Real Estate in the News

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Toronto Real Estate Board predicts homes sales to soar in 2016
TREB estimates its member realtors will sell between 96,500 and 105,000 residential properties this year – either just above or just below last year’s record high of 101,229 transactions. You can read TREBs 2015 Market Year in Review & Outlook Report here (PDF).

December home data comes in
National home sales fell 0.6% in December from November to December, but increased 10% year-over-year.

What’s in store for the Canadian housing market in 2016?
Credit agency Fitch Ratings said it does not expect a price drop to take place within the year. The company projected a 2016 property value growth of approximately 2.5 per cent. Also read “Toronto real estate group: 2016 could set sales record year, prices still rising“.

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