Toronto Real Estate Weekly

Toronto Real Estate Weekly News, stats and charts for real estate investors and homebuyers across Greater Toronto

Updated weekly on Tuesday

04/01/2022

The average rent for a 2-bedroom apartment is currently at $2,500. This is a 9% increase compared to the previous year.⁠

Source: Zumper

03/31/2022

BMO PREDICTS A "CORRECTION OR WORSE" IN CANADIAN REAL STATE

BMO predicts that home prices will cool along with interest rates. The trend can become more serious if interest rates need to rise more aggressively. This is a strong possibility, since a late policy response requires a bigger shock to make its point.

Source: BETTER DWELLING

03/29/2022

"The substantial rises in benchmark prices that we have witnessed in recent years reflect our region's critically limited supply of new houses," said Dave Wilkes, President & CEO of BILD, adding that "if this trend continues unchecked, we will all feel the impacts."

Source: BLOGTO

03/29/2022

The house price report today is $1,211,595 and 6,245 new listings in the last 28 days. As of today, Toronto housing data shows median days on market for a home is 9 days.

Source: Zolo

03/25/2022

The current average house price is $1,235,956 with 5,992 new listings in the last 28 days. As of today, Toronto housing data shows median days on market for a home is 9 days.

Source: Zolo

03/24/2022

"The latest National Rent Report, As employees return to the office and the population moves beyond the pandemic, Bullpen Research & Consulting expects the demand for rentals to gradually increase."

Source: BLOGTO

03/23/2022

Nothing speaks Spring home decor but fresh flowers and plants inside your home. But do you know that you can have other design ideas besides flowers and greeneries? Here are simple tricks to give your home a Spring concept without looking too much spring-y.

1. Use vibrant or striking colors. Bright yellows or lime greens for your curtain and sofa covers.
2. Put up some cute wall decors or signages that can help out.
3. Painting your ceiling with sky blue hue. Or a sticky wallpaper will do.
4. Upscale your mirrors with some stick-on designs.
5. Spray on some fresh floral scent to your home to liven up the vibe!

What more can you add to these ideas?

03/22/2022

"The Oxford Economics’ latest forecast shows home prices falling 24% by mid-2024. Higher interest rates and anti-speculation policies are forecast to begin the price declines this fall. If these measures fail to correct prices and they rise further, a crash of 40% and a financial crisis is expected."

Source: Better Dwelling

03/21/2022

The current average rent for a 1-bedroom apartment is $1,950. This is a 11% increase compared to the last year.

Source: Zumper

03/18/2022

CURRENT 4-BEDROOM PRICE IS NOW 10% HIGHER THAN LAST YEAR

The current average rent for a 4-bedroom apartment is currently $3,950. This is a 10% increase compared to the previous year.

Source: Zolo

03/17/2022

"RE/MAX reported recently, that first-time homebuyers and families have been increasingly finding themselves priced out of the broader Canadian real estate market. From coast to coast, rising prices are sidelining Canadians, who are unable to achieve the dream of home ownership,"

Source: BLOGTO

03/16/2022

Don't want to throw away things and yet you still have no place to put them? Here are some ideas to help you organize small and big things in your home.

- Repurpose your old carts
- Dust off your old bags and use them as fashionable baskets
- Use the space underneath tables for storage
- Create DIY floating shelves made out of boxes or sticks.
- Dual purpose: using storage boxes as tables

What other storage ideas do you have?

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