The Goldman Team
  • Cathy Goldman
  • 14 June 2017

The City of Toronto’s Municipal Licensing and Standards department released a report outlining a number of proposals affecting both individuals and companies that offer short-term rentals. First and foremost, the report proposes banning people from entering into short-term rentals if the property is not their primary residence. This includes properties listed on the popular short-term rental website Airbnb.

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  • Cathy Goldman
  • 05 June 2017

The number of properties available for sale (active listings), increased by 42.9% in May, year-over-year. It should be noted that the lowest level of active listings in the last 15 years was recorded in May 2016. Furthermore, the number of active listings in May 2017 remained below the average and peak figures over the previous 15 years. The increase was driven by more detached and semi-detached homes and townhomes being listing. The number of active listings in the condo market decreased, year-over-year.

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  • Cathy Goldman
  • 06 February 2017

Continuing the trend from last year, 2017 is off to a record start. Sales across all property types – detached, semi-detached, townhouses, and condos – are up year-over-year. The supply problem experienced in 2016 has carried over into 2017. The number of new listing in January was down 17.6%, year-over-year, according to the Toronto Real Estate Board.

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  • Cathy Goldman
  • 09 January 2017

2016 was the second consecutive record year for home sales according to data compiled by the Toronto Real Estate Board. 2016 Highlights: • $1,240,877 – average price of detached home • $847,091 – average price of semi-detached home • $622,969 – average price of townhouse • $442,669 – average price of condominium apartment • Condominiums exhibited the strongest sales volume growth at 16% compared to 2015

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  • Cathy Goldman
  • 09 January 2017

December did not disappoint! Capping off a record 2016, TREB reported double-digit price growth across all major property types, with the exception of semi-detached properties. Detached homes and townhouses led the group with average price increases, year-over-year, of 24%. Condos reported an average price increase of 17% and townhouses 9%, year-over-year.

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