Yearly Archives: 2013

August 2013 Sales and Average Price Up Over 2012

Greater Toronto Area REALTORS® reported 7,569 residential transactions through the TorontoMLS system in August 2013. This represented a 21 per cent increase compared to 6,249 sales in August 2012. “Sales were up strongly this past August for all major home types compared to last year. Many households have accounted for the added costs brought on […]

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NO BOOM, NO BUST AS CONDO MARKET REMAINS STABLE ACROSS THE COUNTRY

Record growth is not in the foreseeable future of the condo market, but it is also likely the sector will be able to avoid a major downturn, according to the latest Conference Board of Canada condo report released by Genworth Canada.  While markets in major centres such as Vancouver, Montreal and Toronto have been of particular concern, The Summer 2013 Metropolitan Condo […]

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New CMHC restrictions could impact mortgage rates

First-time buyers likely to feel impact of new CMHC restrictions as housing market starts to surge again. First-time buyers are most likely to feel any impact of new restrictions introduced by the Canada Mortgage and Housing Corp. that appear to be aimed at further cooling the housing market and limiting Ottawa’s exposure if house prices […]

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GTA REALTORS® RELEASE MONTHLY RESALE HOUSING FIGURES

Greater Toronto Area REALTORS® reported 8,544 residential sales through the TorontoMLS system in July 2013.  Total sales were up by 16 per cent compared to July 2012.  Over the same period, new listings added to TorontoMLS and active listings at the end of the month were up, but by a substantially smaller rate of increase compared to […]

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Get the dirt on Toronto condos using new review site

So far, the fledgling site has comments from buyers, renters and ‘condo plane-spotters’ on about 400 of the more than 2,000 registered buildings in Toronto. It could be one of the best, or worst, things to hit the Toronto condo market since websites like Yelp turned the tables on restaurant criticism. A new crowdsourcing site, thedirt.co, officially launches […]

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