Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 5,175 residential transactions through TREB’s MLS® System in February 2018. The number of new listings entered into TREB’s MLS® System totaled 10,520, a 7.3 per cent increase compared to the 9,801 new listings entered in February 2017. However, the level of new listings remained below the average for the month of February for the previous 10 years.
Prospective home buyers are still coming to terms with the psychological impact of the Fair Housing Plan, and some have also had to reevaluate their plans due to the new OFSI-mandated mortgage stress test guidelines and generally higher borrowing costs.
The MLS® Home Price Index Composite Benchmark was up by 3.2 per cent on a year-over-year basis for the TREB market area as a whole. This growth was driven by the apartment and townhouse market segments, with annual benchmark price increases of 18.8 per cent and 7.5 per cent respectively. Single-family detached and attached benchmark prices were down slightly compared to February 2017. The overall average selling price for February sales was down 12.4% year-over-year to $767,818. However, putting aside the price spike reported in the first quarter of 2017, it is important to note that February’s average price remained 12 per cent higher than the average reported for February 2016, which represents an annualized increase well above the rate of inflation for the past two years. Expect stronger price growth to continue in the comparatively more affordable townhouse and condominium apartment segments.
Despite the increase in active listings, an absorption rate calculation indicates there is 2.8 months of inventory. By industry standards, this is considered a fast, seller’s market, with the likelihood to push prices up as we head into the spring market.


Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 4,019 residential transactions through TREB’s MLS® System in January 2018. This result was down by 22 per cent compared to a record 5,155 sales reported in January 2017. The number of new listings entered into TREB’s MLS® System amounted to 8,585 – a 17.4 per cent increase compared to 7,314 new listings entered in January 2017. The outlook pointed to a slower start to 2018, especially compared to the record-setting pace experienced a year ago.
As we move through the year, expect the pace of home sales to pick up, as the psychological impact of the Fair Housing Plan starts to wane and home buyers find their footing relative to the new OSFI mandated stress test for mortgage approvals through federally regulated lenders,” said Mr. Syrianos. The MLS® Home Price Index Composite Benchmark was up by 5.2 per cent year-over-year. This annual rate of growth was driven by the condominium apartment market segment, with double digit annual growth versus the single-family segment, with prices essentially flat compared to last year. 

OPEN HOUSE!! Sunday, February 18th from 2-4 pm.

2303 Newcastle Crescent, Oakville

Absolutely Gorgeous 3+1 Bedroom 2 Storey Semi With Finished Lower Level. Over 2,800 Sqft Living Space. Hardwood Floor Thru-Out Main Level And Second Floor. Spectacular White Kitchen With Quartz Counter And S/S Kitchen Appliances.

Call me or message me at 416-659-4576 for more information on this stunning listing. 

Click here for more information on this listing.

OPEN HOUSE!! Saturday, February 17th 2-4 pm

3311 Charlebrook Court, Mississauga

Located At A Quiet Court, This Well-Maintained, Larger 4 Bdrm 4 Bath All Brick Home Offers Higher Ceiling At Entrance, Bright and Spacious entrance into Separate Living and Dining rooms. Family Rm With Fireplace.

Call me or message me at 416-659-4576 for more information on this gorgeous listing.

Please click here for more listing information.

Binu Rajaratnam 

Sales Representative

Phone: 905.822.6900   Mobile:  416.659.4576   Email:
Binu Rajaratnam

Buying or selling a home is a major decision and understanding the Real Estate market trends can be challenging. I love having the opportunity to provide my buyers and sellers with key market information, attentive and personalized service that will help you make an informed decision about your most valuable asset – your home. 

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As we approach this Christmas holiday season lets make time for family time.

Families are like gardens, the more you water them, the more spectacularly they bloom. Children who spend time with their parents participating in activities together build a positive sense of self-worth. When children feel that they are valued by their parents, they feel more positive about themselves. Family activities don't have to be expensive or luxurious to be meaningful. Take a walk together, go for a bike ride or play a game of basketball in the driveway. The important part is just being together and enjoying each other's company. Here are some fun activities to do as a family this Christmas season besides shopping. Enjoy and make memories!!
Cavalcade of Lights
The Cavalcade of Lights features the lighting of Toronto’s official Christmas tree, performances by some of Canada’s top musical talent, a beautiful fireworks show and a DJ skating party.
Saturday November 25
Nathan Phillips Square
100 Queen Street West, Toronto, Ontario M5H 2N2
Streetsville's 2nd Annual Christmas in the Village Festival
The Streetsville BIA is excited to present the second annual Christmas in the Village festival: a weekend full of free activities and entertainment for all ages!
November 25 – November 26
Nov 25 at 2 PM to Nov 26 at 4 PM
Queen Street South and Main Street, Mississauga, Ontario L5M 1L6

Read more..


October Stats pointing to stronger Market conditions in the GTA. Residential sales showed an above-average unit sales increase between September and October 2017 of almost 12%. Condominiums were a key driver of both this increased number of sales and an overall 2.3% increase in selling price for October transactions compared to October of 2016. A recent Urbanization report forecasts that 2017 will set a new record for condo sales in the GTA with 12,000 units becoming available this quarter, pushing total sales to 34,000, up from 27,000 in 2016.
​See below file for detailed information.

Update To Mortgage Underwriting Guidelines


TD Economics

Further to the announcement issued on October 25, 2017 by the Office of the Superintendent of Financial Institutions (OSFI), I wanted to provide you with an update on Guideline B20 - Residential Mortgages Underwriting Practices and Procedures. These changes come into effect on January 1, 2018 and will require customers to qualify for a mortgage or Home Equity Line of Credit at the five-year benchmark rate or the customer's discounted contractual rate +2%, whichever is greater, regardless of the chosen contractual mortgage term.
OSFI is implementing these changes for all federally regulated banks to follow due diligence in mortgage underwriting practices. Customers may experience a reduction in the total amount they qualify to borrow as result of the changes.
How will this might impact affordability?
Expect the average Canadian's home purchasing power for a given income to be reduced 15-20%. Here's an example of the impact a new qualifying rate will have on the maximum mortgage proceeds and home purchase price. A customer's maximum mortgage amount will be influenced by other factors including the term selected, variable or fixed rate, product selected, amortization, other debt obligations, and credit score. This example applies to mortgages only.  Amounts are based upon a combined Canadian family income of $75,000, 5-year fixed term mortgage at a target rate of 3.39%, 25-year amortization, $100,000 available for down payment, and $700 in other monthly debt obligations:
  Up to December 31, 2017 After January 1, 2018
Target Rate 3.39% 3.39%
Qualifying Rate 3.39% 5.39%
Maximum Mortgage $400,000 $325,738
Available Down Payment $100,000 $100,000
Home Purchase Price $ 500,000 $425,000
Changes to the existing policies and procedures may impact applications before or after January 1, 2018. The table below outlines how TD will manage these applications before or after the effective date.
Timeline: Pre-Approval: Purchase Transactions:
Before January 1, 2018 Pre-Approvals committed before January 1st will remain valid up to 120 days following the initial credit decision. Approved applications closing beyond January 1st will remain valid; no re-adjudication is required as a result of the qualifying rate update.
On and after
January 1, 2018
Any material changes to the request post January 1st may require re-adjudication using updated qualifying rates. Material changes to the request post January 1st may require re-adjudication using updated qualifying rate rules.

If you are a buyer looking for pre-Approval please contact Hema Amin.

Hema Amin / Manager, Mobile Mortgage Specialist / GTR / TD Canada Trust/ M: 416 356-5619 / F: 1 855-220-8845



November 2017 has provided us with another interesting set of stats for the Toronto Real Estate Board MLS.  Most notable is the average selling price for all home types in the GTA down 2 per cent compared to a year ago. However, as price increases in November 2016 were at an anomalous 22.7% over the previous year, a 2% drop suggests only the slightest of adjustment in the direction of affordability.