Real Estate News

November 2016 Newsletter

October Home Sales Up Year-Over-Year

November 3, 2016 -- Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported a record 9,768 sales through TREB's MLS® System in October 2016 – up by 11.5 per cent compared to October 2015.

For the TREB market area as a whole, the largest annual rate of sales growth was in the condominium apartment market segment. Detached home sales were up by 10 per cent year-over-year, driven predominantly by transactions in the regions surrounding Toronto.

Toronto Real Estate Average Market Price August 2016 Toronto Real Estate Market Activity August 2016

"The record pace of GTA home sales continued in October, with strong growth observed throughout the month. As we move through November and December, we will be watching the sales and listings trends closely, in light of the recent policy changes announced by the Federal Minister of Finance. TREB will once again be conducting consumer survey work, in order to report on home buying intentions for 2017," said Mr. Cerqua.

The MLS® Home Price Index Composite Benchmark was up by 19.7 per cent on a yearover- yeaThe MLS® Home Price Index Composite Benchmark was up by 19.7 per cent on a yearover- year basis in October 2016. Similarly, the average selling price for all home types combined was $762,975 – up 21.1 per cent over the same time period. Double-digit increases were experienced for all major home types for the TREB Market Area as a whole.

"New listings were up slightly in October compared to last year, but not nearly enough to offset the strong sales growth. This meant that seller's market conditions continued to prevail as buyers of all home types experienced intense competition in the marketplace. Until we experience sustained relief in the supply of listings, the potential for strong annual rates of price growth will persist, especially in the low-rise market segments," said Jason Mercer, TREB's Director of Market Analysis.

Retrieved from Toronto Real Estate Board Report

Your Home's Fall Checklist

Must-See November Events

Halloween is over but lots of holiday events kick off in November, like the Distillery Historic District’s Toronto Christmas Market, the One of a Kind Christmas Show and the Santa Claus Parade. The fall is also a great time for feasts, with foodie events from Anthony Bourdain’s Appetites cookbook launch to the Gourmet Food and Wine Expo.

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(Retrieved from

10 Things to Do During TIFF 2016

Cozy Up to Colder Weather: 5 Ways to Prepare Your Home for Fall and Winter

It may be only September, but Golden, Colorado has already had its first dusting of snow. This got me thinking about all the things I need to do around the house to get ready before the cold weather settles in. Even if in your neck of the woods, you are still enjoying warm sunny weather.

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(Retrieved from House Beautiful)

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