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The Housing Market Is Still Hot in Toronto Area

Michael Mcculloch Michael Mcculloch is a real estate agent with ROYAL LEPAGE Real Estate Services Ltd., Brokerage. Check out Michael Mcculloch's listings or office listings.

Late-Q2 Rents on the Rise Across Canada

Michael Mcculloch Michael Mcculloch is a real estate agent with ROYAL LEPAGE Real Estate Services Ltd., Brokerage. Check out Michael Mcculloch's listings or office listings.

Real estate in Canada: CREA changes forecast
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Real estate in Canada: CREA changes forecast The Canadian Real Estate Association (CREA) has downgraded its home sales forecast for this year and next due to fewer buyers entering the market. The forecast takes into account a sales rebound in most parts of the country, but also interest rate hikes which have weighed on borrowing costs and buye...

Warning for REIT Investors

Michael Mcculloch Michael Mcculloch is a real estate agent with ROYAL LEPAGE Real Estate Services Ltd., Brokerage. Check out Michael Mcculloch's listings or office listings.

GTA new home market gains momentum in May
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GTA new home market gains momentum in May The Building Industry and Land Development Association (BILD) reported that the GTA new home market gained momentum in May, registering the first year-over-year increase in more than a year. Altus Group, BILD's official source for new home market intelligence, reported 3,109 new home sales in May, w...

Time Needed to Save for a Home Around Canada

Michael Mcculloch Michael Mcculloch is a real estate agent with ROYAL LEPAGE Real Estate Services Ltd., Brokerage. Check out Michael Mcculloch's listings or office listings.

Find out if it's time to sell your home
How much is your home worth? Type your property address and get a quick home estimate.

Home Evaluation Estimate | roomvu How much is your home worth? Type your property address and get a quick home estimate.

'The supply of listings hasn't kept up:' GTA home prices reach their highest level in a year
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'The supply of listings hasn't kept up:' GTA home prices reach their highest level in a year The Toronto Regional Real Estate Board (TRREB) reported 9,012 home sales in May, a 24.7% increase from the same period a year prior, while new listings decreased by 18.7%. Most of the properties bought were detached homes, followed by condo apartments, townhouses, and semi-detached. The average pric...

It's time for full rent control in Ontario
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It's time for full rent control in Ontario The Doug Ford government passed two bills, More Homes Build Faster Act and Helping Homebuyers Protecting Tenants Act, in 2022 and 2023 respectively, in an effort to tackle the housing crisis in Ontario. While these bills are said to build 1.5 million homes in the coming decade, they have the potenti...

GTA property investment tumbles in first quarter
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GTA property investment tumbles in first quarter The Altus Group's report reveals that commercial investment activity in the Greater Toronto Area dropped by 50% in the first quarter of 2023 compared to the same period in 2022. Residential land was the most popular sector with $1.21 billion in total investment, followed by ICI land which amounted t...

Six myths and misconceptions you should know about reverse mortgages
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Renting vs Buying: Ontario Real Estate

Michael Mcculloch Michael Mcculloch is a real estate agent with ROYAL LEPAGE Real Estate Services Ltd., Brokerage. Check out Michael Mcculloch's listings or office listings.

Demand for Toronto homes has plummeted but experts predict big changes
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Demand for Toronto homes has plummeted but experts predict big changes Living in the Greater Toronto Area (GTA) is becoming increasingly expensive, with the average single-family home costing close to $2 million. According to the latest report from the Building Industry and Land Development Association (BILD), new home sales dropped significantly in March, with only 1,...

Will homes ever be affordable again in the Greater Toronto Area?
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Will homes ever be affordable again in the Greater Toronto Area? Housing experts and members of the Ontario government's task force on housing affordability agree that it is unlikely homes in the Greater Toronto Area will ever be affordable again. The gap between house prices and incomes has grown dramatically in the last decade, making it difficult for young peo...

Where Are Properties Selling The Fastest In Ontario

Michael Mcculloch Michael Mcculloch is a real estate agent with ROYAL LEPAGE Real Estate Services Ltd., Brokerage. Check out Michael Mcculloch's listings or office listings.

Ask Me Anything!
Have questions about real estate but not sure where to start?

Ask Me Anything | roomvu Have questions about real estate but not sure where to start?

How Much Are the 1st-Year Homeownership Costs in Ontario?

Michael Mcculloch Michael Mcculloch is a real estate agent with ROYAL LEPAGE Real Estate Services Ltd., Brokerage. Check out Michael Mcculloch's listings or office listings.

Home shoppers are just saying no, as GTA new single-family home sales hit record low
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Home shoppers are just saying no, as GTA new single-family home sales hit record low According to the Building Industry and Land Development Association (BILD), the sale of new homes in the GTA was significantly down year-over-year in February due to high interest rates flatlining the market. There have been the lowest level of new single-family home sales since 2000 and the second....

New construction home sales hit lowest level in over 20 years
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New construction home sales hit lowest level in over 20 years Sales of new construction houses and condos plunged 81 per cent below January 2022 levels and the 567 sales was 70 per cent below the 10-year average, said Altus Group, which tracks new construction sales and prices in the GTA. The 381 condos that sold last month was the fewest sales for January in....

A Look on 2023’s Housing Market in GTA

Michael Mcculloch Michael Mcculloch is a real estate agent with ROYAL LEPAGE Real Estate Services Ltd., Brokerage. Check out Michael Mcculloch's listings or office listings.

Quinte real estate sales drop 34.4% year on year; house prices decline
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Quinte real estate sales drop 34.4% year on year; house prices decline Quinte real estate sales drop 34.4% year on year; house prices decline In its February report released this week, Quinte & District Association of Realtors said there were 196 units sold in February registering a decline in sales of 34.4 per cent from the same month in 2022. POSTMEDIA In its Februar...

Pre-Construction Buyers in GTA Shouldn’t Worry About Closing The Deal

Michael Mcculloch Michael Mcculloch is a real estate agent with ROYAL LEPAGE Real Estate Services Ltd., Brokerage. Check out Michael Mcculloch's listings or office listings.

TRREB: GTA Real Estate Market Starts the New Year the Same as it Ended Last Year
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TRREB: GTA Real Estate Market Starts the New Year the Same as it Ended Last Year The city also claimed the top spot for number of high-income rental households — defined as those who earn at least $150,000 — with more than 296,000 high-income renters in 2020, more than triple second place Los Angeles. High prices are one factor deterring the wealthy from buying homes, but th...

GTA Home Sales Down 44.6% YoY As Rate Hikes Still Weigh
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GTA Home Sales Down 44.6% YoY As Rate Hikes Still Weigh A ratio below 40% is usually considered a buyers’ market, while a ratio above 55% is viewed as favoring sellers, and anything in between a sign of market balance. A second quantitative indicator is the sales-to-active-listings ratio, where a ratio below 12% is considered a lean towards buyers, abo...

TRREB: Population Growth and High Interest Rates Drive Rental Demand in GTA
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TRREB: Population Growth and High Interest Rates Drive Rental Demand in GTA The number of condominium apartment rental transactions reported through the Toronto Regional Real Estate Board’s (TRREB) MLS® System was down on a year-over-year basis by 19.9 per cent in the fourth quarter of 2022. The fact that the number of units leased was down by more than the number of uni...

Despite Market Correction, Average GTA Home Prices Were Up Nearly 9% in 2022
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Despite Market Correction, Average GTA Home Prices Were Up Nearly 9% in 2022 In the city of Toronto, home prices averaged $1,140,595 in 2022, which was lower than the $1,218,724 average seen in the rest of the GTA. Although the winter months are typically slower for the real estate market, December saw just 3,117 sales in the GTA (down from 6,013 in December 2021) and 4,074....

A Tighter Rental Market to Come in Toronto

Michael Mcculloch Michael Mcculloch is a real estate agent with ROYAL LEPAGE Real Estate Services Ltd., Brokerage. Check out Michael Mcculloch's listings or office listings.

Toronto home prices closed 2022 down 9.2 per cent year-over-year
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Toronto home prices closed 2022 down 9.2 per cent year-over-year According to the TRREB, the average price of a detached home was down 13.4 per cent year-over-year to $1,384,586, while the average cost for a condo dropped 0.9 per cent to $705,659. According to the TRREB data, there were 3,117 properties sold in December – down 48.2 per cent from the same month ...