocating in the winter does not have to be a nightmare with the right preparation. Moving companies are less busy, and therefore, able to provide you with better attention and more flexible scheduling. When moving to a new property, there are a few measures to keep in mind that will smooth the transition.  1. Keep Your Walkways Clear For your safet...

4 Things To Do Before Leaving Your Home for Vacation

Dec 22 | by Barry Cohen

When it's time to hit the ski slopes for a week or the need to escape the Toronto chill strikes, there are some steps local homeowners must take before leaving on vacation. Steps may vary according to the length of your trip. A weeklong tropical reprieve is different from Toronto residents flying far south for several months. Adjust these tips based on t...

Finding the Right Home in a Competitive Market

Dec 15 | by Barry Cohen

Toronto real estate is a unique market for a metropolitan city. The low inventory and high demand that is driving sale prices higher are not limited to a particular market segment. Luxury buyers face stiff competition for the limited number of properties available. Bidding wars and escalating prices are not uncommon even in the $2.5 million-plus luxury d...

December Toronto Real Estate Update

Dec 8 | by Barry Cohen

The Toronto real estate market’s latest figures show no change to the underlying market conditions that have persisted throughout this year. The year-over-year average sale price and the number of closed home sales were up by double-digits. While the number of new listings grew, it still is not enough to address Toronto's sparse inventory.  The Toronto...

How Land-Transfer Tax Changes Affects Luxury Market

Dec 1 | by Barry Cohen

The latest real estate regulations outlined in the Ontario government’s fall economic statement will impact buyers in Toronto’s luxury market. The most significant change concerning all residents is the land-transfer tax. This tax is a significant portion of closing costs. To address home affordability for first-time buyers, the government has doubled th...

International Buyers’ Growing Attraction to Toronto’s Market

Nov 24 | by Barry Cohen

Toronto real estate reported rapid gains in average sale price over the last six years, with a steady upward trend originating earlier in the new millennium. If current sales figures hold true for the remaining two months of 2016, Toronto real estate could see gains around 14 percent in the average sale price over 2015. The average sale price for the yea...

Is Vancouver’s Foreign Buyer Tax Driving Toronto Luxury Real Estate?

Nov 17 | by Barry Cohen

Vancouver’s real estate market was similar to Toronto in many ways: high demand for housing, peaked interest from foreign buyers, and a limited supply. One radical legislative move set the cities apart: rapidly rising prices caused the British Columbia government to impose a 15 percent foreign buyer real estate tax.  Sales of super luxury homes over $3...

November Toronto Real Estate Update

Nov 10 | by Barry Cohen

Reported numbers for October remain on track for a record year in Toronto residential sales. Average sale prices are rising as the number of available units cannot meet the demand. Interestingly, new listings rose in October when compared to the same month in 2015 for the first time all year. The incremental increase is still not enough to make an impa...

International Selling Guide for Toronto Real Estate

Nov 3 | by Barry Cohen

International Selling Guide for Toronto Real Estate  Toronto home sellers may believe that the current market conditions make it easy to list and sell for top dollar. This is not the case. Real estate transactions are complex with many moving parts. Sellers choosing to skip using a real estate agent take legal responsibility for complying with Canadian...

The Impact of New Lending Rules on Toronto Real Estate

Oct 27 | by Barry Cohen

The Impact of New Lending Rules on Toronto Real Estate October began with the government’s announcement of widespread changes to the mortgage lending process. The legislation intends to limit the risk and prevent fraud, an important concern since the federal government backs mortgage insurance. The majority of the changes appear to target managing fina...

International Buying Guide for Toronto Real Estate

Oct 20 | by Barry Cohen

Toronto is an excellent city for foreign buyers to purchase real estate. Canada’s political and economic stability, the city’s high rankings for investment value and quality of life, and cosmopolitan lifestyle make Toronto an attractive for a primary or secondary residence.  The ability to purchase property in Canada isn’t tied to citizenship, meaning...

October Toronto Real Estate Update

Oct 13 | by Barry Cohen

Strong sales numbers and increasing average prices persisted in September for the Greater Toronto Area. The 21.5 percent sales growth is driven by the overarching trend of high demand and minuscule supply for all home types.  The Multiple Listing Service (MLS) showed 9,902 transactions last month. Sales growth was slower for semi-detached properties an...

Five Downsizing Tips for Luxury Buyers

Oct 6 | by Barry Cohen

Five Downsizing Tips for Luxury Buyers Today’s buyers ready to downsize from the family mansion to a more manageable property don’t comprise their standards. Smaller luxury homes and condos contain the same high quality materials and generous living areas as larger homes.  However, downsizing buyers need to take a hard look at their estate, as it can...

Luxury Home Features That Boost Home Worth

Sep 29 | by Barry Cohen

Discerning buyers desire the latest in home innovations for their private spaces. While personal tastes differ amongst those who can cater to their dreams, certain features are trending in luxury real estate. Toronto sellers should highlight these in their listings if applicable to their property. Illuminating Sunrooms Today’s sunrooms focus on comfo...

Vancouver Real Estate Dips. Toronto Continues to Rise.

Sep 23 | by Barry Cohen

Toronto has surpassed Vancouver as Canada’s top real estate market based on average home prices and pace of transactions. Vancouver’s sales numbers began declining in August in a trend expected to continue through the fall months.   The British Columbia government implemented two tax measures now significantly impacting Vancouver’s slowing luxury ma...

September Toronto Real Estate Statistics

Sep 15 | by Barry Cohen

September Toronto Real Estate Statistics The latest release from the Toronto Real Estate Board (TREB) demonstrates the overarching market trends continue across the Greater Toronto Area. August 2016 sales reported an increase in the average residential sale price on a year-over-year basis while available new listings declined. A record of 9,813 trans...

September Toronto Real Estate Statistics

Sep 15 | by Barry Cohen

September Toronto Real Estate Statistics The latest release from the Toronto Real Estate Board (TREB) demonstrates the overarching market trends continue across the Greater Toronto Area. August 2016 sales reported an increase in the average residential sale price on a year-over-year basis while available new listings declined. A record of 9,813 trans...

How To Get Top Dollar For Your Home

Sep 8 | by Barry Cohen

How To Get Top Dollar For Your Home Receiving full value for a Toronto home may seem easy in the current competitive market. We hear about homes selling in less than two weeks of market listing with multiple offers. The reality is not all homes sell that quickly. It is feasible to receive a fair value offer for the property regardless of the home’s con...

No Chance for a Toronto Real Estate Bubble

Sep 1 | by Barry Cohen

No Chance for a Toronto Real Estate Bubble Real estate market analysts and economists have warned of an impending Toronto real estate bubble burst for months. As GTA home values continue to rise, their dire warnings and call for government action increase in frequency. Local real estate experts know the likelihood of a dramatic crash in home values is...

Foreign Buyers Targeting Toronto for Real Estate Investments

Aug 18 | by Barry Cohen

Foreign Buyers Targeting Toronto for Real Estate Investments Toronto real estate is attractive to foreign investors thanks to the currency exchange rate on the Canadian dollar, rising home values and political stability. Vancouver has shared Toronto’s international real estate investment appeal until now. The news that foreign investors will be taxed a...

High Demand Causes Toronto Developers To Build High

Aug 4 | by Barry Cohen

High Demand Causes Toronto Developers To Build High Toronto’s real estate market is driven by basic economics: supply and demand. For an extended period of time, Toronto’s rapid increase in housing costs has been directly influenced by low supply and increasing demand from local and foreign investors.  With the average days on market hovering around...

Toronto is the Home of Luxury Real Estate

Jul 28 | by Barry Cohen

Across all market segments, the Toronto has witnessed increases in price and sales volume. The luxury market in particular is thriving across the Greater Toronto Area.  The average home price in central Toronto is $1.26 million. For buyers seeking true luxury from high-end finishes to extra amenities, the benchmark price is over $4 million.  Overall...

Canadian Real Estate More Valuable Than Ever (Especially Toronto)

Jul 21 | by Barry Cohen

Across Canada home prices are up, making Canadian real estate increasingly valuable. The average price for residential properties increased 11.2 per cent over the past last year to $503,301. Toronto’s fast-paced real estate market has played a significant role in growing Canada home values. Last month, Toronto sold homes averaged $622,120. However, eve...

June Toronto Real Estate Statistics

Jul 14 | by Barry Cohen

June Toronto Real Estate Statistics The Greater Toronto Area (GTA) real estate market maintained strong sales, increasing median prices, and fewer new listings in the first half of 2016. The latest market update from the Toronto Real Estate Board (TREB) reports the Home Price Index benchmark rose by 16 per cent year-over-year, continuing its decade-lon...

Despite Reports: GTA Real Estate Market Still Thriving

Jul 7 | by Barry Cohen

Forecasting real estate is a tricky proposition. How strong is the Greater Toronto Area real estate market? The answer is in the numbers. Comparing May 2015 to May 2016, the reported 12,870 sales in May 2016 set a record with a 10.6 percent increase. The average sales price was up over 15 per cent. New listings continue to decline with 6.4 percent fewe...

Toronto Will Always Be A Top Canadian Real Estate Market

Jun 30 | by Barry Cohen

Toronto Will Always Be A Top Canadian Real Estate Market Lately real estate news has focused on a potential “correction” for the Canadian housing market based on fears of triggering an economic recession. Banks and financial institutions are warning of an impending turn down in the double digit housing price increases, and a potential reversal in home...

Celebrating Canada Day 2016 in Toronto

Jun 23 | by Barry Cohen

Toronto is turning red and white in preparation for Canada Day. The patriotic birthday bash is a highlight of the summer social season. Originally known as Dominion Day, July 1 honours the joining of various provinces as one country under the Constitution Act. The name changed in 1982 to reflect Canada’s official independence from the United Kingdom. ...

Toronto Real Estate Market Keeps Getting Hotter!

Jun 16 | by Barry Cohen

Toronto Real Estate Market Keeps Getting Hotter! Home prices in the Toronto Real Estate Market across all market segments continue to make and break records. The market set a new high with 13,000 homes sold last month despite a shortage of new listings as reported in the most recent real estate release.  For sellers, the ideal time to list is right n...

May Toronto Real Estate Statistics

Jun 10 | by Barry Cohen

May Toronto Real Estate Statistics This spring the Greater Toronto Real Estate Market continues to experience increases in home sale price driven by a decline in available listings. Average home prices were $64,262 higher, or 15.7 per cent, from the same month last year GTA average home prices reached $751,908, up from $649,648 in May 2015. All home...

Get The Advantage In Your Real Estate Transaction

Jun 2 | by Barry Cohen

In today’s world of transparency and prompt access to information, the ruling by the federal Competition Tribunal to release home sales data should not be a surprise. However, despite new technological tools and claims of special algorithms, realtors remain the best tool for evaluating home value. The Toronto Real Estate Board sought to restrict public...

Never a Bad Time to Buy or Sell in the GTA

May 26 | by Barry Cohen

Despite recent reports claiming the Greater Toronto Area real estate market is showing signs of slowing, it is never a bad time to buy or sell in the GTA. Why? From the perspective of the seller, the market is experiencing a record number of real estate sales combined with a lower inventory of available luxury homes. Toronto closed sales rose 7.4 perce...

Competitive GTA Market Fuelled By Foreign Investors

May 19 | by Barry Cohen

An advantageous exchange rate coupled with ranking among the top cities worldwide in “liveability” studies ensures foreign buyer interest in the Greater Toronto Area remains strong. Just this past March, Toronto home prices recorded a year-over-year 10 percent increase. Recent surveys by luxury real estate firms indicate foreign investors are fuelling th...

April Toronto Real Estate Statistics

May 12 | by Barry Cohen

The Toronto Real Estate Market was as competitive as ever this past April as the average sale price for residential properties increased and fewer listings entered the market compared to this time last year.  In April 2016 there were 12,085 sales reported through the Toronto Real Estate Board’s Multiple Listing Service® (MLS) System, which represents a...

Understanding Toronto’s Mega-Mansions & Their Owners

May 5 | by Barry Cohen

The National Post recently published an article that featured custom homebuilder Paul Miklas, the visionary and developer of many of Toronto’s luxurious mansions in the prestigious Bridle Path area. His homes are quite simply breathtaking, many of which feature expansive lots, lush greenery and elegant finishes to the smallest detail. In the featured art...

Buying Real Estate In A Competitive Market

Apr 28 | by Barry Cohen

Toronto is in the midst of one of its most competitive real estate markets in recent history. While sales and average prices are on the rise the number of active listings on the market are in short supply. These factors have created a competitive market for buyers with fewer available listings and soaring prices. This is great news for sellers, not so mu...

The Time To Sell In The GTA Is Now

Apr 21 | by Barry Cohen

Last months stats from the Toronto Real Estate Board were all positive if you were selling your home in the Greater Toronto Area this Spring. Homes were being sold at almost record-breaking numbers while the average sale price of residential properties increased compared to figures from this time last year. Not only that but fewer listings entered the ma...

March Toronto Real Estate Board Stats

Apr 14 | by Barry Cohen

March was a strong month for home sales, which resulted in record-breaking numbers during the first quarter of 2016. If you’re considering selling your home; the next few months could be the best time to do so.  10,326 home sales were reported through the Toronto Real Estate Board’s MLS® system during the month of March, which represented a 16.2 per ce...

Greater Toronto Bidding Wars

Apr 7 | by Barry Cohen

The Toronto housing market has been setting records month after month for a couple of years and there is no indication that the frenzy will be cooling down any time soon.  The months of March, April, May and June are the busiest time for real estate transactions and with our market already registering record breaking statistics for sales and average sell...

The Spring Toronto Real Estate Market Is As Hot As Ever

Mar 31 | by Barry Cohen

The GTA real estate market is “hot” to say the least, and bidding wars are commonplace in many neighbourhoods throughout the area. Just recently in the Annex a semi-detached property sold for almost half a million over the original asking price of $1.85 million.  Another property in Etobicoke experienced a bully bid with a 24-hour deadline offering 35 pe...

Selling Your Home In The Spring

Mar 24 | by Barry Cohen

The busiest time of year for real estate is the spring.  Whether it’s a buyer’s market or a seller’s market, inventory almost always increases in the spring. If you want to stay ahead of the competition and get your property sold quickly and for top dollar there are a few things you should take care of before potential buyers go through. Curb Appeal...

Scarcity Is A Strong Motivator In Toronto Real Estate

Mar 17 | by Barry Cohen

It’s hard to believe that the first quarter of 2016 is just ahead – where does the time go?  Even as the Spring real estate market is just getting underway, sales in the first quarter are a strong indicator that 2016 will be another booming year for the Toronto market. They say real estate is based on three things, location, location, location, and thi...

February TREB Stats

Mar 10 | by Barry Cohen

Dare I say it again, another month another sales record for the Toronto Real Estate market, eclipsing the previous record set in 2010.  Residential sales were up by an incredible 21.1 percent last month compared to the same period last year.  The average selling price of GTA properties climbed again by 14.9 percent annually.  While it may be true that Le...

Household Prep for Spring

Mar 3 | by Barry Cohen

The long awaited and much anticipated first day of spring is officially just around the corner, but of course as Canadians we know that “official” spring and real spring can be and often are two different things.  Either way, the extra hour of daylight is always a welcome sign and you can use that time to get a head start on your spring clean up – so tha...

Renting Your Luxury Home

Feb 25 | by Barry Cohen

There are numerous reasons why homeowners choose to rent out their homes, ranging from not wanting to leave a home vacant during an extended vacation to waiting out a down market.  Renting out a luxury property requires even more due diligence than renting more conventional homes, and it is possible that the idea could become more trouble than it’s worth...

Toronto Home Prices Surge

Feb 18 | by Barry Cohen

With the Spring real estate market still officially a couple of months away, the housing market in the GTA is booming. Buyers in both the 416 and 905 zones must be guided by the old adage “why wait for spring, do it now”.  This robust market situation is unique to two major Canadian cities, Toronto and Vancouver.  For example, across Canada home prices r...

January TREB Stats

Feb 11 | by Barry Cohen

The housing market in the GTA got off to a banner start in 2016, and seemingly picked up where 2015 left off.  Despite the weather, members of the Toronto Real Estate Board reported 4,672 residential property transactions last month through the Board’s MLS system.  This total represented an 8.2 percent increase in direct comparison to January 2015. TRE...

Surprising GTA Home Ownership Facts

Feb 4 | by Barry Cohen

Surprising GTA Home Ownership Facts There has been a lot said about the housing market in the GTA in recent months ranging from a bubble about to burst to continued growth and strength, some of the information was opinion based but a lot was simply hearsay.  Well, now we can look at some actual facts about our market based on consumer survey data colle...

Housing Market Staying Strong In 2016

Jan 21 | by Barry Cohen

We’re only a couple of weeks into 2016 and the chatter has already started up about the housing market “bubble” in the GTA and it’s imminent crash.  While it’s true that prices and demand for properties has been on a consistent upward climb for many years, I just don’t see the market heading for disaster for a number of reasons. It’s a simple economics...

December TREB Statistics

Jan 14 | by Barry Cohen

2015 was an amazing year for real estate in Toronto and the GTA. President of the Toronto Real estate Board, Mark McLean, announced 2015 had the second best sales result on record for the month of December. During the last month of 2015, there was a reported 4,945 total sales wrapping up the year for a total of 101,2999 sales. This is a 9.2% increase com...

Buying or Selling Real Estate in Winter

Jan 7 | by Barry Cohen

It wasn’t that long ago that the winter market was considered a “lull” from a real estate point of view – but those days are long gone.  The red-hot market in the GTA no longer experiences that dramatic drop as anxious buyers outnumber the available inventory in this area.  It is true that January, February and March report fewer sales than the frenzied...

2016 Design Trends for Luxury Homes

Dec 31 | by Barry Cohen

Many industries depend on new and innovative styles and trends for their livelihood, from clothing, to automobiles and of course home décor; there is always something new to get people spending.  This year, there is a whole new crop of ideas and designs that are trending for 2016, so we thought we would give you a glimpse into the future of home decor th...

New Years In The GTA

Dec 24 | by Barry Cohen

2015 was quite a year that seemed to just fly by, where does the time go?  The real estate market set records and is showing no signs of slowing down in 2016.  We are fortunate to live in such a vibrant city and if you are looking for something to do on New Year’s Eve in the GTA your options are almost limitless.  There is everything from the traditional...

Enjoy the Holidays In Toronto

Dec 17 | by Barry Cohen

Christmas is a busy time of year, and the GTA has activities, live performances, craft markets and delightful opportunities which let the family break away from the hustle and bustle and listen to some outstanding musical performances including everything from Handel’s Messiah to whimsical magic shows and big name concerts by performers from around the w...

November TREB Stats

Dec 10 | by Barry Cohen

One month to go in 2015 and the real estate market in the GTA continues to set and break records. The weather has been co-operating, and perhaps the federal election results have people feeling optimistic, but no matter how you look at it this market is hot. Members of the Toronto Real Estate Board reported 7,385 home sales through the Board’s MLS system...

November TREB Stats

Dec 10 | by Barry Cohen

One month to go in 2015 and the real estate market in the GTA continues to set and break records. The weather has been co-operating, and perhaps the federal election results have people feeling optimistic, but no matter how you look at it this market is hot. Members of the Toronto Real Estate Board reported 7,385 home sales through the Board’s MLS system...

The Latest In Kitchen Trends

Dec 3 | by Barry Cohen

Keeping up with technology seems to be a losing battle – just when you think you have the latest thing, something comes along that eclipses and/or upgrades your product.  The modern conveniences we take for granted these days, are not that old when you consider the big picture, and there are some inventions that are really cool, but not really items most...

Top Winter Destinations

Nov 26 | by Barry Cohen

Winter is just around the corner, and before we know it our landscape will be white. For some, this sets off the alarm to plan a hot and sunny getaway from the white stuff, but to others it signals the start of the much anticipated ski season.  There are a lot of die-hard ski fanatics around the GTA who can’t wait to get out on the slopes; in fact, they...

Investment Partnerships

Nov 19 | by Barry Cohen

Investing in real estate requires two basic ingredients – capital and expertise.  In most cases this requires a partnership, with one partner supplying the money and the other having the expertise.  There is a large contingent of residents in the GTA that have the capital to invest but lack the time or expertise to do so, and this is where a partnership...

Toronto Real Estate Board Stats: October

Nov 12 | by Barry Cohen

Another month, another real estate record broken in the GTA!  Last month members of the Toronto Real Estate Board sold 8,804 properties through the Board’s MLS System, the best result on record for the month of October. Housing prices continued on their upward course last month with the average price for all housing types throughout the GTA coming in a...

Fall Design Trends

Nov 5 | by Barry Cohen

The cooler weather means a shift from outdoor living to the indoors which can often stimulate our inner interior decorator and inspire a desire to freshen up our décor.  Every year the design industry unveils its latest trends whether it’s clothing, furniture, paint, appliances, lighting, fabrics or accessories.  While most of us do not intend to do a co...

Halloween Events In The GTA

Oct 29 | by Barry Cohen

Halloween is only a couple of days away, and this year it falls on a Saturday, which is great news for parents, kids and partygoers alike.  Many of us have fond childhood memories of donning a costume and hitting the streets at dusk for some trick or treating fun.  The GTA has all sorts of events and activities for all ages to celebrate this spooky night...

Selling An Investment Property

Oct 22 | by Barry Cohen

When it comes to selling a property that is not your primary residence, things can become somewhat complicated.  It is not as straightforward as there are a lot of extraneous factors to consider such as tenants and capital gains tax and if the property is located out of province or even out of the country the jurisdictional laws, taxes and local rules th...

Toronto Real Estate Board Stats: September

Oct 15 | by Barry Cohen

Here we go again … another record-breaking month for real estate in the GTA in September.  Toronto Real Estate Board President Mark McLean released a press report announcing that 8200 homes exchanged hands through the MLS system last month which not only beat all previous records but that number also eclipsed last September’s sales by 2.5 percent.  To sa...

Celebrating Thanksgiving in TO

Oct 8 | by Barry Cohen

With September behind us, Canadians embrace the fall season with vigour and enthusiasm.  Autumn in Ontario is a glorious time with Mother Nature providing a spectacular visual show. As the days get shorter and the nights get cooler, our thoughts turn toward cozy fireplaces and indoor pursuits as we put away the golf clubs, close the cottage, winterize th...

No Worry For Toronto Housing Bubble

Oct 1 | by Barry Cohen

I’m sure you have been exposed to the ubiquitous chatter about the Toronto housing bubble at sometime recently, either on the nightly news, in business journals, at your workplace or even just idle elevator conversations.  It’s a topic that has a lot of tongues wagging for sure because what goes up must come down – right? I would usually agree with tha...

Toronto’s Red Hot Housing Market

Sep 24 | by Barry Cohen

Well here I go again, writing about the red-hot housing market in our great city, but the numbers don’t lie and this is our current reality in the GTA.  Home prices soared by over 10 percent last month, and sales across the region rose 5.7 percent compared to the same period last year.  Single-family home prices once again jumped almost 13 percent to $1,...

TREB Stats August

Sep 17 | by Barry Cohen

This has been a record-breaking year for real estate in the GTA month after month, and once again sales and the average price went up in August.  The average selling price for a home in the 416 area code remains at over a million dollars and more than $700K in the 905 zone, an increase of 10.3 percent compared to August 2014. Inventory remains low keep...

Toronto Home Prices Soar

Sep 10 | by Barry Cohen

When I am asked “What’s new in the housing market in the GTA these days”?  I respond with “absolutely nothing”.  While that may sound glib, it’s completely true.  Demand remains fierce, new records are set every month, inventory remains scarce and prices keep going up and this has been the case for quite some time. July figures from TREB (The Toronto R...

Land Prices Are Getting Higher In The GTA

Sep 3 | by Barry Cohen

It appears that the GTA could easily become the condo capital of Canada as more high-rise towers are slated to be built in the second quarter of the year.  As the hottest real estate market in the country there appears to be no evidence of a slow down any time soon.  While other markets, especially in the oil patch are experiencing a turndown and droppin...

Demand For High End Homes Growing

Aug 27 | by Barry Cohen

The world economy may be in turmoil and the global markets fluctuating but the housing market in the GTA is strong and strengthening every month.  In fact, demand for luxury properties over 4 million dollars was up by 72 percent in the first half of this year compared to the same period last year. In Canada’s two largest cities, namely Toronto and Vanc...

Cottage Country Update

Aug 20 | by Barry Cohen

Like the summer temperatures the real estate market in the GTA is hot.  It seems that every month new records are being set in one category or another and prices keep going up.  It used to be that the summer months were slower as people enjoyed the weather and got out of town on holidays, but not any more.  Properties in every category, especially the hi...

July TREB Stats

Aug 13 | by Barry Cohen

If I’m starting to sound like a broken record, it’s because the real estate market in the GTA continues to break records every month and seems to be unstoppable.  Home sales were up by 8 percent over July 2014 despite the number of active listings being down by 14 percent. The decreased inventory coupled with low interest rates have sent the average sell...

The Latest Renovation Trends

Aug 6 | by Barry Cohen

Every now and then I find that I just can’t resist checking out what’s new in home building and design, and I am never disappointed.  Manufacturers involved with every home product or construction material must have a team of the brightest and most innovative minds dedicated to discovering the next new trend.  As always, there are those ideas that you re...

Attracting Luxury Buyers

Jul 30 | by Barry Cohen

What city would you say has the fastest-growing luxury home market in the world?  Naturally Hong Kong, New York and Paris come to mind, but you might be surprised to learn that our great city now has that distinction, that’s right Toronto’s high-end housing demand leads that category worldwide. In today’s market, you can expect to pay $3.6 million for a...

Foreign Investors — Welcome to Toronto

Jul 23 | by Barry Cohen

Residents of the GTA know that it is an incredible place to live – it’s safe, well situated, close to an unending amount of amenities, excellent education, culture, recreation and comparatively low property values from a global perspective.  These facts have not been lost on foreign investors that are snatching up Toronto real estate for investment purpo...

Booming Detached Home Prices

Jul 16 | by Barry Cohen

It is becoming almost impossible to talk about the hot Toronto housing market without sounding like a broken record.  Speaking about breaking records, it seems GTA realtors are doing it with each passing month this year.  Whether it’s condos, townhomes or single-family homes, if it’s for sale in this area, it’s likely to sell very quickly and for more mo...

June TREB Stats

Jul 9 | by Barry Cohen

Things just aren’t like they used to be at least when they relate to the real estate market in the GTA.  Month after month we set new records in this industry, and it doesn’t seem like this is a trend that is likely to stop in the near future.  Last month the number of houses sold was up, and selling prices increased for all major home types on a year-ov...

July Events In The GTA

Jul 2 | by Barry Cohen

As Torontonians are out jogging, biking, rollerblading, boating, hiking, swimming and picnicking in this glorious weather, the city is a buzz with an exciting array of events, concerts, festivals and international competitions.  As Canada’s largest city we have no shortage of activities to keep you and your whole family entertained in July. After a ci...

Canada Day In The GTA

Jun 25 | by Barry Cohen

Well it’s that time of year again, Canada’s birthday, already; the summer sure seems to fly.  There is no better place to celebrate our National Day than in the GTA.  As always there will be events in many areas around the city, from block parties to grandiose festivities and spectacular fireworks. Many families choose to celebrate low key with family...

Know Your Movers

Jun 18 | by Barry Cohen

Whether it’s your first move or your 20th, focusing on contracts and lists can be tough when you’re dealing with all the other details of a move but it’s worth the time and effort.  It can seem overwhelming to decipher the terminology in moving contracts, but not having a clear understanding of all the terms, conditions and provisions in these documents...

May Toronto Real Estate Board Stats

Jun 11 | by Barry Cohen

Whenever anyone asks me (and they do constantly) how’s the real estate market in this city, or is this a good time to buy or sell – I simply answer the market is red hot and there has never been a better time to buy or sell – what are you waiting for? Another real estate sales record was achieved for the month of May by professional realtors in the GT...

June GTA Real Estate Updates

Jun 4 | by Barry Cohen

How’s the Housing Market in the GTA?  Red Hot.  Our city, unlike most other cities in Canada and the world for that fact, has a strong, even surging, real estate market that is setting and breaking records month after month.  The spring market is considered the busiest time of year and usually by the time June rolls around most markets experience some ki...

Investing In A Secondary Property

May 28 | by Barry Cohen

If you don’t already own a vacation home, this winter was probably enough to convince you to get one.  If you are in a position where you can pick up and get away from it all for more than a couple of weeks a year, a vacation home is not only a haven from the cold, but can also be a solid investment.  A mountain retreat, waterfront or island property or...

Outdoor Luxury Living 2015

May 21 | by Barry Cohen

It’s finally patio season, time to enjoy the great outdoors after a long frigid winter.  If you have leafed through a décor magazine, walked through a furniture store or even glanced at advertising flyers you have undoubtedly noticed that your outdoor space is getting a lot of attention.  It doesn’t seem that long ago to me that everyone had the same alu...

April TREB Stats

May 14 | by Barry Cohen

While the weather in April was on the dismal side, news from the Toronto Real Estate Board was anything but – another sales record broken; another consecutive gain in average housing prices and inventory was on the rise.  The strong results in April clearly indicate that a large percentage of our population view home ownership as a high-quality, long-ter...

New Toronto Developments

May 7 | by Barry Cohen

While it’s still true that the top criteria for real estate remains “location-location-location” the new generation of dwellings in the GTA will have an added feature that was unheard of – even 2 years ago – built-in unlimited, affordable ultra-high speed internet service. Beanfield Metroconnect is the mastermind small local business behind the 500 me...

York Mills (C12) Real Estate Market Update for April 2015

May 7 | by Barry Cohen

Each month, the Toronto Real Estate Board (TREB) releases a MarketWatch Report. The following statistics were obtained from the April 2015 Report and make comparisons to the same period one year ago. As of April 30, in York Mills (C12), there were 152 active market listings, which is on par with last year’s statistics. Unit sales for April (year ov...

Toronto the Hottest Luxury Real Estate Market

May 1 | by Barry Cohen

A new report from Christie's International Real Estate has surfaced, citing Toronto as having a 37% growth in 2014 for luxury penthouses, apartments and houses - the largest increase by far for any major city in the world. Read the full story over at The Telegraph.

Luxury Going Green

Apr 30 | by Barry Cohen

Now more than ever there is pressure from industry experts and consumers to be environmentally conscious in the development of real estate properties. From energy-efficient climate control to natural building materials; developers are being asked to make an effort in developing eco-friendly options for their residences. Today there is a multitude of eco-...

Baby Boomers Driving Luxury Market

Apr 23 | by Barry Cohen

The term “Baby Boomer” refers to anyone born between 1946 and 1965 a demographic that represents 30 percent of the Canadian population or 9.6 million people.  Now in their 50’s and 60’s these Boomers have benefitted from the steep increases in housing prices over the decades especially in cities like Toronto and Vancouver.   Boomers now wield a strong...

GTA Housing Vs Condo Market

Apr 16 | by Barry Cohen

The hot housing market in the GTA is shattering records as the intense competition for single-family homes pushed the average price of a detached property over the $1 million mark in February. In stark contrast, the condo market has remained flat. In fact, the price gap between the price of a new house and a new highrise condo skyrocketed to nearly $300,...

Toronto Real Estate Stats: March 2015

Apr 9 | by Barry Cohen

Spring has finally arrived in Toronto as temperatures begin to rise and breathe new life into a city that has endured a long, grueling winter. While the city’s weather has improved considerably Toronto’s real estate market has performed with exceptional results, creating a competitive market for buyers. Yes, the Spring Real Estate Market is well unde...

York Mills (C12) Real Estate Market Update for March 2015

Apr 7 | by Barry Cohen

Each month, the Toronto Real Estate Board (TREB) releases a MarketWatch Report. The following statistics were obtained from the March 2015 Report and make comparisons to the same period one year ago.   As of March 31, in York Mills (C12), there were 131 active market listings, which was the same as last year.   Unit sales for March (year over yea...

Dining Out In The GTA

Apr 2 | by Barry Cohen

Toronto has always been known for it’s world-class cuisine and with over 100 notable restaurants opening in the last year alone, it seems excellent dining is alive and well in the GTA.  Every year Toronto Life publishes their Top 10 ranking of new restaurants, and if you didn’t catch the article this year, I thought it would be useful to do a recap.  So...

The Spring Market Is Heating Up!

Mar 26 | by Barry Cohen

The spring market is already heating up in Canada’s two strongest markets, Toronto and Vancouver.  Both cities experienced growth in sales volume and prices in the first two months of 2015, even before the spring market had an effect. A combination of continuing rock bottom interest rates, a lack of inventory and growing demand from millennials in the...

One Million Average

Mar 19 | by Barry Cohen

Statistics released by the Toronto Real Estate board last month, indicated that Toronto’s housing market broke through an important financial threshold in February, despite the deep freeze.  For the first time the average price of a detached home in the GTA topped the 1 million dollar mark. Many other Canadian markets are struggling but the demand...

Toronto Real Estate Stats: February 2015

Mar 12 | by Barry Cohen

Even before the official start of the Spring Real Estate Market, and despite the very frigid temperatures last month, the housing market in the GTA eclipsed the same period last year in sales and the average overall selling price was up by 7.8%.  Many other Canadian markets are stagnant or in a slump, but here in the Toronto area it’s booming.  Last mont...

York Mills (C12) Real Estate Market Update for February 2015

Mar 11 | by Barry Cohen

Each month, the Toronto Real Estate Board (TREB) releases a MarketWatch Report. The following statistics were obtained from the February 2015 Report and make comparisons to the same period one year ago. As of February 28th, in York Mills (C12), there were 111 active market listings, a decrease of 16% from the previous year's statistics. Unit sales for Fe...

Toronto Condo Market Bouncing Back

Mar 5 | by Barry Cohen

While the housing market in the GTA has remained strong and steady with the average selling price continuing to climb, the condo market stayed somewhat flat.  Recent statistics show that this segment of the market is bouncing back and in 2014 condo sales in the GTA were at their third highest level ever just behind sales records set in 2011 and 2007.  ...