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.

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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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.

Energy Audits for New and Resale Homes in Ontario Are Coming!
7.1 Provide free energy audits for pre-sale homes
Energy audits would be required before a new or existing single-family home can be listed for sale, and the energy rating will be included in the real estate listing. These audits are intended to be provided free of charge under this plan. 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.

Ontario property values jump nearly 50% on Toronto’s surging market
Across Ontario, property values increased 18 per cent between 2012 and this year, or 4.5 per cent a year on average, according to the latest assessment data released by Municipal Property Assessment Corp., which conducts assessments on more than five million residential properties in the province once every four years. The values ...

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Real Estate in the News

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Stay up-to-date with all real estate news updated continually on our Facebook page.

Luxury real estate sales rage on in Toronto
Toronto saw 500 properties worth north of $2 million sold between January 1 and March 31 of this year.

Competition Bureau wins case against TREB
It remains unclear what impact this will mean for homebuyers and, indeed, agents, as the Tribunal has not yet detailed how it will remedy TREB’s anti-competitive conduct. However, it may ...

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Real Estate in the News

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Stay up-to-date with all real estate news updated continually on our Facebook page.

Two-thirds of millennials expect to afford a Toronto-area home, study suggests
About two-thirds of millennials in the Toronto area expect to own their own home, according to a survey by Pollara for Bank of Montreal being released Wednesday. That’s despite a higher average purchase price of $465,000 in Toronto, compared to the $350,000 national average.

Home sales break March record
“Greater Vancouver and ...

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Real Estate in the News

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Stay up-to-date with all real estate news updated continually on our Facebook page.

Cosmos Condos in Vaughan
High interest, unique and custom designs developed with great care and attention to individual suites will make Cosmos Condos a highly sought after location in Toronto’s newest downtown in Vaughan.
There is a Tesla car to be won by the agent that attains specific sales targets for this project!

Featuring ...

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Real Estate in the News

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Stay up-to-date with all real estate news updated continually on our Facebook page.

The Ravine on York Mills
The Ravine is Phase 1 of a multi-building development bordering on the pristine ravine area on York Mills at the 404. Sales start Saturday April 2, 2016 in an exclusive Realty Point Open House event.

Three U.S. Trends That Could Push Canadian Mortgage Rates Higher
We look at three developing U.S. trends which have the potential to both ...

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Real Estate in the News

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Stay up-to-date with all real estate news updated continually on our Facebook page.

Average Canadian home now costs more than $500,000, CREA says
Monthly sales data from the Canadian Real Estate Association released Tuesday show the average price of a Canadian home was $503,057 in February. That’s an increase of more than 16 per cent from the same month a year ago.

Canada second only to France in taxing people who make $200,000 a year or ...

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Real Estate in the News

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Stay up-to-date with all real estate news updated continually on our Facebook page.

CMHC Releases its 2016 Q1 Housing Market Assessment Report for Canada and 15 Markets
In Toronto, overall strong evidence of problematic conditions reflects a combination of price acceleration and overvaluation. We are also monitoring for the potential emergence of overbuilding in Toronto due to the high number of condominium units under construction. Inventory management therefore continues to be necessary to make sure that these ...

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