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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

Toronto Housing / My Blog

Toronto could become a "buyer's market" in coming months: RBC

6/7/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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Is that for real? Toronto may soon become a buyer's market, according to RBC.

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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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Toronto's housing market feels chill from provincial measures

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

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Toronto’s overheated housing market has cooled rapidly since the Ontario government announced a suite of new housing measures in April, with average prices dropping 6 per ...

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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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Obsession with home ownership driving Toronto affordability crisis, report finds

5/23/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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The Toronto area will need up to $150 billion in new home construction in the coming decade and most of that should be rental units, says a report from the Canadian Centre for ...

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Agents sound off on the country's hottest market

5/19/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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Toronto real estate performance in April -- specifically the uptick in new listings -- is a seasonal blip in the market's radar, according to leading agents.

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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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Cool Toronto's market by cutting tax - not raising it

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

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Jack Mintz: If Premier Kathleen Wynne wants to score a big win with home-buying voters, why not get rid of the land-transfer tax altogether?

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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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Banking head speaks out on Toronto real estate market

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

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Governments may have to impose more measures to cool Toronto’s housing market if prices remain “overheated” after the spring buying season, said Bank of Nova ...

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The Toronto housing fix: Be careful what you wish for

3/31/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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With Toronto housing getting harder and harder to afford, governments are under pressure to “do something” – always a dangerous moment. Several ideas are ...

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Toronto eyes vacancy tax to rein in real estate speculation

3/31/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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Toronto Mayor John Tory says he is open to following Vancouver’s lead by imposing a tax on vacant homes to crack down on speculators, as pressure mounts on governments of ...

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Sousa promises measures to cool Ontario's overheated housing market

3/28/2017 | Posted in Ontario Real Estate by Shan Thayaparan

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Attention hard-pressed homebuyers: Finance Minister Charles Sousa is promising help in his spring budget to make houses and condos more affordable.

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Toronto house prices may jump 25% this year: Report

3/27/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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Toronto’s housing market is likely to stay strong for the rest of the year, with home prices jumping as much as 25 per cent, amid hints that speculators are fuelling ...

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Demand fuels Toronto house prices, not lack of supply: Study

3/13/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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Recent house price increases in Toronto are being driven by demand from foreign and domestic buyers who are caught up in a bubble of growing price expectations, and are not due ...

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Big banks are freaking out about Toronto real estate

3/5/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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Add Canada’s largest bank to the growing chorus of lenders worrying about unsustainable price growth in Toronto. Sparking speculation that further mortgage rule ...

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GTA REALTORS® Release Monthly Resale Housing Market Figures

3/3/2017 | 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 8,014 residential sales through TREB’s MLS® System in ...

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Toronto's home prices in line with other world cities

2/28/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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Bubble. What bubble? Toronto's soaring home prices are in line with the reality of other world cities such as New York, Hong Kong and ...

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Toronto condo sales push to records as buyers get squeezed out of the low-rise market: report

2/7/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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Priced out of detached houses and other low-rise products, Toronto buyers poured into condominiums units last year to create a 10-year low in inventory, according to a recent ...

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GTA REALTORS® Release Monthly Resale Housing Market Figures

2/4/2017 | 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 5,188 residential transactions through TREB's MLS® System in ...

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Toronto realtors predict another price surge in 2017

2/1/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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Toronto’s housing market is in for another red-hot year, the area’s real estate board said in a new forecast.

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Government intervention in Toronto more likely by the day: RBC

1/30/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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In a report released last week, the Royal Bank of Canada cautioned that the trends and conditions in Toronto real estate point to the growing possibility of government ...

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Toronto's new home prices hit fresh record as housing shortage nears 'crisis levels'

1/29/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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Supply of new low-rise homes in the city have declined so dramatically in the past decade that some projects are selling out just hours after launching, builders say.

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First-time buyers get GTA land tax reprieve

1/27/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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The City of Toronto is not increasing the Land Transfer Tax for first-time buyers which could have added as much as $4,475 to the cost of buying a home.

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Toronto condo buyers feeling the squeeze

1/20/2017 | Posted in GTA Real Estate by Shan Thayaparan

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One of the big surprises of the resale market in 2016 in the Greater Toronto Area was the strength of the condo segment. The shortage of listings in the single-family home ...

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