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Shan Thayaparan | Real Estate Sales Representative Serving 
Scarborough, Toronto, Ajax, Pickering, Durham, Brampton, Mississauga, York Region and the GTA | Re/Max Community Realty Inc., Brokerage

Real Estate Trends / My Blog

Largest Cohort of Millennials Changing Canadian Real Estate, Despite Constraints of Affordability and Mortgage Regulation

8/17/2017 | Posted in Real Estate Market by Shan Thayaparan

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'Peak Millennials' (aged 25 to 30) to create strong wave of demandNational survey shows while the peak millennial dream to own property is very strong, ...

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Toronto casts shadow over nation's home sales, but realtors see signs market bottoming out

8/16/2017 | Posted in Ontario Real Estate by Shan Thayaparan

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Home sales in the Greater Golden Horseshoe just saw the smallest decline since Ontario’s housing clampdown, suggesting the market may be stabilizing.

...

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Supply not the main factor in Toronto's housing woes: Commentary

8/15/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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While various quarters have cited supply scarcity as a central driver in Toronto’s long-running housing affordability issues, latest census data actually belies that ...

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Canadian home sales fall further in July

8/15/2017 | Posted in Real Estate Market by Shan Thayaparan

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According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined further in July 2017.

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Rise of the robot realtor? Canadians amongst the most 'digitally-active' homebuyers in the world

8/8/2017 | Posted in Industry Trends by Shan Thayaparan

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New technologies are transforming the way people in Canada and across the globe are buying a home, with significant implications for consumers and the property ...

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Canadian home sales drop again in June

7/17/2017 | Posted in Real Estate Market by Shan Thayaparan

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According to statistics released today by The Canadian Real Estate Association (CREA), national home sales cooled further in June 2017.

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Bank of Canada Believes Housing Is Still Pretty Cheap

6/23/2017 | Posted in Real Estate Market by Shan Thayaparan

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Turns out housing may be affordable, acording to Bank of Canada (BoC) Housing Affordability Index which shows that the cost of housing across Canada is below historic norms. We ...

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Looming rate hikes seen dousing Canadian consumers, housing market

6/19/2017 | Posted in Mortgages and Real Estate by Shan Thayaparan

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Looming rate hikes by the Bank of Canada will put financial stress on indebted Canadians and potentially exacerbate a slowdown in the nation's long housing boom, credit ...

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CREA Updates Resale Housing Market Forecast

6/15/2017 | Posted in Real Estate News by Shan Thayaparan

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The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate ...

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Brace for a possible tax on speculative home purchases

6/14/2017 | Posted in Mortgages and Real Estate by Shan Thayaparan

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The chief economist of the Canadian Real Estate Association says homeowners in the Greater Toronto Area should brace themselves for a possible tax on speculative home ...

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Home Prices Up a Record 2.2% in May

6/14/2017 | Posted in Real Estate Market by Shan Thayaparan

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In May, the Teranet–National Bank National Composite House Price Index™ was up 2.2% from the previous month, the largest May gain in the 19-year history of the ...

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BMO CEO downplays housing risk

6/12/2017 | Posted in Real Estate Market by Shan Thayaparan

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The Bank of Montreal's CEO is downplaying the consequences that would come from a possible correction in house prices, saying the real estate market "essentially heals ...

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Is Toronto's housing market decline for real?

6/8/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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Why sales and prices seem likely to continue to fall for at least the next two or three months.

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Toronto home sales drop most since recession as new rules put brakes on market

6/6/2017 | Posted in GTA Real Estate by Shan Thayaparan

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Sales of existing homes across the Greater Toronto Area dropped a whopping 20.3 per cent in May from a year ago, while the average home price in the region fell about six per ...

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GTA REALTORS® Release Monthly Resale Housing Market Figures

6/5/2017 | Posted in GTA Real Estate by Shan Thayaparan

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Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 10,196 sales through TREB’s MLS® System in May 2017 ...

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Real estate not only more expensive, but also more complex

6/3/2017 | Posted in Ontario Real Estate by Shan Thayaparan

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The only thing increasing faster than GTA home prices is the complexity of the market. Lesser-known but very important changes are already underway that will significantly ...

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GTA Home Sales Plunge 26% Following Ontario Foreign Buyer Tax

5/25/2017 | Posted in GTA Real Estate by Shan Thayaparan

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On April 20th 2017 the Ontario government introduced their Fair Housing Plan which included a 15% tax on homes purchased by foreign (non-resident) buyers. The provincial ...

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Canadian home sales drop in April

5/15/2017 | Posted in Real Estate Market by Shan Thayaparan

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crea-news-18.jpg - Real Estate News According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined in April 2017. ...

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Housing starts trend higher

5/9/2017 | Posted in Real Estate Market by Shan Thayaparan

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The 6-month trend of Canadian housing starts was up in April, reaching 213,768 units compared to 210,702 in March.

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Toronto real estate sales climbed in past week, but overall cooling could be coming

5/2/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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Early data suggests homebuyers in Canada’s largest city sat on the sidelines as they awaited new market cooling measures, but jumped backed into the market — albeit ...

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Activity in Canada's largest urban centres encouraging local buyers to relocate to surrounding markets : Re/Max

4/25/2017 | Posted in Real Estate Market by Shan Thayaparan

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"Move-over" buyers from Toronto and Vancouver turning to surrounding areas to find a balance of affordability, square footage, and access to ...

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Canadian home sales edge higher from February to March

4/18/2017 | Posted in Real Estate Market by Shan Thayaparan

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According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in March 2017.

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Overheated Price Appreciation in Greater Toronto Area Reaches New Heights in the First Quarter of 2017

4/18/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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Apprehension grows over the region's steep price gains, causing many to search for property in regions beyond the GTA.

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Single Canadians make up a quarter of homebuyers

4/13/2017 | Posted in Home Buyers by Shan Thayaparan

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Almost 1 in 4 homebuyers is buying on their own, often due to unexpected life changes. A new survey from TD found that 69 per cent of divorced and 35 per cent of widowed ...

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Home Prices Up 0.9% in March

4/12/2017 | Posted in Real Estate Market by Shan Thayaparan

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In March, the Teranet–National Bank National Composite House Price Index™ was up 0.9% from the previous month, the largest March rise in 10 years. This increase is ...

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Six stunning numbers about Toronto real estate and your personal finances

4/8/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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From a personal finance point of view, Toronto real estate makes your head spin. Monthly price increases for resale houses in the city are amazing enough in their own ...

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Experts weigh in on hot Toronto house prices

4/8/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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Interest rates, lack of supply, speculators and foreign buyers may all be contributing to rapid price growth.

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Royal Bank CEO 'increasingly concerned' about Toronto, Vancouver housing markets

4/6/2017 | Posted in Real Estate Market by Shan Thayaparan

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Royal Bank's CEO said he's "increasingly concerned" about the Toronto and Vancouver housing markets and would welcome government intervention in the ...

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GTA REALTORS® Release Resale Housing Market Figures

4/5/2017 | Posted in GTA Real Estate by Shan Thayaparan

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Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 12,077 residential sales through TREB’s MLS® System in ...

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