Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

Canadian housing market poised to break all-time annual sales record even as BC cools
Although RBC has just downwardly revised its resale housing market forecast, now calling for 531,600 units to change hands in 2016 (previously it expected 545,800 sales) that’s still enough to surpass the current banner year of 2007, when 519,800 units were sold.

Canadian banks could weather a ...

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Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

GTA REALTORS® Release Monthly Resale Housing Market Figures
Toronto Real Estate Board President Larry Cerqua announced that TREB REALTOR® Members reported 9,989 home sales through TREB’s MLS® System in July 2016. At just shy of 10,000 transactions, this was the best result on record for the month of July. While sales were up on a year-over-year basis, the number of new listings ...

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Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

Toronto mayor not in a hurry to decide about intervention in housing
Toronto’s mayor said that the city government in not in a rush to decide about intervention in the red-hot housing market’s situation. Also read “This is the main driver of Toronto and Vancouver home prices (and it’s not foreign investment)“.

Here’s where Toronto detached home prices are ...

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Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

Why BC’s tax on foreign homebuyers may make Toronto’s market even hotter
Next month, foreign nationals and foreign corporations will be charged a 15 per cent property transfer tax on residential real estate purchases in Metro Vancouver, and this could drive Toronto home prices higher as these buyers turn to markets without such a levy, a new TD Bank report suggests.

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Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

Canadians amass $200 billion in wealth from residential real estate in a single year
“Rising home prices have generated $200 billion in new household wealth over the past year alone,” writes Adrienne Warren, a Scotiabank senior economist, in the latest weekly Global Real Estate Trends report.

Toronto condo builders have taken conservative path to adding supply: CMHC
CMHC said that 94 ...

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Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

National home prices soared to largest Q2 gain in five years, Royal LePage says
Royal LePage says the average price of a two-storey home rose 10.7 per cent from a year ago to $619,671. The average bungalow price climbed 7.9 per cent to $437,121, while the average condo price was $348,189, an increase of 4.2 per cent. The real estate agency is ...

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Real Estate in the News

Posted by:

This week’s top real estate news in Ontario and how your real estate business could be affected.

TREB Monthly Resale Report June 2016
Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 12,794 residential transactions through TREB’s MLS® System in June 2016. This result was 7.5 per cent higher than the 11,905 sales reported in June 2015. In line with the prevailing trend so far this year, the number of new listings was down ...

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Real Estate in the News

Posted by:

This week’s top real estate news in Ontario and how your real estate business could be affected.

May high-rise sales mark near-record month
The sales figures for new high-rise homes last month soared 76 per cent compared to the same month the previous year and represented close to twice the 10-year average of 1,896 units. New home sales also rose month over month in May, following 2,324 new homes sales in April, which amounted to a 14-per-cent decline compared ...

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Real Estate in the News

Posted by:

This week’s top real estate news in Ontario and how your real estate business could be affected.

Gen X bigger purchaser of cottages than Baby Boomers: Royal LePage report
The typical cottage buyer is a couple with children, most likely in the Generation X demographic, which the report defines as those aged 36 to 51.

Good times for investors to continue
The Canadian economy has recovered somewhat from 2015, but not enough to warrant a hike to the ...

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Real Estate in the News

Posted by:

This week’s top real estate news in Ontario and how your real estate business could be affected.

Average Canadian house price rose 13% to record $509,460 in May
The strong gains are largely tied to hot markets in Ontario and British Columbia, according to the numbers released Wednesday by the Canadian Real Estate Association. Stripping those two markets out of the calculations, the average price of a house sold in May declined 0.7 per cent in the past 12 ...

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