Sales and prices of existing homes in Canada fell in June, the Canadian Real Estate Association (CREA) said on Monday, adding to recent data that has signaled the country’s long real estate boom is starting to fade. Home resales dropped 1.3 percent in June from May, and from a year earlier they were down 4.4 […]
Yearly Archives: 2012Prices will cool in Toronto’s booming condominium market in the year ahead, but concern about a bubble is overblown as demographics and strong investor demand will insulate the market from a crash, economists at Canada’s largest bank said on Tuesday. The research department at Royal Bank of Canada waded into the debate over whether Toronto’s […] Greater Toronto REALTORS® reported 6,435 condominium apartment transactions during the second quarter of 2012 – down by 2.6 per cent compared to 6,609 transactions reported in the second quarter of 2011. New listings for condominium apartments were up substantially on a year-over-year basis, climbing by 19 per cent in comparison to 2011. “The condominium apartment […] July 5, 2012 — Greater Toronto REALTORS® reported 9,422 home sales through the TorontoMLS system in June 2012. The number of transactions was down by 5.4 per cent in comparison to June 2011. The year-over-year decline was largest in the City of Toronto, where sales were down by 13 per cent compared to June 2011. […] As part of the Government’s continuous efforts to strengthen Canada’s housing finance system, the Honourable Jim Flaherty, Minister of Finance, today announced further adjustments to the rules for government-backed insured mortgages. “Our Government stands behind the efforts of hard-working Canadian families to save by investing in their homes and their future,” said Minister Flaherty. “The […] |
|