Alex  Lui

Alex Lui

Sales Representative

Right at Home Realty, Brokerage*

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Alex Lui's blog

Seller's Market Condition During Q4 2017

On January 22, 2018, Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 5,773 condominium apartment sales through TREB’s MLS® System in the fourth quarter of 2017. This result was down by 15.4 per cent compared to the last three months of 2016.

Dec 2017 Sales Report

On January 4, 2018, Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 92,394 sales through TREB’s MLS® System in 2017. This total was down 18.3 per cent compared to the record set in 2016.  Record sales in Q1 were followed by a decline in Q2 and Q3 after the Ontario Fair Housing Plan (FHP) was announced.

November 2017 TREB Sales Report

On December 5, 2017, Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,374 transactions through TREB’s MLS® System in November 2017. This result was up compared to October 2017, bucking the

Canada National Housing Strategy Announced

On Nov. 24, 2017 the federal government released Canada’s first ever National Housing Strategy (NHS). The strategy is a 10-year, $40-billion plan focused on giving more Canadians a place to call home.
 

GTA October Sales Numbers

On November 2, 2017,Toronto Real Estate Board reported 7,118 residential sales through TREB’s MLS® System in October 2017. This result represented an above-average increase between September and October of almost 12 per cent, pointing to stronger fall market conditions.  On a year-over-year basis, October sales were down compared to 9,715 transactions in October 2016. Total sales reported through the first 10 months of 2017 amounted to 80,198 – down from 99,233 for the same time period in 2016.

Condo Market Conditions Remain Tight in Q3 2017

October 23, 2017 – Toronto Real Estate Board President Tim Syrianos reported continued average price growth on a year-over-year basis for condominium
apartments listed and sold through TREB’s MLS® System by Greater Toronto Area REALTORS®. The average selling price was $510,206 in Q3 2017 – up by 22.7 per cent compared to the average of $415,894 reported in Q3 2016.

Competition Between Renters Remains Strong in Q3 2017

October 23, 2017 – Toronto Real Estate Board President Tim Syrianos announced that year-over-year increases in average rents for condominium apartments were up very strongly in the third quarter, based on rental transactions reported by Greater Toronto REALTORS® through TREB’s MLS® System.

Another Governmental Measure to Curb Real Estate Market and Canadian Debt Level

OTTAWA - October 17, 2017 - Office of the Superintendent of Financial Institutions Canada

Today the Office of the Superintendent of Financial Institutions Canada (OSFI) published the final version of Guideline B-20 − Residential Mortgage Underwriting Practices and Procedures. The revised Guideline, which comes into effect on January 1, 2018, applies to all federally regulated financial institutions.

GTA REALTORS® Release September Stats

TORONTO, ONTARIO, October 4, 2017 – Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 6,379 sales through TREB’s MLS® System in September 2017. This result was down by 35 per cent compared to September 2016.

 

Ontario Gov't Unlocks Land for Affordable Housing

September 18, 2017 -- As part of Ontario's 16-point Fair Housing Plan, the provincial government has just announced that it will be unlocking surplus land at two downtown Toronto locations for developments of rental units and affordable housing. 

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