ERIC  GLAZENBERG

ERIC GLAZENBERG

Broker

Sutton Group-Admiral Realty Inc., Brokerage *

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ERIC GLAZENBERG's blog

TRREB RELEASES MAY RESALE HOUSING MARKET REPORT

TORONTO, ONTARIO, June 3, 2020 – Toronto Regional Real Estate Board President Michael Collins released the following key housing market statistics for May 2020:

TRREB MLS® System Sales and New Listings

• Greater Toronto Area REALTORS® reported 4,606 sales through TRREB’s MLS® System in May 2020. This result was down by 53.7 per cent compared to May 2019.

The Best Type of Condo for Investment in Toronto

Historically, investors seeking income properties have sought out houses.  Over the past decade, that trend has turned and more investors are opting for condos.  However, condo investments can seem daunting and there’s a lot of data to consider. So, let’s cut through the jargon and get straight to the facts.

GTA REALTORS® Release April 2020 Stats

TORONTO, May 5, 2020 – Toronto Regional Real Estate Board President Michael Collins released the following key housing market statistics for April 2020:

Home Sales and Listings

Economists Say That Housing Prices In Canada Immune To COVID-19

MONTREAL, May 1, 2020 – The COVID-19 economic crisis has shuttered our cinemas and airlines, thrown restaurants and bars into disarray and is currently busy running up read more | login or register to post comments

GTA REALTORS® Release March 2020 Statistics

TORONTO, April 23, 2020 – Toronto Regional Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,012 home sales through TRREB’s MLS® System in March 2020 – up by 12.3 per cent compared to 7,132 sales reported in March 2019.

Toronto Regional Real Estate Board Releases Monthly Resale Housing Market Statistics for February 2020

TORONTO, MARCH 4, 2020 – In line with the forecast contained in the Toronto Regional Real Estate Board’s recently released Market Year in Review and Outlook Report, TRREB President Michael Collins announced a very strong year-over-year sales and price growth in February 2020.

Change coming to Canada's mortgage stress test

Ottawa, February 18, 2020 - The federal government is changing the stress test rate for insured mortgages starting April 6.  These are high-ratio mortgages where buyers are making less than a 20% down payment.

The new minimum qualifying rate will be the greater of the borrower’s contract rate or the weekly median five-year fixed insured mortgage rate from mortgage insurance applications, plus 2%. (Insured mortgages are those in which the borrower has less than a 20% down payment. They’ve been subject to the stress test since 2016 .)

RBC: Toronto Real Estate Market is Heating up Like Early 2016

Toronto, February 10, 2020 - The housing market in Toronto is starting to look a lot like it did in early 2016 warns a new report.

GTA REALTORS® Release January 2020 Stats

Toronto, February 5, 2020 - TRREB President Michael Collins announced that Greater Toronto Area REALTORS® reported 4,581 home sales through TRREB’s MLS® System in January 2020 – up by 15.4 per cent compared to January 2019. On a preliminary seasonally adjusted basis, sales were up by 4.8 per cent compared to December 2019.

2019 Begins "New Era" in GTA Rental Market History Says Urbanation

Toronto, January 20, 2020 - The supply of purpose built rental homes in the Greater Toronto Area was soaring at the end of last year.

Urbanation’s figures for Q4 2019 show that there were 12,367 units under construction by the end of the quarter, the highest level since the 1970s when modern rent controls were enacted.

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