Toronto is the only North American real estate market considered in bubble territory. Toronto home prices are overvalued, making it high risk of being in a bubble, according to a new report on global real estate conditions by UBS Bank.

The bank ranked Toronto as No. 3 in its annual bubble index, following Munich and Frankfurt. Seven of the 25 global cities assessed were in the high-risk category. Hong Kong, Amsterdam and Paris were below Toronto…

Now that fall is here the real estate market is sending us puzzling signs. The GTA benchmark house price has continued to rise; however, condo prices are beginning to drop, and the market is running into strong headwinds…

Condominium prices, rents and sales have taken a substantial hit from COVID-19, much more so than other housing types, leading many to wonder if condos will recover from the pandemic. For the moment, the news isn’t good. For example, second-quarter condominium sales in the GTA were 51% lower than the year before, according to the Toronto Regional Real Estate Board (TRREB). New condo listings slipped by 22 % compared to the same quarter in 2019. Nevertheless, average condo prices modestly increased year over year, up 8.7% in August compared to the same time last year…

With the arrival of September, there is change in the air. The nights are cooler, and the air is fresher. Spring and summer, we have seen much upheaval in our lives as we attempted to adjust to the impact of the pandemic. And as we have discovered, we are resilient. We have discovered new ways to go forward, carry out our daily activities, do business and more. Our focus has changed, and our priorities have become more evident as the realities of Covid have become clearer. What we are living through is one for the history books. When we finally come to the end of the dark tunnel called Covid, there will be changes to our lifestyle in ways we never imagined, and the real estate market is changing too…

Here’s what you need to know if you’re thinking of renting your property (or part of it) as a short-term rental in Toronto.

On September 10th the city will launch their short-term rental registration program online and hosts will have until the end of the year to register their property…

Canadian real estate prices are growing at a breakneck speed. More homes were sold in July than any other month on record, with data going back more than 40 years. The performance of the housing market during this pandemic recession has been a big surprise. The price of a typical home across Canada reached $637,600 in July, a 7.56% increase compared to the same month last year. Canadian real estate buyers are shrugging off the pandemic, as a temporary inconvenience. The Canadian Real Estate Association (CREA) data shows prices made a huge increase, not just in known “hot” markets like Toronto, Ottawa, and Montreal but in almost every real estate market across Canada…

The real estate market remains hot! July was a record-breaking month for real estate as the GTA reported 11,081 sales - a 29.5% increase over July 2019 and a new record for the month of July. It’s hard to believe we are in a pandemic and the numbers for July are mind boggling…

Toronto new condo sales fell to their lowest level as developers stopped launching projects when Covid shuttered the economy and slowed home building. There were only 1,385 new condo sales in April, May and June, the weakest activity since 2009 when the U.S. housing market crashed. Sales were down 85% compared to the same period last year according to Urbanation, an industry group which tracks condo building trends. Over the second quarter, six projects totalling 1,176 units were launched, down substantially from the same period last year when 40 projects totalling 11,415 units launched…