A housing correction that RBC once called historic appears to have run its course and sellers are now 'back in the driver’s seat in most major markets' a new report from the bank suggests.
The average cost of rent for a one-bedroom apartment in Toronto has eclipsed $2,500 and is now up more than 20 per cent year-over-year, a new report has found.
Greater Toronto Area home prices fell almost 18 per cent from last February as the number of properties sold was halved, the region's real estate board said.
The Toronto Real Estate Board says the average price of a home sold last year hit a new record as the number of sales climbed 8.4 per cent compared with 2019.
Real estate agents sold a record 10,563 homes in October, a 25.1 per cent increase from October 2019 as the housing market recovers from spring's COVID-19 slowdown, Toronto Regional Real Estate Board said on Wednesday.
The Toronto Regional Real Estate Board says home sales in the Greater Toronto Area posted a record for August as they rose 40.3 per cent compared with a year ago and prices shot higher.
Landlords are lining up to sign Rees Nam and their partner as tenants, even though the two have already found an apartment in Toronto -- a far cry from when Nam was last on the hunt, two years ago.
The Canadian real estate market was at a standstill during the height of the COVID-19 pandemic, but now due to pent-up demand, lack of supply and historically low interest rates prices continue to rise.