Welcome to Home Leader Realty Inc. Sign in | Help

Archives

October 2020 - Posts

New condo sales across Toronto’s suburbs jumped 106% this summer
From Canada Day to the summer wind down at the end of September, buyers fanned out across Toronto’s ‘905’ suburbs and scooped up 3,834 new condo units. The surge in buyer activity over 2020’s third quarter meant that new condo Read More...
Toronto condo rents fall over 9% despite record-breaking market activity
Toronto’s renters sprung into action over the third quarter of 2020, signing a record number of new rental condo leases for the three-month period as listings surged. And, with so much choice for renters in the market, investor-owners were forced Read More...
Canadian home prices rise in September as housing market firms, according to Teranet data
Canadian home prices posted across-the-board monthly gains in September, led by the Ottawa-Gatineau and Quebec City markets, for the second-strongest September on record, data showed on Tuesday. The Teranet-National Bank Composite House Price Index, which Read More...
Toronto condo prices rise over 8% even as new listings surge
Despite a remarkable surge in new listings, the average resale condo price in the Toronto region rose 8.3 percent to $633,484 in the third quarter. The third quarter data, published today by the Toronto Regional Real Estate Association (TRREB), showed Read More...
Tips On Buying A Pre-Construction Home In Ontario
It can be challenging to navigate the new home buying process. We are here to help - and have compiled a few tips on purchasing a pre-construction home or condo. 1. Research your builder The Ontario Builder Directory (OBD) is an online resource that can Read More...
Basements Can Flood for Many Reasons
While the City of Toronto is working to improve its complex system of underground pipes, sewers and catchbasins, these improvements alone cannot completely protect a home from basement flooding. During heavy rain, the sewers can become overloaded. It Read More...
Sellers are back in control of Toronto region’s housing market
The Toronto region’s housing market moved back into seller’s territory in September with new listings declining and home sales continuing at a rapid pace. Resale listings had been on the upswing for four consecutive months, but fell by nearly Read More...
Canadian real estate fundamentals
Last week was the Vancouver Real Estate Forum. Benjamin Tal (chief economist at CIBC) opened things up, as he usually does, and he was pretty candid about what might be coming this winter. Here is an excerpt from a recent Globe and Mail article summarizing Read More...
Google Announces Massive New 400,000 Square Foot Office in Toronto
Google continues to expand its footprint on Canadian soil with the expansion of three massive new offices, two of which will be in Ontario and a third in Quebec. Our fine city will be home to one of the province’s new spaces, setting up shop on Read More...
Detached home prices just rose over 20% in 10 Toronto suburbs
September was another banner month for the Toronto region’s housing market and no property type was hotter than detached homes in the suburban areas surrounding the city. Of the 30 suburban regions tracked by the Toronto Regional Real Estate Board, Read More...
Percentage of young Americans now living with a parent
Here’s some data from the Pew Research Center looking at the percentage of young people (18- to 29-year olds) in the US that live with at least one parent. It it based on an analysis of monthly Census Bureau data and is obviously interesting/relevant Read More...
Single-family home prices kept accelerating across Canada in September: RBC
Home sales in major markets across the country delivered more impressive increases in September as activity continued to rebound from the lows seen in April and May. Market data published over the last week by local real estate boards saw trends first Read More...
Sales and listings continue to rise as Toronto real estate market outperformed by suburbs
The Toronto real estate market continued its brisk pace in September setting a new record for the number of sales for the month at 11,083, according to the latest market statistics from the Toronto Regional Real Estate Board (TRREB). Although 2019 was Read More...
Toronto Sets New Record for Home Transactions in September as Sales Soared 42%
Summer may have drawn to a close but the Toronto real estate market remained hot well into the start of the new season, with September being a record-breaking month for home sales in Canada’s largest city. According to the Toronto Regional Real Read More...
Toronto’s housing market just broke September sales record
Toronto’s housing market continued on a tear in September, breaking the record for homes sold in the month and exceeding 11,000 total transactions for the second time in three months. The 11,083 homes that changed hands in the region last month Read More...
Toronto-Area Apartment Prices Have Risen Nearly 80% in the Last 5 Years
Fact: living in Toronto is expensive. Exactly how expensive depends on where you live in the city and what you live in — obviously. But new data from shows just how much prices for apartments and single-family homes have fluctuated over the past Read More...
Toronto’s Luxury Real Estate Market Remains ‘Resilient’ Amid Pandemic
If one thing’s for certain, the Toronto luxury real estate market has remained resilient in the face of the global pandemic. And while Ontario braces itself for the already-in-motion second wave of the novel coronavirus, according to Royal LePage, Read More...
Why some Canadians have only 5-7 months before their home buying window closes
In light of the past six months of COVID-19-triggered uncertainty, home sales in Canada have been shockingly brisk as a combination of FOMO and low interest rates keep drawing buyers into the market. The feeding frenzy won’t last – plenty Read More...
Sales of New Homes in GTA up 217% in August: BILD
The last few weeks of summer was an “unusually” busy time for the Greater Toronto Area (GTA) new home market, as over 4,500 new homes were sold, according to the Building Industry and Land Development Association (BILD). On Monday, BILD announced Read More...