Blog

Thu Jan 28

Milborne Mentionables 01/28/21

The December OREB stats are in! ⁣⁣OREB reported 1,002 residential properties in December through the Board’s Multiple Listing Service System. This is 32.4 per cent increase compared to the 757 sales in December 2019. December’s sales included 292 in the condominium property class, an increase of 29.2 per cent from December 2019.⁣⁣December’s average sale price […]

Mon Jan 18

Milborne Mentionables December 2020

December stats are in! ⁣⁣ The Greater Toronto Area REALTORS® reported over 95,000 home sales in 2020 – the third-best result on record. The average selling price reached a new record of almost $930,000. ⁣⁣“The Greater Toronto Area housing market followed an unfamiliar path in 2020. Following the steep COVID-induced drop-off in demand during the […]

Tue Dec 22

Predictions for 2020

As the CEO and founder of Milborne Group, I am able to look back over almost 45 years of business, selling over 700 projects totalling over $35 billion. During this time, we have experienced several downturns/slow-downs/crises.  I think, upon reflection, that we must remember that the GTA condominium market is fundamentally strong. Speaking of fundamentals, there […]

Tue Dec 15

The Growth of the East GTA

As we approach a post-pandemic world- east GTA will likely become a real estate hotspot if predictions of homebuyers continuing to leave the downtown core are as accurate as they seem. Located east of Toronto, east GTA comprises Pickering(population 91,771); Ajax(population 121,780); Whitby (population 128,377) and Oshawa (population 159,458). Relatively speaking, areas like Pickering, Whitby, […]

Mon Dec 7

Insights from a Real Estate Insider

In a recent interview with TRNTO, Real estate expert Benjamin Tal spoke about the winter market, the vaccine, and the massive recovery to come. Benjamin was not surprised by the market recovery- but he was surprised by the speed at which the recovery happened. Due to qualification rates being higher than they were in 2008, […]

Mon Dec 7

Milborne Mentionables – November 2020

The November stats are in! TRREB reported 8,766 sales in November by Greater Toronto Area REALTORS® through the Toronto Regional Real Estate Board’s (TRREB) MLS® System. This result was up by 24.3 per cent compared to November of last year. The MLS® HPI Composite Benchmark was up by 10.6 per cent in November 2020 compared […]

Thu Oct 8

Milborne Mentionables 10/08/2020

Earlier this week, TRREB released their September Stats. Real Estate Board President Lisa Patel announced that sales reported through TRREB’s MLS® System by GTA REALTORS® amounted to 11,083 – a new record for the month of September. This number is up by 42.3 percent compared to September 2019.  We have several projects launching soon in […]

Wed Sep 9

Milborne Mentionables 09/08/2020

GTA REALTORS® reported 10,775 residential sales through TRREB’s MLS® System in August 2020 – up by 40.3 per cent compared to August 2019.’⁣ ⁣The market is heating up and it shows through the success of our recent launches! Stay tuned as we continue to launch exciting projects across the GTA this Fall.

Wed Jul 8

Milborne Mentionables 07/08/2020

June TRREB stats are in!⁣⁣Toronto Regional Real Estate Board President Lisa Patel announced that Greater Toronto Area REALTORS® reported 8,701 sales through TRREB’s MLS® System in June 2020.⁣⁣We are confident that Q3 will bring many launches. Stay tuned for our upcoming project announcements! We have a number of exciting projects in the pipeline, and we […]

Thu Jun 11

Milborne Mentionables 06/08/2020

May TRREB stats are in!⁣⁣Toronto Regional Real Estate Board President Michael Collins released the housing market statistics for May 2020. “While the number of sales was down substantially on a year-over-year basis due to the continued impact of COVID-19, the decline was less than the 67.1 percent year-over-year decline reported for April 2020. “⁣ We […]