With over 11,000 sales in April 2015, the Toronto Real Estate Board (TREB) announced it is the highest sales result on record for the month, and a 17 percent overall increase in comparison to April 2014. Townhouse sales saw the largest increase in sales at 20.5 percent above April 2014’s sales amounts, followed by detached homes (a 17 percent increase) and condominiums (up 16.1 percent).
“The record April result clearly points to the fact that a growing number of GTA households view ownership housing as a high quality long-term investment,” said TREB President Paul Etherington. “This is evidenced by the strong sales growth we have experienced in Toronto and surrounding regions for all major home types.”
The most dramatic price growth in the GTA was for detached low-rise homes (up 11.4 percent compared to April 2014), followed by the better supplied townhouse and condominium segments (up 10.1 and 5.8 percent respectively). Jason Mercer, TREB’s Director of Market Analysis, asserts that “Demand for ownership housing was very high relative to the number of homes available for sale in April. This situation is not expected to change markedly as we move through the remainder of 2015.”
In a recent episode of The Tom Storey Show, CEO Sasha Cucuz joined hosts Steve Karrasch and Tom Storey, to discuss the financialization of Canadian housing—an interesting topic in today’s real estate landscape. This episode delves into how the increasing…
The 5th Annual Velo Blu Pedal for Blu Genes charity ride took place on September 13th, attracting over 140 enthusiastic participants. This year’s event not only boasted an impressive turnout but also welcomed new sponsors, collectively raising more than $400,000…
The 15th Annual Constantine Yorkville Run kicked off on September 8th, raising over $561,304 for 30 Toronto charities and counting! This year’s event offered both an in-person 5K run/walk and a virtual option, allowing everyone to participate and be part…
In our latest episode of Boardroom Brief, we delve into a topic that’s recently been making waves in the news: Canada’s immigration policy. Known for its historically open immigration policies, Canada has consistently maintained some of the highest foreign-born population…
We are excited to announce that our House of Assembly high-rise development in Toronto’s west end has achieved a significant milestone with the completion of the building’s topping-off. This signifies the final stage of vertical construction for the 16-storey high-rise,…
Sales are slated to launch soon for Brooklin Vue, our development project in partnership with Treasure Hill. The upcoming new community in the historic village of Brooklin, Ontario, offers an exclusive collection of two and three-storey modern townhomes designed to…
Introducing Boardroom Brief, a series where we dive headfirst into the real estate landscape, demystifying current headlines and featuring in-depth discussions and expert insights from Greybrook. Gain an inside look at the thoughtful discussions occurring in our boardroom on relevant…
Greybrook¹ announced today the acquisition of two garden-style apartment communities consisting of 456 units situated in the Metro Atlanta area, south of Atlanta, Georgia for the purchase price of US$57,200,000. Greybrook will manage the implementation of a property enhancement program,…
Following the completion of preliminary site work, home construction has commenced at Eversley Estates, our low-rise King City community developed in partnership with Treasure Hill. Comprised of 105 luxury estate-style homes, this picturesque enclave will redefine rural elegance with classically…
It is with heavy hearts that the Executive Team at Greybrook announces the passing of our cherished founder, Elias Vamvakas, today, after a courageous battle with pancreatic cancer. Elias was 65 years old. Elias Vamvakas was a visionary leader…
