The Real Estate Magazine
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Step into the world of real estate with unparalleled insights into the international and Toronto markets. Experience cutting-edge design, explore lifestyle trends, and immerse yourself in a curated collection of stories that inspire, inform, and elevate your property passions. Welcome to The Real Estate Magazine – where every detail is crafted to perfection.
Culinary Color: Homes With Vibrant Kitchen Cabinetry
Just as a shower of herbs or flaky sea salt brings extra life to any dish, the colorful kitchen cabinets in these five homes really spice up their spaces.
5 Ideas For Unexpected Wall Coverings
When it comes to your walls, a simple paint job or swath of wallpaper can completely transform a space. If you’re looking for something a bit more unexpected, though, there are a few less common options for the ambitious designer looking to really make an impact.
Market Watch | August 2021
With almost 9,400 sales reported in July 2021, demand for ownership housing remained well-above average for the time of year despite being below the record July result set a year earlier. Market conditions actually tightened relative to July 2020, with sales accounting for a greater share of new listings compared to last year. The sellers’ market conditions sustained a double-digit annual rate of price growth.
Market Watch | June 2021
Residential transactions reported through TRREB’s MLS® System remained high in May 2021, but fell short of the 2016 record and were below this year’s March peak. Despite a slight ebb in sales over the last two months, market conditions remained tight enough to push the average selling price to an all-time record in May.
Greater Toronto Area REALTORS® reported 11,951 sales in May 2021 – more than double the result from May 2020, the second full month of the pandemic. May 2021 sales were below the May 2016 record of 12,789 but remained well above the average May sales of 10,336 for the 2010 through 2019 period. Often, May is the strongest sales month in any given year; however, 2021 results bucked this trend, with May sales below the 15,646 deals reported in March.
Market Watch | May 2021
Home sales in the Greater Toronto Area (GTA) set a new record for April and amounted to more than quadruple that from April 2020 – the first full month of the pandemic. Bucking the regular seasonal trend, April 2021 sales actually declined month-over-month. A similar trend was noted for the number of new listings reported.
The Federal Budget 2021 | Real Estate
High housing costs, especially in urban centres, continue to place middle class and low-income Canadians under huge financial pressure.
A long-term plan for a faster-growing Canadian economy must include housing that is affordable for working Canadians, especially young families. Stable housing is critical for communities and for a strong middle class.
2021 Canadian Top-Tier Real Estate Spring Outlook
Canada’s metropolitan luxury real estate markets are undergoing an unprecedented phase of evolution and expansion, according to Sotheby’s International Realty Canada. One year following the inception of the COVID-19 pandemic, the compounding effects of dramatic changes in the housing preferences of affluent Canadians, new demands across multiple generations of homeowners and buyers, significant cash accumulation, easy access to borrowing, and pent-up local and international demand, are rippling across the market. With sales activity and price gains accelerating across major cities across the country as a result, strong performance is projected this spring.
Market Watch | March 2021
Record home sales in the Greater Toronto Area (GTA) continued in February as buyers remained confident in their employment situations and took advantage of ultra-low borrowing costs. With multiple buyers continuing to compete for many available listings, double-digit annual price growth was the norm throughout the GTA, with stronger rates of growth in the suburbs surrounding the City of Toronto.
What you need to know if you're renting your home this fall
With the proliferation of home rental sites like Airbnb and VRBO, it’s never been easier to rent your house for the additional revenue and flexibility afforded by letting a space on a short- or long-term basis. Homeowners in peak markets make an average of $20,000 a year by renting out their homes—and that’s just through Airbnb.
Market Spotlight | Australia in 2020
Australia is famous for its wide-open spaces, its beaches, and its vibrant array of flora and fauna, among many other things. With highly-urbanized and cultural landmarks like Perth, Sydney, and Melbourne, it’s hard to argue that between the natural beauty – and the manmade variety – Australia remains high on the list of sought-after destinations.
Market Watch | August 2020
Toronto Regional Real Estate Board President Lisa Patel announces that Greater Toronto Area REALTORS® reported 11,081 sales through TRREB’s MLS® System in July 2020 – a 29.5 per cent increase over July 2019 and a new record for the month of July. On a preliminary seasonally adjusted basis, sales were up by 49.5 per cent compared to June 2020.
Market Watch | July 2020
Toronto Regional Real Estate Board President Lisa Patel announced that Greater Toronto Area REALTORS® reported 8,701 sales through TRREB’s MLS® System in June 2020. This result represented a very substantial increase over the May 2020 sales result, both on an actual (+89 per cent) and seasonally adjusted basis (+84 per cent), and was only down by 1.4 per cent compared to June 2019.
Market Watch | June 2020
Toronto Regional Real Estate Board President Michael Collins announced that 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. While the number of sales was down substantially on a year-over-year basis due to the continued impact of COVID-19, the decline was less than the 67.1 per cent year-over-year decline reported for April 2020.
Market Watch | May 2020
Toronto Regional Real Estate Board President Michael Collins released the following key housing market statistics for April 2020
Reopening Ontario after COVID-19
Ontario is planning for the next phase of responding to the coronavirus (COVID‑19) outbreak – reopening our province.
As a first step, we have developed a framework to guide our approach. This framework outlines the method and principles we will use to reopen businesses, services, and public spaces to responsibly lead Ontario’s economy back to a strong position.
The Ontario Jobs and Recovery Committee is a key part of applying this framework. The committee will consult with people and businesses to assess the economic impacts of COVID‑19, learn about their unique needs, and help guide Ontario to our “new normal.”
Market Watch | March 2020
March 2020 - Market Report | 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.
Greater Toronto Area REALTORS® reported 7,256 residential transactions through TRREB’s MLS® System in February 2020, representing a 45.6 per cent increase compared to a 10-year sales low in February 2019. However, February 2020 sales were still below the 2017 record result. Year-over-year sales growth, for the GTA as a whole, was strongest for ground-oriented home types.
Bank of Canada Lowers Overnight Rate Target to 1 1/4 percent
The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit rate is 1 percent.
While Canada’s economy has been operating close to potential with inflation on target, the COVID-19 virus is a material negative shock to the Canadian and global outlooks, and monetary and fiscal authorities are responding.
Market Watch | February 2020
Market Watch | February 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 Year-End Top-Tier Real Estate Report
According to Sotheby’s International Realty Canada’s 2019 Year-End Top-Tier Real Estate Report, Canada’s two largest top-tier metropolitan real estate markets rallied in 2019, gaining steady traction throughout the year. After a tentative start to 2019, the Greater Toronto Area (GTA) led the country in top-tier real estate performance with consistent and confident increases in sales activity and pricing, bolstered by the region’s strong population gains, healthy economic growth and robust labour market. Vancouver overcame several years of uncertainty fostered by ongoing government and regulatory interventions to see revitalized confidence and activity in the $1 million-plus real estate market by the last half of 2019. Montreal’s luxury real estate market achieved notable milestones in its condominium sector in 2019, and the city set new records in top-tier market performance. Despite improvements in the market for real estate under $500,000, Calgary’s uneven economic performance and political turbulence dampened a top-tier market already burdened with supply; as a result, recovery continued to lag.
Market Watch | December 2019
Market Report | December 2019 - Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,090 sales through TREB's MLS® System in November 2019 – a 14.2 per cent increase compared to November 2018. On a GTA-wide basis, sales were up year-over-year for all major market segments. Annual sales growth in ground oriented home types, including detached houses, led the way.