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Toronto real estate sales up in January
If no news is good news, then we have reason to be glad: “There is little new to report about national sales activity,” said the president of the Canadian Real Estate Association, Wayne Moen, in a...
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Affordability need not be an issue for condo buyers
We often talk about the affordability factor in choosing a condominium lifestyle in a market like Toronto. Recently, RealNet Canada showed that the price gap between the “average” low-rise home...
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Condo segment boosts Toronto real estate sales in February
The Toronto real estate market saw a “moderate uptick” in sales activity in February, with sales just over 2 per cent higher than in the same period last year. As everyone who lives in the GTA knows,...
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Strongest May on record in Toronto resale market
It was a merry month of May for the home resale market in Toronto. The Toronto Real Estate Board says more homes changed hands this past May than in any other May on record. Toronto Real Estate Board...
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Strong growth in sales, prices in March resale market
The current run of monthly sales increases in the Toronto resale housing market now stands at twenty-one. The last time monthly sales were lower than in the previous month was in June, 2013 (not...
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Real estate market has no need for rate cut: Royal LePage
Real estate in Canada almost seems to be operating in its own universe, detached from and outperforming the larger economic world where the country’s economy has not been performing up to expectations...
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November home sales set new record; prices rising faster in 905
It’s official; the year 2015 is now in the record book for the greatest number of sales of existing homes in Toronto. November’s sales, all 7,385 of them, were a record in themselves; the best November...
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2015 a year for the record books in Toronto real estate sales
Demand for home ownership in the Greater Toronto Area was unabated in December, and as expected, a new sales record was set for 2015. December’s sales of 4,945 homes pushed total sales for the year...
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Insatiable demand keeps home sales, prices soaring
With sales at levels normally seen in late summer and fall, February set yet another record in Toronto’s resale housing market. Toronto Real Estate Board numbers show 7,621 sales last month, an...
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Sales, prices soar while new listings are scarce in April housing market
How cruel is April? If you were looking for a home in the Toronto area, pretty cruel. Compared to one year ago, the average price of a home in the GTA was more than a hundred grand higher than a year...
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A shortage of condos in Toronto? Hard to believe, but statistics say so.
Toronto’s housing market has been driven by a chronic shortage of low-rise homes for sale over the past decade or so. As a result, those home buyers who want a single or semi-detached home in Toronto...
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Despite record-low listings, home sales forecast to rise through 2016: CREA
Canada’s resale housing market was defined by supply shortages, higher sales, and higher prices in 2015, and those same market trends have only intensified in 2016, says the Canadian Real Estate...
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Search data shows disconnect between available homes and what people want
Fact: the average price of a resale home in Canada in August was $456,722 according to the Canadian Real Estate Association. So, if 60 per cent of online home searches in Canada are carried out by...
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Condominium developers in the GTA have reason to be happy; low-rise home builders not so much, for August was a month of records for new home sales, not all of them good. High-rise homes are riding...
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Tighter conditions in Toronto condo market for buyers and renters: TREB
Home buyers, particularly first-time buyers, continue to face challenging conditions in Toronto. The assumption that newcomers to the city, downsizers, and first-time buyers will find the home they are...
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Education, personal use top reasons Chinese seek Canadian homes: report
Finally, we have hard data about how many Chinese have bought, or thought about buying, Canadian homes, and why. It turns out, as so often happens, that the popular perception is not quite right....
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